NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Nov 21 9:30 AM EST

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To: alchemy who wrote (1557)	11/25/1997 2:18:00 PM
From: MCorbley	Read Replies (1) of 4736

The CEO of Cabot Oil and Gas (COG) was briefly on CNBC this morning. They're primarily a gas company now. The company has apparently had excellent earnings in the past year and the CEO attributed that to the fact that they increased their success rate to 90%. That is, 90% of the wells had something and 10% were dry holes. He attributed the success rate to the use of new search technologies including 3D-seismic and other technologies. He said that this has allowed them to go back to locations which the big companies gave up on years ago and make new, productive finds. So it would appear that a new technology for locating these resources really can be the key to profitability. MC

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