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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 (25)11/22/1996 7:43:00 PM
From: Kendell Phillips   of 1017
 
After reading the .42 estimate for the third quarter again. I feel confident CWEI will beat it just as it has the last two quarters.

With the $15 millon payed down on debt, the net should be even a better % than last quarter. Plus the 10% increase in oil prices and over 50% increase in natural gas prices.

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