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

To: Gerald Atwater who wrote (4100)	5/2/1999 10:36:00 PM
From: TOM	Read Replies (1) \| Respond to of 4851

HI: Nice debate that could easily be resolved by calling the company, unless the reasons are that the posters want to compete in the "I know better than you type debates...the real issues is whether UP will get back up to its previous price of $9.15 where I was holding it & listening to the so called "expert" newsletter writers predicting a $20 price in the near future. I would invest in a new dye for ladies' panties if I thought it would be a sucessful stock. Which means, tech. arguments aside, what is going on with UP now? Tom

To: Gerald Atwater who wrote (4100)	5/3/1999 10:22:00 AM
From: ISPYOIL	Read Replies (1) \| Respond to of 4851

Transient gas flow, the Lance formation is so low in permeability but so thick that the steady state flow is never reached at least on the spacing planned, ie the pressure wave never reaches the edge of the "reservoir limit" at 40 or 80 acres. The point that I make is the higher the initial rate the better as the economic reserves are increased. Essentially except for sizing problem, chokes are NOT a factor. A recent completion by Amoco gives belief that even better and cheaper fracturing and completion techniques are almost certain. The problems that are technical at Pinedale will be overcome eventually.