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Gold/Mining/Energy : Triton Energy (OIL) - Elephant stalker -- Ignore unavailable to you. Want to Upgrade?


To: kahuy who wrote (128)7/28/2000 1:10:10 PM
From: Trey Yon  Read Replies (1) | Respond to of 134
 
Well, it looks like Wall Street finally begins to see the light on the Ceiba discovery. 85% working interest on a field this size is A BIG DEAL!

already 1.4 mill shares TODAY vs avg. Vol of 317k/day

EARNINGS due out Tues. Aug. 1st estimate is for 28 cents

yahoo chart:
quote.yahoo.com

July 26th Dain Rauscher upgrade N to Buy:
biz.yahoo.com

Ceiba 5 press release:
biz.yahoo.com

July 25 /PRNewswire/ -- Triton Energy Limited (NYSE: OIL - news) reports the Ceiba-5 appraisal well offshore Equatorial Guinea has confirmed the primary oil pool found in the Ceiba-1, Ceiba-2, Ceiba-3 and Ceiba-4 wells, and encountered a deeper pool with an additional high-quality reservoir not seen in any of the previous Ceiba wells. Ceiba-5, a significant step-out well, penetrated 243 feet of net oil-bearing pay in three zones based on the analysis of drilling, wireline logging, downhole pressure measurements and rock/fluid samples. The new oil pool has an oil-water contact 328 feet below the oil-water contact of the primary Ceiba pool.