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Gold/Mining/Energy : PEL - Purcell Energy -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (47)	4/20/1999 6:27:00 PM
From: Moneysmith	Read Replies (1) \| Respond to of 165

Berkley,which has 21% moved from $11.80 to $12.20 on the news... This took about 10 minutes...let us wait until tomorrow..PEL should open well above $2.00 maybe $3 IMO

To: Salt'n'Peppa who wrote (47)	4/20/1999 6:56:00 PM
From: Don Richards	Respond to of 165

Rick,-this from the Purcell website homepage,and under "what's new" Apr.07/99.bottom of first paragraph.<<<Purcell is effectively carried for a 24% interest in the first well and thereafter will participate for it's share of further drilling, facilities,and pipeline costs>>> However,with cost sharing of the jv'ers in this well,plus with the cost sharing of the whole producers group in the area to bring in a main gathering line,it would seem that PEL costs should be very reasonable. The greatest news is the size of this well!!WOW!!