SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Fortune Petroleum (FPX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TD who wrote (99)9/9/1997 8:32:00 PM
From: Joseph T. Worley   of 275
 
TD and CMG,

Based on what the 3 of us have been told, it sounds like we have identified at least four wells that will begin in 1997.

I think our info on Sorrell is in synch. We know they will spud one well in about ten days. I'm pretty confident they will spud a second well there in 1997 as I explained in my earlier post. John was very clear about their plans to use the same rig for the second well as soon as the first was complete. Of course, the timetable for the second could slip into 1998 if they experience some delays in completing the first well or if they experience some (I hate to even think it) unexpected results.

Our info on LaRosa is not in synch. I was told four wells before the end of the year and CMG was told two. Four sounds a little hard to believe considering that we are almost at mid-September already. But I think these are shallow targets that won't take the usual 40-45 days so maybe they can start three or four in 1997.

You guys didn't comment on Santo Bay. I'm sure John said they had plans to spud a well there before the end of the year.

Anyway, sounds like a lot of drilling will occur over the next 3 or 4 months. If they can start out with a hit on the next Sorrell well we'll finally see some action on this stock.

Talk to you soon,

Joe
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News