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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?


To: balisurf who wrote (664)7/17/1998 2:07:00 AM
From: trypod  Respond to of 2742
 
Balisurf- Concerning Arakis:

Arakis Considering Financing Alternatives

CALGARY, Alberta--(BUSINESS WIRE)--July 16, 1998--Arakis Energy
Corporation
(NASDAQ:AKSEF - news) announced today that it has formed a committee
comprised of members of the Board of Directors and management to assess its
corporate alternatives, including the sale of the Company. Arakis also continues to
explore opportunities for financing its share of project expenditures.

Midland Walwyn Capital Inc. will act as a principal advisor of Arakis in respect of any
sale, merger, acquisition or other corporate reorganization, and in the management of
a data room for prospective bidders.

Later:Rick