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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 12.40-1.2%Dec 26 9:30 AM EST

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To: bill who wrote (315)3/21/1998 12:23:00 PM
From: floj  Read Replies (2) of 1288
 
Hi bill:
Regarding time frame for the deep well drilling, this is the reply rec'd last Nov: "In the Mississippi Salt Basin, and specifically at Pelahatchie Field, a 17,000 ft well takes about 60-75 days of actual drilling time. Mobilization - building an all weather location, moving this large of a rig in and out, takes another 3-4 weeks."

As for the technical formation so far its coming along beautifully. The correct name for it is a pennant and as mentioned, resembles a small compact triangle, lasts no more than three weeks and the volume has to dry up significantly as it is being formed to almost nothing before it is completed. It appears WT is fitting the description perfectly and this is the week we should expect the break out, should prove to be another interesting week.

Flo J
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