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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (51719)9/23/1999 3:46:00 PM
From: ChanceIs  Read Replies (1) of 95453
 
Got my EEX... Consider the recent hole was a bust. Look at the cost of the last hole $19M written off in Q2 and $8M to be written off in Q3. All other things being equal, then this hole and the other would cost a total of $35M ($27M + $8M) this quarter or almost $1/share. EEX has dropped $1.625 since Tuesday. Book still around $7. Cash still around $3/share.

PS Good company presentation from Houston Energy Conference:

media.corporate-ir.net
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