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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: FoxyLoxy who wrote (3132)	2/29/2000 1:17:00 AM
From: Arktic	Read Replies (1) \| Respond to of 3156

Foxy: Although I've said it before, I'll say it again. You were right. I had money where my mouth was so I can never be accused of pumping and dumping. This one was a stark lesson to me about the importance of good management followed by financial backing. The geology seemed excellent but utilization of resources was highly questionable as can be seen through the rear view mirror. In any case, my hat off to you for calling this one entirely correctly when you entered the fray. As stated by T.S. Elliot, "In a world full of fugitives, the man taking the opposite direction appears to be running away." In this case, your contrary opinion was not popular on the thread but eventually proved quite correct. Nothing speaks louder to me than success. In this case, your prediction was on target. Although the plug has not been pulled yet, it seems highly improbable that any event will stop the inevitable. Paul L. Craig

To: FoxyLoxy who wrote (3132)	3/3/2000 10:08:00 PM
From: Razorbak	Respond to of 3156

"Abacan Makes Assignment into Bankruptcy" Friday March 3, 6:06 pm Eastern Time Company Press Release Abacan Makes Assignment into Bankruptcy CALGARY, Alberta--(BUSINESS WIRE)--March 3, 2000-- ABACAN(TSE:ABC. - news; OTC Bulletin Board:ABACF - news) Abacan Resource Corporation (TSE:ABC - news; OTC BB:ABACF) announces that it has today made a voluntary assignment for the general benefit of creditors pursuant to the Bankruptcy and Insolvency Act (Canada). All of the officers and directors of the Corporation have resigned effective March 2, 2000. -------------------------------------------------------------------------------- Contact: KPMG Brian Trypka, 403/691-8310