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Re: TechKim post# 71

Sunday, 02/13/2005 12:34:50 PM

Sunday, February 13, 2005 12:34:50 PM

Post# of 459
I hope you are right about having 12% interest in wells after intial 4, but I am not sure and I will call the company to clarify. When I talked to them early last week, the new partners were now thinking more of drilling 1 offset well rather than recompleting the original 4, and we would get 40% of our initial 30% (12%) and we would have to pay our share for additional wells (we have the option to buyin after completions, but no carry but also no risk). Personally, I prefer your scenerio as I have been increasing my position. With all the potential good news I hope the street will recognize the value soon.



My picks are my own and many times wrong, generally looking 3-6 months out

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