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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 11.72+1.2%Nov 10 3:59 PM EST
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To: bill who wrote (472)5/8/1998 10:41:00 AM
From: boo  Read Replies (2) of 1288
 
Jack Wheeler's SI has a column on WT 5/6/98. He first mentioned Wt 6/97 @C$.45. He had an in depth meeting w/ the co. last month. I can't put the letter in here,but he says that after the 1st well comes in they'll drill another one every 60 to 80 days to a total of between 14 and 20 wells. " in less than 4 years, the norphlet should be producing over 25,000 barrels a day, or 9 million barrels a year." he says " westforts saleable assets are at current prices in excess of 2 billion. With 28 million shares outstanding, that gives a per share value of over US$ 70.00. He says he's buying in.
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