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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: taxman who wrote (212)7/9/1998 10:38:00 PM
From: Joseph T. Worley  Read Replies (1) of 275
 
Taxman,

I'm not sure if your post was serious or if you were just joking.

Just in case you were serious, I wouldn't read too much into the recent stock purchases. Don't get me wrong, I'm always happy to see officers of the company buying stock. But insider buys are far from a guarantee that good things are going to happen anytime soon, or ever. Remember, JC bought a bunch several months ago and the stock hasn't done anything since then.

Like you, I hope the recent stock purchases indicate good results at LaRosa. But, considering the dismal drilling success they have had over the past year or so, I would be surprised if FPX is sitting on good news that says one of those wells was a big hit. That's why I was curious if JC gave CMG any clues about the results.

I guess we'll find out soon enough.

Thanks,
Joe
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