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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (72061)	8/30/2000 11:57:02 PM
From: chowder	Respond to of 95453

Nigeria to increase drilling activity. Nigeria and Sao Tome: What Lies Beneath 31 August 2000 Summary Nigerian President Olusegun Obasanjo made a landmark visit to Sao Tome and Principe on Aug. 28. During the visit, the two governments agreed to jointly explore offshore oil reserves. Until now, exploration had stalled because of a maritime border dispute between the West African giant and its tiny two-island neighbor. While the agreement will resolve that dispute and provide an alternate source of income for the archipelago, it will more importantly provide Nigeria with an ally in its ongoing disputes with other Gulf of Guinea states over maritime borders. Analysis During a landmark visit to the tiny West African islands of Sao Tome and Principe, Nigerian President Olusegun Obasanjo met with Sao Tome-Principe President Miguel Trovoado. The two discussed a maritime boundary dispute and ended the visit by signing a joint oil exploration agreement. more...... stratfor.com dabum

To: pz who wrote (72061)	8/30/2000 11:59:50 PM
From: Doug Schneider	Read Replies (1) \| Respond to of 95453

Undervalued E&P company ABP breaking out today on nice volume. Partnered with EOG (ABP 25% w/no capex) in Texas near Exxon/Arco play 8-17mmcfpd. 35% hedged until october. 14 million more in non-core canadian asset sales closed/ing. Undervalued from peer group. Moved to amex. High insider holdings and highly motivated to bring price above 5.70 by december. The news releases spell it out and check them out at www.abraxaspetroleum.com. Sorry for sticking my nose in your board, but this company is too good not to DD. Check out the price per acreage comparison, it will blow your mind. Good luck all, natgas rules!!