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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 (7616)	1/13/1998 6:41:00 AM
From: J. M. Burr	Read Replies (2) \| Respond to of 9164

EMZ: I think by now you know my strategy with AKSEF. It is what I call a "week-end" stock, i.e., "in and out in 48 hours". At present I hold no position, but have a serious buy order for $1.5 Having tested that level, should it occur, experience leads me to believe that there will be an almost immediate rebound permitting me to clear my +10-20% and thus keep me in quality cabernet. If you will note messages 7566 and 7567, the last time I tried this was when it hit 2, and I chided Zeev for not buying in. I am still bottomfishing and haven't the foggiest when this baby will hit bottom. Sure I can lose. But AKSEF has not disappointed me yet. I think those who hold a long position over the long run will only achieve some return when AKSEF is gobbled; and when that happens, I think they will be unhappy with the price. As for the pipeline construction; I can't get a clear picture now of how it is to be financed. Complicating matters for the moment are the financial problems in Asia (Malaysia and China). You may think I'm nuts but it wouldn't surprise me to see Malaysia sell-off a piece or all of its Sudan concession. Remember, last March it was announced that the agreement would be reached by year's end. I have argued before that to protect one's investment in AKSEF it might be a good idea to check out the Lundins. Like it or not, the family has cash, is diversified with at least 10 seperate mining/oil holdings, and if it hits paydirt on its Falkland venture could really move upward. Nuf said. Tumbleweed.