SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?


To: Richard B. Haenisch who wrote (4267)6/30/1998 12:32:00 PM
From: lazarre  Read Replies (1) | Respond to of 11684
 
Thanks Rico;

Following is from Tod C. per his request:

<<<<hris, thanks for forwarding Blitz RB post. Eventhough. Blitz and
others have provided an understanding of the fair market value of
the reserves, there are a few things that must be pointed out.

1) Blitz gave fair market value on the coal and coal bed methane
reserves on the 2600 acres only. Stagg will provide available oil
and/or natural gas, and other resources available for exploitation.
The Stagg reports will be ongoing. The land has been prioritized
initially and will be re-prioritized when reports come in. The most
profitable properties (those that will bring revenue the fastest) will
be exploited first.

2) The calculations I had done and posted on SI were for the 2600
acres and extrapolation on the 8000 acres. My calculations did not
include oil, natural gas, or other resources. MTEI will exploit all
resources within the letter of the law. MTEI has more land now
and in the process of acquiring properties and companies outside
of West Virginia. The rumored Texas deal is potentially huge and
could make WV a much smaller piece of the pie.

3) Eric Deaver (bless you) has continually shown the significant
natural gas reserves in WV and specifically the counties in which
MTEI has property.

4) After talking with Jack briefly last week, MTEI is receiving deeds
]daily and my best guestimate is that MTEI now has more than 10600
acres in WV and is planning on acquiring as much as possible while
prices are low.

5) Bob Ulrich (bless you) has indicated the cost savings of MTEI's
stated methods of recovering the resources. From my conversations
with Jack and Winston (the grease out of the ground guy), MTEI will
have considerable savings based on these new technologies. Combine
that with the extremely low G&A, and MTEI will be more profitable
than any of the "larger" O&G companies that MTEI keeps getting
compared to. Let's make sure others are comparing apples to apples
when making company comparisons.

6) Jack, Winston, and Quentin Moore all have excellent reputations
for finding reserves. Contractors and joint venture partners are willing
to make deals with MTEI to be a part of the profits, even working on
the come where the contractor covers most drilling expenses for a cut
of the profit. Think about that scenario and how it can add income toMTEI much
faster than if MTEI was directly in charge of ALL thedrilling/pumping on ALL the
properties. Remember, there's only so
much manpower available at the MTEI corporate offices right now.

7) I can't stress enough what a coupe for MTEI getting Richard is. Both
Jack and Winston were giddy when talking about Richard.

8) The addition of an in house IR person will free several hours of Jack's
time from investor phone calls. Now he can focus on generating profits.

9) Jack, Winston, and Quentin are creating something HUGE and would
not put their life, reputation, and energies on the line if they weren't
dead serious about creating tremendous profits from their endeavor.
Each has a stellar reputation in the O&G industry that opens many doors
for MTEI.

10) For all those that worry about the future profitability of MTEI:
Jack and Winston did not put everything on the line to lose money.
They've been in the business long enough to know EXACTLY what it
takes to generate profits. They are EXTREMELY smart O&G guys and
any kind of negative speculation about the future MTEI is absurd.
MTEI will reward shareholders.

11) MTEI has no debt as land was paid for out of the restricted shares.
Jack adds laughingly, "Cash flow is not a problem."

I did not invest in MTEI based on a newsletter. I've talked with Jack,
Winston, and Quentin and many others that are familiar with the
industry. I believe these people and their reputations more than any
stock newsletter, paid shill, or person who posts hundreds of negative
posts on a stock they don't own (geez, get a life).

I am Long and Strong on MTEI and sse it as an undervalued gem!!!!!

Have a profitable day,
Tod>>>>




To: Richard B. Haenisch who wrote (4267)6/30/1998 1:04:00 PM
From: LionHeart  Read Replies (3) | Respond to of 11684
 
$$$ FOR THE NEW PEOPLE -Time to- GET EDUCATED ON MTEI $$$

STAGG REPORTS ARE COMING - STAGG REPORTS ARE COMING

1) Below is based on the 2600 acres ALONE.
2) MTEI has rights to 8000 more acres and are
3) acquiring more as we speak.
4) Conversations with this company are getting more impressive
each time.
5) Bashholes, thread lice, whatever, are here trying to keep you from buying. It's one of the best signs for a excellent sleeper stock like MTEI. DON'T LISTEN TO THEM, THEY KNOW THE VALUE AND ARE PAID
TO KEEP IT DOWN SO THEY MAY BUY MORE AT CURRENT PRICES


By Blitz:

Re: Stagg Reports & MTEI's Value They wouldn't say when they would be done but
it's not going to be finished overnight. They are evaluating LOTS of land, and
we want them to take their time, the report is important, and must be
accurate. The beautiful thing is this: The U.S.G.S. puts MTEI's coal reserves
at around 10,000,000 tons, now, as a matter of fact, the U.S.G.S. has
historically been known to underestimate by as much as 60 to 75%, that is not
a mistake, 60 to 75%. Worst case scenario is 10,000,000 tons, which translates
into about $100,000,000.00 or $1.43 per share so far...
>
Next scenario is 16,000,000 tons, which translates into about $160,000,000.00
or about $2.29 Best case scenario, is 17,500,000 tons, which translates into
about $175,000,000.00 or about $2.50 per share. That is just the coal that we
currently have. MTEI is in the process of acquiring other energy companies,
and other pieces of land. OK, so just the coal, can bring up to
$175,000,000.00 of value to our shares, which could be as much as $2.50 so
far... Also, Eastern US coal can demand prices of up to $75 per ton, as stated
by Stagg Engineering, depending on it's sulfur-content and BTU level, but we
will underestimate here. OK, that's anywhere from $1.43 to $2.50 per share so
far... Now, the U.S.G.S. also estimates there to be 2 billion cubic feet of
coal methane gas. Again, we could have anywhere from 2 billion CF, to 3.2
billion CF, to 3.5 billion CF. This gas currently sells in excess of $3 per
1000CF (possibly $5 w/ the alt. fuel tax credit). Worst case scenario would be
2 BCF, which would add $6 to $10 million, which is an added share value of
$.09 to $.14 Next scenario, would be from $9.6 million to $16 million for 3.2
BCF, which would add from $.14 to $.23 to the share value.
>
Best case scenario is $10.5 million to $17.5 million (w/tax credit) for 3.5
BCF. This would add anywhere from $.15 to $.25 value per share. So, the gas
part of our value can add anywhere from $6 million, up to $17.5 million, which
would add an extra $.09 to $.25 value to each share. Now, we have a possible
share value of anywhere from $1.52 to $2.75 per share. This is NOT counting
ANY of our oil reserves, or any other land we might have acquired or will be
acquiring in the future. This also does not include any value that will be
added via acquisitions/mergers with other companies that are already
producing.
With this said, I am VERY comfortable with my investment, yes, even
though we're at these levels right now, when the true value is shown in the
price of the stock, EVERYONE will be happy.

LionHeart