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Gold/Mining/Energy : Goodrich Petroleum Corporation (GDP-NYSE)

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To: William JH who wrote (7)10/19/1997 3:07:00 PM
From: richard badauskas   of 12
 
GDP will senf you a copy with their investor package. Report has a goal price of $1.00 in 1997 and $1.75 in 1998. This does not take into account the last well and if we "guesstimate" a possible 10 million boe at 50% interest 5M x $10 = $50M or around $1.20 per share, we have only moved about 30 cents and we have all of the other wells coming up.If the well flow test comes up a strong gusher we should get a decent amount of speculation. The turnover went very quite on Friday with a bid ask spread of $1.00-$1 1/8
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