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

To: SliderOnTheBlack who wrote (41791)	4/7/1999 5:27:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

I'll be committing the rest of my cash in the next few days. The short term stochastics are now approaching oversold. I intend to take the next sto cross on stocks I like. Will take a harder look at old favorites like VRC and OII. How come nobody talks about OII? Kinda surprising.

To: SliderOnTheBlack who wrote (41791)	4/7/1999 7:30:00 PM
From: marc chatman	Respond to of 95453

<<damn nice way to say go #$* yourself....(VBG)>> I would never do a thing like that. I've reformed. <<PS; you didn't answer the question by the way (VBG) - well; do you believe your own BS ? .......roflmao !>> Yes I do. I find it to be good practice. After all, how could I believe the BS spewed regularly by analysts if I can't believe my own. In any event, here's a tidbit: Venezuela in full compliance with oil cuts- oilmin CARACAS, April 7 (Reuters) - Venezuelan Energy and Mines Minister Ali Rodriguez said on Wednesday his country was in full compliance with the latest agreement with other producers to cut oil production in the hope of getting prices up. In an interview with Reuters, Rodriguez said crude oil production was at 2.7 million barrels per day (bpd), although it oscillated around that figure from day to day for technical reasons. ''It must at 2.720 bpd.... The important thing is to comply on average,'' he said, confirming that Venezuela would produce that level on average this week. I suppose those geniuses noticed that crude plunged on the heels of their comments from yesterday, and this is their attempt at damage control. Maybe it occurred to their crack accounting staff that the $1 or so drop in crude more than offset the revenues from the few extra barrels they tried to sell.

To: SliderOnTheBlack who wrote (41791)	4/7/1999 9:30:00 PM
From: ldo79	Read Replies (1) \| Respond to of 95453

Slider, here's a small e&p that just reported: IRVING, Texas, April 7 /PRNewswire/ -- MagnumHunter Resources, Inc. (''Magnum Hunter'') (Amex: MHR - news) today announced significantly increased oil and gas production amid much lower oil and gas prices for the fourth quarter and year-ended December 31, 1998. Proved oil and gas reserves were 323 billion cubic feet equivalent (Bcfe) at December 31, 1998, after record annual production of 21 Bcfe, up 50% from 1997 production of 14 Bcfe. Despite 51 Bcfe of downward reserve revisions primarily due to lower commodity prices at year-end, Magnum Hunter was successful in finding through the drill bit and with property acquisitions over 61 Bcfe of new proven reserves. Exploration and development expenditures totaled $30.7 million for the year, funding 6 exploratory wells and 84 developmental wells for an overall success rate of 99%. These additions to reserves resulted in a reserve life index of over 15 years. Proved reserves at year-end 1997 were 333 Bcfe. Prices used in reserve reports at December 31, 1998 were held constant at $9.42 per barrel of oil (Bbl) and $2.12 per thousand cubic feet of gas (Mcf) as compared to prices used at December 31, 1997 of $16.08 per Bbl and $2.34 per Mcf. Regards