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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: Taylor Mill who wrote (947)1/13/1998 12:45:00 PM
From: RonN   of 1017
 
Gee, and I thought...but... well...

I agree with you that this is not the total picture in determining the success of failure of the 3-d survey but I hardly think this is a "non-event". I also do not agree that this was an insignificant release. My understanding of what CWEI was hoping for was a couple of potential reef findings. With the finding of a significant number more than that, the odds of 2-3 being productive is better than previously believed. And, even though the sector is lacking buy volume, I believe CWEI is experiencing larger volumes than normal.

I really appreciate your insight into this. It's good to see some names and "opinions" on the message board recently. The more the better and the better we'll be for it.

(Of course, my expectations are always higher than they should be. I expect ALL my decisions to produce results and I strive to stay informed to that end. Otherwise I would be simply throwing my money AT something rather than IN to a potential opportunity. That's the nature of my investing.)

Keep up the conversation,

--RonN
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