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

To: Aggie who wrote (49299)8/13/1999 10:57:00 AM
From: William JH  Respond to of 95453
 
Texaco is having trouble in Nigeria again:

biz.yahoo.com



To: Aggie who wrote (49299)8/13/1999 11:00:00 AM
From: double-plus-good  Respond to of 95453
 
very quiet this morning. oil price quietly climbing also; WTI almost 22/barrel. CRB index flirting with 200.

Meridian seller still with shares to go.

++good



To: Aggie who wrote (49299)8/13/1999 11:08:00 AM
From: hdrjr  Read Replies (2) | Respond to of 95453
 
OT

Aggie,

Are you familiar with any seismic activity or potential new exploration along the Neches River in southern Cherokee Co. in East Texas? I own property in this area and have noticed what appeared to be a seismic crew working 24 hours a day for several weeks, however, there is no local word on the street (farm to market).

TIA,

hdr



To: Aggie who wrote (49299)8/13/1999 4:14:00 PM
From: Ken Robbins  Read Replies (2) | Respond to of 95453
 
You must have meant to say that a 1.0 to 1.5 MMCFD could be considered marginal. A 10 MMCFD well is very profitable. At a conservative net $2.00 per MCF it would bring in $20,000 per day = $7,300,000 per year, a very handsome return even for a well that cost $4,000,000 to drill and complete.


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