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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Scotchman who wrote (887)	9/17/1998 6:08:00 PM
From: grayhairs	Read Replies (1) of 1207

Hi Scotchman, I am expecting a deliverability/production rate in excess of 5 MMCF/d (even though the well was only "flow tested" at ~5 MMCF/d on the 2nd test.) Do you think the uphole resources will be exploited through a 3-22 twin well? I expect a "little" step out to the west (or southwest). I hope they do announce their plans for the next deep well. (By the way, I'd locate it in section 29, not on the first option block !!) Can you please give us a break down of the sisters values like you did before, WHAT WILL THEY BE WORTH! I remain committed to my belief that the sisters have a MAJOR gas discovery at Strachan. But, in the current bear market, I have no idea what the sisters are worth. If you go to my latest post on the matter, you'll be in the ballpark as to what I expect they would be worth in a "1997 type oil/gas equity market". When do you think we'll see that kind of market for the oils again?? Have the rumors about Dalton being bought out firmed up yet? {by Apache?} Not to my knowledge. Apache won't take out just DAL (DAL's interest is too small). Apache will need TKE and FST or they won't mess with any of them, IMHO. Later, grayhairs P.S.-- What do YOU hear they are going to be announcing for reserves ?

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