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Gold/Mining/Energy : Fortune Petroleum (FPX)

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To: TD who wrote (85)	9/2/1997 8:50:00 PM
From: cmg	of 275

td...no word on johnson rice.....but a source says that the seller was out of smith barney.......boston office.............looks like a long time holder Switched brokers....and the new one seemed to clean house.........close to 300k shares....were needed to be placed...........I understand the selling was near complete friday......I understand a major shareholder picked up quite a few shares and JC picked up a few too.........With the action today I would guess most, if not all the selling is finished...........so a Low of 1.5 should get us to 3 on this next rally before a retracement will be necessary..imo..imo..imo......but first need to get back to 2.25.............. looks like the next well at east boyou sorrell will be spudded toward the end of september....my best guess would be the week of sept 20.......with two smaller wells spudding at La Rosa...................If we have any luck .....this quarter should bring in abourt 900k in revenue with earning maybe a 01cent............but who knows........still have close to a month to go................gotta go......just my opinions on a Speculative OIL/Gas stock..............was Gas up again <g>......cmg

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