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Gold/Mining/Energy : Tusk Energy (TKE)

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To: kingfisher who wrote (297)4/21/1998 11:56:00 PM
From: grayhairs  Read Replies (1) of 1207
 
Hi Richard,

Was the leak "allowed"? Was there "panic"? Not with TKE, IMHO. We did see a modest retraction on a relatively small volume of "spec" stock that jumped the gun to get out. But that setback was minimal because of the value of previously announced Meekwap development and what we believed to be uphole value at Strachan.

In our industry "tight holes" are common place. If one is spending the kind of $$ required to drill this well, you want to retain as much info as possible confidential so that you can "push the boundaries" of the play as economically as possible.

What I find ironic is that WE the shareholders want to know absolutely every minute detail about OUR well and WE put all sorts of pressure upon the officers and directors of OUR company to constantly release details/data to us. What WE do not grasp is the fact that when WE do that, WE make it difficult for OUR company to retain a competitive advantage that has cost millions. AND, WE VERY QUICKLY START COSTING OURSELVES!!!!

Later
grayhairs
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