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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Larry Novenstern who wrote (7226)11/4/1997 2:21:00 PM
From: Tommaso  Read Replies (1) of 9164
 
I guess we were all hoping that the US was about to lighten up vis-a-vis Sudan, but it sounds as if the Clinton Adminstration has decided it's time to make some touhg-sounding statements, which can be done about the Sudan without disturbing many Americans. Probably only one person in 1000 has much idea where the Sudan is.

These latest announcements do make things worse.

For Arakis holders, it mainly means that there's no immediate prospect of a buyout by a major Amewrican oil company.

I do wonder what provoked that announcement. There was that renewed interest in Occidental.

I guess we just have to wait out the actual development of the oil field, hoping that pipeline gets built according to schedule.
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