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Gold/Mining/Energy : Tusk Energy (TKE)
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To: kingfisher who wrote (941)10/1/1998 11:41:00 AM
From: grayhairs  Read Replies (1) of 1207
 
Hi Richard,

Have you any idea when internal evaluations of proven and probable reserves at Strachan will be completed?

I expect that "internal" reserve evaluations have been complete for quite some time. But, it is most unlikely, IMHO, that such "internals" will ever be made public as the estimates can only be "preliminary" in nature and the companies will not risk liability actions.

At year end, public companies usually engage independent consultants to appraise their reserves for use in financial statements, ceiling tests, annual reports, etc. I suspect that TKE shareholders will see some "useful numbers" in the next TKE annual report.

Later,
grayhairs
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