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Gold/Mining/Energy : Fortune Petroleum (FPX)

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To: Joseph T. Worley who wrote (118)	10/22/1997 12:19:00 PM
From: cmg	Read Replies (1) of 275

spoke with jc today......ty and jc went down to florida and were able to present to the National Association of Petroleum Analyst conference ........Good job fellas..........Swing 3 is at about 7100ft and going to 13400......La rosa should start drilling by the first of November..and should take anywhere from 15 to 30 days to complete....remember the initial wells at La Rosa are going to be shallow.....also my understanding is that the RIG is at La Rosa now........and will stay at La Rosa for the time being drilling well after well after well! 1998 is the kicker ........planned wells to be drilled at Espirit--12 and another 12 at La Rosa..........this doesnt include Boyou Sorrell either! Looks like Cowan, Painewebber and Roche Pierce have been buying........ So by my simple calculations Fpx should start to have press releases in November about 1 to 2 a month.......with 24 wells slated for 1998, there should be plenty for JC to write about!......good luck to all.......Ive been waiting for a sell off to the 2.5 level to accumulate somemore but fpx just keeps going and going...... all information is IMO...IN MY OPINION.....do your own research and call the company cmg

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