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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: richard hawkins who wrote (5759)5/26/1997 5:22:00 PM
From: Edward M. Zettlemoyer   of 9164
 
Richard, I wander why Chuck Strain is no longer beating the AKSEF drums. He used to be very bullish about Arakis, even suggested that there might be as much as 20 billion barrels underneath their concession. Since then some fundamentals improved (except the stock price of course). Cash calls made, more rigs, experienced oil people coming into management, State St/Sands stock purchase, pay dirt in Oman, ect, ect. I am begining to wander if Chuck Strain see a buyout coming. Ed
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