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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: JungleInvestor who wrote (44102)5/7/1999 1:39:00 AM
From: upanddown  Read Replies (1) | Respond to of 95453
 
JI

Looks like PZE going ahead with the coal bed methane gas play in NM. They think it might double their gas reserves. Lots of drilling activity planned. Might help the rig utilization rate also.<g>
Interesting detail about the 1997 hostile offer from UPR. $84 for the whole shabang and since PZL is $13 and PZE is $14, sounds like the offer for the PZE properties was close to $40. Pate promises to get shareholder value of $84 for both companies before he retires. Got to be some long-term holders really angry with this guy. Must have been some lawsuits with current price at 32% of the takeout offer.
biz.yahoo.com

John