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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil

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To: Greywolf who wrote (256)11/25/1999 7:10:00 PM
From: Arktic  Read Replies (1) of 500
 
Greywolf:

Do you know what TYK's working interest is? Likewise, what are the terms of the concession? Bottomline, what percentage of the 4,000 barrels per day is net to TYK and what percentage of the expenses must they carry to obtain this percentage of the oil from production?

I wonder how profitable the Hanna discovery will be for TYK. It seems so odd that there has not been a signficant runup in the stock price.

Paul L. Craig
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