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Gold/Mining/Energy : Ultra Petroleum (UPL) -- Ignore unavailable to you. Want to Upgrade?

To: Darwyn Petras who wrote (4044)	4/8/1999 3:00:00 PM
From: Gerald Atwater	Read Replies (1) \| Respond to of 4851

Darwyn -- <<It would really be a shame to get taken out by someone at these levels and a bargain for anyone looking at an acquisition for the land holdings alone.>> Why I am willing to average down on this stock. No risk in the commodity. The risk is with the company. At at current share price, I think, little risk there with what it controls. Good and reasoned points you make. Would love to see a U.S. listing! And a partial sale of some GRB property would probably create enough interest to raise share price above threshhold for listing. And a sale apparently would have no impact on value of the lease. There also is some talk of working with Schlumberger, which can maybe drill smaller hole (thus smaller diameter pipe) and faster, cheaper fracs. Supposedly save a million to a million and a half over Halliburton per well. I would love to see more posts on the points you've made. Something positive (even if negative) compared to some recent posts. Thanks. Gerry Atwater