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

To: Traveling Man who wrote (4087)	4/29/1999 6:41:00 PM
From: Gerald Atwater	Respond to of 4851

Traveling Man -- (Thanks for your reply to my recent post!) From your post: <<and 192,000 undeveloped acres from MCN.The majority of acres are in the Jonah field.>> The following is from April 22, l999, Business Wire: << A majority of proved reserves and production included in the sale are located in the prolific Jonah Field in Wyoming. Other properties included in this sale are in the Antelope Creek Field in Utah; the Fuller Reservoir Field in Wyoming; and the Hiline and Eland Fields in North Dakota.>> So most of the acreage comes from OUTSIDE Jonah. It is this acreage that is undeveloped and is high risk. Other than that, I, like you, would appreciate someone doing the math to see what Jonah sale might mean to UP. GAtwater