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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2822)	5/19/1999 6:59:00 PM
From: Rod Copeland	Read Replies (1) \| Respond to of 3156

Sorry Zeev, but don't run away with prize just yet. Crude prices have risen way too fast. We are now seeing a retracement that I believe will bottom out at $15 (NYMEX). Opec will cheat but this retracement will get their attention and the cheating will not be drastic. The market will hold the price to a more realistic $15 dollars until demand rumblings emerge from Asia. As this occurs oil will climb back to $19 by year end. Rod will finish funding his new well in Jones County and drilling will commence in July. At the end of August we'll be producing 100+ bopd from the new well and smiling more every day. Paul will publish a series of short stories to help us keep smiling... And everyone will live happily forevermore. Rod. p.s. - I don't know where Abacan will be, but it will be higher than it is now! For all of our sakes, I hope its a LOT higher.