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

To: grayhairs who wrote (513)	5/26/1998 10:35:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

Hello again Grayhairs, On a day that the tse dropped 140 points and oil and gas stocks continue to tumble Tusk just keeps holding its own in a very respectable manner.Based on the information you have shared with us I can understand why the stock continues to perform so well. We may see $3 sooner than expected. Here are excerpts from Tusk 1997 annual report Message to Shareholders. OUTLOOK We hope to drill up to 4 more wells(17%to 46%) at Meekwap,all on anomalies defined by interpretation of 3-D seismic,prior to end of 1998.New wells,if drilled into the highly pressured southern part of the pool,typically will produce in excess of a 500 bopd average during the first year of production. At Strachan,production testing during the summer will enable a determination of reserves and production rates.A decision on further drilling of this prospect will likely be deferred until testing is completed. ............ End of Excerpts .................... Grayhairs do you have any more info on the Entwistle prospect? Thanks again for the conference update. Take care, Richard

To: grayhairs who wrote (513)	5/26/1998 11:27:00 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 1207

grayhairs/ following up on the general SEPAC dog-n-ponies......... what numbers are being currently tossed about for '98 averages re: oil & gas pricing? Posted earlier ponder at Cdn. oils thread asking for similar perspective........ $1.80 - $2.00 per mcf for gas is common for cdn. gas pricing this year I think. What about oil? Most estimates at earlier part of year seemed to be using $17ish us West Texas Intermediate benchmark. At today's presentations was there any sense of possibly lowered expectations for oil pricing? Just curious. General comments appreciated.