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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (81)	4/19/1999 9:50:00 AM
From: Rod Copeland	Read Replies (2) \| Respond to of 350

Ed, We are in the process of putting five wells back into production as I write to you. It is going to take some time to crank them all back up as it will cost about $2,000 per well to start them up again. As of Friday, our posted price for crude was $14.75/bbl. That is the highest it has been in almost a year. The increase in price has helped me in funding my drilling prospect, which has been sitting on the back burner for a year. Right now, there is a lot of positive talk of $20 oil in the next six months. So the time is ripe for a drilling deal. Costs are very low. I know I have asked you before, but if you hear or know of anyone that would consider participating I would be happy to send them the information. You know the tax advantages, and this prospect is of relative low risk. We are drilling in the middle of an oilfield. Hope this finds you doing well. Once I get this prospect funded, I should be able to breathe again. Its been one heck of a year. Thanks for the note. It is always good to hear from you. Best Regards, Rod.