ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: richard hawkins who wrote (5763)	5/26/1997 5:19:00 PM
From: Zeev Hed	of 9164

Richard: From OILYF reports (they own 10%) the reserves are about 150 MM barrels. Arakis owns more than 70%, a pipe line exists, so cash flow can be rapid, and it is about equivalent to 450 MM barrels in Sudan (since in Sudan they own only 25%). If they find a field (and there are a few of producing fields withing a radius of 50 miles) it will translate to cash flow rapidly. Zeev

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