Harken Energy Corporation (HEC) Message Board

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

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To: Robert Sanders who wrote (4086)	1/26/1999 5:21:00 PM
From: Traveling Man	Read Replies (2) of 5504

Robert, They are going to do an expensive acid "stimulation" frac to attempt to open up the formation so they can produce oil. It appears they are not overly optimistic that it will be successful. So,what we have is hydrocarbon evidence in the structure,but no current manner of bringing it to the surface. The price may suffer until some better news is delivered. If the frac is unsuccessful, this will be an expensive technical foulup in the field. SEV has had this misfortune for most of 98. I personally believe both companies are having a terrible time keeping experienced and talented hands there due to fear. Why work there for $70K when you can work here for $50K and no one is sneaking around hoping to blow up your wellhead or your head? If it doesn't improve,both companies are going to be drained of liquidity before too awful long. TM

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