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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (7227)	11/5/1997 4:20:00 AM
From: Edward M. Zettlemoyer	Respond to of 9164

Tommaso,<These latest announcements do make things worse. For Arakis holders, it mainly means that there's no immediate prospect of a buyout by a major Amewrican oil company.> I bought this lemon for it's vitamin C. A takeover bid would create a sudden price increase, but if sucessful would put an end to the exploration opportunity Arakis has to offer in Sudan. The way I see it the State Department seems to be acting as a poison pill preventing a takeover bid while Arakis builds up the reserves to elevate the stock price and survive. Ed