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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Scotchman who wrote (1161)	10/13/1999 11:02:00 PM
From: kingfisher	Read Replies (1) of 1207

Hi Scotchman, A couple of average wells at Meekwap due to spud soon could add 200 to 300 boe net to Tusk.That is if they are being drilled in the highly pressured southern part of the pool,typically will produce in excess of a 500 bopd average during the first year of production.I understand one of the Meekwap wells Tusk has 32% APO,and the second well 17%APO. In North East British Columbia Gross Reserve Estimates are approximately 3 to 5 BCF per well.It is public information that Renata in its latest news release confirmed that the land position in that district is now in excess of 30,000 acres(over 47 sections).Will they be adding to this land position?Lots of Jean Marie formation land available October 22nd.They have a few technical refinements to overcome on this new drilling technology. At Strachan First Star is paying the lions share of the 3-D seismic and will have access to it on their workstation for analysis.They will at the appropriate time show the prospect to third parties and hopefully outline at least a couple of bumps for a possible 2nd and third deep test.It is in the opinion of First Star management that the well is in the Slave Point. Best Regards, Richard

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