Essex Resource Corporation Up Over 33%! (T.ESX) Message Board

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Gold/Mining/Energy : Essex Resource Corporation Up Over 33%! (T.ESX)

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To: andec who wrote (1389)	11/4/2000 12:10:48 PM
From: Elizabeth Andrews	of 1394

This does look very simple, perhaps too simple. I'm wondering why, after two apparently successful wells that the market cap didn't improve very much. Will the third well really prove anything? If it misses does it mean that there's no reservoir continuity? Hasn't this already been established? Did the production stats published for well 2 justify its development? I'm long a little ESX because its the best leverage in this play. I'm more encouraged that Mr. Lundin has bought a lot of Santa Catalina at these levels. It sports a much higher market cap than ESX for its relative interest.

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