From company: "Commenting on the acquisition, Ocelot's Chief Executive Officer David Lyons said: "The Kazakhstan project meets all of Ocelot's strict project acquisition parameters and is an ideal complement to our Company's portfolio of current international projects. International oil production is now ready to ramp up in Gabon and Kazakhstan in 1999, with large natural gas projects under development in Tanzania and Cameroon. The decision to proceed with this project is part of Ocelot's commitment to develop and operate a portfolio of approximately five high impact international energy projects. Ocelot continues to examine a range of other international project acquisition opportunities to supplement what is developing into one of the best portfolios of high impact international projects assembled by a Canadian independent." |