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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner

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To: Jeff who wrote (195)10/20/1998 11:51:00 PM
From: Ed Ajootian  Read Replies (1) of 261
 
Jeff,

Sorry for not getting back sooner. I'm trying to forget I own this turkey right around now. As each day ticks by its more and more apparent that PKC is unable to line up any financing on half-way decent terms.
I find this unfathomable given the huge upside that they have over there given that they have an interest in not only the Palo Blanco field but also the Canacabare prospect.

Good to hear about the change in financial firms. Anybody's gotta be better than those Yorkton bastards.

Has any reason been given as to why PKC did not put out a release to parrot what HEC said about the 3-D seismic study? The silence of PKC and ROH in the aftermath of this release is deafening. The strong implication is that the Canadians do not agree with Mikel's interpretation of the data.
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