Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Timelord who wrote (231)	9/1/1997 2:27:00 PM
From: Zeev Hed	of 2742

Alex, it is not just the Capex in Malaysia that will prevent a play for Arakis, but they also need to start moving on A-5 in Sudan over the next 18 months or they may lose the concession. Actually, I am surprised they are still holding the Arakis stock. I think they will continue to hold it as a strategic position to better influence the venture to support their own effort in Sudan. I am not going to play this one, since now it becomes mostly a Swedish play, and I have no idea how to dig up information on those guys. I am starting to look with interest again on ABACF and actually, CHK may be another one, it withstood the earning report quite well. In both cases (as in Arakis), waiting might not be too hazardous. Zeev

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