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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Mike from La. who wrote (32471)	12/4/1998 6:34:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Mike from La., Yes I need to be careful and not get too optimistic here. I tend to be a little early on trends FWIW- but still the valuations of top line OS companies and general negative sentiment are now very similar to tech stocks just before they began to run about nine weeks ago. I'll have to review the O&G Article claims carefully and get back to you later tonight. But yes I can confirm that most gas wells/fields on or offshore for that matter generally deplete at a 33% annual rate. Oil wells, since they produce at a lower pressure deplete much more slowly say a 8-10% annual rate fieldwide on the average.... BTW offshore operations are popular since they are far offshore and far away from onshore unrest, if you get my drift....Sometimes pirates show up at offshore platforms (both real pirates and the political variety). Our accepted defense is to play heavy metal music really loud- we like Metallica and Black Sabbath- works well actually! Sincerely, Doug F.