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 (4095)	1/27/1999 10:32:00 AM
From: Rod Copeland	Read Replies (2) of 5504

Art, The bit proved a lot, but not enough. There is oil in a reservoir rock where HEC drilled. This could be an extension of the SEV reservoir, but you can't really tell. Even if the HEC well was an excellent productive well, it is too darn far from the SEV well to make a solid judgement. That is what I have said all along. The Harken well is just too far from SEV. The best way to find out is to start drilling wells in between the two. From what I hear about the fractured and faulted nature of the geology, I have a lot of trouble believing both SEV and HEC are sharing the same reservoir. But now that HEC has found hydrocarbons it adds more to the credence of the possibility. Now is the time to acquire more HEC. Gosh, they have found more oil and have gone to school on how to get to it. If it happens to be the same reservoir as SEV then it is going to be a massive find. But even if it is not, it still may be huge. This is not a daytrader's stock, and the best one can do is buy when the daytraders are overanxious and impatient. I wish I had more dry powder. Rod

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