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

To: LowtherAcademy who wrote (981)	3/25/1999 6:08:00 PM
From: Diamond Daze	Respond to of 1326

Lew, I hope there is a offer that is acceptable to the partner ship. I have heard some rumors that I did not like one bit....and of course called a company the minute I read it....I was assured that the senario was not going to happen, but I do not know wether to believe them or not (they could get out voted). I was told lease property payments were made and we are paid up till 2002....and it would be 6 months at least for discovery to occur....Now like all attorneys why would they settle now when they can milk this for another six months and still convince Weatherford they are heros. Never seen them do it before....friggin parasites anyway.....DD

To: LowtherAcademy who wrote (981)	3/25/1999 9:53:00 PM
From: Don Richards	Read Replies (2) \| Respond to of 1326

Lew. I also wondered about a couple of volumes y'day.JED's 100k with only 1 trade,and price up by 2cents.Also TNP.U doing 484k.That is really hi volume for them,but the price went down for theirs. It made me think there could very well be a lot of po'd former Profco shareholders,as that price was near .60 and higher when the merger occurred.Seems strange their price is so low since they are producing quite a lot of oil now esp.in the light of recently improving oil prices. Was watching for hi volumes again today but never seen much of that. <<<A small chance we will have another counter offer within the next two weeks>>>Question:Do you mean we have received at least one offer already?? If so,any details?-I sure hope our side is not too greedy!IMOO,I don't know of any faster or better way to generate cashflow for these jv's who really need it than to be receiving it from salesgas from this well (if it's as good as they seem to think it is).Neither do I know what would compare to the cashflow they would get from salesgas,providing it is a real good well.Waiting for a sum of ins.money that they may or may not get sure doesn't compare (to my way of thinking!) Personally,I'd be glad just to see them get enough to cover the costs of a whipstock and get back to work!-I'd even be glad to see them take a loss just to get the well completed,tested,and online.That would seem the most logical thing to do.Also the most important.-BWTHDIK- Regards,LP