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

To: Ed Ajootian who wrote (4168)	2/10/1999 7:09:00 PM
From: Rod Copeland	Read Replies (1) \| Respond to of 5504

Ed, I can promise you one thing. Harken will find a partner if they want one. You have underestimated the abilities of Harken by light years. They have the contacts and knowledge to bring onboard all the partners they need. My best guess is that you, nor anyone else, outside of Harken knows how PKC and ROH were "really" treated. Stockholders perspectives are just that. You should also try to understand the mentality of oilmen. They don't give a rat's ass how you treated the previous partner. They always think they're smarter than the previous one, or they wouldn't be making a trade at all. I don't mind being vented at. I usually try to think things through before exploding in public. Missing the zone is not a big deal when you are drilling over six miles from the nearest well in a highly faulted region. Hell, this well was a rank-assed wildcat. It was a crap shoot that was worth taking. It was a good deal! It just didn't work. Everyone would be whistling a different tune if it had hit. Now its the "crybaby blues" that comes with every dry hole. You are right about raining on the parade though. If the production was from the lower zone, then the dream of the SEV field extension is not looking too favorable, and who knows if the the lower zone is of significant reserves to develope. So I agree with HEC. Lets finds some partners to spread the risk to. There will always be those who will roll the dice on such a play. (You'll see.) The possible rewards will justify the risk. I think that this play will be on hold until oil prices recover some, and it becomes even more attractive. Don't throw in the towel just yet on the Cimmarrona too quickly. Sometimes there are reasons for not sharing everything you know when it can be detrimental to your business. And in a round about way you are looking after the stockholder's interest too. Best Regards, Rod

To: Ed Ajootian who wrote (4168)	2/10/1999 7:30:00 PM
From: Don Crespino	Read Replies (2) \| Respond to of 5504

Well hello ED, havent't seen you around these here parts lately. I agree with you on almost everything you said but you left out the fact that "ALWAYS" 2-3 days prior to a news release we see the price driven up. (check the volume and price over the last 3-years just prior to release of news). My guess is they knew 2-weeks ago this well was bad and just prolonged the news. Your absolutely right about ROH and PKC they got and are getting screwed. Harken knows they have and had production from ESTERO wells and wont clear them to sell the oil because of deflated price. That my friends is a FACT! ROH was counting on the income to satisfy some of the debt they didn't get it. I would assume PKC was in the same boat only they had enough cash to hold out long enough. Actually I don't care, I sold last week and regardless won't buy back into HEC... It may be fundamentally strong, which I doubt very seriously their Management is purely smoke and mirrors. I won't tell you what HEC cost me over the last 3-years but my friends it wasn't chump change. I listened to everyone saying buy on the dips, buy on the dips. Nice theory but doesnt always work out like it was suppose to. For all of you who stay in HEC, good luck! For all of you new to HEC don't take what you hear on this thread or any others to seriously. Emotion is a funny thing, it will make you do things you might not even consider normally. regards DJC God Bless!