SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Fortune Petroleum (FPX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jask who wrote (26)5/15/1997 11:52:00 PM
From: Joseph T. Worley   of 275
 
I'm hearing positive things today about the drilling at Bayou Sorrell. I've been told we will probably see a positive announcement late next week with the test results and details of the plans to put the new well on line. I'm told they will have to throttle the new well back to the legal daily flow limit. If this info is correct, the new well will be put into production immediately because it will flow into the existing gathering facilities they are using for the first Sorrell well. That means the new well will begin pumping cash flow very soon. The combination of both Sorrell wells means the company can continue financing their exploration program out of cash flow, although I'm hearing they may attempt to do a private placement at some point in the future. That's all I know right now, take it for whatever it's worth. I think we will know a lot more by late next week. I think my source is reliable, but I'm wondering if anyone can confirm this info ??
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News