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

To: isopatch who wrote (79234)11/16/2000 3:45:18 PM
From: excardog  Read Replies (1) | Respond to of 95453
 
iso

That may be true but I am seeing much better success rates than this from many players. I've owned ESNJ before presently have no position. Regards



To: isopatch who wrote (79234)11/16/2000 4:05:06 PM
From: jim_p  Read Replies (1) | Respond to of 95453
 
Iso,

10% was the norm for exploration success 10-15 years ago. Today 60-70% is considered good. What I couldn't understand is why ESNJ would have increased production and a decline in annualized cash flow. Did they have bad hedges? As you know, exploration expenses are not included in the calculation of cash flow.

Jim


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