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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (24574)	5/8/2002 10:23:29 AM
From: Joe Copia	Read Replies (2) \| Respond to of 25711

Got DKIN DKIN .03/.04 LAST COUNT WAS UNDER 100,000 Drucker Inc. (the 'Company') is an international petroleum resource company specializing in the exploration and development of oil and gas projects. The Company is listed on the Nasdaq bulletin board under the symbol DKIN. Drucker has signed a farm-in agreement with Tanganyika Oil Company to earn a 20% working interest in their concessions (2530 sq km) in the Gulf of Suez Basin in Egypt by funding 40% of drilling the first couple of exploration wells and by funding 20% of all seismic, subsequent drilling, and other operating expenses to production. Recently , Drucker has entered into an agreement to acquire 10% of the share capital of Santa Catalina (Algeria) Ltd ., a wholly owned subsidiary of Santa Catalina Mining Corp. Santa Catalina (Algeria) Ltd. is the owner of all the shares of Santa Catalina L.H. Lundin (Algeria) Ltd., which has recently entered into an agreement to acquire a 25% participating interest in the Hassi Bir Rekaiz Oil Concession onshore Algeria ( the "Concession") from ARCO Ghadames Inc.("ARCO"). The other participants in the Concession are ARCO (50% - Operator), and Turkish Petroleum(25%). Strategy The Company's growth strategy is to develop and exploit the low-risk reserves whenever the international opportunities arise and present themselves. The Company has sought to capitalize on the opportunities in Egypt and China and has made substantial headway in both countries. In Egypt it has acquired 20% working interest in a 640,000 acre concession while in China, the Company has a 50% interest in a 316,000 acre concession.