ABC - Abacan Resources, Nigerian Oil $$$ Message Board

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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$

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To: Rod Copeland who wrote (2479)	2/13/1999 10:01:00 PM
From: Sam Lee	Read Replies (3) of 3156

Don't be too sure. I am holding my stock. Just a hunch, folks, just a hunch. Some one is buying all you want to sell at 7/32. Mr. Stephens said publicly last Spring that he was giving priority to dealing with the debt. He has said nothing since. I am interested in seeing the annual report. We have $10 mil or so insurance money due from the X zone blow out. We have an interest in the X zone. We have the Benin acreage and blk 4 and, as I recall, we have a MOPU that I think has equity in it, but I don't know what it is worth to us in net value. We know operating expenses are minimum. We know that we have met our blk 4 requirements until about June 2000. We must have some kind of blk 4 seismic. Anyway, I'm holding. Someone is doing something or no one sane would sign on as a new board member. It would be a waste of time. All IMHO.

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