Harken Energy Corporation (HEC) Message Board

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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: art slott who wrote (3935)	12/28/1998 12:21:00 PM
From: Zeev Hed	Read Replies (1) of 5504

Art, if HEC buys back it will spend all of its money and have nothing left for the billion bucks or so investment that the fields development will take, not a very rational approach, unless you have lined up a better financing approach. By the way, the $90 MM (the European deal, face value of $85 MM but with interest it will get to your number by the middle of next year or so) does not mature to floorless status until 2001, I believe, the repricing right now is only for the $15 MM (plus another $15 MM in warrants at the same terms). The big floorless is what will start and weigh over the stock in the future, if and when it creep back to the $6 level or so. Zeev

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