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To: jhild who wrote (5638)7/21/1998 1:20:00 PM
From: StandFast  Read Replies (1) | Respond to of 11684
 
Please answer the question:

To: jhild (5608 )
From: StandFast Tuesday, Jul 21 1998 1:00PM ET
Reply # of 5637

Please clarify your following statements:

<<Quite frankly, I have only the report, somewhat peculiar I might add about trading the land for 50M shares.>>
What is peculiar about it, please define your statement.

<<Now we had a discussion and analysis of this property and the claims of its value, which really didn't stand up to much scrutiny>>
Whos scrutiny? Yours?

<< and doesn't that seem to indicate to you that there is already a real possibility that the land that has been put in does not have great value?>>
How does it indicate such? Please explain?

<<My interest is in what the truth is.>>
<< I have no use for phone conversations with management. I don't want to be a middle man to the truth.>>
Is that not what you are doing by asking these repetitive questions? Asking someone else to give you answers?



To: jhild who wrote (5638)7/21/1998 1:40:00 PM
From: eric deaver  Read Replies (2) | Respond to of 11684
 
Jhild,

"Overlooking for a moment the lower estimate of current prices for this gas given recently and even accepting that they could even net the $10M, that seems to provide only a base benefit to the bottom line of $10M spread over the next several years."

You made the same mistake again that all of you guys have been making. I repeat - COAL BED METHANE IS NOT THE SAME AS NATURAL GAS RESERVES. The natural gas reserves will be additional to anything previously identified in any press release and IMO will be substantial. Also these reserves will be easily extracted at a large margins (i.e., 28-45% operating margin). Please don't make this same mistake again. I am tired of typing the same information.

Eric