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Harken Energy Corporation (HEC) Message Board

  • caplan9 caplan9 Jan 2, 1998 1:40 PM Flag

    Look at Jr. Players

    If you like Harken you should also look at Jr. players in Colombia International Rochester and Parkcrest(PKC.AL) both grea buys especially at these levels HUGE upside potential regarding Parkcrest they also just bought Colombia Hydrocarbons owned by the individual who helped Seven Seas make the Emerald Mountain discovery and they plan on signing an association contract with Ecopetrol in the Magdelina Basin giving Parkcrest 500,000 acres.

    Also look at Tri-Valley Oil & Gas TRIL they are the second biggest natural gas producers in California and as of Jan. 1 the
    energy market in Calif. is deregulated. Tri Valley has a subsideiry which is pusuing electric power companies so they can buy one
    and then sell the electricity . Also they are potentionally siting on the biggerst gas find in California est. 300bbcf, which if
    it is even at 100 would make Tri Valley the number 1 gas company in Calif. ahead of Arveda Hess. They are trading at around
    $1.05-1.10. Great buying opportunity, the Sugar Hill well results will be in around end of Jan. befinning of Feb. take a look at them
    and their news.

    Alot of analyst are hedging against the oil stocks and moving into natural gas stocks so its worth a look.

    Any input?

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    • At $15 it is only $120 billion! Actually, the drilling results are so uncertain until the wells are tested, and even then the persistency of production is never certain, that I view any number as conjecture, from dry hole to fantasy land. It would appear that dry hole is no longer any sort of reality. At the moment, I am not planning the reinvestment of the CURRENT value of my holding in Harken, much less what it might become.

      Thank you for your thoughts on the new finding technology. I saw a full page ad by Mobil in the WSJ a few months ago talking about horizzontal drilling in offshore activity. It does seem to be a reality.

    • Galveston Bay has been heavily explored, thus, the reportedly
      1 TCF find by TransTexas is quite a feat. 1 TCF x $2 per mcf
      implies $2 billion in potential future revenues - not too
      shabby, huh? 8 billion bbls. x $20 per bbl. implies $160
      billion in potential future revenues, which is the amount some
      on this board just matter-of-factly attribute to HEC acreage
      in Columbia. Somebody's either inhaling, or blowing smoke - which do you think it is? The probably of HEC finding $160 billion in oil is about the same as me winning the Texas
      lottery.

      Oilperson ;-)

    • How well explored would you presume Galveston Bay to have been? In the Wall Street Journal this morning is a story about a "natural-gas gusher" by TTG. I am not a knowledgeable oil person in any technical sense, so I would like to hear if this discovery is a valid indication of the possibilities of new technology finding significant reserves in previously worked acreages.

    • Von Fucofindie or whatever your name is, if you had one once of knowledge you can call what Ive said hype, obviously you dont! I dont think discussing what I own and hear will increase a stocks price I am just trying to pass on useful information so others can have knowledge of events nothing else. Isnt what this message board is all about and it seems we have some very knowledgable people here, I appreciate everyones input.

      I spoke with Parkcrest today, their Chairman is headed to Colombia today to make a presentation to Ecopetrol for the 500,000 association contract Magdelina Basin. Also they said news regarding the Estero well should come out in about 1 week they said things are very promising but nothing more. Also there is news that they have exercised an option to participate in the Mareidoris contract, I think with Harken.

      If anyone thinks I am pulling thier strings pleases let me know, I am only trying to be informative. Thanks.

    • you should know that in the fifties they drld. shallow. hec is going horz., in vert. fractured resv. and know where the oil bearing formations are because of the old oil co.'s previous wk.
      Caplan......hype, hype,hype

    • Please read messages on this board regarding Parkcrest Explorations, a great play and cheap, HUGE upside potential especially beinged aligned with Harken and now putting together a deal so they can go it alnoe with Colombian Hydrocarbons in Colombia, GREAT management!! Read news (PKC.AL)

      Regarding TRIL, yes I own the stock, think there is great upside potential short and long term, they are positioning themselves properly in the deregulated electricity market of Claifornia. Even if they dont hit a 300 billion find they will still move up based on their reserves and future drilling schedule, even if it is a 100 billion find that will still produce alot of interest.

      Also, take a look at a company called Cabec Energy CBNR very cheap, but about to move BIG volume at low price .18-.25 cents but about to merge with the only plastic pallet company in US gain a prorated increase in shares of 40%, they are spinning off the energy company, read news.

      If interested a great analysis site is WSRN.COM take a look. I think we will all know if Harken is for real in the next 1-2 months!

    • Please read messages on this board regarding Parkcrest Explorations, a great play and cheap, HUGE upside potential especially beinged aligned with Harken and now putting together a deal so they can go it alnoe with Colombian Hydrocarbons in Colombia, GREAT management!! Read news (PKC.AL)

      Regarding TRIL, yes I own the stock, think there is great upside potential short and long term, they are positioning themselves properly in the deregulated electricity market of Claifornia. Even if they dont hit a 300 billion find they will still move up based on their reserves and future drilling schedule, even if it is a 100 billion find that will still produce alot of interest.

      If interested a great analysis site is WSRN.COM take a look. I think we will all know if Harken is for real in the next 1-2 months!

    • Their n.tract is updip on the emarld mtn. prospect, could contain 2x the reserves of sev's. their southerly prospect on emarld mtn. may be downdip. their catalina wells are the first horzt. wells in colombia to test a known vertically fractured field,(this was a field disc. in the 50's/60's). Their acre position is the third largest. They HAVE FOuR TIMES THE ACRE POSITION of SEAVEN SEAS, AND A PIPELINE being built to carry production from estero, and a better cash position.
      the leverage of major disc. is in hec, they still have 93% of these high profile prospects, and have the drilling paid for.

    • correction to previous message post

      Gerald R. Ford should read Gerald D. Ford

      bogey_99

    • when i typed this it looked respectable
      but something happened on the way to the message board
      hope you can decipher this code it turned into

      my apologies

      bogey_99

      any suggestion on typing format
      what you type and see isn't what you get

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