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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 58.53

+5.2%

Nov 5 3:59 PM EST

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To: Michael M. Cubrilo who wrote (265)	4/29/1998 1:25:00 PM
From: Keith Utz	Read Replies (2) of 486

Michael, althou not an expert in the oil drilling business I disagree with your statement<<So, yes, the 10% number includes all the above.>>. I do know something about logic and numbers so I know if the chance of hitting is 10% before the well is spudded than the odds have improved when there are encouraging log shows, deep casing run ect. Surely you agree that the chances are better now than if they had no evidence of gas at all. Each increment of positive information increases the chance of success. It does not matter what business you are talking about ..logic is universal. So IMO greyhairs is absolutely right when he says that the odds are now better than 10%. Keith

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