Petrokazakhstan Inc. Message Board

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Gold/Mining/Energy : Petrokazakhstan Inc.

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To: daneo who wrote (1167)	8/4/2000 10:15:52 AM
From: forecaster	Read Replies (1) of 2357

Hurricane Website Update: Seeking PROJECT MANAGER, QAM FIELDS! 1. Something is moving with the project to bring the QAM fields to production. The currently shut-in oil wells consist of 14 wells in Qyzylkia, 18 wells in Aryskum and 3 wells in Maibulak. Total = 35 wells! 2. Hurricane is also seeking a DRILLING MANAGER and a RIG SUPERVISOR. This indicates that the resumption of drilling activities is accelerating. Wouldn't it be preferable to spend the paltry $10 million needed to fulfill the spending obligations under the exploration license? They still have three more months to do it, and perhaps find more oil. 3. If the minority offer is made totally in cash, the reserved shares will likely be cancelled. This would decrease the fully diluted number of shares by about 2.6 million. 4. WTI oil is up again today - at US$ 29.20 Forecaster

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