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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (118)	4/18/1998 4:58:00 PM
From: grayhairs	Read Replies (1) \| Respond to of 486

Hi Scotchman, I think what happened is that TKE kept a "straight up 10% interest" (ie They pay 10% of costs, and have a 10% interest). But, they also "farmed out a 40% interest" (Others pay 40% of the well cost, Tusk gets 20% interest after payout). So, the end effect is that TKE will have 30% interest after payout. And, perhaps the other company that you refer to is in fact Loon Energy (LEY on ASE). Loon holds a small interest (10/5??) in the Strachan play and TKE has a shareholding in LEY. So,in essence, I guess TKE holds more than 30% interest in the play, direct and indirect. That is my understanding in any event. Later grayhairs