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

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To: stockman who wrote (159)4/21/1997 5:17:00 PM
From: Ed Ajootian   of 188
 
Don't hold your breath waiting for such a news release. Harken still
controls the flow of news on this field and there is no way Harken is
going to want to put anything out on the Estero for another 6 months or
so, in order to avoid distracting their shareholders from focusing on
the big-upside wells that Harken is about to drill in the Middle
Magdalena Basin. The only shot we would get news on Alcavaran before
then is if Harken drills a dry hole in one of these next wells and they
put something in about the Estero in the same release as the one
announcing the dry hole so its not just all bad news.

Although ROR and Parkcrest can't issue any formal news releases on the
production, there would seem to be nothing to stop a stock analyst from
mentioning the production rate in his analyst report on the company, and
also the information would be obtainable from the quarterly report that
each company has to file with the Canadian equivalent of the SEC.
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