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

To: Edward M. Zettlemoyer who wrote (2754)	5/5/1999 12:30:00 AM
From: Sam Lee	Read Replies (2) \| Respond to of 3156

Food for thought. Let us say the shallow seismic looks real good, and they did like it at the annual meeting. So let us say 1 billion barrels at $18 per barrel less $5 for cost less 1/2 to Benin, less 20% or so to the Swiss who still retain an interest leaves about $5.2 billion for anyone who is willing to pay us, ummm, say $400,000,000 for the company. Not a bad investment if the guess is correct. I have no facts. I am just offer a scenario. Time will tell.