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Gold/Mining/Energy : Tusk Energy (TKE)
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To: kingfisher who wrote (514)5/27/1998 1:59:00 PM
From: grayhairs  Read Replies (1) of 1207
 
Hi Richard,

Re: "...do you have any more info on the Entwistle prospect?"

The prospect is a 3-1/2 section contiguous land position held by TKE as to a 60% working interest (currently). The prospect has been farmed out so that a well will be drilled this summer at no cost to TKE. I speculate a 100/50 farmout deal which would mean TKE's APO interest will likely be 30%. Entwistle is about 40-50 miles west of Edmonton. I'm guessing that the well will test the Mississippian. This is most likely a gas play, IN MY OPINION !!

Sorry for the delay in getting back to you. I was interrupted by some work (How very rude!!) and forgot about your question till just now.

Later,
grayhairs
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