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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.59

-0.6%

Nov 7 9:30 AM EST

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To: bhg who wrote (942)	7/30/1998 4:48:00 PM
From: AL Berta	of 1288

No change in the actual reserves Bruce. I talked to WT geologist, Harold Kargess and he said they are just better positioned in the pool than Shell ever was with their Norphlet wells. This will allow them to perforate quite high in the column and I think (my opinion) they will be able to produce at higher rates because they will be substantially above the water level of the zone. Therefore, the danger of pulling water in with the higher level of production would be less (IMO). I've been wrong before. I'm quite amazed that WT has put out a "good news" release without suffering the fate of past such releases (ie. hitting the skids). Tomorrow: Johnny Rhodes. Yee Haw. Regards, AL. P.S.: I'm off to the country now with my buxom beauty so if this trailer's a'rockin .... Round 'em up, move 'em out - RAWHIDE!!! Catch you on "profit Monday".

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