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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (647)	12/9/1999 1:11:00 PM
From: Mantis	Respond to of 1713

Sudan Oil - $450+ mm; US Gum Arabic Sanctions - $10mm Tomas: You misunderstood the question I was trying to understand and answer. Why or why not should the US sanctions against Gum Arabic be a major concern? Answer - the US importation of Sudanese Gum Arabic is only $10 million. Why do the protestors seem to be focusing on the companies involved in the new oil production in Sudan? Because the value of the new oil production/pipeline in Sudan is worth at least $450 million annually. IMHO, you're correct that $50 million net inflow would have a major impact on Sudan's economy. The $450 million oil which Talisman, Petronas, CNPC are providing to the GOS is that much more of an impact. On the other hand, the $10 million gum arabic exports to the US (even if sanctions were effectively enforced) would be miniscule compared to $450 million. So it seems to me that the protestors are focusing on the "more important" issue" - not the minor $10 million Gum Arabic imports - or even the total $50 million Gum Arabic exports. Just clarifying one of the important issues those of us around since the Arakis days need to keep in mind. Also - I've heard the same things you have - that the protests include Lundin Oil as well as TLM, CNPC (see the Asian Wall Street Journal) and Petronas. I heard something about a broadcast on Swedish television about Lundin Oil's role in Block 5A, relative to the alleged forced relocations in the oil regions. Did you see it?