Scimitar Hydrocarbons, SIY:ASE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: j.oil who wrote (830)	8/7/2000 1:47:25 AM
From: Blaumax	Read Replies (1) of 864

Here's a report on TYK from Maison Placements Canada. thewebmarket.com. It confirms that TYK has 50% of the property, TNP has 30% and DKIN has 20%. It also confirms that the contractors get '30% of the profit oil free and clear of all costs, taxes and royalties' The first table summerizes the Hana economics. It looks like the 30% contractors profit oil comes out of the gross field production. Then TYK's 50% is taken out of the 30% contractors profit oil. For example, Field CF = $1,000.00 Contractors 30% Share = $300.00 TYK's 50% share = $150.00 The next table in the report shows TNK having a Net Interest of 15%, TNP having a Net Interest of 9% and DKIN having a Net Interest of 6% which totals 30%. I will phone TYK and confirm details of the concession agreement and get up to date production numbers. With that, we can do a more accurate C/F model for comparison purposes with SIY. Any comments?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next