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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (332)4/26/1998 11:58:00 AM
From: grayhairs  Respond to of 1207
 
Hi Richard,

I get ~$2.60/share but ....

1) - The Swan Hills WILL be sour (but the reserve numbers I've used do incorporate a shrinkage for sour gas). "SOUR" will not be a surprise to any of the companies involved. They all would have known going in to the play that the Leduc, Beaverhill Lake, Swan Hills and Keg River would be sour!! What's the problem/concern with sour? There are sour plants in the area with capacity.

2) - I've not done anything more as I am certain that it is "reserve addition" (not simply acceleration) and hence NAV addition. I think the planned followup well is supportive of that interpretation, too.

Later
grayhairs



To: kingfisher who wrote (332)4/27/1998 4:16:00 PM
From: grayhairs  Read Replies (1) | Respond to of 1207
 
Hi Richard,

Well, generally a down day but the Tuskers faired O.K.!!

Can see some confidence coming back into the DAL but it looks to me like "shorts" might be controlling FST. I picked up some FST today (just to play with) cause as soon as they cover, they're going to run it so they can "Do it again, Sam!!".

BTW, I wonder where "viper" is. (There's been a noticeable silence from that camp the last few days)

Later,
grayhairs


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