Harken Energy Corporation (HEC) Message Board

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

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To: Ed Ajootian who wrote (4168)	2/10/1999 7:09:00 PM
From: Rod Copeland	Read Replies (1) of 5504

Ed, I can promise you one thing. Harken will find a partner if they want one. You have underestimated the abilities of Harken by light years. They have the contacts and knowledge to bring onboard all the partners they need. My best guess is that you, nor anyone else, outside of Harken knows how PKC and ROH were "really" treated. Stockholders perspectives are just that. You should also try to understand the mentality of oilmen. They don't give a rat's ass how you treated the previous partner. They always think they're smarter than the previous one, or they wouldn't be making a trade at all. I don't mind being vented at. I usually try to think things through before exploding in public. Missing the zone is not a big deal when you are drilling over six miles from the nearest well in a highly faulted region. Hell, this well was a rank-assed wildcat. It was a crap shoot that was worth taking. It was a good deal! It just didn't work. Everyone would be whistling a different tune if it had hit. Now its the "crybaby blues" that comes with every dry hole. You are right about raining on the parade though. If the production was from the lower zone, then the dream of the SEV field extension is not looking too favorable, and who knows if the the lower zone is of significant reserves to develope. So I agree with HEC. Lets finds some partners to spread the risk to. There will always be those who will roll the dice on such a play. (You'll see.) The possible rewards will justify the risk. I think that this play will be on hold until oil prices recover some, and it becomes even more attractive. Don't throw in the towel just yet on the Cimmarrona too quickly. Sometimes there are reasons for not sharing everything you know when it can be detrimental to your business. And in a round about way you are looking after the stockholder's interest too. Best Regards, Rod

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