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

To: Lonnie A. who wrote (7499)	8/1/1998 2:21:00 PM
From: eric deaver	Respond to of 11684

"Ted Streit is a fine man,-he's been working hard on those orphaned mines hasn't he?" Should have read "wells" my mistake - typo only - that's what happens when you type these things with a baby on your lap. << You would be of tremendous value to this thread if you were a little less emotional, and a little more realistic about oil, gas and coal reserves.>> I'm going to hold my tongue on that one. Have you read this thread Lonnie? How about just these two posts: Message 5304860 techstocks.com Pretty realistic estimates, IMO. <<When it's time to actually put the money up for a project most people feel a little more comfortable with their own research. Tell me eric, as a geologist, would recommend something to a potential client based on USGS surveys? I'm not trying to be a wise guy, but would you, honestly?>> Hence the importance of the Stagg/Dunn reports in getting investors to fund development. That's why its still a penny stock, Lonnie. Again this has been covered throughout this thread. <<The profitability of certain regions make it unrealistic to drill.>> Not in Lincoln County or much of WV. Again did you read the 10-Ks I suggested? <<In addition, you are acting as if Coal Bed Methane is a new thing, well you and I both know that it is not. Companies usually develop and extract CBM in conjunction with deep hole wells. Companies are working to profitably extract CBM alone and some have done a pretty good job at it. Miller, in Huntsville, Tn is a good example. They recently hit a well in Bell County KY. and plan to drill several more over an a of some 40,000 acres.>> No CBM is nothing new. The practice of extracting the purest form through vertical holes prior to mining and actually selling it to the transmission companies is relatively new as I understand. <<I only questioned their press releases that quoted numbers that were unrealistic.>> As have many people on this thread. Nothing new there. Have to wait on the SEC and Dunn to straighten that out. <<Could you direct me to a link that shows oil production in Lincoln County. Every report that I've seen shows somewhere around 4-6 Million MCF Natural Gas produced in both Raleigh and Lincoln but -0- oil production. allow me to edit that last line a little, I have seen reports that show some oil production, it is usually under 200 barrels per year.>> wvgs.wvnet.edu It is posted on the MTEI Info thread which I suggested earlier that you read. Figures provided by the WV Geologic Survey production records. Finally Lonnie, while I have worked in and around the oil & gas industry for some 15 years (both majors and independents) I am not a petroleum geologist but am a professional hydrogeologist fully registered (and living) in Virginia. I have a relatively thorough understand of the industry but yield to Bob Ulrich (as opposed to Bill Ulrich) for the final say in these matters. Eric