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 (865)	9/19/1997 6:31:00 PM
From: Buzz Mills	of 1017

Patrick, The Mamau well has the potential (much like a pinnacle reef well) to be 80 Mcf. To put that in perspective, it could essentially double the size of the bottom line for the company. This is all about the speculation of a gusher (gas). Investors are betting that between the Mamau, and the possibilities of pinnacle reef wells, that CWEI has a chance of hitting it. We have learned to ignore the trailing earnings and the PE--it hasn't really meant anything in the past as we found out. It is all about future potential, and CWEI has a good chance at that. It will be interesting to see how far this will run up. Earliest news will be mid-November--they are drilling to 17K feet==I thought it would take longer to drill that deep--must be soft earth--Lajuanda keeps saying two months. Buzz

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