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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: SEUDE who wrote (184)	9/20/1997 2:52:00 AM
From: Mason Barge	of 297

DARN! Do you have any idea what any of the following things mean? 1) The combined flow rate was from five separate zones containing an estimated 266 feet of net pay. 2)The C-4 discovery well, which was drilled on the ``C'' segment of the block in Bohai Bay, People's Republic of China, has indicated potential production in a total of 11 zones. Test results of the remaining six zones in the upper half of the gross interval are expected over the next 30 days. 3) It is the first well in this area to test oil from Mesozoic-age sediments. Three production tests were run in the Mesozoic section between 6,950 feet and 7,620 feet, yielding an aggregate flow rate of 2,264 barrels of oil per day. API gravity ranged from 34 degrees to 38 degrees. I'm not quoting any more. This jargon-spiel has me thinking of that gold company in Indonesia, can't quite call the name. Have these people found oil? Personally, I prefer my oil from the Creataceous-age sediments (LOL).

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