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Gold/Mining/Energy : Tusk Energy (TKE)

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To: TANTRAMAR who wrote (1188)	1/12/2000 11:19:00 PM
From: kingfisher	Read Replies (1) of 1207

I have some news to report on Tusk. Between the Meekwap infill well,Carvel and Epping Silverdale Tusk will add about 100 boe production by months end. They are currently flowing in excess of $5 million cash flow annualized. My stock watch information is wrong.Tusk have started buying back shares. By early February Tusk will spud at Dawson/Noel.The offsetting well to this 2.5 section property has produced over 1 million barrels and still produces at more than 500 bopd.They have the 3-D seismic and have recently increased their interest to 50%.Tusk will operate this prospect. Still no decision on Strachan. The shallow rights are controlled by Petro Canada.This explains why the shallow well to tap into the sweet gas has yet to be drilled. No news on North East B.C prospect except that Veteran Resources stock is trading much better than Tusk! Also faith in Strachan continues considering the market valuation assigned to First Star as compared to Tusk. Hope to see better days ahead. Richard

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