| An SI Board Since April 1999 |
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KTE |
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Kintail has experienced tremendous sucess since commencing operations in late 1997. The company exited 1998 with production of 6.7 mmcfe/d and annualized cash flow of 2.4 million. based on estimated 1999 average production rates of 8.5 - 10.4 mmcfe/d, managment forcasts that the company will achieve cash flow of 2.7 - 3.6 millin or $0.24 - $0.36 per share for the year. I heard that KTE will be doing alot of drilling this spring After break-up and as the price of NG keeps rising and new pipelines going to the south. This small unknown and agressive company looks like it has great growth potential both in the short and long term. with only 14,407,105 million shares fully diluted and revenues of $1,266,044 in the first year just goes to show how well of a job that this management is capable of doing. I expect a lot of exciting news from this company in the future.
Good luck
Stephen Joy
joysc@telusplanet.net
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