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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Zeev Hed who wrote (4118)2/1/1999 7:51:00 PM
From: Greg Burton  Read Replies (2) of 5504
 
Zeev, I understand that HEC contemplates a two stage buildout for the pipeline because of choke points downstream in the existing line. The second phase is the more expensive but would raise the capacity to the multi-hundred thousand range. I confess I do not know the costs, but, of course, half come up front out of Ecopetrol's share when the tap is turned on. The first phase is merely to connect, but would accomodate 40k/bbs.

I understand Faulkner to mean that $4 represents total costs to lift and send to market. Please educate me about capex - it would not be the first time that you have done so.

But where is the announcement? Are there environmental difficulties blocking the permit? The announcement is long overdue without explanation and is causing me concern.

Greg
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