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

To: Alan Wojtalik who wrote (7847)	2/26/1998 12:04:00 AM
From: LARRY LARSON	Read Replies (2) \| Respond to of 9164

Hi Kids- Late news from AOL post; Subject: Financing Date: Wed, Feb 25, 1998 20:48 EST From: PV54 Message-id: For what it's worth, I was told today by an analyst with a Canadian broker, that it and another Canadian broker were going to do the Aksef share of the pipeline financing consisting of debt and warrants. The first tranche is to be $100mm. The total will be 200-250, I'm not sure of the exact #. The analyst said that the dilution would not be more than 10% on the total deal. It should be done by the end of March. I am an institutional investor who had owned aksef in varying amounts since 1993. In the last 2 months my superior decided I should own stocks with lower risk. So I no longer own this for my fund. I still own lots personally because I am a masochist. The bright side to this is that if my superior's timing is as usual, all us arakateers are about to finally make some money. Good luck to all, we sure as hell deserve some.