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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Lee Fredrickson who wrote (28239)	8/24/1998 6:15:00 PM
From: Douglas V. Fant	Respond to of 95453

Lee, I bet that the Oil & Gas Journal has noone "on the ground" in Nigeria and probably just publishes whatever press releases are handed them. I fact I noticed in one press release that Abubakr now has slipped the date for "free elections" from October 1998 to May 1999. It never fails- Since 1993 the Government has just kept slipping, and slipping the proposed date for free elections... Currently Sub-Sahara Africa is a tremendous battleground where two great philosophical/governmental viewpoints are struggling for the hearts and minds of Africa- a theocratic Islamic societal model versus a western style free market economic viewpoint.. Right now the western style model has the upper hand as "freedom" breaks out all over Africa. Gosh look at the east Coast of Africa when you get south of Somalia- everywhere democratic reform is taking root-, and personal freedoms and economic development is being stressed. Right down the Coast in Eritrea, Ethiopia, Uganda, Tanzania, Mozambique, South Africa, etc.(And in reality, you probably cannot have rigid mono-dimensional societies in Sub-Sahara Africa because most African Countries are comprised of multiple tribal/cultural groups). How does this affect you as an investor in oil & gas stocks? Well, as African economies rev up, they too will need the blood/lifeline of capitalism- and that is oil- look for oil & gas usage to grow significantly in Africa moving forward.... Anyone else out there thinking that a couple of these drilling stocks look really cheap- below replacemnt costs? Sincerely, Doug F.