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


To: kingfisher who wrote (1078)3/16/1999 1:00:00 AM
From: Scotchman  Respond to of 1207
 
Hi Richard,

>> You have completely overlooked the fact that this new gas discovery in central Alberta will add 140 boe net to Tusk.<<

Didn't overlook this Richard, it just has nothing to do with Strachan.
In all my posts I am strictly talking about Strachan.

>>Do not forget that other major players are investigating and may get involved.<<

I feel this is just a smoke screen to try and cover for all the incompetency that's happened in regards to this play. I've been hearing about these majors for months now but still no results.

Money Talks and Bullshit Walks!

Speaking of bullshit, here is what FST spent their Strachan money on,
a 2300 meter exploration well at Ferrybank in central Alberta (Zeta), on a Devonian D-3 reef oil play with the potential for over 100 million barrels of oil.

And here is the result: The Devonian test well at Ferrybank in central Alberta, First Star et al Ferrybank 2-33-43-27W4, did not encounter economic hydrocarbons and has been abandoned.

Ahh! what the hell, it was only shareholders money, lots more where that came from, "right John"! FST's plan was to hit 100 million bbls, due a financing at say .70 cents or higher and then complete Strachan.

Now SMART management would have completed the tie-in to a producing well, drilled the twin and tie it in, watch their stock go up in price, do a financing and then drill a HIGH RISK WELL!!!

I sure hope the suckers, oops! I mean shareholders, are speaking out and phoning the companies involved and raising some serious sh-t!

Scotchman