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Gold/Mining/Energy : Tusk Energy (TKE)

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To: Syncrude who wrote (992)	11/23/1998 10:27:00 PM
From: kingfisher	Read Replies (1) of 1207

With oil trading at record lows not much reaction to this very positive news on Meekwap.This increase of interest at Meekwap for Tusk will propel Tusk's production from 832boe to 1,080 boe.Add 150boe net from Strachan in January and Tusk will be producing 1,230 boe in early 1999.With a couple more modest Meekwap hits and more drilling at Strachan expected, better days are ahead for Tusk.That is unless oil drops to $8 a barrel. One positive development on the oil front.A Russian industry minister announced that if production keeps falling Russia will become an importer of oil by late 2000. Richard

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