Harken Energy Corporation (HEC) Message Board

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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: Ditchdigger who wrote (2343)	1/13/1998 10:07:00 PM
From: Gabriela Neri	Read Replies (1) of 5504

This is not the way I look at this situation. Production is irrelevant at this stage. Finding reserves is the name of the game, nothing more, nothing less. They need to drill and hit paydirt, and after that they need to drill again and hit paydirt. Seven Seas has drilled and hit paydirt, and now they are trying to determine how much paydirt they got by drilling delineation wells. Harken needs to drill exploration wells and find oil in the major contract areas to get to the point where they can start drilling delineation wells. If you want oil production you got the wrong stock-buy Exxon. If you want a company with exploration potential buy HEC. If you want a company with exploration success but is still attempting to determine how much success-buy Seven Seas. There aint that many billion barrel fields in the world. What are the odds thatSeven Seas and Harken both find billion barrel fields? Seven Seas is in the process of proving to the world that they have a billion. Harken is selling hope for cash. It is going to be very interesting. I like them both but they are very different bets.

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