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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 58.53

+5.2%

3:59 PM EST

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To: StockJock-e who wrote (390)	6/24/1998 12:19:00 PM
From: Scotchman	Read Replies (1) of 486

Here is the latest from my DD. - Well is flowing 4.5 mmcf/d., choked back {How much I don't know} - Expecting 10 to 15 mmcf/d or more - Second acid job will be performed - Second well will be drilled before land sales, rig was released April 20th and the contract is only good for 120 days. I have talked to numerous brokers with different houses and they are saying the same thing, " All reports on the Strachan well are very good and the sisters are a definite buy. The only problem is people are to scared of the market right now." Analysts are predicting gas prices to go up this fall, some are saying $5.00, I personally don't think we'll see $5.00 but you never know. With gas at $5.00 that would put oil at approx. $50.00 {someone correct me if I'm wrong}. With summer almost here, looks like most investors are tucking themselves in for a two month nap, pull up the blankets and say good night, oh! and don't forget to turn off the light, Thanks! Myself I'm still buying and still believing. $cotchman

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