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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)
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To: Ed Ajootian who wrote (117)3/20/1997 7:43:00 PM
From: R F B, Jr.   of 188
 
Ed :

Don't doubt what I say for even a minute. Every deal HEC has done down in Colombia has had the same qualifications for buyouts. Not saying this is the case here, I simply do not know. But if what you say re: Ecopete not backing in (if they're broke why wouldn't they?) then 20% off the top goes to Colombia as royalty, and Harken gets 40% and the 2 Can. concerns get 20% each, why haven't the stocks reacted in a more favorable manner?

Will be interested in hearing what Peter has to say as well.

RFB
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