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: Razorbak who wrote (6729)	7/28/1997 10:13:00 PM
From: Zeev Hed	of 9164

Razor: The pipeline cost was about $950 MM when sized to 150,000 BOD. Now it is about $1150 MM, some of the increase (I doubt more than $50 MM) could be due to increased pipe costs, but the majority must be capacity expansion. It would be nice to get corroberation on the current and winter costs of steel pipe per ton (also the difference between 24" and 28") to settle this issue. What is wrong with you? No more emotions? <VBG>, not even response to my "emotional outcry" about oil robbers and "pipeline confiscators"? Gee, you even forgot to ask the meaning of FTPF? Frankly, I think that the general shareholders should recognize that Lundin is not interested that much in his investment of about $40 MM in Arakis shares, but much more in assuring he can get the oil out of there without coming up with $600 MM for hiw own pipe. If he does not strike a deal fast, the other drillers in the area (China and of course his own Malaysian partners in 5A) are going to grab the capacity. That is why he wants to have some control over Khan or have his man in. The rest (loans etc.) are just Canards. Zeev

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