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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (26906)	11/6/2003 9:17:43 PM
From: Ed Ajootian	Respond to of 206323

excar, FXEN -- There probably won't be any insider selling for awhile on this. First they would need to wait until news is announced on this well, it is too close to projected date of hitting TD. Second, they are trying to farm out their second big acreage area, and they surely realize that it would not look too good to sell the stock while they are shopping the farmout. BTW, did you see the terms of their farmout to Warren B.? First of all, FX agreed to pay all of the costs of the well for a half interest (Polish O&G company is the other half). Then they get Warren to carry them completely for half of their half interest! Don't know if I've ever seen a company be willing to pay 100% of the costs for a quarter interest in a well before.