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

To: Just My Opinion who wrote (2687)	7/31/1998 12:54:00 PM
From: Author51	Read Replies (1) \| Respond to of 3817

FYI......Matagorda has 3 wells, sanded up........Initially was going to be a re-entry....However, after the Geologist reviewed the seismics.......The recommendation is to drill NEW......BTW the 3 wells, now sanded were producing, but the operators were not the swiftest bunch.........Peace

To: Just My Opinion who wrote (2687)	7/31/1998 12:55:00 PM
From: Seeker	Read Replies (1) \| Respond to of 3817

check out these numbers on the stripper well tech......this was taken from the nevtah home page......sounds really good and this is with just 9000 wells, there are over 500,000 stripper wells that this tech. can be used on... nevtah.com PRODUCTION AND REVENUES PROJECTIONS Herewith are several scenarios indicating why Nevtah feels the stripper well technology will be a very substantial company builder that will impact shareholder value. NUMBER OF PRODUCING WELLS LOWEST AVERAGE PRODUCTION SCENARIO BO PRICE ANNUAL OPERATING DAYS GROSS ANNUAL REVENUE 5000 2.22 BOD $15.00 324 $53,946,000.00 7000 2.22 BOD $15.00 324 $75,524,400.00 9000 2.22 BOD $15.00 324 $97,102,800.00 (Production numbers are believed to be on the conservative side and Nevtah believes that an average of 3BOD is likely.) Estimated cost of production is about $8.00 per barrel including leasehold and royalty payments.