Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Patrick J. Saunders who wrote (855)	9/17/1997 10:48:00 AM
From: Buzz Mills	of 1017

Lajuanda Holder wrote: > > Hi! > No news. Hanifen has a larger buyer looking for stock in the 6 digits. Management, including Mr. Williams, isn't willing to let go of any stock at this price. Isn't it amazing how a little buying pressure can run the price up? (We've seen it work in the reverse also -- a little selling pressure sure can drive the price down!) Mamau should begin drilling today or tomorrow. The rig should have arrived at the location yesterday. I'm sure there will be no further news until the well is completed (about 2 months--and "completed" is correct "oil" terminology). Ed Norwood (geologist) told me this well won't be like the Chalk wells in that a long evaluation period isn't required. They will know how good the well is upon completion (with initial testing).

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