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

To: kingfisher who wrote (1163)	10/14/1999 12:44:00 AM
From: grayhairs	Read Replies (2) \| Respond to of 1207

Hi Richard, I can add very little to what you and Scotchman have stated in your last few posts. Apparently the Strachan 3-22 Swan Hills was producing at a rate of ~8 MMCF/d, today !! But, that rate can be expected to decline somewhat as the flow stabilizes. Nonetheless, it is nice production into today's AECO 'C' pricing that hit $3.85/GJ !! At least gas prices have strengthened while we waited for this day. The dually completed Carvel well continues to perform well and is still producing ~2 MMCF/d. The first Meekwap well is an exploration well (TKE 20%BPO/32%APO) and should spud in 10-15 days. The second to be drilled is a Meekwap Unit well (TKE ~18%) and it will be drilled shortly thereafter. I sure hope that 3-D seismic interpretations are accurate here. That could of course set up several additional locations. The d-90-J well in NEBC awaits tie-in while drilling has just been completed on b-95-K and the third location is licensed. Apparently, they hope to remedy some operational difficulties with the new underbalanced drilling technology before they drill that location. While TKE will not confirm for me, Renata has stated publicly that they may drill up to 6 wells on this property this winter. TKE did participate in the acquisition of additional lands and the AMI is now about 47 sections. Obviously, this prospect will also be very key to TKE if it is to become a new core area to the larger Renata. PHHFVI, as they say in "the trailer park". Have a very pleasant evening. Later, grayhairs