Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Sprintcar who wrote (105989)	5/29/2002 9:35:21 PM
From: StocksDATsoar	Respond to of 150070

Doesn't Lance, Speedy and Copia = The 3 Stooges? ON THE FLOOR IN HEAVY TEARS....

To: Sprintcar who wrote (105989)	5/29/2002 10:11:42 PM
From: jmhollen	Respond to of 150070

Shoot.......... Huey, Dewey and Louie were going to get my vote. :-) .

To: Sprintcar who wrote (105989)	5/31/2002 9:18:33 AM
From: Joe Copia	Respond to of 150070

DKIN news. 32.4mil OS .018 x .025 tightly held: Drucker's Sale of West Gharib 20% Completed Drucker's Sale of West Gharib 20% Completed Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 31, 2002--The Board of Directors of Drucker Inc. (NASDAQ OTC-BB: DKIN) ("Drucker" or the "Company") wishes to announce that the Company has completed the sale of its wholly-owned subsidiary Drucker Petroleum Inc. to Tanganyika Oil Company Ltd. The disposition include the Company's 20% in the West Gharib, Gulf Basin in Egypt. The Company has received US$250,000 and securities of Tanganyika Oil Company Ltd. which consist of 200,000 common shares at a deemed share price of CDN$0.50 per share and 800,000 special warrants convertible at no cost into 800,000 common shares also at a deemed share price of CDN$0.50 per share. Before November 1, 2002, Drucker may cancel the special warrants and Tanganyika Oil shall pay US$250,000 to Drucker. All necessary regulatory approval has been received. In exchanging a cash settlement and securities of Tanganyika Oil Company Ltd. for the Company's 20% interest in West Gharib, Drucker has become a shareholder of Tanganyika and this should mitigate our exploration risks and future cash calls while retaining exposure to West Gharib, Egypt. Hana-9, the first well of the current three-wellexploration program on the onshore West Gharib Block, was successfully drilled within the Hana field to a total depth of 6,550 feet, ending in the Middle Rudeis sands. The well penetrated the targeted Upper Rudeis sands just below the oil-water contact. However, the well encountered 45 feet of net oil pay in the upper Kareem reservoir, further extending the Hana field to the west. The well was completed as a Kareem producer and put on production in February 2002 at an initial rate of 800 barrel of oil per day (b/d). The second well, Hana South-1, was drilled reaching a total depth of 5,500 feet. The Rudeis target in this well was encountered just below the oil-water contact. However, the well encountered a new separate reservoir in the upper Kareem formation. On testing, using a down-hole jet pump, the well flowed 1,800 b/d and after a cement squeeze operation, the well was re-perforated and flow tested approximately 100 b/d of 13.2 degrees API oil with significant quantities of water using a down-hole hydraulic jet pump. A traditional beam pump will be employed to carry out further well performance evaluations. The third well, Farag-1, spudded in mid-March 2002 and is testing a new structure located 12 kilometers (7 1/2 miles) northeast of the Hana field. The well is targeting the Miocene Upper Rudeis as well as the deep Nubia reservoir. There are several offshore giant oilfields with Nubia reservoir in Gulf of Suez Basin (such as July oilfield with 1.3 billion barrels of Original Oil in Place) but they are expensive to drill. The well has reached its target depth of 10,507 feet and logging of potential payzones shall commence. Besides our interest in Tanganyika Oil, the Company plans to seek other investment opportunities. The Company also may buy back its ownstock from time to time at market prices with no specificity. Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economical and political factors, fluctuations in international and local oil prices, as well as the inherent risks of exploring for oil and gas. Drucker disclaims any obligation to update any such factors or to publicly announce results of any revision to the forward-looking statements contained herein to reflect future events or developments. ON BEHALF OF THE BOARD OF DIRECTORS (Signed) Gerry Runolfson, President --30--cee/cgo* CONTACT: Drucker Inc. Gerry Runolfson, 604/681-4421 Fax: 604/681-4355 Ernest Cheung, 604/689-4407 Fax: 604/408-8515 investors@drucker-inc.com URL: www.drucker-inc.com