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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Edward M. Zettlemoyer who wrote (7785)2/17/1998 8:11:00 PM
From: Tommaso  Read Replies (1) of 9164
 
After following this thread for nearly a year, I have learned a great deal about the Sudan and about African politics, and some things about geography, geology, and oil drilling methods.

What has proved perfectly useless is various speculations, based on pseudo-information, as to the behavior of the price of this stock.

I would suggest that anyone following this thread totally discount and neglect estimations and guesses about price levels and technical behavior of the the stock's price.

There remains the certainty that there is a huge pool of oil beneath the Sudan, perhaps an extension of the enormous fields in Saudi Arabia. There is also the certainty that an effort is being made to build a pipeline to transport this oil to the Red Sea. And finally, there remains the certainty that there is some sort of threat from the civil war there.

I would suggest that persons that own, or who contemplate owning the stock, pay no attention whatever to day-to-day guesses about the stock's action based on contentious and superficial guesses by self-appointed experts on stock market technical analysis.

Arakis remains an interesting and extremely risky speculation, and also an opportunity to learn a lot about another part of the world.
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