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Gold/Mining/Energy : Essex Resource Corporation Up Over 33%! (T.ESX) -- Ignore unavailable to you. Want to Upgrade?

To: kfdkfd who wrote (1382)	8/10/2000 12:17:26 AM
From: Lorne	Respond to of 1394

Let's see now. Two wells 15 km apart and each one will produce at least 2000 barrels a day of high quality crude oil. The third well will be drilled 9 km north and will form a triangle. We're already looking good and if this third well shows a continuously producing zone then this is indeed a very nice play for ESX. You can put a lot of wells within a triangle of that size. I know it's only 5% of the play but we're already conservatively up to around $6000 american cash flow per day and could get up to $100,000 with ease. This has to be a buy. If anyone sees a fatal flaw to my logic please speak up.