Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (162)	7/10/1998 11:36:00 AM
From: Jeff	Read Replies (1) \| Respond to of 261

Parkcrest chat: Here's what they say. No more wildcats in alcavaran/miradores- PKC is happy with two hits and have refused HEC's request for another 3.5 mil for two more wells. (They're not thrilled with how Harken handled the Estero's) Escondido contract will be announced soon. JV with Ecopetrol. 10 million dollar financing in place out of New York. (didn't ask how, line of credit or what- oops) Private placements from 1.10 to 1.80 all on board- current dilution is just over 13 million shares. Still no word on 90 day testing of Estero or 3-d. Trucking begins July 19. PKC still paying for part of pipeline, and development of Estero and Canacabare wells. Loan to Harken will be paid off with financing from New York. Then they are off to chase the big one in the middle magdalena valley Escondido runs along the same fault as Emerald Mountain. Hope this helps. Will be away til Monday.