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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Bobby Yellin who wrote (12)6/19/1996 3:34:00 PM
From: oilfinder   of 9164
 
NEWS RELEASE yesterday shows that their latest well is the best to date with 55 m of pay and tests of several 100's of BOPD from separate zone. Calculated to be able to produce 8,000 Bopd. But as we know oil reserves in this concession are not the problem, the pipeline is. However, the more oil they prove up, the more likely someone (BP?) is to come in and build it
Mike Dumestre
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