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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)
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To: D. Williston who wrote (44)2/26/1997 10:07:00 PM
From: R F B, Jr.   of 188
 
D.W. :

I haven't heard anything more about the drilling results other than they are expected in within a couple of days or so. I don't really follow the action in ROR but from the last time I checked the price was $0.44 so I'll assume it went up to $0.55 today.

My opinion only here, ROR and PKC will be the only real beneficiaries of an oil hit in Estero #1. Odd are better than 3 to 1 in my book based on prior existing seismic data as well as 1st dry hole by Huffco. The key will be how much oil. Have no idea what the initial reports will say other than possible we hit oil at such and such a depth and it tested at such and such and etc. etc.

Cripes, I'm still waiting to see how much HEC hit in Torcaz #2 and that was months ago.

Others on this thread have related that the TSE, VSE, ASE can be pretty volatile and tend to run on hype. As I said many time before, the best ROR can do is a double (to $1) and I have no info on Parkcrest at all. If the stock runs past this level take your profit and then buy it back when the hype dies and the stock retreats to current level while clean-up results are pending.

D.W., dont know anything about Com Dev Int. but feel free to e-mail or post. I've nothing against making a buck.

Must relate that I do not currently own any ROR or PKC. My exposure to Colombia is via HEC and GARN.

Good luck

RFB
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