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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (59544)2/2/2000 9:10:00 AM
From: jim_p  Read Replies (1) of 95453
 
To operate in Columbia and other South American Countries, you have to:

1. Own your own army to protect your investment,

2. Build an infrastructure through either mountains or jungles after you find a commercial field,

3. Continue to rebuild the infrastructure after it is built as it is destroyed over and over again by one of several rebel group,

4. Give up 50% of your investment to the Columbian oil company if it is commercial,

5. Pay up to 70% taxes on the 50% you get to keep.

6. Build roads and schools to keep the locals happy.

Amoco tried..........they are now BP/Amoco after writing off Billions on one field that never produced a single MCF (Opon field)

Jim
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