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Gold/Mining/Energy : Oilexco Inc.

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To: Link Lady who wrote (169)	12/1/1999 1:00:00 PM
From: Spiney	Read Replies (1) of 551

The hold up? I'm assuming it took awhile to find a partner that both OIL and TLM could agree upon. This 3rd party must be willing to bring a lot to the table in order to participate in the long haul when it comes time to financing oil field development. Conditions to be met - could mean anything from payment schedule to which fields are included in the j/v. I doubt that anything hinges on lifting contracts....this is all about oil fields. 3 parties involved - 3 sets of lawyers - 3 oil fields in Iraq. It's probably complicated! Art is in VERY good spirits, and when I talked to him last he told me it was with the TLM lawyers. I hope we all get a nice Christmas present...and an early one! spiney

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