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

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To: bully who wrote (9156)7/8/2002 7:14:14 PM
From: Ken Reidy  Read Replies (1) of 9164
 
Another Strange twist to the Arakis story:

India's Bid For Talisman's Sudan Asset "Bizarre" - Analysts

India 's state-run Oil and Natural Gas Corp. (P.ONG) has relentlessly pursued Talisman for its 25% stake in the controversial Greater Nile project since earlier this year, finally announcing Monday it was days away from closing the deal for US$750-million.

Talisman refuses to comment on the proposed sale, leading analysts to speculate it has serious concerns about the so-called negotiations.

"We've never seen anything like this where a potential purchaser lays out its cards on the table for everyone to see," said Martin Molyneaux, with FirstEnergy Capital Corp. "I'm dumbfounded why the news leakage is coming out of India ."

Read entire story at:

biz.yahoo.com

Good old Arakis....the first stock i ever owned!
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