1. Packet 100-100,000

2. Don’t be confused about being a candidate.

Gene Miller now a Mesa stockholder

Evolution-Gunslinger-RT-Stockholder-advocate-dropped out

I. I’m glad to be here today.

A. I’ll just give you a quick overview of where things currently stand for Mesa.

B. Socal’s $80-a-share bid.

           1. $13.2 billion into the economy.

           2. $6.5 billion to shareholders in profit.

           3. $2 billion in taxes.

II. Legislation.

A. Sidetracked.

B. Was against the industry, shareholders and the free enterprise system.

III. FTC

A. Plenty of laws on the books to handle any anti-trust problems.

IV. Where is the industry going?

A. Big changes ahead.

B. More mergers, acquisitions and use of other restructuring tools like the royalty trust.

Points to remember

—42 million stockholders

—Shareholders are the cornerstone of the free enterprise system.

—Independents drill 80% of the wells. —Independents would fill any drilling vacuum that might occur.

—$13.2 billion to economy
          $6.5 billion in profit
          $2 billion in taxes

—Citibank’s Leif Olsen said $30 trillion in equity transactions in 1983.