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Microcap & Penny Stocks : EDII -- Ignore unavailable to you. Want to Upgrade?


To: Eagle who wrote (2046)6/29/1998 5:14:00 PM
From: Tom C.  Read Replies (1) | Respond to of 2849
 
Quick opinion which requires more research!

In my opinion, TTG and Davis do not need EDII's land for access to the Eagle Bay Field. They have already drilled 3 wells and are producing and shipping condensate and gas from this field. This is in Galveston Bay, and as others have noted, all you need is a boat and a pipeline.

These PR's did reference two other areas where TTG and Davis were actively drilling near Galveston Bay on land. One being at Austin Bayou, adjacent to Galveston Bay per the 3/31 PR. Just a guess, but it seems much more likely that EDII's land is adjacent to one of these fields.

Perhaps someone could call EDII and check the name of the field. I will try late tomorrow or Wed. if nobody else has that info by then.

Sincerely,

Tom