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

To: David Shie who wrote (3265)	7/16/1998 4:13:00 PM
From: Arktic	Read Replies (1) \| Respond to of 5504

Point of clarification: It is my belief they have already "scored" some big hits although at present they cannot book highly "probable" reserves as "proved". The Cambulos is icing on an already very healthy cake. Without any further "discoveries" they already have very substantial probable reserves based upon the geology surrounding the "proved" reserves on the books. I remain quite bullish regarding HEC and am holdin', not foldin'. Paul L. Craig

To: David Shie who wrote (3265)	7/16/1998 8:56:00 PM
From: Gator II	Respond to of 5504

David, congratulations for an excellent, common sense post. I am one of those HEC owners who has sharply reduced (not sold all, mind you), his holdings in HEC directly as a result of all this controversy over "floorless" which Zeev clearly initiated and has actively promoted on both this thread and the "back channel" I provided here previously (Post #3218). The reason I lightened up in HEC was for the simple reason that the market doesn't like uncertainty and I was (still am) and obviously other investors are, too, still uncertain over the issue Zeev has raised. Should this all prove to have been a scam, I will, as others undoubtedly will be, more than a mite upset. Why? Because I booked a significant loss by reducing my market exposure in Harken. Of significance, I believe, is that in the post which immediately preceded yours tonight, it appears Zeev is backstroking a bit (which does provide hope that this issue will soon fade out), to wit: >>"...but HEC has three securities (each differing from each other mind you) with some degree or another of a floorless conversion feature. The RGC owned $15 MM preferred F (with 5% interest), will be taken out one way or another by April next year,..."<< per Zeev Hed Perhaps as a result of many attempts (especially those that were rational) by posters here and, yes, even on Yahoo, too, truth, (or at least partial truth and maybe even motive and agenda, too) has been demonstrated and those of us in HEC are even more aware of the degree of risk we undertook by choosing to own HEC. At the very least, I believe this is one of the primary benefits of subscribing to and participating in this message board. Of course, I still believe there could be much, much more here than what is now readily apparent. Gator II