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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: RonN who wrote (760)7/17/1997 3:38:00 PM
From: Buzz Mills   of 1017
 
Ron,

Oil is up more than a dollar over the past two days (0.68 yesterday and 0.33 at the momment). No news will be released on the 3-D survey prior to completion and then the only news may be--CWEI has decided to/not to drill for a pinnacle reef well---the agreement not to announce preliminary news on the 3-D survey is between CWEI and the surrounding companies. Chesapeake--not that there is any relationship to CWEI--is up almost a point today (more than 10%).

Buzz
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