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

To: Larry Brubaker who wrote (7338)	11/23/1997 7:15:00 PM
From: LARRY LARSON	Respond to of 9164

Hi Kids- A "hunting trip" near El-Obeid, where the Sudanese refinery is located: .c The Associated Press CAIRO, Egypt (AP) - One Arab was killed and 19 Americans injured in an attack by unidentified assailants in central Sudan, Egypt's Middle East News Agency said Sunday. The victims were on a hunting trip in Kordofan state, about 250 miles southwest of Khartoum, the capital, when they were attacked Saturday, the agency said. The report could not be independently confirmed. It gave no details of the attack or say what could have motivated it. The agency said the man who was killed was a citizen of the United Arab Emirates, and that the Americans were being treated in a Khartoum hospital. The U.S. Embassy in Cairo said it had not heard of the incident. The U.S. Embassy in Nairobi, Kenya, which looks after Sudan, was closed for the weekend. The site of the attack, near the regional hub of El-Obeid city, is north of the southern Sudan region where the government is fighting a rebel insurgency. The United States government advises its citizens against traveling in Sudan. Washington recently broadened economic sanctions on African nation, accusing its government of human rights violations. AP-NY-11-23-97 1741EST

To: Larry Brubaker who wrote (7338)	11/23/1997 9:23:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 9164

Larry: Pages 14 and 15 of Arakis' 1996 Form 20-F describe how the capacity of the export pipeline (a.k.a. the "Transportation System") will be allocated... "... The Transportation System is to have base capacity to transport crude oil from the Contract Area under the EPSA and excess capacity to transport crude oil from the Contract Area and from other oil fields. The Government of Sudan committed not to construct or operate any other system for the transportation of petroleum within the vicinity of the Sudan Concession and along the route of the Transportation System, and agreed not to permit any person other than the Pipeline Company to do so. The Transportation System is to be operated on a "common carrier" basis. The Contractor is to have first right to base capacity in the Transportation System and producers from other areas are to have first right to excess capacity. The exclusive right described above will be lost to the Contractor and the Pipeline Company if the Contractor fails to make additional capacity available to third parties after having agreed to do so by a mutually agreeable date and on suitable terms. In that event, all capacity in the Transporation System would be made available to all users on a common carrier basis. The COPA calls for the Transportation System to be designed initially to transport at least 250,000 bbls/d, and 60% is designated as base capacity and 40% is designated as excess capacity. The Transportation System is to be financed, designed, constructed, maintained and operated in accordance with generally accepted international norms and is to be planned and implemented concurrently with, and subject to, oilfield development plans. The interests of the Contractor parties in the Transportation System are the same as in the Consortium." Hope this clarifies. Razor