moving, page-8

re: moving down ! I agree, it's a good move.

After what Kennedy did with PCL, I would like to see him reduce his holding even more. We don't want any of his over priced assets in NWE.

Further more, his large share holding prevents any preditory interest in NWE where we could benefit from a take over offer.

Yesterdays announcement about Magnolia has gone over most heads.

NWE pay 1 % of the costs of this well (about $25k) but receive about 10 % of potentially 100mbls if discovered. This oil is worth $200m in the ground or better than $1.00 per NWE share. NWE give this well a in 4 risk factor. IE a 1 in 4 chance ay $1.00 or worth 25 cents now.

What a deal. No risk, large possible reward.

Then there's The Appalachian's and the North Sea.

Rather undervalued ATM.