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

To: cmg who wrote (165)3/31/1998 4:24:00 PM
From: TD  Respond to of 275
 
cmg thanks for the post, let's see how soon we start drilling. Fairfield Industries has taken a direct working interest. Should begin drilling 12 wells here in 1998. According to O&G the partners have identified numerous shallow pays as well as significant sands in deeper Frio.



To: cmg who wrote (165)4/2/1998 8:10:00 PM
From: MisterED  Read Replies (2) | Respond to of 275
 
After this "bullish" sale the stock has been doing nothing
but going down. Does the management really know what they
are doing? I know they need the money for exploring the
two new fields, but how about cash flow. Selling out means
no income also. I just don't get it. Can anybody explain?


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