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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Hunter Trout who wrote (917)1/18/1999 7:42:00 PM
From: Peter G. Troyan  Read Replies (1) of 1261
 
Hunter,
If I remember correctly Arakis had huge reserves and hit a number of large wells on the Helig and Unity fields in the Sudan. The problem was the pipeline, which I believe they needed a billion dollars to construct. They had the oil....but no way to get it to market. The speculation was not over the oil, but that they had found a partner to finance the pipeline. I hope this helps

Pete
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