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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: drjoedoom who wrote (3168)7/9/1998 8:46:00 AM
From: Zeev Hed  Read Replies (3) of 5504
 
Hey trial member, you are getting tiresome and irrational, it might be more than two years before the three wells are drilled (HEC has until 2000) and more time after that before they produce. Read the 10K carefully you will see that the 6.4% does not end any time:

nstitutional Investors received the right to
receive future payments from Harken equal to 6.4% of the net profits that Harken
Colombia may derive from the sale of oil and
gas produced from each of the three prospects if the planned drilling on the prospect is
successful (the "Institutional
Participation"). Pursuant to the Development Finance Agreements, Harken is obligated
to drill each of the three wells prior to
October 2000.

Zeev
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