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: Tomas who wrote (7585)	1/8/1998 6:15:00 PM
From: Jim Lamb	Read Replies (3) of 9164

Everyone,I spoke with the co. earlier this week. Nothing really new or revealing.1.contracts awarded, awaiting final paperwork,etc., press release shortly. 2.looking for a new ceo 3.four rigs drilling, reaching target depth and should have some new reserve #s shortly 4. problems in Malaysia not keeping Petronas from making payments to consortium 5.financing ongoing ,not resolved. They used words days, weeks,shortly, for time frame of press releases for new news. FWIW Jim

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