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 (3197)	7/12/1998 3:47:00 PM
From: Ed Ajootian	Read Replies (2) of 5504

Zeev, Don't mind my rantings, just blowing off steam. The development finance agreements give the holders a 7% interest in the Cambulos Association prospects. Believe me, if they find oil there (which we could find out in a coupla months since they are about to spud the first well there) a 7% interest in that prospect will be worth far more than $35 mm with 25% compounded interest! HEC will easily be able to buy out these guys by just borrowing on the reserves discovered. It should easily become a commercial oil field (and thus bankable) by '01, if they discover oil there this year. Would really like to see this thread get back to the central points of investing in an O&G stock --- the blocking & tackling, operations, etc. Does anyone know when the Torcaz 5 will hit TD? Can anyone either confirm or deny the post on Yahoo that says they will spud the Islero in a couple of days? Is my understanding correct that they will not wait for the Islero results to become known before spudding the Guadual, which is the second prospect in the Cambulos area? Anybody hear anything about when the 3D shoot on the Palo Blanco prospect will be interpreted?

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