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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: John Chylek who wrote (1954)	7/7/1998 12:12:00 PM
From: Chuck Delo	Respond to of 3817

I talked to the investment firm representing NTAH today. I got the impression that the Caspian Sea project will NOT be finalized anytime in the near future due to the politics involved. However, it also sounded like the stipper well project / JV was going extremely well. He (Steve Johnson, 1-888-689-7706) stated it works and that they have had inquiries about it from abroad. He also said that there should be news out soon (2weeks +/-) about the Matagorda Island project. Obviously he could not say what it was. Maybe an agreement with one of the majors? On a last note he said that the BORCHERS Well #1 was pumping at app. 240 BOD which he translated into 33,000 a month for the company. While this stock is IMO a long term play, it sure appears to be a strong one.IMO Chuck