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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: TD who wrote (237)10/3/1998 1:16:00 PM
From: Joseph T. Worley  Read Replies (1) of 275
 
TD,

I haven't spoken with JC lately but the momentum last week was positive which tells me they must have encountered a viable pay zone at Shark. Of course, that doesn't mean they will be able to successfully complete it. This is just my hunch, not based on any specific information. As you said, the trading over the next couple of weeks will give us a good indication about the completion effort.

Also, they were moving the rig at ESB to set up for the next well. They should be ready to spud that well very soon if they haven't already.

Talk to you later,
Joe
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