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

To: Think4Yourself who wrote (53217)	10/19/1999 1:29:00 PM
From: ChanceIs	Read Replies (1) \| Respond to of 95453

Consider Edge Petroleum - Monster well due 10/31. I have previously touted the virtues (hyped) Edge Petroleum (EPEX). Their South Maurice prospect is due at total depth by 10/31. This single well has the potential to triple EPEX's reserve base. (See Yahoo news posts). The well originally hit TD of 20K feet in late July, but encountered a pressure spike and was sidetracked from 15K back down to 20K feet. The sidetrack is due by 10/31 as confirmed by a discussion with IR last week. One has to figure that the prospects of success are good since the well was logged and the partners decided to spend the additional funds to redrill. Alan Greenspan made it cheap for you by knocking it down to $6 last week. On the down side there has been considerable insider selling, which I understand to be related to a divorce and a margin call (call IR to confirm). I would also have thought that the stock would have moved in late July when the side track announcement was made. At any rate I figure by 10/31 its either $12/share (based on doubling reserves) or $4/share based on EEX (yes EEX not EPEX) stock performance after its recent "damp" hole in the Gulf.