Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: upultra who wrote (4081)	4/28/1999 1:16:00 PM
From: Little Joe	Read Replies (1) \| Respond to of 4851

Who are the persons who are making the comments? Helps a lot when we evualuate the reliability of the comment to know. Live long and prosper, Little joe

To: upultra who wrote (4081)	4/28/1999 5:11:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 4851

Riker, I have heard that the Warbonnet is still in the process of "cleaning up" and real flowtests must wait that process to be completed. I'm personally not aware of a deal yet, I am sure UP is working on that one. Word has it that there was a reasonably high value placed on some Jonah field assets in the recently mentioned transaction,which gives me optimism that UP has a pretty good hand to deal whenever they do find a big time operator/JV partner. When I get more specific info,I'll let you know HOW valuable the deal was in Jonah. TM

To: upultra who wrote (4081)	4/29/1999 3:45:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 4851

All, Here are some specific numbers concerning the recent purchase by Williams gas of some of MCN Energy's Jonah field assets. First of all, MCN receives $106 million(I assume US,it's not noted as Canadian in the article). In return,Williams receives the following assets: 184 billion of proved reserves,in excess of 190 billion CF of low risk in fill reserves for future development drilling,~30 MMCF per day existing production and 192,000 undeveloped acres from MCN.The majority of acres are in the Jonah field. Now, I don't know what UP's proven reserves are,I don't know what the current production is or even their total acreage in the Pinedale anticline. Someone else might want to help here to develop a potential picture of what UP might trade for say $50 million,so they are capitalized for future development. TM