Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: Zeev Hed who wrote (7242)	11/5/1997 9:18:00 PM
From: g.w. barnard	Respond to of 9164

zeev, at one time had thought the brothers might start a bidding war, this could happen (albeit remote at this time). you may yet reign as the two dollar man again. i hope not but conditions seem to be deteriorating. it will be interesting these next few weeks. gw

To: Zeev Hed who wrote (7242)	11/6/1997 12:06:00 AM
From: Timelord	Read Replies (1) \| Respond to of 9164

Zeev: This little tidbit from fed filings may answer your question. Anything to do with the Great Sandworms sudden departure? 11/04 Sands Mulling Add'l Ways To Enhance Arakis Value FORM TYPE: 13D Amend #3 ISSUER: ARAKIS ENERGY CORP. SYMBOL: AKSEF FILER: Sands Petroleum AB et al Contact: Charles B. Crowell (214) 696-3200 CLASS: COMMON SHARES OWNED: 8,624,800 9.8% TRANS: PURCHASED 10/09/97-10/29/97 1,069,000 $3.27-$3.73 NARRATIVE DESCRIPTION: WASHINGTON (FFBN) -- Sands Petroleum AB will continue to consider other courses of action to enhance Arakis Energy Corp. shareholder value including, among other things, seeking additional representation on Arakis board of directors, contacting other large Arakis shareholders to determine their concerns and ideas and proposing candidates for management positions. Sands has not formulated, as of yet, any specific extraordinary plans. Sands purchases of Arakis common shares were effected on NASDAQ and includes block purchases of 200,000 at $3.27 on Oct. 9; 300,000 at $3.47 on Oct. 10; 100,000 at $3.65 on Oct. 17. Additionally, as reported, Sands designee Charles B. Crowell was nominated to the Arakis board of directors on July 30. I suppose the good news is that someone is buying Arakis shares <BG>. I have my GTC buy at 2 7/8, perhaps I will see you there? (I suppose I could just wait until after the merger between IRPPF and Sands, but I don't like the price they paid for the shares <BG>). Alex