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

To: ItsAllCyclical who wrote (48811)	8/4/1999 11:06:00 AM
From: Ronald J. Clark	Read Replies (2) \| Respond to of 95453

TMR had a blow out on the drilling of the second well at their newly discovered Lilly Boom field. The recent downgrades came after the blowout and BEFORE the second well was capped. The first well was producing 18,000,000 ft/day plus 1800 bbl of condensate. If the two wells can get back on procuction, TMR's revenue should increase by 205 without taking into account the increase in oil and gas prices in the thrid vs. second quarter of 1999. TMR also drilling a 3rd well at Lilly Boom which, if successful should be producing in the 4th quarter. Lilly Boom reserves already in excess of 100BCF.