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

To: Richard Mazzarella who wrote (837)	5/30/1999 10:10:00 AM
From: R F B, Jr.	Respond to of 934

Richard: Sounds like sour grapes to me. HEC used them to spread the risk and when goodies found they were bought out. They entered into the deal because they had no other choice if they wanted into the colombian play. RFB

To: Richard Mazzarella who wrote (837)	5/31/1999 11:58:00 AM
From: Ron Struthers	Read Replies (1) \| Respond to of 934

Richard, haven't looked at my proxy, no doubt is one of the large envelopes that came in the mail, will have a look tonite. HEC trades pretty active so shouldn't be a problem selling those shares. Sounds to me like a little displeasure that ROH got all HEC paper and little cash. I was expecting a cash component, it is quite normal, but I guess the oil market hasn't been all that normal in the past year. HEC must want to preserve their cash, wonder what HECs concerns are with their own stock, knowing the outcome of this deal would result in. According to what press I seen, it appears the situation in Columbia with the rebles is deteriorating. I would sooner see ROH elsewhere Ron