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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD
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To: david bell who wrote (15)9/2/1997 7:49:00 PM
From: Ed Ajootian   of 94
 
David,

Just wanted to give you a heads up in case you got out of this and are still waiting for a pull-back. It seems to have formed a very solid base here at the $1.50 mark and with the Estero #1 recompletion results due out any day now there is just too much risk being out of the stock at this point, IMO.

I just got PKC's latest hype mailing today and it has something interesting in it. It says these two upcoming Palo Blanco development wells will be horizontally drilled! This could mean a lot to PKC because those kinds of wells could produce at substantially higher rates than a vertically drilled well.

Also, there is some rumblings about Harken lining up a _second _rig to
be committed soley to drilling in the Alcavaran Contract. This would
greatly speed up the pace of development.

Now that Rochester has had its shareholders meeting the coast is clear for Harken to issue its news on the Estero #1 recompletion. Keep an eye out for it and if its any good get a quote of PKC and fasten your seatbelt!
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