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Gold/Mining/Energy : Tusk Energy (TKE)

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To: kingfisher who wrote (983)10/22/1998 1:15:00 AM
From: Scotchman  Read Replies (2) of 1207
 
Hi Richard,

John Squarek is a GOD!. This is an unbelievable deal for FST. How Squarek pulled it off I don't know, but I'm sure looking forward to hearing him speak on Oct. 29.

Like Doug Robertson said Apache was taking the slow approach. Now with FST in charge we should see alot more action. Starting with the tie-in ( I'm hearing early December) and the up-hole being drilled in November sometime.

I've talked to numerous people (oil&gas people,brokers) about this deal and they are all saying the same thing - it's one hell of a deal by Squarek.
The reason Apache bailed out is GREED, 17.5% was not enough for them. They did not have enough control, it has nothing to do with the well or the area. Like grayhairs said 9-10mmcf/d.

Unfortunately the market sucks right now and response to this news has been no response. When the cold wheather hits we should see some nice increases in share values. I could be wrong on this but is Dalton's break-up value without Strachan not worth .18 cents and with Strachan .65 cents.

Scotchman
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