International Rochester Energy Corp. (V. ROH) Message Board

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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: stockman who wrote (82)	3/14/1997 6:22:00 PM
From: Ed Ajootian	of 188

A couple of points that bear bringing up. There is still a significant possiblility that the zones that they hit will not be commercially producible because there is too much water mixed in with the oil. That is the reason that Harken had to suspend testing of the first well they drilled here in '95. They had logged it and it looked good, just like this one, but when they cased it and then actually tested it there was too much water. Methinks that the fact that there is still significant risk of the well not being commercial is the only reason that Harken and its partners Rochester Minerals and Parkcrest Explorations have not made any formal announcements about the well so far. I agree with the speculation that Cannacord is still playing around with this thing. BTW, the fact that there is so much volume is very positive in that it demonstrates substantial liquidity, and liquidity is a critical trait that institutions look for before they agree to do a financing for you. So even if they miss this well it appears that they will be able to dip into the well one more time (pun intended) for financing.

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