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


To: Wowzer who wrote (72079)8/31/2000 12:12:33 PM
From: jim_p  Read Replies (1) | Respond to of 95453
 
If they have a 75% NRI on the leases, that will increase ESNJ production by about 17%. Not a bad well. If it ends up being a multi well field, it could be a company maker. Congratulations iso.

Jim



To: Wowzer who wrote (72079)8/31/2000 12:58:54 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Thanks for the ESNJ heads up, Rory.

Stock action been just too strong the past few days to be indicating anything other than an important news release.

ESNJ has one of the very best prospect portfolios of any sm cap E&P. Their saavy use of 3D seismic has put their success rate on important exploratory wells at 50%. And they are very shrewd deal makers in bringing in partners to lay off risk while still maintain a large enough interest in important prospects to be on the fast track to earnings and CF growth.

Said months ago on the ESNJ yahoo thread, am looking for a multi-bagger LT (at least a hat trick vs my 2 7/16 basis)with this very talented exploration and management team.

For those here who aren't yet long this winner, my advice is to look for good dips to start averaging in. Hope some of you did exactly that on the recent pull back a few wks ago<g>.

Cheers.

Isopatch