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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner
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To: Jeff who wrote (203)11/1/1998 7:45:00 PM
From: Ed Ajootian  Read Replies (1) of 261
 
Jeff,

Thanks for the update, helpful as allways.

Latest rumor on Yahoo is that they are testing the Canacabare as we speak and could announce results as early as this week. But this doesn't jive with ROH's estimate of "early 1999" as the well test date. What does your crystal ball say about that?

It would seem that a successful test of the Canacabare would go a long way for this company, even though any production from that field would be at least a year away. There is a lot of patient money out there that would have no problems at all getting involved in this company now, as long as they knew they had a couple of oil fields to develop.
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