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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Scotchman who wrote (687)	6/25/1998 1:41:00 AM
From: Michael M. Cubrilo	Read Replies (1) of 1207

Scotchman, I am not sure how you came up with the "if gas is $5.00 that would put oil at $50.00..." statement. The price of the two commodities are driven and affected by different market forces so if gas is in demand and the price is high, that does not mean that oil prices will follow. Oil could still be worth $13.00/BBL US even if gas was trading at $5.00/MSCF. Perhaps you were thinking of the standard conversion used in the oil patch for production on a Barrel of Oil Equivalent Basis or BOED, which refers to 1000 BBLS/D = 10 MMSCFD of gas mike

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