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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Ernest K Brandt who wrote (7518)	11/12/1997 8:06:00 AM
From: David Alan Cook	Respond to of 79378

GEOI reported record revenue and earnings yesterday: Company reported eps of .08 versus prior record of .07 one year ago in the 3rd qtr Company reported revenue of 1,148,000 versus prior record of 1,027,000 reported in the 4th qtr one year ago. ** Company announced that it intends to start a new well before the end of 1997: According to a spokesperson for GEOI:" GEOI still hopes to start one more horizontal well ( .67 net ) before the end of 1997. Caza Drilling Inc.'s Rig 43 has been contracted to drill the Oscar Fossum H4 as soon as that rig can finish drilling wells that are scheduled ahead of the Oscar Fossum H4. " Oil Production was Up in the 3rd qtr. . oil prices were down. Production should continue up in the 4th qtr . . need to see oil prices move back up. DC