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

To: Ditchdigger who wrote (66454)	5/18/2000 8:22:00 AM
From: Telemarker	Read Replies (1) \| Respond to of 95453

Ditchdigger, Regarding CHK's 1-9 Della (Cement Field): The news of the initial production rate hit Dwight's Drilling Wire on March 31, 2000. I therefore doubt that this is what caused yesterday's action in the stock, which I attribute to the spike in NYMEX prices and the fact that CHK had been lagging recently (it is, after all, supremely leveraged to natgas prices, IMO). I also believe that there are several other productive zones under the well besides the Springer which is currently producing. Other wells in the section produce or have produced from three other shallower zones. Also contained in the Dwight's Drilling Wire is a statement that "Chesapeake reports it has budgeted to drill 10 gross (seven net) wells in the Cement field and the Knox/Chitwood Field areas during 2000. Further, on May 8 CHK made an increased density application for the section where the 1-9 Della is located. I follow this as I own minerals under the 1-9 Della <VBG>, as well a good chunk of CHK stock. Regards.