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: Tommaso who wrote (77832)	11/3/2000 3:21:46 PM
From: JungleInvestor	Read Replies (2) of 95453

Yesterday SEV was a dot com for the day - up 40.9% (1 1/8 points) on very high volume for SEV. It's given back 3/8 so far today on heavy volume. Lot's of potential for a nice future short squeeze with over 2 million shares short out of a float of 27 million. Following post from Yahoo SEV thread talks of potential reserves for the shallow Guaduas field. The deep subthrust also has potential for mucho bbls. Train is leaving the station for this one. Freddy .... by: oilperson (55/M/London) 11/3/00 2:45 pm Msg: 15314 of 15316 >>>>My geologist said it would increase reserves but not materially<<<< Oilperson is not looking for a reserve increase, but simply the reinstatement of reserves previously cut after SEV bothched wells 6 thru 10. You have to remember that Ryder gave the field 2.15 billion bbls. PPP prior to the botched wells. The successful completion of E.S. #6E will add a few of those bbls. back to the original picture. How much? Yearend is right around the corner, so we won't have long to wait to get the Ryder Scott verdict. BTW, who are these geologists you rely on, and what is their specialty? Oilperson ;-)

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