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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Frank who wrote (40771)	3/24/2005 8:51:57 PM
From: Ed Ajootian	Read Replies (1) of 206223

Frank, more anecdotal fuel for the fire (pun intended!!). One company that I have made some drilling investments with has an offset well that they were planning to drill in the Fall, but Patterson (the company that they like to do business with) told them that unless they locked it in now they would have to pay another $1M for the well (instead of $6M total cost it would be $7M). The guy then started calling around to see what other alternatives were available, and found out that the lines were so long waiting for rigs that if he got in a new line now the well would not get drilled until next year.

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