Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (517)	3/21/1997 2:41:00 AM
From: Miller Houghton	of 1017

Buzz, I heard today from a "good source" in Midland, that the Zackson Rachui well may be weak. Heard they are bringing in a completion rig but that the reefing they encountered was not as strong as hoped for and the shows were somewhat weak but that it will make a well, they just don't know that it will or won't be commercial. Commercial would imply that it will pay out expenses and then make some doe on top. Thanks for your good wishes by e-mail. We probabley wont spud our well til late April, assuming we can get a rig. Hope you will watch for isider buying on CWEI around the late second qtr and third qtr as they will have some indication as to how the 3D looks by then. Thanks, Miller

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