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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Razorbak who wrote (5468)5/6/1997 9:22:00 PM
From: Zeev Hed   of 9164
 
Razorbak: You are correct in general terms, but Arakis is still a source of a number of surprises, a potential fight for control, Umm Sagura, other development wells, and these will acclerate since we have many more rigs operating now. Right now the chart starts to look more and more as a coiled spring, it can break down under 3.5 or breakout above 4, I doubt it will break down much under 3.5 because of the intrinsic value, thus the more likely scenario is a breakout above 4.

Zeev
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