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


To: SDR-SI who wrote (2565)3/10/1999 3:03:00 PM
From: Arktic  Respond to of 3156
 
Steve:

As I read the information, they are delisted from Masdaq if they don't do the reverse split and they're delisted from the TSE if they do. Perhaps, they may decide to be delisted from Nasdaq and keep the stock liquid on the TSE. I have no idea what's in store at this time. I'm sure somebody does but it's sheer speculation for me to opine at this time. I'll be the "X" zone is another one of those "huge reserves" deep to existing production. Too bad Abacan didn't drill the "X" zone about six months earlier when they still had some breathing room. Also, too bad the well blew out and had to be plugged and abandoned. But hind site is always 20-20.

Paul L. Craig