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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD

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To: leaf who wrote (42)12/13/1997 6:10:00 AM
From: Ed Ajootian  Read Replies (2) of 94
 
Leaf,

The well should be spudded next week. I think Mikel (HEC pres.) may want to wait until his shareholders meeting is over on Tuesday before
putting out the news.

The fact that PKC was unable to sell out their earlier financing is not positive. The stock will probably sell off on this news next week. They have a lot of guts to now immediately go in for more financing, still at $1.75. Will be interesting to see if they can pull it off.

They are going to give it a good shot, with two major O&G analysts (Mike Strain and Everett Titus) about to initiate coverage on them in the next month.
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