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

To: Robert McCullough who wrote (755)	7/25/1998 9:23:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 1207

Hi Robert, I agree with a target of that magnitude but will it reach that level upon lifting "tight hole status"?? We are in a difficult resource market right now. FST shouldn't have any trouble staying in the "ball game". Their near term Strachan costs will be land acquisition, tie-in and pipelines and the shallow development wells. They have NO cost related to the next 3 deep earning wells (if drilled) by Apache. Besides, I would suggest that after the frac and subsequent flow test they'll be able to do some "banking" on the basis of the 3-22 well!! Later, grayhairs P.S. -- By comparison, given the same pool size, would you not project that TKE should add about $13/share??