Harken Energy Corporation (HEC) Message Board

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

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To: Slicky who wrote (3357)	8/11/1998 6:09:00 PM
From: Ed Ajootian	Read Replies (1) of 5504

Slick, Yeah, I still have about 3/4ths of my largest stake in PKC and about 1/4th of my ROH position. Thought that PKC would be able to pull off another JV/financing by November in order to take out the HEC loan and start playing with Escondido. As each day goes by this seems less likely and the market seems to be getting ready to value PKC using just a 12.5% working interest in the Alcaravan. Hopefully someone will give PKC a break in the next month or so. Until an announcement of a definitive deal I couldn't recommend PKC to anyone in good conscience. If you're looking for a gamble you can get better odds by going to your nearest casino and going to a blackjack table and waiting for a rich count.

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