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To: TE who wrote (1084)5/13/1999 5:44:00 PM
From: Tommy Hicks  Respond to of 7056
 
Yep, a lot of nasty little details weren't covered in the PR. The HITT longs should pray that LFT is legit. The disclosure problems concerning Dorian Reed will pale in comparison if it is not.

th



To: TE who wrote (1084)5/13/1999 7:09:00 PM
From: Level Head  Read Replies (1) | Respond to of 7056
 
...that cash flow $1.5 million a month...

I hope that all observed the wording in the press release regarding this. Nothing suggested that the trust enjoyed this cash flow. It is curious that production from oil wells is described as "cash flow" rather than "barrels". The nature of the rights are unspecified, but the message I saw was that these rights are not now active. For example, the wording carefully avoided stating that the Trust had this cash flow. An active field's activity is described by production rate, not by reserves.

Level Head