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

To: Ed Pakstas who wrote (1041)	4/7/1999 9:20:00 PM
From: Diamond Daze	Respond to of 1326

Well for one I am glad ( I think ) that we are not participating and still retain the Ellensburger and all our rights to the rest of the property....My guess is we have a rift in the partnership on this play....some wanting to put the zones into production and others waiting till Weatherton pays us off....I did and do not like the fact that this well or those zones are to be put into production but....DD

To: Ed Pakstas who wrote (1041)	4/8/1999 5:04:00 AM
From: Don Richards	Read Replies (2) \| Respond to of 1326

Ed-it may be tnp.u as they stated in their nr.on mar.31 that they had acquired some extra interest in the Atoka and Devonian zones.Of course i don't know for sure,but tnp.u and pxm are the only jv's who have put out any news concerning Winfield lately,that I'm aware of. Geepers,they sure are being quiet and secretive about their goings on aren't they? According to the nr.,testing operations are underway right now.But from the behaviour of the jv markets,excluding GCR, this is having nil positive effect whatsoever.I had thought the insiders would have caused at least a small market stir generally,once they started testing these zones.I don't get it. Also,I guess that all the other jv's are still involved in the testing of these 2 zones,being as we don't have any news from anyone else.(at least not yet) Another thing I don't know is whether or not the same percentages apply to these 2 zones as what applied to the ellenberger.I would think the origional play percentages would be for all gas produced from the well.(It seems most likely to me) What I'm getting at is that since they are going ahead with the testing of these 2 zones,I for one hope that the jv's that i'm invested in are holding an interest in any potential production from these zones.If they prove commercial,the share prices should benefit somewhat at least.And from my perspective,that could only help!!..LP