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Gold/Mining/Energy : Tusk Energy (TKE)

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To: grayhairs who wrote (988)	11/26/1998 10:12:00 PM
From: kingfisher	Read Replies (1) of 1207

Evening Grayhairs, Noticed that Tusk has updated their web site on November 21 with a buy recommendation issued by HSBC Securities with a 12 month target of $1.60.This forecast does not include the recent interest increase at Meekwap.They claim Tusk can achieve .35cents cash flow (after the dilution of a four million share issue.) At Strachan the upside to Tusk in the Swan Hills is still significant and could reach as high as 200bcf.If successful,Strachan could easily add in excess of $2 per share in value to Tusk. Take Care, Richard

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