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.

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

To: art slott who wrote (2381)	1/21/1998 10:28:00 PM
From: Gabriela Neri	Read Replies (1) \| Respond to of 5504

There is a lot of ridiculousness going on somewhere regarding HEC. You dont need to look further than Seven Seas to know that there is a lot of oil in the Magdallena, where HEC has a large amount of acreage under contract. Also, we have seen recently some very savy investment fund engage in a financing transaction on three wells which have yet to be drilled in this contract area. They would have looked at a lot of info in order to make that determination to invest. George Soros just bought a more than 7% percent position in Seven Seas. There is no doubt about the credibility of the oil potential in this contract area. As to whether Catalina has the goods or not, we will see. But have no doubt at all that HEC is a serious exploration play with huge potential and very competent management. Remember that Columbia has a disproportionate amount of billion barrel reserves-witness Cusiana and Cupiaga. British Petroleum and Amoco are not there for their health.