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

To: Scotchman who wrote (687)	6/24/1998 8:01:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

Thanks for the update Scothman, I am also still buying and believing.Analysts outlook on Nat gas may be a tad optimistic but you never know if this heat wave keeps up. Texas is sure draining that Gulf Coast field with temperatures hitting 106 degrees in the shade.New York Nat Gas now trading at $2.36 U.S. or $3.37 Canadian dollars.Keep them air conditioners humming. I contacted Tusk concerning the recent financing to check if the terms may be altered because of stocks current weakness and no this financing is a done deal ,full steam ahead money is in the bank! Your comment on investors taking a nap for the summer echoes my sentiments exactly. Richard

To: Scotchman who wrote (687)	6/25/1998 1:41:00 AM
From: Michael M. Cubrilo	Read Replies (1) \| Respond to of 1207

Scotchman, I am not sure how you came up with the "if gas is $5.00 that would put oil at $50.00..." statement. The price of the two commodities are driven and affected by different market forces so if gas is in demand and the price is high, that does not mean that oil prices will follow. Oil could still be worth $13.00/BBL US even if gas was trading at $5.00/MSCF. Perhaps you were thinking of the standard conversion used in the oil patch for production on a Barrel of Oil Equivalent Basis or BOED, which refers to 1000 BBLS/D = 10 MMSCFD of gas mike