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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: Ronald J. Clark who wrote (34)5/23/1997 8:41:00 AM
From: Joseph T. Worley   of 275
 
Ron, Thanks for the note.

Let me see if I understand this correctly. The drilling to the target depth has been accomplished. A couple of pay zones have been encountered during the drilling activity. Logs of the pay zones have already been taken and the results of the logs indicate this is a commercially viable well. Now they bring in the completion rig to tap into the pay zones and complete the well. Is this a fairly accurate summary of where we are at with this thing ?

How much risk is involved in the completion step ? In other words, is it possible you can have a situation where the logs indicate a commercially viable well and then you end up losing the whole thing because of technical problems completing the well ?

Thanks for your help.

Joe Worley
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