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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (2432)	1/26/1999 12:16:00 PM
From: JAS	Read Replies (2) \| Respond to of 3156

Any idea what the arrangements for the split will be? I suspect 1-5 since US is now at .25. That would take them back to 22 million shares. Abacan to delist from Nasdaq Abacan Resource Corporation ABC Shares issued 114,370,836 Jan 25 close $0.46 Tue 26 Jan 99 News Release An anonymous director reports Abacan has been advised by Nasdaq that the trading price for the company's common stock is below the $1.00 per share minimum established by the Nasdaq National Market for continued listing on that market. Unless the minimum trading price is met (during a 10 day period) beginning March 22, 1999, the company's common stock will be delisted from the Nasdaq National Market. The company expects to meet this requirement by implementing a reverse stock split which will be submitted to shareholders at the annual meeting in March 1999. Jim