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

To: Edward M. Zettlemoyer who wrote (7349)	11/26/1997 7:38:00 AM
From: Marantz	Read Replies (4) \| Respond to of 9164

Edward M., While I had K. Dow from Arakis I.S. on the phone two weeks ago, I asked about the Oman concession which will be lost soon due to lack of commercial results. She wouldn't commit to a definite course of action. She felt that they might negotiate for a different concession rather than extend the agreement they have for the parcel they crapped out on. I agree with what you said about end of year portfolio management affecting stock prices. In the case of our beloved Arakis, I'm afraid we're looking at tax selling. At under $3 per share, hardly anyone has a gain to lock in. Almost everyone has a loss they could use to reduce their tax liability. Hey Zeev, my ancestors were kicked out of Spain too (among other countries.) Marantz

To: Edward M. Zettlemoyer who wrote (7349)	11/26/1997 2:19:00 PM
From: Jim Lamb	Respond to of 9164

Ed and all. Another possible reason for the recent price drop is in sympathy with the rest of the oil stocks. They have been hammered lately, evidently OPEC is due to meet soon and talk is they might increase production = lower oil prices. Idle speculation on my part. I had some E-Mail correspondence with Kristine last month and she stated China and Malaysia were making all financial payments to the partnership and seemed "very enthusiastic" towards the project. There is quite a bit of online discussion lately on the Sudan website about AKSEF,I must say it's really not very usefull, but mabe in the future who knows.It is the most complete source for news on Sudan I have found. sudan.net. Jim