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Gold/Mining/Energy : The Oil & Gas Elephant Hunt

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To: Brinks who wrote (119)11/23/2006 6:37:12 PM
From: Bread Upon The Water  Read Replies (2) of 310
 
Brinks, I believe the Delta CEO only confirmed that the geologic play was as Shell's previous studies showed. Such plays ARE associated with gas.

They are awaiting the test results to see IF in fact there is gas and IF there is than HOW much is there.

If the find is far short of expectations (estimates) you cite look for a sharp correction in the stock price with a gradual build up again in price as other wells come close to confirmation.

Bill
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