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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Reginald de Cologne who wrote (7407)12/10/1997 8:47:00 PM
From: Zeev Hed  Read Replies (1) of 9164
 
Reginald, such certainty! Lets do an excercise, what should it take in cash flow or in proven reserves to get AKSEF to 10? AKSEF will get net of 12.5% at least, of anything coming out. For aksef to go to 10 we need a market valuation of $1 Billion. Discounting future barrels in the ground to $4, means we need 250 MM barrels named for Arakis, or 4 billion barrels proven reserves. Is this impossible? I would say not. And these estimates are really conservative, since they do not account for income generated fro transoporting other's oil in the pipe and other goodies that accelerate initial cash flow. I am not saying that we are going to 10 in the next few months (after all, I am the $2 man around here), but I would not go so far as to say one needs to wait forever either.

Zeev

Zeev
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