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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: V$gas.Com who wrote (5207)	7/14/1998 12:06:00 PM
From: Sequoia Holdings	Read Replies (1) \| Respond to of 11684

Hello Bob, Thanks for the great info. Was there any talk about becoming a SEC filing company? NoonTime

To: V$gas.Com who wrote (5207)	7/14/1998 11:48:00 PM
From: eric deaver	Respond to of 11684

e.Establish oil, gas and coal reserves with a value of $300,000,000.00 in the firstyear. f. Establish proven undeveloped oil reserves of 15,000,000 bbls in the first year. g. Establish proven undeveloped gas reserves of one hundred billion cubic feet within the first year. IF anyone doubts these numbers, I have just reviewed Cabot Oil & Gas' (the largest producer in the appalachian basin) 1997 10-K. They cite proved reserves of 900 billion cubic feet of gas and 5,000,000 bbls of oil. They have calculated their worth using the Standardized Measure of Discounted Future Net Cash Flows as $610,000,000. Additionally, PETD (another regional producer) values its 57 billion cubic feet of gas and only 45,000 bbls of oil using the Standardized Measure of Discounted Future Net Cash Flows at $30,000,000. Sounds like MTEI's numbers are very realistic to me. FWIW, Eric