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: Reginald de Cologne who wrote (7407)	12/10/1997 3:13:00 PM
From: BillyJoe McCallister	Read Replies (2) \| Respond to of 9164

four dollars sounds good to me, with the shady mangement of aksef, it will never go any where, this stock should be at ten dollars now. only people making money are the rotten mangement team

To: Reginald de Cologne who wrote (7407)	12/10/1997 8:47:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9164

Reginald, such certainty! Lets do an excercise, what should it take in cash flow or in proven reserves to get AKSEF to 10? AKSEF will get net of 12.5% at least, of anything coming out. For aksef to go to 10 we need a market valuation of $1 Billion. Discounting future barrels in the ground to $4, means we need 250 MM barrels named for Arakis, or 4 billion barrels proven reserves. Is this impossible? I would say not. And these estimates are really conservative, since they do not account for income generated fro transoporting other's oil in the pipe and other goodies that accelerate initial cash flow. I am not saying that we are going to 10 in the next few months (after all, I am the $2 man around here), but I would not go so far as to say one needs to wait forever either. Zeev Zeev