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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (872)	12/7/1998 4:15:00 AM
From: grayhairs	Respond to of 62348

Hi Keith, Re: The PISI article which was the subject of your above referenced post It is very likely that extensive damage to the existing well will require that a second well be drilled in order to access the reservoir and this will be a costly, time consuming procedure considering the depth of the well. There's the rub. If a relief well in fact proves necessary then ELH #1 will end up being cemented off, plugged and abandoned. And, then after the relief well they'll need to drill and complete a producer in the Temblor to get this reserve on production. Might take a few months!! I'd suggest that a cyber DAYTRADE OF THE WEEK AWARD might be contemplated for the party that closes his position at the highest price prior to any news of a relief well being necessary, or in the alternative opens a new position at the lowest price prior to any announcement that no relief well will be required! Good trading. Later, grayhairs