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Gold/Mining/Energy : WML Westminster Resources -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (29)3/24/1999 7:40:00 AM
From: Poseidonas  Read Replies (1) | Respond to of 135
 
Richard: My math is hinged on the geologists estimate of up to 16TCF of gas in the reserve. $55 is an amount calculated if all the gas is taken out of the ground (after production expenses).
Realisticly, even if we have 8TCF in the ground, this baby will produce for many years to come even with 30-50 wells in the ground.
In the short term we will not realize $55 but an increase of $10 to $15 is OK with me.



To: Richard Saunders who wrote (29)3/24/1999 10:03:00 AM
From: Poseidonas  Read Replies (2) | Respond to of 135
 
Elandjennings estimates increase in Asset/share
based on only 8TCF may be found at:
(http://www.elandjennings.com/pdf/elh%20summ.pdf)

Summary of this article for potential increase in Asset/Share based on 8TCF taking account certain assumptions and discounts is as follows:

BKP $18.16
WML $22.80
HTP $21.87
PYR $29.04
POU $6.31
ELK $15.52
KOB $9.78
RLP $8.65



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