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

To: BHighley who wrote (2515)	7/23/1998 10:27:00 PM
From: Just My Opinion	Read Replies (1) \| Respond to of 3817

Well a friend explained to me that it should only cost about $10,000 per well, if they can use the existing structure. He said that NTAH should expect about 1.8 million per month from the 2000 wells @$12 oil, and they could expect to have anywhere from 30-40% net. It sure sounds good to me.

To: BHighley who wrote (2515)	7/23/1998 10:37:00 PM
From: Author51	Read Replies (1) \| Respond to of 3817

Well, Mr. Highley.....If things go smoothly in the next week or two....I believe you'll have your answer.......Someone may just be using the technology on THEIR own strippers.....2,000 wells I believe.....Peace

To: BHighley who wrote (2515)	7/24/1998 10:24:00 AM
From: JackT	Read Replies (2) \| Respond to of 3817

As it was explained to me a couple months ago (I don't remember date as I am at work and my notes are at home) , NTAH had about 2.2mil in Capital ear marked for the Matagorda drilling, but when the stripper well opportunity arose with PAMCO then NTAH management adjusted their game plan to get started on the stripper well technology with the 2.2mil ( NOTE: the 2.2 is from my memory, but I am sure it was over 2mil) and negotiate a joint venture for the Matagorda lease. I realize that 2.2mil won't finance all the 5000 stripper wells that NTAh projects to put on line in the next year but it should be enough to get a good start as the wells will generate revenue as they go on line. I don't believe that the 2000 wells recently discussed are wells that NTAH plans to own, but another Company wants to use NTAH technology on (for a price of course). This type of transaction would help finance ntah own wells. This is just my opinion.