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

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To: Stonesouls who wrote (4190)2/12/1999 10:03:00 PM
From: R F B, Jr.  Read Replies (1) of 5504
 
Frank :

Don't believe that HEC is anywhere close to bankruptcy. As has been said here many times before, HEC has a game plan which, if they follow and are moderately successful, we (shareholders) will all benefit.

Islero, although not productive, was not the end all for this company. About 1-2 years ago, it was believed that this contract area [Cambulos] would be their biggest prize. At that time, many of us talked of JV's and the like. HEC attempted this on their own. Possibly bit off a bigger piece than they could presently chew. Now we'll have to share the spoils like we originally planned.

Like you, I believe HEC will (not only) survive, but will prosper. It's just going to take a while longer than I had planned.

Nice to once again see you post.

Regards,

RFB
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