Harken Energy Corporation (HEC) Message Board

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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: Zeev Hed who wrote (3041)	6/28/1998 10:56:00 AM
From: R F B, Jr.	Read Replies (1) of 5504

Zeev : Do not agree with your per share value of proven reserves. Is your calculation based on domestic or all reserves? Although I do not like the dilution, believe HEC's Colombian drilling program is being financed with shareholder's best interest at heart. No doubt that previous convertibles issued stalled the stock price at certain levels ($3.125 to be exact) and current issue could keep this a trading range stock for awhile, but early conversion could be forced based on "certain conditions". Assume that price level may be one of those conditions, a hit on one of the many prospects they are currently drilling would do the trick. Would appreciate any number crunching you may like to share now or at some future time. Regards, RFB

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