SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (6745)7/29/1997 2:42:00 PM
From: Zeev Hed   of 9164
 
Razor, something does not jive. Arakis received recognition for at least $188 MM in prior expenditure and "value added", thus the partner were asked to put up $565 MM before Arakis puts up a penny, if Arakis needs to come up with $240 MM, that means the total expenditure will be $960+$565 MM, or $1525 MM, which is much more that the current highest estimate of $1150 MM. Are you sure about your number, could it be that some of these $240 MM are "back" year capital expenditures in E&D activities?

Zeev
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News