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Gold/Mining/Energy : 25,740' WINFIELD RANCH JV PARTNERS -- Ignore unavailable to you. Want to Upgrade?

To: LowtherAcademy who wrote (837)	3/4/1999 2:08:00 PM
From: whisky	Read Replies (2) \| Respond to of 1326

Lew, now that we know we have a winner with a huge zone awaiting for us. What is the possibility of the jv's securing some additional financing once the zones from this well are in production. Putting it into perspective, say we produce 10 mmcf/day. Cash flow is still very impressive and should easily pay the carrying costs of drilling another well. The loan will be paid out in the first couple of months of production from the new hole. Hell, the revenues from this first well will easily provide the cash flow to pay for the next well even by itself. We don't even need financing. We don't even need the insurance settlement to begin with, considering the cash flow generated from 10 mmcf/day. This puppy is one of the best buys going. If someone said to you "hey would you like to buy shares today of a company at 10-20 cents that is producing 10 mmcf/day today, that 1 year down the line will be producing upwards of 35 mmcf/day" I can't think of a better buy. The market will wake up very soon, is my prediction.