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

To: SliderOnTheBlack who wrote (55305)	11/23/1999 1:53:00 PM
From: John E. Stanga	Respond to of 95453

Bought oei today at $8.00. will we see $15 and, if so, when? jes

To: SliderOnTheBlack who wrote (55305)	11/23/1999 2:04:00 PM
From: Think4Yourself	Respond to of 95453

I have not been seeing any selling (or buying) pressure on TMR. They are getting hurt somewhat by NG prices, but are more than making up for it with oil prices. Using the 6:1 ratio of NG Mcf to Oil bbl, the oil price increases are pretty much swamping out the NG decreases. TMR produces pretty hefty quantities of oil, so I am not concerned. What does interest me about TMR at the moment is the Breaux #1 well, currently drilling at about 19,000 feet. If the last sand they are going after is productive, their proven reserves should skyrocket. 3D Seismic says it is, but we will have to wait and see. The well will be productive regardless as they already know it's a good one, even without the lowest sands.