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

To: Robert Sanders who wrote (4086)	1/26/1999 11:31:00 AM
From: Don Crespino	Respond to of 5504

Who knows what they mean. I do know one thing, what it feels like being up a creek without a paddle. Seems to me theres a whole lot more going on than what they've told us. I was hoping we would have some type of an update on everything, not just Islero. The next thing well hear is that rainy season is upon us and prevents further testing until dry season. DJC

To: Robert Sanders who wrote (4086)	1/26/1999 5:21:00 PM
From: Traveling Man	Read Replies (2) \| Respond to of 5504

Robert, They are going to do an expensive acid "stimulation" frac to attempt to open up the formation so they can produce oil. It appears they are not overly optimistic that it will be successful. So,what we have is hydrocarbon evidence in the structure,but no current manner of bringing it to the surface. The price may suffer until some better news is delivered. If the frac is unsuccessful, this will be an expensive technical foulup in the field. SEV has had this misfortune for most of 98. I personally believe both companies are having a terrible time keeping experienced and talented hands there due to fear. Why work there for $70K when you can work here for $50K and no one is sneaking around hoping to blow up your wellhead or your head? If it doesn't improve,both companies are going to be drained of liquidity before too awful long. TM