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

To: Howard Frederick who wrote (45233)	5/21/1999 1:53:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

I got most of mine considerably lower than where they are now. My favorites are VGCO and PGEI for timing reasons. I also own BEXP, BELW, MEXP,HEC and FXEN. I am looking to buy a few others. From the Gas drilling standpoint I believe FLC is the best bet. They have a huge jackup presence in the GOM. WARNING: These stocks are illiquid.

To: Howard Frederick who wrote (45233)	5/21/1999 2:15:00 PM
From: WWS	Respond to of 95453

Gas e&p: MEXP, PGEI, AOG and PETD, not to mention MKTY which will "feed" off of ngas.

To: Howard Frederick who wrote (45233)	5/21/1999 2:50:00 PM
From: Area51	Respond to of 95453

<Natural Gas E&P> One additional company that is worthy of consideration is ESNJ (Esenjay) which was out with earnings today: go2net.newsalert.com From their annual report they have budgeted $16 million or about $1 per share to fund its drilling program for 1999. So your $2.25 price of admission gets you $1 of drilling. The Company entered 1999 having gone from nominal second quarter 1998 gas and oil revenues of approximately $35,000 per month and large operating cash flow deficits to a company with over $360,000 per month in oil and gas revenues in the fourth quarter of 1998. This number is expected to exceed $700,000 per month as first quarter 1999 exploration discoveries come on line and continue to increase as additional wells are drilled. This should allow it to achieve positive operating cash flow in 1999 and beyond. Hey Slider. How about OMNI. I thought we love OMNI <VBG>. They probably do a fair amount of natural gas exploration as well ?? Best Regards, Garry