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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH) -- Ignore unavailable to you. Want to Upgrade?

To: Casey who wrote (828)	5/8/1999 6:50:00 PM
From: Ed Ajootian	Respond to of 934

Casey, Just to clarify one thing: the $.50 conversion rate mentioned in the release is now $1.50 due to a 1:3 rollback they did after those notes were issued. Cash is king in the O&G business, and anyone sitting on a war chest as large as ROH's is right now, is in the catbird seat if they know what they are doing. And it sure sounds as if Trickett knows what he is doing. He can get into some sweetheart deals where he gets a 12-month payback and 3:1 return on low-risk development drilling, and then ROH will be off to the races. These kinds of opportunities are plentiful now because so many O&G companies are broke.