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Gold/Mining/Energy : Tusk Energy (TKE)
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To: Scotchman who wrote (301)4/22/1998 9:20:00 AM
From: Peter  Read Replies (1) of 1207
 
I am leery of all of this excitement. I don't think that the rebound in stock prices of the players is due to Strachan at all.

I see a correction to the disappointing news on Friday. That's all.

If there was a real response to Strachan then all of the players would have zoomed way past their previous stock values.

I think that TKE will settle in to where it was before. DAL will settle in below to where it was before. I haven't been following FST.

I'm hazy on the geology but can one extrapolate a hit in the Swan to the rest of the field? Bearcat made a hit and it's below in stock price.

Is the Swan well known enough to extrapolate a field. Did Bearcat drill in unknown territory, east side of Turner Valley?, so it hasn't moved because one can't extrapolate there?

It seems to me to see an effect on the stock prices of these player that more wells have to be drilled.

In metal exploration drilling through 500 feet of barren rock to a mineral discovery is a big deal. No one cares if you drill to the center of the earth. You don't need all this permitting on a claim.

If more wells have to be drilled on this play and it seems to me that they must be drilled, then it will take another 6 months to get through 12,000 feet of rock. In addition to land acquisition and permitting. Maybe another year before things happen.

Is this a realistic scenario? I'm sorry but I don't want to put my money to bed for a year.
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