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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner
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To: Slicky who wrote (183)8/20/1998 8:17:00 PM
From: Ed Ajootian  Read Replies (2) of 261
 
Parkcrest Explorations Ltd -

Palo Blanco trucking operations begin

Parkcrest Explorations Ltd PKC
Shares issued 11,207,637
1998-08-20 close $0.49
Thursday Aug 20 1998

Mr. Robert Lipsett reports

Trucking operations have begun on the company's Palo Blanco field in Colombia, South America. The initial discovery at Palo Blanco, the Estero No. 1 well was announced in March 1997. Project operator, Harken de Colombia, is currently constructing a 2.3-mile pipeline spur connecting the Estero wells to an existing pipeline infrastructure. Completion is expected within three weeks. Parkcrest Explorations has a 25 per cent beneficial interest in the Palo Blanco oil field. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Here's why the stock has rallied. Hopefully it won't sell off on the news now. I don't think it will because this news gave us all a pleasant surprise -- the fact that the pipeline is actually on schedule and is just a few weeks away from completion.

Now all we gotta do is get these wells hooked up to the pipes & get the 3-D data analyzed, and then finally we start the clock running for Ecopetrol to declare the field commercial.

Things are gettin' interesting again folks!
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