Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (49918)	8/26/1999 12:40:00 PM
From: Think4Yourself	Read Replies (3) \| Respond to of 95453

Thanks, that's what I needed to know. Just established a position. Regarding the 10Q/K, It's not fair to compare it to mere press releases. As I am sure you know, the 10Q/K is a legal document. Most 10Q/K's have a tabular breakout of production, and every one I have seen to now has at least broken out oil/NGL versus NG.

To: SliderOnTheBlack who wrote (49918)	8/26/1999 1:06:00 PM
From: Douglas V. Fant	Respond to of 95453

Slider, I'm not familiar with RRC but I concur with your macro analysis. Domestic E&P companies ROCE's and ROFA's are skyrocketing. And Big Bull are you out there? You are right and I am a dumbshit! I said that capital budgets were generally "locked" until Jan. 2000. Humorously our home office sent us more cash to drill more wells about three weeks ago- and now called again this week to say "Hey- we want to give you guys/gals some more cash to drill even more gas wells." The funny thing is that we are not asking for the cash- they are calling us and throwing it at us saying "Hey take it and get busy!(12 months ago we humble peasants of domestic E&P went to the Crown Block and begged for a few dollars just to drill a couple of wells and were soundly rebuffed!). Now they are telling us to attack all out across a broad front... Problem is our "army" is pretty skimpy in terms of experienced people to make an "all out attack". We look more like the Confederate front line at the Battle of Chancellorville (Bobby Lee left only one soldier to cover every eight yards of trenchline and told them just to make a "lot of noise" while Stonewall did his famous- and ill-fated- flank march), heh-heh........