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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Miller Houghton who wrote (675)5/16/1997 10:16:00 AM
From: Buzz Mills   of 1017
 
Hi Miller,

Based on >>>>>"If the truth were known, nothing positive has occured in the Cotton Valley play for several months". He was refering to the
wells drilled to the north of them<<<<<< apparently the final report on the Rachui, which hasn't been posted publicly as far as I know, isn't good. With regards to the other well to the north of CWEI, the Marathon George Savell hasn't yet reached depth; at last report on 04/22/97 they were drilling at 13,800 feet with a planned depth of 17,000 feet. Next week I was going to Email Marathon again and find out how deep they are now.

03/19/97 11,200 feet
04/22/97 13,800 feet
05/20/97 ????

Thanks for keeping your ear to the ground. I agree that we need some good news to get the stock price really moving.

Buzz
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