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Gold/Mining/Energy : American International Petroleum Corp
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To: faris bouhafa who wrote (500)7/20/1997 7:08:00 PM
From: Ditchdigger   of 11888
 
Faris: In the Columbian contract, you split with Ecopetrol regardless of how ever many"other' partners are involved(you may as well call it a royalty, should be noted that the split only occurs if and when ECP
declares the contract area commercial) Out of total less 20%, state oil company takes 1/2, then you start splitting among partners.
Regards,
Kenny
PS: also remember that $17 dollars a barrel isn't representative of the value in the ground.
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