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

To: Zeev Hed who wrote (7635)	1/15/1998 3:43:00 PM
From: Peter Berkman	Read Replies (2) \| Respond to of 9164

Zeev, Why should we go below 2 in light of the signed contracts? It also appears the financing will be done and not at the shareholders expense. Why would all these companies come on board and be involved in the project if they thought it a waste of time and money? Why is Sands spending so much money accumulating stock? Their land is adjacent to Arakis in the Sudan and clearly it is in their interest for Arakis to succeed. Am I naive or what? Isn't it only a matter of time before the institutions get involved and start buying as the project progresses? I must confess that when I originally purchased Arakis I didn't fully realize how long an oil project takes before completion. Regards, Peter Berkman