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

To: ItsAllCyclical who wrote (49376)	8/16/1999 10:53:00 AM
From: Wowzer	Respond to of 95453

CAM took a trading position at 38 5/8...Lets show a little respect for this lady folks....

To: ItsAllCyclical who wrote (49376)	8/16/1999 11:02:00 AM
From: Ronald J. Clark	Read Replies (1) \| Respond to of 95453

The wells that TMR has that are the subject of today's news release had not produced any material revenue thru the qurter ended 6/30/99. The well #1 was producing at 18,000,000 cu ft of gas per day along with 1800 bbl condensate per day.(for only a week or two before the end of the 2nd quarter). At $2.50/MCF and $20/bbl TMR's share of revenue (assuming a 50% N.R.I.) would equal over 3 1/2 million per quarter. This compares with TMR's total 2nd quarter revenue of $30.8 million. If TMR could get all three well online and producing at the rate of #1 well, revenue could jump up over 25% on those wells alone, if my calculations are correct. Ron Clark