High Plains Gas, Inc.(fka HPGS)

[highline]

I've "frac'd" some of those wells when Marathon owned them. Keep in mind that the coal bed methane competes with gas that is of higher quality and quantity.

Have a friend who was on well this last week in ND. 400-500 barrels oil a day with an mcf of high quality gas per barrel. It is a well that typically runs $700,000+ to complete.

I know for a fact that many good wells are closed in in the Powder River Basin due to the gas price being at or below the cost of production.

With coal, do not forget about coal gasification. The technology is evolving to where that is becoming more and more feasible all the time. It's also a very clean process.

Also with coal, keep in mind that it being "dirty" is more myth than reality. In the new coal fired power plants, there is very little emission (relatively speaking) issues UNLESS an unscheduled shut down occurs.

Also keep in mind that most quality energy plays do not go public in the beginning. Legit energy plays do not have much trouble attracting private investors when there is profit to be made. Many private companies own larger fields than that of HPGS.

IF HPGS is legit- they should offer a dividend to shareholders along with quarterly profit reports. Do that and the price will rise IMO.

Off to the Elk Basin area of Wyoming to look at a couple wells and compressor issue. GL