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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: Buzz Mills who wrote (18)11/8/1996 5:31:00 PM
From: Kendell Phillips   of 1017
 
Buzz,

The new offering will be priced at or very close to market. Lajaunda is sending me a prospectus and adding my name to the underwriter's list of potential investors. I have been in this stock for nearly 4 months. I have bought the majority of my shares in the last 3 weeks. I plan to buy more shares of this stock as I liquidate other investments whether it is at the market or the 3rd offering. Thats right 3rd offering. You may know this, but the second offering was at $2.44 a year ago(wow). Hindsight.
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