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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: Meredith Cullen who wrote (172)12/16/1996 3:46:00 PM
From: Buzz Mills   of 1017
 
Latest Estimates Just Out.........................................

These numbers are dated 12/14/96 and they still have one of the
old estimates but they do contain Paine Webbers new estimate:

MEAN HIGH LOW NUMBER MEAN CHG
EST LAST MNTH
($)
FISC YR END 12/97 1.07 1.29 0.80 3 0.11
FISC YR END 12/96 1.47 1.70 1.15 3 0.24
VS ACTUAL 12/95 -1.59

QUARTER END 12/96 0.57 0.58 0.56 2 0.28

Note: The LOW 0.80 and 1.15 for 12/97 and 12/96 are old estimates
and should be replaced shortly.
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