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Gold/Mining/Energy : Tusk Energy (TKE)

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To: grayhairs who wrote (965)	10/19/1998 9:10:00 PM
From: kingfisher	Read Replies (3) of 1207

Yes Grayhairs those Meekwap wells look good.The Meekwap-3-D Seismic Nisku Isochron indicate 4 anomalies that have 50% more potential than the two best oil wells drilled in Alberta in 1998.Tusk just might drill the best oil wells in Alberta in 1999 also.That is if their partners can ante up soon. The presentation also indicated the potential at Strachan 2-22. STRACHAN 2-22 EST. 500 boepd (90 net)( S.HILLS) EST. 500 boepd(150net) (L.MANN.) We must remember that this Strachan well was not drilled in the most optimum location for a Swan hills target. When I suggested to Tusk management if I was being optimistic to expect a share price of $3 by April of 2000,the response was that my suggestion is substantially low.Based on the median case scenario from my previous posting cash flow per share is estimated at around $1.00 based on same amount of shares as now. A e-mail response from Tusk also indicated that my suggestions that Tusk may have 30bcf net at Strachan may be possible and may exceed this amount once full development of the prospect is complete.But this amount is not indicated at this time. Better days are ahead! Take Care, Richard

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