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

To: ldo79 who wrote (49587)	8/20/1999 8:09:00 AM
From: stock talk	Read Replies (2) \| Respond to of 95453

An undiscovered NG gem: ROIL market cap still around 125 million "Year-to-date drilling totals 19 wells, 14 of which have been successful. The company anticipates drilling an additional nine to 12 wells prior to year- end. Fourth-quarter 1998 production averaged 33 MMcfe per day and increased to 39 MMcfe per day inthe first-quarter 1999. Continuing the encouraging trend, 1999's second quarter production averaged 46 MMcfe per day.Management attributes steady rise in production to a 36 percent increase in reserves recordedin 1998 and to the continuedsuccess of our 1999 drilling program." Dallas-based Remington Oil and Gas is an independent exploration and production company with activity focused on the offshore shelf, onshore Texas Gulf Coast and the Mississippi Salt Basin. Year-end 1998 reserves were 5.52 MMbbl of oil and 52.7 Bcf of natural gas. Production averaged 3,411 Bbl per day and 17.5 MMcf of natural gas per day for 1998.

To: ldo79 who wrote (49587)	8/20/1999 8:21:00 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

LAST CALL for the Nat Gas Train - Go Gas & Live Large We've been pounding the table here for Nat Gas stocks since last January believe it or not.... well imho; this latest series of posts and the now general consensus on the Street, that something quite out of the ordinary is brewing in the nat gas markets is confirming that this sector is ready to break. Hurricane season is here. We are not replacing storage levels to levels that can support price stability - giving a very strong likelihood of Charles Maxwell's scenario of - ''the only way Nat Gas can be rationed, is by price'' .... $3.00 now; does the Raymond James analyst report laying out the very possible (not probable, but possible) potential for a historic Nat Gas shortage, showing the mathematical potential for near double digit Nat Gas prices really look that outrageous ? Can you imagine what even $4, $5 mcf Nat Gas alone would do for some of these companies - even if realized for just a quarter, or two ? Can you imagine the hedging possibilities - speculation mania etc ? Some of these small - mid cap Nat Gas leveraged E&P's are coiled springs here.... here's the Doomberg link & the highlights: ===================================================== quote.bloomberg.com <<Natural gas prices rose every day but two this month, gaining 13 percent as utilities burned more of the fuel than usual to meet electricity demand for air conditioning. The demand from utilities kept inventories from rising fast enough to fill storage depots before the busy winter heating season. Natural gas inventories last week were 5.6 percent below a year ago and at 74 percent of capacity, the American Gas Association said late yesterday, with more than two months remaining to store supplies. The AGA said inventories increased 51 billion cubic feet, or 2.2 percent, to 2.4 trillion cubic feet in the week. The report matched exactly the average of expectations of analysts. The inventory numbers are important because the U.S. has to carry a large surplus going into the winter heating season. During a single cold day in the winter, the U.S. will burn as much as 73 billion cubic feet of natural gas. That's almost 50 percent more than the nation put away in all of last week. >> hmmmm; one single cold day - burns more Nat Gas than we put into storage ALL LAST WEEK !!!!!!!!!!!!!!!!!! tic toc .