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

To: Syncrude who wrote (399)	5/5/1998 6:42:00 PM
From: kingfisher	Read Replies (2) \| Respond to of 1207

Yes the impatient and the fast money players will certainly bail out with no news forthcoming.Also some brokers will have fun triggering stop loss orders.And there is nothing wrong with taking profits. Noticed that First Star did a private placement at .65 cents with stock trading at .95 cents.Tusk most recent flow through shares were offered at $1.50 with the stock trading at $1.20.This proves that this company looks out for its shareholders and Tusk is by far the better stock to own for speculation on Strachan. Made an attempt to pick up some more at $1.80 but bids quickly filled in above to take advantage of todays weakness. Tusk management were in Toronto recently,and this explains the delay in responding to my inquiry on Meekwap.Management indicated to me that they need a longer production history before they are able to predict with greater accuracy the ultimate productivity of the well.If the ultimate is 1.2 million barrels then asset addition would be about 24cents per share. They have many other locations indicated by 3-D seismic interpretation.Aproximately 15 potential wells at working interests of 17% to 46% for an average of 3.5 net wells. Also noticed today that Loon Energy closed at .50 cents but closing bid was at .52 cents ask was .60 cents.