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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: VIP Condo who wrote (199)1/18/1999 4:46:00 PM
From: Francis R. Biscan Jr.  Read Replies (1) | Respond to of 355
 
Good afternoon,

>>I don't mean to be a stick in the mud - but is this not short by 80% of their original projections of the methane reserves - a vaguely remember trillions of cubic feet being bantered about. Or has it been so long that everyone has forgotten.<<

I don't remember anyone ever talking about expecting trillions from this report, but maybe it was before my time or I simply can't remember. I do think that the property is likely to host better than 1TCF, since it is only 10% of the land area that was covered with the 20 holes.

I will say, I was expecting more also. I was looking for them to meet MidCon's estimations of 0.5 TCF.

I am also, certainly not impressed with MidCon to date.

Rich