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

To: grayhairs who wrote (981)	10/21/1998 11:09:00 PM
From: kingfisher	Read Replies (2) \| Respond to of 1207

Hi Grayhairs, I share with you a response from Doug Robertson President of Dalton. I also quote from John Squarek President of First Star"With an area this large there is bound to be differences of opinion as to the size and location of the plays involved.It is important to note that the various different pay zones don't necessarily stack up one on top of the other,and that there may be more than one reefal development,even in the same horizon." Hope you can attend the presentation on October 29th. ....................................................................................................... Sorry for the delay in responding as I was out of town recently. As you are probably aware, First Star has acquired Apache's interest in the Strachan play. This in my opinion is a good thing as Apache has taken the slow approach. First Star is fundamentally in agreement with the other parties about this play and things should proceed rapidly. Tie-in will occur as soon as possible. As far as reserve estimates are concerned, yes we have done internal evaluations, no I will not make them public as I do not publish any reserves for Dalton's other producing property. I do believe the market has heavily discounted Dalton, giving us very little if any value for Strachan or for any upside of Strachan. Sincerely, Doug Robertson President