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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Scotchman who wrote (280)4/20/1998 10:14:00 PM
From: kingfisher  Read Replies (1) of 1207
 
I have returned from the Toronto Resource and Energy Conference and was delighted to see this posting because a very informed individual representing a small oil and gas company explained to me that it is not unusual for the drill bit to miss a formation by a very small distance such as 20 feet. more or less.An ancient fault may have shifted the sands.He also explained that the formations represent different geological time periods and there is also the probability of significant gas below the Leduc formation.This is why I feel it is unwise to bail out so soon and do not understand why the other companies involved in Strachan continued to slide today.
There is still a lot of hope left in this play.
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