Zeev: Where have you landed from (FTPF)
Well, let's see, I just got off the company plane a few hours ago, but I don't see what that has to do with this discussion. (vbg)
why do we have a higher cost pipe, because we are going with 250,000 BOD rather than 150,000 BOD.
Maybe, maybe not. I think a large part of the higher pipeline cost is due to recent increases in the cost per ton of the linepipe (which is now up to $400 MM of the $968 MM total pipeline cost).
What is the excess capacity for? For IRPPF, or Sand's sister company.
Wrong. According to the Crude Oil Pipeline Agreement, the pipeline was always intended to be a "common carrier", with 40% of available capacity specifically reserved for external third party shipments.
I do not want all my eggs in one basket (Lundin companies certainly do not have all their eggs in one basket).
If you seriously do not want all of your eggs in one basket, then you should sell all of your AKSEF shares tomorrow morning. This company already is a one-project company. If the Sudan Project goes bust, I suspect that Arakis would file for bankruptcy almost immediately.
If Arakis yields to Lundin, they will make a massive strategic mistake, and I'll be out fast. Lundin is nothing short of an oil pipeline thief and we owe it to ourselves as shareholders to resists his efforts to constrain Arakis to operate only in Sudan and force us to finance his pipeline facilities.
This is obviously an emotional statement little supported by facts, so please forgive me if I do not respond.
Razor |
