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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: William JH who wrote (12151)	5/25/1998 1:06:00 PM
From: Ed Pittman	Read Replies (1) \| Respond to of 116823

Bill... I agree times have changed...See anything good at the coin shop..My kids are getting interested in coins now.. They like the 5 cent indian head. i scream at the price. I give away the Silver Eagles for Xmas presents. Everyone loves them, and for $ 7.00 how can you beat it.<G> Anyway, a stripper is under 20 barrels per day..More like 10 and under..A 20 and up are good wells, in Southern Calif. The price quoted in the markets for crude is for West Texas.. This is a higher grade of oil..In Calif. we have wells as shallow as 800 feet which is a heavy waxy crude low grade low price... We also have wells in the 4500 ft. and 10,000 ft. area.. better grade but higher maintance cost. So, when West Texas is $ 13 ....some of the Calif. crude is getting $ 8 Not much profit, if any. But, a 30-40 barrel per day would be fix. Because there is a cost for shutting them down. hope I have helped.. good talking ed P.S. Martin Armstrong is going to be on the radio station next week..He has been over in Asia and London etc. should have some interesting things to say.