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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (228)	12/31/1998 6:06:00 PM
From: Jeff	Read Replies (2) \| Respond to of 261

Deal's done. Are we glad to be a harken shareholder? Mr. Rick Levitt reports The company has obtained shareholder approval for the purchase agreement announced in Stockwatch Nov. 24, 1998 with Harken Energy. The transaction closed on Dec. 31, 1998. With the completion Harken has issued 1,350,000 Harken shares to Parkcrest as well as assuming all debts relating to the Alcaravan and Miradores contract. This gives Parkcrest a positive balance sheet with 1,350,000 shares. Worth 2 bucks U.S. as opposed to 3 when first announced. Still I prefer the odds of a price recovery with this.