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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: double-plus-good who wrote (47975)	7/14/1999 1:50:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

My understanding is that they were not only insured, but the insurance will even pay to drill a new well to the same depth. No one was injured and there are no pollution problems. A second well IS offline until the blowout is capped, which should be anyday now. Also, it's only one well. The market severely overreacted (as usual). That's when I bought. TMR and FLC personnel knew from drilling the idle well that there was a lot of pressure in the formation. The blowout should not have happened. Maybe that's why the stock is being punished.