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Gold/Mining/Energy : AOW, Arrowhead Mineral Corp -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (86)	5/13/1999 4:24:00 PM
From: Traveling Man	Respond to of 193

Mike, AOW completed 5 more fracs at the Warbonnet wellbore and had an intitial flow of ~3-5 mmcf. After 20 days it had fallen to 2-3 mmcf. Let's hope it stabilizes soon. CEO Laird believes it's a big plus for AOW and believes they will have positive cash flow in at least the 2000 fiscal year. It's a long haul for AOW,but I can see the light at the end of the tunnel. BTW,they have 2-3 more fracs to complete on this well and they have done what's necessary to earn 40 more wells in Warbonnet. Also, Schlumberger did the work at 1/2 price of what Halliburton was doing and apparently CEO Laird is pleased with their quality. Looking a little up now. TM