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

To: Razorbak who wrote (67774)	6/7/2000 2:15:00 AM
From: Brian	Read Replies (1) \| Respond to of 95453

TXLI looks very undervalued as a microcap Current price of 6.5 and a expected earnings of $1.31 for year 2000 gives it a Price per year 2000 Earnings of under 5! As the May report stated. On a barrel of oil equivalent basis (``BOE''), production during the first quarter of 2000 totaled approximately 524,000 barrels of oil, a 64% increase over the first quarter of 1999. Production volumes increased to 301,000 barrels of oil (``Bbls'') and 1.3 billion cubic feet of gas (``Bcf''), an increase of 79% and 47%, respectively, over first quarter production for 1999. The Company's average oil price for the three months ended March 31, 2000, increased 114% to $23.78 per Bbl, compared to $11.09 per Bbl for the same period in 1999. Average gas prices increased 23% for the first quarter of 2000 to $2.57 per Mcf, compared to $2.09 per Mcf for the comparable period of 1999. Average prices reflect the results of hedging activities. Brian