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

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To: FoxyLoxy who wrote (2604)3/18/1999 10:46:00 AM
From: Sam Lee  Read Replies (3) of 3156
 
You cannot buy a 3.75 million acre concession with completed 3-D seismic like this for $160 mil. In addition, this concession is unique and there are none others like it.

So I can see some one paying $1.40(U.S.) or so for the company w/o regard to the gas deal. That is gravy.

I think your information is not as good since you left the company. Yes, you did your short but you were in a unique position at the time to make that call. You are not in that position anymore.

Hit the road, Jack, and don't come back no more, no more. Go tell it on the mountain.

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