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

To: Scotchman who wrote (1077)	3/15/1999 9:43:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

Scotchman, You have completely overlooked the fact that this new gas discovery in central Alberta will add 140 boe net to Tusk.Without Strachan Tusk will soon be flowing 1060 boe!They are currently producing 920 boe. The waterflood at Meekwap has boosted production of the 4-21 discovery well from an average 1409 boe to 1,900 boe. Also do not forget that a deal to increase Tusk's average interest at Meekwap still being negotiated. Of course it is not good news to see more delays at Strachan but have to doubt that all development at Strachan will come to a halt for one year.Odds of a one year delay very low.This play not entirely dependent on Apache.Do not forget that other major players are investigating and may get involved.In meantime it appears that Tusk will use their cashflow for low risk bread and butter type gas and oil plays. Richard