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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Peter Berkman who wrote (7636)1/15/1998 4:32:00 PM
From: Alan Wojtalik  Read Replies (1) of 9164
 
<Why would all these companies come on board and be involved
in the project if they thought it a waste of time and money?>

Keep in mind that many involved will make money on this land regardless of the stock price. Why would the Chinese care if the
stock price of AKSEF is $1 or $10? Shouldn't even matter if they
are working with AKSEF, State Petroleum, XYZ Corp or the govt
of Sudan, so long as they still get their oil. We as stockholders will
only benefit if AKSEF the corporation increases earnings. As of this
point, AKSEF is still a money LOSING machine. IMHO, AKSEF
the stock will not appreciate until AKSEF the company starts
making money for its shareholders.
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