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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 (7798)	2/18/1998 10:41:00 AM
From: Juli	Read Replies (1) \| Respond to of 9164

Zeev, I see you follow both AKSEF and ABACF. I know you are more of a trader than I am, but do you have any feel for which has the better long term value.

To: Zeev Hed who wrote (7798)	2/18/1998 11:15:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 9164

Zeev there is a widening of bolinger band on the daily chart and certainly a "speculative" narrowing (i.e., no statistically observable narrowing) of the bands on the 15 minute bands; so i have no idea where you're coming up with a narrowing of the bands on Arakis. according to arakis insiders there is a "phenomenal amount of oil" (their quote, not mine) in the Sudan. the fighting is 250 kilometers from where their project is being pursued. reserve information will be released in 7 to 10 days according to IR which should be positive (it is possible that it is this information which prompted insider buying?). financing for arakis portion is, according to Tom Milne, VP of Arakis, in the bank. the civil war in Sudan has cost significantly fewer lives than are lost on the streets of New York each year. as far as Sudan not "valuing" human life as do we; go live there for a couple of years then you can be qualified to make that statement. they have a different way of dealing with problems and certainly not the western version. regardless of who comes out on top in the civil war, the money from the oil will go a long way toward helping bring the Sudanese people up the trek toward western standards of living.