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

To: cmg who wrote (175)	4/5/1998 1:12:00 PM
From: MisterED	Read Replies (1) \| Respond to of 275

They told me La Rosa would start drilling about now, but the interesting part was that they expected to complete each well in approx. 10 days, if you can believe it. Personally I will have no patience this time for any excuses why it is taking much longer. Also, in my opinion, they can not afford many more unsuccessful wells like in the past, and neither can I. I can appreciate the fact they have paid down their debt and can pay cash for their ambitious drilling program, which should help the bottom line. Twenty+ new wells by the end of the year should make this stock go higher, but that is provided they hit pay dirt on a good number of them. This is also why I am still invested in FPX. As far as I am concerned, this is their last chance. Let's hope for the best.