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Gold/Mining/Energy : Mt. West--Best gold/energy combo
MWR 25.790.0%Jul 27 5:00 PM EST
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To: Dale Schwartzenhauer who wrote (16)6/27/1997 3:06:00 AM
From: Dale Schwartzenhauer   of 77
 
Based on today's (6/26) close, we caught up with CWQ in one day, probably owing to the announced expectation of the rig by early next week. MWR remains a major player in Bacon Island with a 30% interest (15% APO) in the 1,000 acre prospect. The target of an initial 10,000 foot well is 100 BCF of natural gas, or about a $200 million gross resource value. This is a great company-builder and will likely lead to similar projects in the western sedimentary basins of the U.S.

Dale
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