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Gold/Mining/Energy : Anvil Resources (V.ANV) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (2054)	12/6/1998 2:48:00 PM
From: overbyte	Read Replies (1) \| Respond to of 2214

Cash comes from equity(private placements of stock), debt (which anv has not used as of yet) and now from the sale of gas. Remember, anv gets back 125% of the cost of developing each well before the cash flow is divided (after this pay-back they will receive more than 50% of the cash flow). They should begin making the transition to debt financing after 1 or 2 more wells in my opinion, and the stock dilution will stop. By then they could have a very nice cash flow indeed. Where do you think kob, sog and elk are going to get cash? Who's going to pay for the blowout and its associated delays? Also the cost for there wells are going to be much higher due to there extreme depth. They are going to have to surmount more problems than Anvil ever had. At least Anvil is demonstrating that they can overcome the problems of transition from exploration/discovery to developement/production. Red, you roll the dice very well, the trick is to also know how to place the bet. Anvil's number is a commin' in. over