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

To: Razorbak who wrote (3456)	8/23/1998 5:17:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 5504

Razor, wait a minute, last year they had some 8 millions barrels in reserves on what, about 80 MM shares? Now they have (if memory serves) about 38 millions barrels on 130 MM shares, it comes down to .1 barrel/share last year vs .3 or so barrel/share this year, better I would admit, but look at what the market values a barrel per share, arakis has a net of 1.2 barrel/share and is priced under $2/share, and it no longer has any floorless (those have already inflicted their damage two years ago). Zeev