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

To: Rod Copeland who wrote (4651)	11/1/1999 5:59:00 PM
From: art slott	Read Replies (1) \| Respond to of 5504

Its good to know that along with myself, the company is willing to buy the stock at $1.

To: Rod Copeland who wrote (4651)	11/1/1999 10:58:00 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 5504

Rod, I think they did the right thing by buying back the development finance agreements. This clears up a big cloud that was hanging over the capital structure. It took a lot of guts to part with that much of the nest egg, especially with massive capital requirements in Colombia and $85 mm of debt staring them in the face, but they had to do something. But buying the common is a mistake IMO. Fortunately they are not blowing too much $$$ in this direction though. By any chance do you or anyone else know what size target that LA well is going after? If its a 100 BCF prospect then with a 40% W.I. we could be talking $.25 a share here. Things are starting to get interesting again.