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

To: Harry who wrote (454)	4/18/1999 4:09:00 PM
From: LowtherAcademy	Read Replies (1) \| Respond to of 571

Harry, You remind me of the UBoat crew listening to the drip drip drip of water after a depth charging. As Harry sezs: " Hell that's the best way to get as many facts as possible allright,by doing one's own dd.!!" I have to tell you that the info you posted was not the same as what I believe to be true. Be that as it may, if you only believe that Adda's path lies along the Winfield ranch, it might be a long haul. However, I suggest that you give it a little time-- at least till the end of April. Regards, Lew

To: Harry who wrote (454)	4/19/1999 1:17:00 AM
From: Don Richards	Read Replies (1) \| Respond to of 571

Harry,re:<<I wonder if Dev/Atoka results will have any impact on Adda's share price?>>Well,positive economic results sure won't hurt it!!Poor results will probably have very little effect because they are very small participants. Just by doing a little math and using estimates will at least give you something to look for!! As an eg.-I had said i used 10mmscfd.Well,that was just to be liberal!-if the actual results show 1/2 of that,it's gonna take 2x as long! It is impossible to know what anything is worth until we get some actual production data,the contract price of the salesgas and the total testing,completion,surface equip, and salesline costs and who knows what else!But at least by estimating all of these,you'll have some numbers to look at!!Then when we get some real figures,you can see how close you were!-Actually,I find it kind of fun to play around with numbers like that! That's what I meant about the DD.And a lot of that is a lot like this-a bunch of guesswork!! Nevertheless,what it boils down to is that it's a good thing Adda is not relying solely on Winfield at this point,as LEW has mentioned before. Have a good one Harry,..chat later...