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: Edward M. Zettlemoyer who wrote (7475)	12/18/1997 5:00:00 PM
From: J. M. Burr	Read Replies (1) \| Respond to of 9164

EMZ: This news is really disappointing. Some on the thread will recall that in 1995 Russian Minister for Fuel and Energy Yuri Shafranik was avidly persuing an interest in the Arakis venture. Simply put, the Russian's didn't have the dough and Alexander found his sugar daddy in the bogus Arab Investment group. Last year the Russians were trying to buy into the pipeline operation but were forced to the sidelines when Occidental made a big pitch. As far as I can learn no one was ever very impressed with Russian expertise, and I would suggest that market reaction would have been far different had a Western European outfit won the contract. I went bottom fishing and I was counting on a real December bump. Now I can only hope for a delayed reaction that will move this turkey upward. I wonder what role the former Oxy pipeline specialist who was picked up by Arakis earlier this year will play in this scenario? I would also love to have the Lundin reaction! Tumbleweed.