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

To: ISPYOIL who wrote (4674)	11/10/1999 11:24:00 AM
From: Razorbak	Read Replies (1) \| Respond to of 5504

Penny Stock? ISPYOIL: HEC is now a "PENNY" stock Duh!!! Harken has been trading at $2.00 and under off and on since January... quote.yahoo.com pennystockinsider.com Where have you been in the last 11 months? ;-) Razor

To: ISPYOIL who wrote (4674)	11/10/1999 5:54:00 PM
From: rohheck	Respond to of 5504

Since you have been gone for a while it might be worth pointing out that they now have 55mm at their disposal for development of the Bolivar. This came about as the result of a loan from the IFM. They are not hurting for cash, recent data per Strain report of Nov. 1999 says they have 40mm in cash. Added to the 55mm they are looking at 95mm for operating funds and development. I would not count them out. Earnings will be out Monday, I expect to see a positive number for once with the aquisition of Xplor. Also drilling a deep well in the south on #1480 I believe it was. I understand this is where the blowout well was drilled years ago. It sounds like they are going for an elephant of a gas well. Comments are welcome, I would like to know more about the Louisiana well. They said it was being drill from a platform in 12 feet of water. I really respect the knowledge and experience on this board. Is it an arm and leg above that crap on the Yahoo board. I have been a holder of Harken stock for 2 years now and just bought more today at 15/16. You know what they say about a fool and his money. By the way, there was 1.2 million shares on the bid when I tried to buy today at 7/8. With that kind of demand we are not hurting for buyers of the stock. Best of luck to all in the investments.