Fortune Petroleum (FPX) Message Board

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Gold/Mining/Energy : Fortune Petroleum (FPX)

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To: cmg who wrote (88)	9/3/1997 6:05:00 PM
From: TD	of 275

cmg thanks for the clarification, see it in several threads and obviously not correct. I will give John a call Thursday or Friday if I learn anything I'll post it. By the way I spoke with Evert Titus again recently, he is down on FPX currently but said things looked good for 1998. I asked him if my analysis of EBS was correct, that is all 6-8 wells pumping at the state max allowable. He said .60-.80 per share to fortune so at sixty cents cash flow and stock at 8 times cash flow share price could get to 4 1/2? Comment please? Until later TD

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