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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4406)	6/10/1999 10:16:00 AM
From: R F B, Jr.	Respond to of 5504

Zeev : think failure to hold above 2 for HEC could be result of dry hole in cambulos tract. same for 7Seas who came up dry on their latest in emerald mtn area. chuch strain has new report/research out on hec dated 6/4. needless to say it is very bullish on hec. at these levels one could hardly dispute intrinsic value in hec's drilling program in colombia. imo price doesn't reflect what they already haveand stock should rebound pending approval on the 55 mm loan from the world bank to finance the development of the bolivar block. news should be coming in near future (2 weeks?). regards, rfb