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Harken Energy Corporation (HEC) Message Board

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  • dhrosier dhrosier Feb 2, 1998 11:22 AM Flag

    what does george soros know that we don'

    Looking at the 10Q filed 12/17/97 revenues from crude oil sales dropped from $320,000 for the 1st quarter of 1997 to
    $117,000 for the 2nd quarter 1997. With the additional reserves and well testing this is counter intuitive. Of course, it may have to
    do with the fact that they are still transporting oil by truck or perhaps they deliberately slowed the flow after testing was
    completed. Since you seem to be a bit of a cheer leader for 7 Seas perhaps you can provide us some insight. Thanks. DHR

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    • Crude oil sales for Seven Seas relate only to oil produced
      while testing individual wells. When you begin talking about
      moving 100m to 200m BOPD, you have to start thinking "pipeline".
      SEV won't begin selling oil until they build an 80 mile line
      to connect to an existing Ecopetrol line in approx. 12-15
      months. IF HEC should be so fortunate as to find oil at
      Cambulos, or any other block for that matter, they will then
      enjoy the same dilemma. Of course, if HEC finds 1000 to 5000
      BOPD, then trucks are the most efficient means to market.

      Oilperson ;-)