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Gold/Mining/Energy : Primeline Energy Holdings Inc. (PEH.V) -- Ignore unavailable to you. Want to Upgrade?

To: ASI who wrote (36)	8/18/1998 10:17:00 AM
From: ddl	Respond to of 58

Thanks Jonathan; Just to confirm we're talking the same thing... The technical summary on PEH states under "The Discovery of the vicky Accumulation" that interval 2,250-2,373m has a gas show of 62.5% hydrocarbon gas... Further on it states testing was done between 2,250-2,283m with a flow of 9.86mmcfpd. I was assuming that because the final test was done within the interval that stated it had 62.5% hydrocarbons, that the final test was the same mix. What you are saying is that the specific interval finaly tested does contain impurities as stated above (62.5%) but that the actual flow of 9.86mmcfpd is pure hydrocarbon gas (NG), therefore leaving the assumption that the flow of all gases was somewhere around 9.86 / .625 = 15.77 mmcfpd, right? If this is the case, I understand that it is still very important to know if the 37.5 impurities are made up of CO2. From what I'm told, the cost to remove this gas must come out of the 9.86mmcfpd. Can you clear this up for me please. thanks - denis

To: ASI who wrote (36)	8/25/1998 9:36:00 AM
From: ddl	Read Replies (1) \| Respond to of 58

Hi Jonathan; That was a very possitve release yesterday. In this market, there aren't too many issues who have to beat the clients back at the door! I guess I must add; if they aren't worried about that 37.5% other gas, why should I be? But it is simply a letter of intent to perform evaluations on their options, but fast tracking is, it seems, in order. On the other hand, it is not a concern for PEH and the investors as to what that 37.5% other gas is. If we are flowing 9.8 mmcfpd of pure gas, are there extraction costs that will have to be deducted from the cash flow in order to eliminate these other gases? Thanks - denis