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MTEI "MOUNTAIN ENERGY GENERAL OVERVIEW" from Tod C Corporate Information Ticker Symbol: MTEI (OTCBB) Mountain Energy Inc. 7700 San Felipe, Suite 480 Houston, Texas 77063 (713) 334-4111 Jack Uselton -- Chairman and Chief Executive Officer R. David White -- Vice-President, Director and General Counsel Winston Overstreet -- Vice-President of Operations Quentin Moore -- Vice-President of Exploration Management team has more than 200+ years of experience. Investor Relations contact George Guttman, 212/293-9034 or 718/951-0260 =============================================================== Brief Summary Mountain Energy Inc. is in the business of acquiring primary producing reserves along with the development and production of passed over developed domestic oil and gas reserves utilizing modern technology to find and enhance production. Mountain currently owns 30 separate properties in West Virginia with approximately 1,300 acres owned in fee and an additional 1,300 acres of mineral rights. Reserve estimates by the U.S. Geological Survey (''U.S.G.S.'') indicate in excess 10,000,000 tons bituminous coal. This low sulfur, low ash content, high BTU, clean burning currently sells for $25-$28 per ton. With cost of mining and transportation estimated at $11-$15 per ton, this will show a $10 per ton conservative net profit, (representing maximum cost to mine and minimum selling price), providing net asset value in excess of $100,000,000, with a potential of $170,000,000. The U.S.G.S. estimates also indicate in excess of 2 billion cubic feet of coal methane gas. This gas currently sells in excess of $3.00/MCF 1000 cubic feet. In most cases this gas is subject to an alternate fuel tax credit in excess of $3 MCF, for an estimated value of $5/MCF valued at $10,000,000. This translates to approximately $2.85 per share. History indicates that U.S.G.S. estimates usually represent 25 percent to 40 percent of actual minerals in place. Mountain Energy has received acceptance on its purchase offer to acquire an additional 8,000 acres of mineral reserves in Lincoln and Raleigh counties in West Virginia. (Use the numbers from the preceding paragraph to extrapolate the value of 8000 West Virginia acres.) =============================================================== SHARE INFORMATION TOTAL SHARES AUTHORIZED: 70 Million RESTRICTED SHARES: 50 Million SHARES OUTSTANDING: Apx 20 Million SHARES IN THE FLOAT: Apx 14 Million =============================================================== DD summary Message 4810635 Mountain Energy Info Thread - Nice summary in header Subject 21194 Recent Press Releases 06/08/98 Message 4780025 05/29/98 Message 4623154 05/21/98 Message 4814082 Old ICVI Thread (ME acquired ICVI through a reverse merger) techstocks.com =============================================================== OTC:BB Exchange Info: otcbb.com NASDAQ & AMEX LISTING INFO: This site lists the requirements for NASDAQ Small Cap Listing: nasdaq.com This site lists the requirements for AMEX Listing: amex.com =============================================================== PLEASE NOTE: I am NOT associated with this company in any way. I am an individual investor with my own opinions. I don't give advice. Questions should be directed to the appropriate source, many of which are listed above. Everyone is urged to do their own research before investing in anything. Have a Prosperous Day, Tod | ||||||||||||||
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