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Gold/Mining/Energy : Tusk Energy (TKE)

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To: viper who wrote (648)6/18/1998 2:52:00 PM
From: grayhairs  Read Replies (2) of 1207
 
viper,

With respect to your info:

1. Choke was not anywhere near full capacity.

-- That is also my "guess" (as opposed to your "info").

2. Further tests imminent.

-- This is extremely interesting (i.e. important) but quite unclear. What kind of tests? Do you mean a second larger acid job is pending? Or, that an acid frac is pending? Or, that there will be additional flows at different (i.e. higher rates)-- This is quite possible but the probability is very questionable. Or, do you mean that they will test more zones uphole?

-- I personally expect that they will continue the current flow period for a while yet. I also expect that they WILL do more acid work on the Swan Hills (???) zone. Why?? With all due respect to Apache, they didn't get it "as good as it can be" on their first try (Nobody ever does. It's just like sex the first time!!!). But, they may not do anything more on the Swan Hills(??) zone near term. They MAY be able to defer additional acid work. In that case, they MIGHT move uphole and test one or more of the shallower horizons.

3. Data being positively analyzed.

-- As opposed to "negatively" analyzed?? <gggg> Sorry, viper but I don't understand. Do you mean that they have analyzed the data and feel positive about it, or do you mean something else?? (My belief is that the results to date are quite positive.)

4. Land acquisition program proceeding as planned.

-- I'm sure it is. But, my unknowns are as follows: The plan is...?? Completion is expected by...??

5. Tight hole for a while to come.

-- I have no info here. But, obviously, it will continue at least until all "land and corporate" dealings end.

Later,
grayhairs
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