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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: r.edwards who wrote (2298)1/1/1998 8:03:00 PM
From: John S. Sturges  Read Replies (1) of 5504
 
I talked with management Dec. 31. They indicated they were pleased with the results thus far, this is about as much as this management team lets out till they have tested the production. With the hype that has often been associated with high potential businesses(biotech, high tech, etc.) this management has avoided encouraging the wild speculation which could easily get out of control here. However, those with experience would say not to count your millions until you have reached your target, cased the well, production tested and had 12mos. of experience of actual production. Wells can start high and decline rapidly giving everyone a big black eye if they allow investors to speculate extensively. With all that said, yes it looks very good, THUS FAR. I would agree with you they are seeing success but they also have their fingers crossed and they know more than you or I. Best regards, John
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