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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST
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To: RonN who wrote (874)9/23/1997 9:53:00 PM
From: Buzz Mills   of 1017
 
So far they are willing to pay $17 for CWEI--early this morning there was some selling at 16 3/4 and 16 5/8, before the late buying came in. If drilling the Mamau takes two months, we should know about its status in the third week of November, unless CWEI gives us an in-progress status report for each of the three formations; then we could hear earlier. I have been thinking that we would hear the results on the seismic, in conjunction with the release of the third quarter earnings in late October, early November.
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