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

To: lawrence smith who wrote (7738)	2/11/1998 1:32:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 9164

Lawrence: Take a look at the historical chart for AKSEF. The rise to $20+ was predicated on an aborted deal to finance the pipeline. The financier was supposedly a Saudi Arabian prince. It was later discovered the prince wasn't really a prince and that he didn't really have enough money to finance the pipeline. The deal fell through. Thus, the decline from $20+ back to $3. Some of the principals of AKSEF are still around. They kept the company afloat by adding about 70 million Reg. S. shares. Thus the skepticsm about the company. Nice to see the stock price awaken from its slumber. Good luck to those stricken with Arakititis.

To: lawrence smith who wrote (7738)	2/11/1998 6:01:00 AM
From: Edward M. Zettlemoyer	Respond to of 9164

Lawrence, The Sand Prince Deal is in reference to the first efforts by Arakis to finance the Sudan oil project, which failed, and as Larry B. mentioned resulted in share dilution via Reg "s" to keep the company going. At the time even Fund Managers from Wall Street were hit with a loss as the deal proved to be bogus. I certainly want to thank you for your research and post on the company's finances, things are looking so much better from a year ago. Personally, I think the current action is just a news spike, (please prove me wrong), but I do believe that once the final financing deal is inked we will see some real movement for a couple of months. Just an opinion. Ed P.S. For those of you who are honestly concerned over the civil unrest in Sudan but don't know which way to turn, as an investor I would highly recommend a membership in Amnesty International ($35.00 a yr). Always remember, your influence counts, but it's up to you to use it. Ed