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: Dan Lisman who wrote (9116)	9/17/1998 8:18:00 AM
From: Tomas	Read Replies (1) of 9164

"The Arakis deal: the steal of the year" From the Canadian Oil & Gas thread, by Kerm Yerman I think the best method of keeping in the market is for longer term objectives -- purchasing shares in those companies that still are positioning themselves for longer term growth. Talisman still remains on top of that list for me. Someone asked me about the Arakis deal. I think that could be the steal of the year. Buckley would not have gotten involved if he felt otherwise. Production in Sudan is no longer a pipedream. Construction of the pipeline is well underway and oil will be on stream by late 1999. Everyone knows Sudan has a ton of oil and forecasts are reasonable. All parties in the joint venture can support financial requirements, a situation which plagued Arakis over the past couple of years. The only negative, and it's a big one, is the political unstableness of the country. Message 5772002

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