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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: Edward W. Richmond who wrote (1130)	7/16/1999 2:09:00 PM
From: kingfisher	Respond to of 1207

Ed, This is a complete surprise to me! Not aware that Tusk was involved with a partner in B.C. Checked Tusk's joint venture partner shares (Veterans Resources)and they were kicking around the .40 cent to .50 cent range prior to this drilling activity and shot up to $1.50 before profit taking settled it down to $1.20 or so.They have 15 million shares outstanding and reported 94 boe in 1st quarter of 99.Either they have something pretty significant or Veterans management are great promoters! Tusk with 850 production year end have less of market cap. Sure as hell wish that we could get some news on Strachan. Best Regards, Richard

To: Edward W. Richmond who wrote (1130)	7/20/1999 7:25:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

Ed, Veterans Resources keeps powering on news of this discovery in B.C.Market cap of $23 million. Tusk shares will remain at this level until after 27th.The recently announced financing due to close end of June is still open with lots of flow through shares available at .90cents. With the tax advantages a flow through share at .90 cents is equal to a common share at .80cents. The financing is expected to close on 27th. Actually it would be wise for Tusk to go with what they have on the books now,and if this latest discovery pans out issue more shares later at a much higher price,like about $1.50. Best Regards, Richard