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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Aggie who wrote (6245)6/19/1997 3:48:00 PM
From: philip   of 9164
 
So, the sharks are circling again. Mr.Pluvia, you simply do not have a grasp of the facts. But you do raise a couple of issues which I am happy to address.
Regarding the loan to Mr.McLeod...this loan was collateralized against his options. End of story. Please put this to rest.
With respect to the so-called loss of operatorship...what was negotiated was a joint partnership, with Arakis running the field operations and exploration activities. This has been well-covered on this thread by several of the resident experts. This is normal practice in the industry, and is well-understood by the people that have invested in this company.
With respect to this love affair, as you put it, that I have with McLeod/Khan...I assure you, I am very careful with my investments, and can see very clearly through the detritus that several posters here have flung towards the company. Disinformation will be met with facts. The visciousness of the personal attacks we have witnessed this week on honorable people is most regrettable.
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