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

To: art slott who wrote (4223)	2/19/1999 9:40:00 PM
From: Robert Sanders	Respond to of 5504

Value, Floorless Mgmt, et al. Traveling Man, Thanks for the input about burning book value. That is precisely my concern and you seem to confirm how easily it happens. I have to believe that is why exploration development has slowed so much for HEC . . . their trying to ride out the storm. Re: floorless, sorry I can't be of help why the company didn't just issue shares instead of buy back. It seems like a no brainer if it were that simple, that's why I not so sure . . . Lastly, re: the comments that Islero was a bust: True, but I stick with what I said before (which I heard from someone more knowledgeable than I), that is, Islero wasn't HEC's first choice of a place to drill, but rather the Columbian government's choice. The one further north, where HEC wanted to go, may still be a winner. I'm out. Bob