SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (71990)8/30/2000 2:22:19 AM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
isopatch, Chinese intervention in the Sudan is about to make the Arab/African war in east Africa get very ugly.....I hope that the Chinese are ready for their "Vietnam".....

News Article by THE TELEGRAPH posted on August 28, 2000 at 23:53:15: EST (-5 GMT)

Chinese pour in for offensive against rebels

Date: 28/08/2000
THE TELEGRAPH

London: Tens of thousands of Chinese have been moved into Sudan in preparation for an offensive against southern rebels to try to end one of Africa's longest- running conflicts, Western counter-terrorism officials say.

The Chinese, a mix of prisoners and soldiers, have been brought in by air and sea, ostensibly to guard Sudan's increasingly productive oilfields in which the China National Petroleum Corporation is a leading partner.

Colonel Johnny Garang's Sudan People's Liberation Army (SPLA) has managed in recent weeks to advance within 15 kilometres of the oilfields in the Upper Nile region, causing the country's Islamic regime to activate emergency plans drawn up with allies who have interests in the oil project.

These plans aim to crush the rebels from the mainly Christian and animist south and end the 17-year civil war that has cost an estimated 2 million lives.

Since oil production began last year arms have been arriving from Libya, Qatar and China. The ruling National Islamic Front (NIF) is spending $A750million a year
of its oil revenues on weapons, according to Western intelligence sources.

The NIF denies this charge, but last month a Sudanese Army spokesman told conscripts that thanks to the growing oil industry Sudan was now manufacturing ammunition, mortars, tanks and armoured personnel carriers.

The SPLA captured a group of Chinese last week. An internal document from the Sudanese military said that as many as 700,000 Chinese security personnel were available for action.

The Canadian multinational Talisman Energy, the main backer of the pipeline with Chinese and Malaysian national oil companies, has faced public outcry over its involvement.

Reports of thousands of African civilians being killed or driven from their homes to secure the oilfields have led North American consumers to boycott petrol stations and pension funds.

As fighting has escalated, the NIF has stepped up attacks on civilian targets. On Saturday the United States condemned the raids on civilian and relief targets, including schools, hospitals and feeding stations. The SPLA said five such attacks took place last week, making it impossible for agencies to deliver aid.

One aid worker said: "We've all seen the Chinese being brought in and can only pray about what's going to happen next."



To: isopatch who wrote (71990)8/30/2000 9:07:16 AM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Iso, I never studied Elliot that much myself. One of the reasons was that I thought that count business was too open to interpretation. But when those guys get it right, it's a thing to behold.

We had a guy by the name of Gary Burton on the board who used it almost exclusively. Don't know if you were reading the board back during the "dark days" but Gary, nailed the EXACT bottom in crude, down to the penny, and almost in real time. It was the stuff of SI Strictly Drilling legend. Almost as breathtaking as a Nolan Ryan fastball! ;o}

He brought all his stuff that day, brother!