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

To: saif who wrote (801)	8/27/1998 11:41:00 AM
From: grayhairs	Read Replies (1) \| Respond to of 1207

Hi saif, RE: "It is clear that the Market don't share us our dream of a major gas discovery. Usually there is enough insiders buying to hold the stock price at a reasonable level that match the size of a discovery." a) Could it perhaps be that even the insiders and "smart money" that participated in the Private Placements at $1.95 (and higher) are now also a bit strapped for cash ? If they were long the general market back then, their portfolio values are now almost certainly down from what they were 2 months ago. b) Could it perhaps be that the insiders are aware of the security regulations pertaining to insider trading and that they are also aware that the exchanges closely scrutinize trading in junior resource companies which invoke "tight hole" status. Please do recall that it was the TSE that halted trading in TKE back in late April and requested that TKE explain their trading activity at that time. To my knowledge there has been no additional Press Release with respect to Strachan related activity since that time and as a consequence insider trading might not be very prudent. c) Could it be perhaps be that the insiders recognize that their companies risk losing their entire interest in this play (and more!), if a "leak" were to damage the group and said leak could be proven to have originated with their company ? Perhaps there is just cause for the current icy cold silence in the air !! d) Could it perhaps be that the market knows something that we do not? (How's that for hype??) RE: "What is going on is not normal, ...." If you mean that what is going on in the market is not normal, I do not pretend to understand the market so I have no comment. But, if you mean that what is going on "operationally" is not normal, then I very strongly do disagree. Operational activities are very much as expected (and predicted) ~3 months ago. RE: "...what is the value of Tusk..." In addition to any value you attribute to TKE's current ~840 boepd production, you'd have to add the value of their land inventory and exploration prospects, the value of the additional future development wells to be drilled at Meekwap, the value of their proven (per Holton's comment at the SEPAC meeting) Strachan shallow gas, the value of the Strachan deep discovery, and of course the value of their shareholding in Loon Energy. Of course, all liabilities would also need be considered (More hype!!). Gone golfing/scouting !! Later, grayhairs P.S.-- I recently came across a restaurant in Swift Current, Sask. that serves a "very decent" poutine, believe it or not!!

To: saif who wrote (801)	8/27/1998 2:00:00 PM
From: kingfisher	Respond to of 1207

Saif, Grayhairs already touched on comments from Norm Holton in late May at a SEPAC conference.Tusk was trading at $1.95 and Norm said that "Our current share price does not come close to the value of our assets". The Meekwap wells will also add to N.A.V. Also the President of First Star Energy at the shareholder meeting with First Star trading at .70cents."Shareholders should look at tight hole status has being very positive for this company and should not be so anxious to sell their shares". Even a modest gas discovery will kick Tusk shares up above $2 which is almost 100% above current levels. The Strachan well when tied in will provide immediate cash flow and look forward to a minimum of 2 shallow wells and a second deep well later on.At a minimum flow rate of 10million cubic ft for the discovery well and an average of 3.5million for the two shallow wells production of 17mmcf per day net 5.1mmcf a day to Tusk @$2 per mcf = $10,200 in revenue per day from Strachan.Cash flow from this should be around $7,000 or so multiplied by 365 days = $2,555,000 divided by 11,800,000 shares fully diluted equals 21cents per share of cash flow from Strachan add 40 cents of cash flow from Meekwap and you have an exit rate cash flow of 61 cents per share.These figures are strictly my own assumptions. If year end Net Asset Value for Tusk does not exceed $3 per share I will eat a brick. Lets hope nobody gets the opportunity to wish me "Bon Appetit" Have a good one, Richard

To: saif who wrote (801)	9/26/1998 9:02:00 PM
From: saif	Read Replies (1) \| Respond to of 1207

I think that we could learn something from my post back in August. and see why the Market treated the Gas discovery news as history ! !!! (QUOTE) It is clear that the Market don't share us our dream of a major gas discovery. Usually there is enough insiders buying to hold the stock price at a reasonable level that match the size of a discovery. What is going on is not normal, and what is not normal is usually fishy !!! But, my question is : what is the value of Tusk without the Strachan gas discovery ? ? I guess it is not far below the current price of the stock ! ! ! $0.80 to $0.90 ! ! ! ! ! ! add to this a modest gas discovery and the total makes Tusk real value about $1.25, any thing below that will always push insiders to start buying more !!!!!!!!! I am breaking my head to understand this play, and if my guess is right then we don't have much to lose at this point ! ! ! ! And if things turn to be really not normal we could be very lucky guys ! ! ! I don't see anybody hyping here, We are all guessing, and the market is not sharing us the same guessing results. Omer (UNQUTE) It seems that tight holes leek news faster than gas. Monica told the White house insiders long before the news ! ! ! ! I don't believe that tight holes exist ! ! ! ! It could be a great opportunity to buy this stock at the middle of the tax loss selling before the year end. Am I wrong ? ? Omer