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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Arktic who wrote (3126)	7/6/1998 11:20:00 PM
From: Ed Ajootian	Respond to of 5504

Paul, Islero was supposed to spud in "early July" last I heard. This date is also repeated in the O&G Journal article in the 6/29 issue. Giving time for the usual Colombian delays I think it is realistic to expect the spudding in a couple of weeks, but it could stretch out into August. They are gonna drill this one a lot deeper than those Seven Seas wells to the north and they expect it to take two months just to get to total depth. Then another month for testing (if necessary). So now we see why HEC did not want the Development Finance Agreements to be convertible until October!