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 (3398)	8/14/1998 8:15:00 AM
From: drjoedoom	Read Replies (1) of 5504

Zeev -- about the billion bucks. << Last, they stated that it will eventually require a billion bucks to get those fields exploited, what are they doing spending this money on stock, when they will have to go back to the well for much more >> I know it's a fine point, but it helpful to not lose sight of it: HEC DIDN"T say they'd go to capital markets for the $1 Bn. As I recall, about $800 MM was expected to be project-related bank loans, once they had proven reserves to be developed. Then another piece was coming out of cash flow from developed wells. I honestly don't recall what piece of the $1000 MM was expected to come from the capital markets -- and it probably depends on interim drilling results -- but it was a small fraction of the total. Joe p.s. Gonna be on vacation, incommunicado, for two weeks. Have fun while I'm away.

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