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Gold/Mining/Energy : Fortune Petroleum (FPX) -- Ignore unavailable to you. Want to Upgrade?


To: Bob (Hijacked) who wrote (121)10/23/1997 9:17:00 PM
From: Joseph T. Worley  Read Replies (1) | Respond to of 275
 
All,

I received a response from Angela today. Most of this was posted already by CMG, but here it is:

Dear Mr. Worley,
I apologize for the delay in responding. I was out ill for the past day and a half. I hope that the following information is sufficient.
Regarding East Bayou Sorrell, the Schwing #3 well has been spud, and they are drilling ahead at about 7,000' with a target depth of 13,500. Additionally, there is a chance that they may spud Schwing #4 before year-end. Hopefully we will know more regarding that by mid November. John Collins will be more informative concerning that.
With regards to your questions concerning LaRosa, a well has not been spud as of yet. However, they anticipate within the next 2 or 3 weeks. In order to spud multiple wells, they will require 2 or 3 rigs now.
At Espiritu-Santo Bay, the most likely time frame to spud a well there is the early part of 1st quarter, 1998.
Overall, the preliminary plans for 1998 include the following:
12 wells each @ LaRosa and Espiritu-Santo Bay.
Continuation of the progress at East Bayou Sorrell, and the Zydeco prospects.


If you have any further questions, please do not hesitate to contact either myself or John Collins via e-mail or at our office number (281) 872-1170.
Respectfully,

Angela Rumora
Asst. to the President/CEO
Asst. - Investor Relations

The stock continues it's slow but steady climb higher. Nice to see the volume jump back up a bit today. We should see a healthy bit of anticipation in a couple of weeks when they spud a well at LaRosa and approach the target depth at Sorrell.

Joe



To: Bob (Hijacked) who wrote (121)10/24/1997 10:30:00 AM
From: TD  Read Replies (1) | Respond to of 275
 
Bob, I would rather not say, sorry but I think it should come from JC himself rather than from some posting, let me hint that John is very is very devote man. If you wish you are free to call John of course and ask him, I have been extremely close to FPX for years now because it is a mojor holding of ours, because of this John is perhaps a litle more open with me than some of the other folks I do not know. May 1998 be our year, surely you understand that I do not wish to speak for John and people change their minds all the time so I would not want to be responsible for a false rumor.

TD