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

To: Richard Mazzarella who wrote (4435)	7/1/1999 6:01:00 PM
From: jackie	Read Replies (1) \| Respond to of 5504

Richard, Did some quick calculations applying a formula from petroleum handbook. You can read it at messages.yahoo.com There should be enough there for everyone to determine their own values of this announcement. Bottom line: there is plenty of oil here and the market is undervaluing HEC. I got 200 million barrels of recoverable reserves from some conservative estimates of size of formation. Regards, Jack

To: Richard Mazzarella who wrote (4435)	7/1/1999 6:31:00 PM
From: Rod Copeland	Respond to of 5504

I don't consider myself an expert, but the numbers look better and the report was definitely positive. I think it was just a way for HEC to say they are optimistic at this time. This wasn't the target zone, but it sure looks like it might be the icing on the cake. If I were guessing, I would look for subdued and low-keyed releases just as this one was. It is too easy to get expectations high before really having something to brag about. I liked how they did this one. Rod.