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


To: michael korizno who wrote (7419)12/10/1997 11:35:00 PM
From: Zeev Hed  Respond to of 9164
 
Michael, I am sorry but you are absolutely right, I erred, with 2 billion barrels reserve, Arakis owns 1/8 which is 250 MM, and at current valuation of $4/barrel it is worth $10. Arakis has actually only half of that in categories high enough to cionsider safe bet, but I do expect this to grow quite nicely (their last find, if memory serves was a relatively nice 10,000 BOD).

Zeev