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Gold/Mining/Energy : TOFF - Tatham Off-shore is surging...
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To: Fred McGriff who wrote (6)5/19/1996 5:22:00 PM
From: Bobby Yellin   of 67
 
Somebody from AOL gave me permission to post his posts...let see if
I can find them Subj:" WHY TOFF LOOKS GOOD
Date: 96-05-09 00:31:24 EDT
From: CHANSON29

IN ADDITION TO THE EARNINGS SURPRISE, THERE ARE SOME OTHER POINTS TO
CONSIDER:
1. THATHAM RECENTLY SETTLED A LAWSUIT CONCERNING CONSTRUCTION COSTS. NO
LONGER A CONCERN.
2. ACCORDING TO THE HOUSTON, MAY 8/NEWSWIRE,
REVENUE, PRIMARILY FROM GAS SALES IN THE PHAR LAP FIELD, MORE THAN DOUBLED
FOR THE 3 MONTHS ENDED MAR. 31, 1996 COMPARED TO THE SAME PERIOD IN 1995.
3. ALSO, DURING THE SAME PERIOD, THEIR EWING BANK 914 NO. 2 WELL WAS SHUT
DOWN DUE TO REPLACEMENT OF FLOWLINES TO THIS WELL, WHICH IS NOW ONLINE.
4. OIL AND GAS PRICES HAVE RISEN STEADILY FOR THE LAST TWO MONTHS. IF PRICES
DO NO MORE THAN HOLD STEADY THRU THE SUMMER (THEY WILL PROBABLY RISE DUE TO
DEMAND AND INFLATION
) AND THEIR NO. 2 WELL STAYS ONLINE, A THIRTY PERCENT PLUS INCREASE IN
REVENUES SHOULD BE A STRONG PSSIBILITY.
5. THEIR EXPLORATION COSTS ARE DOWN TO $.01 MILLION. LOOKS LIKE THEY ARE
CONCENTRATING ON THEIR PRODUCING WELLS.
LOOKS LIKE A TURN-AROUND IN PROGRESS. ALL IT NEEDS IS SOME ATTENTION.

GOOD LUCK TO US ALL."

hope this helps...the trading lately has been looking good..I think
the oil service sector is going to start moving again...I am not afraid to be in it since it has been in a bear market for so many many
years and has finally broken out
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