Strictly: Drilling and oil-field services Message Board

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

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To: chowder who wrote (72075)	8/31/2000 11:27:09 AM
From: isopatch	Read Replies (1) of 95453

Speaking of oil? GRL IR just email this to a friend of mine. "We are just finishing up the drilling, logging and evaluation of this 10,000 ft. test. Results of the well should be announced next week." This is the first of several "high impact" offshore Indonesia exploratory wells for GRL. And what interested my was the disclosure several weeks ago that they carried the whole tab themselves, NO partners were let in on this one. For a relatively conservative mid-cap with a 40 yr history in that region this tells me mgt thinks they are sitting on a monster discovery. If they are right am expecting partners will only come in to develop the field on terms far more favorable to GRL than if they'd come on board to drill this 1st well. Anyway we'll know in the next week or 2. Here is todays stock action: siliconinvestor.com Gentleman place your bets<g>. Isopatch

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