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


To: art slott who wrote (2464)1/31/1998 12:50:00 PM
From: John S. Sturges  Read Replies (2) | Respond to of 5504
 
Art, I saw this. The implications are enormous for HEC. There exists to possibility that SEV has 2.5-4billion barrels in Emerald Mountain. The fact that wells "communicate" indicates a permeable resevoir in which the crude is quite fluid, meaning easy to pump-meaning cheap to get out. VERY IMPORTANTLY, HEC has TEN times the volume in Cambulos and the geology is the same, thus has the upside potential of well over 20billion barrels. Should this be factored into the stock at the current 144million shares outstanding you would have a $227shr. Now lets reasonable. HEC has not drilled a single well in this area however they are showing us that they know what they are doing. Keep watching carefully all the news and insider activity. Best regards, John