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Gold/Mining/Energy : Tusk Energy (TKE)

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To: saif who wrote (740)7/21/1998 8:02:00 PM
From: grayhairs  Read Replies (1) of 1207
 
Welcome back saif!!

Many weeks ago I told you that your "holding company" had a deep gas discovery at Strachan to go along with your Pakistan discovery. I can not tell you anything about the Pakistan play, but the Strachan discovery is very real!!

TKE stock will move up substantially but when?? Perhaps not until (a) land sale results are known, (b) there is more action in the field, or (c) tight hole status is lifted and a News Release is issued. (I expect that we will see some "action in the field" within a couple of weeks.)

How can the market be impressed with Strachan results?? The market knows nothing!! Why?? Because a tight hole can be VERY TIGHT when the potential "penalty" for a leak is AS HUGE as it would be for this one!!! No it isn't normal to be as tight as this sucker is. That is why you can know with confidence that there's something real about this play. I know that the price of all the sisters has "slipped". But, it has done so on very weak volume.

saif, if there was nothing significant at Strachan there would be no tight hole status. And, then where would these sisters be trading??

TKE has added a pile of proven and probable gas reserves in 1998 to date BUT, much more will be added by year end!!!

Later,
grayhairs
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