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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: Jim Rathmann who wrote (909)10/29/1997 10:22:00 AM
From: Buzz Mills  Read Replies (1) of 1017
 
Good Morning Jim,

The production gains are indeed impressive. With oil and natural gas prices up well over the third quarter levels, this quarter should be substantially better for CWEI.

The Mamau news would not be considered good--think we were all hopeful that this would be a 40 Mcf well.

I haven't heard anything further regarding drilling to the north of CWEI. Broughton-Zackson was performing a 3-D seismic survey, looking for pinnacle reef well indications. Hopefully, there will be some news out on it, as well as CWEI's 3-D soon.

Regards,
Buzz
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