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

To: eric deaver who wrote (5627)	7/26/1998 10:16:00 PM
From: Tod C	Read Replies (1) \| Respond to of 11684

Excellent post Eric and worth a re-read. MTEI is very similar in operational setup to Statoil. From year end 1997 annual report. Natural gas sales rose 66% to just over $1 billion due to an overall volume increase of 44% and a 12% increase in the average delivered price, as substantial gains in market share were realized by Statoil Energy in both its wholesale and end-user markets. Revenue from sale of the Company's natural gas production was up sharply as output more than tripled to 26.8 Bcfe, reflecting the impact of the $480 million Blazer Energy acquisition effective July 1, 1997. Tod