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: Gerald Atwater who wrote (4093)	5/1/1999 11:21:00 AM
From: Farmer	Respond to of 4851

A quick question to all. Can someone tell em if "Deacon" is a U.S. based brokerage firm? I own shares in a company that Deacon has been heavy on the buy side and want to find out if the buying is coming form the U.S. Regards, Farmer

To: Gerald Atwater who wrote (4093)	5/1/1999 11:22:00 AM
From: Traveling Man	Read Replies (1) \| Respond to of 4851

Gerald, Concerning your question of "choking" down on the outflow of gas to preserve pressure and thus increase the ultimate amount of gas recovered, the answer is YES. It is state law that a certain "choke" must be applied to all gas wells. Each state has it's own procedures. The state's interest is simply royalty revenue. They want all the royalties that the earth has to deliver and they don't want private interests making big upfront payments,but ultimately making lots less payments totally. Just for the record, I believe the initial flowrates we have seen on UP news releases were with the "chokes" in place. IF UP ends the day with lots of wells leveling out at 1MMCF or more after payback,they'll be OK. TM