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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: TD who wrote (113)10/3/1997 11:16:00 AM
From: cmg   of 275
 
TD........spoke with JC again today......had somemore questions........the negative is that I believed we would do 900k in revenue for the quarter and maybe a penny in profit.....but one of the wells that was drilled in june ..has caught a cold and is only producing half as much as I expected........that well at EB was a double home run last time and it turns out tobe just a single home run...not bad just a little disappointed!.........The other problem is that the 3D shoot for espirit was costly and will be written off in the quarter.........I was told it was 1.7 million but only 1 million will be written off this quarter...........ugh.........Now the new well which was suppose tobe spudded on the 20 then 29 will spud Sunday October 5.......JC sounded pretty sure this time..........La Rosa still looks great and a well is suppose tobe spudded October 15.....with oil and gas up......fpx should slowly start to rise to 3 by the end of the year......gotta go..cmg
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