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Gold/Mining/Energy : C.DOY Doreal Energy Corp.

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To: Nikole Wollerstein who wrote (31)2/28/1998 11:35:00 PM
From: Arktic  Read Replies (1) of 133
 
Interesting to watch the stock price... I have seen wells with nice logs that don't produce on testing. The probability for success with a rank wildcat well is very low, but it it is a success, this stock could fly through the roof. I never bought any shares but have friends who own and am watching with great anticipation. I wish all stockholders the best with this one. Of course, the Columbian play will help take the sting out of a dry hole in Portugal (assuming bad news) and will be icing on the cake if the Portugal well is a success. There is an article about the Portugal well in the Oil and Gas Journal. A lot of thought and research went into developing the prospect. But it is still a wildcat prospect which gives it huge upside potential but a low probability of success predicated upon baserate analysis.

Paul L. Craig
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