SI
SI
discoversearch

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 : Inlet Resources
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pjd22 who wrote (18)10/1/1997 11:42:00 AM
From: pjd22   of 40
 
To All,

Kholberg Capital is doing there job. Another press release.

Indonesian 7th generation contracts of work recommended for approval

Inlet Resources Ltd INS
Shares issued 10,576,660 Sep 29 close $0.29
Tue 30 Sept 97 News Release
Mr Bill Daly reports
The Legislative Council of the Republic of Indonesia has recommended that
the company's 7th generation contract of work (CoW) application, which has
been agreed to in principle by the Indonesian government, be approved for
signing by the president of the Republic of Indonesia. Once the 7th
generation CoW has received final approval, the company will incorporate an
Indonesian subsidiary which will then enter into a final signed 7th
generation CoW with the government of Indonesia. The company will have a
90% interest in of this subsidiary.
The CoW application recommended for approval covers the company's Kota Besi
area in central Kalimantan. The company has withdrawn its 7th generation
Sumber Barito CoW application as work programs conducted in the Sumber
Barito area under a temporary exploration permit indicated the area does
not appear to be prospective for mineral deposits and did not merit further
exploration work. The company plans to focus its exploration spending on
its key project, Kota Besi, which has encouraging potential, and will also
evaluate new gold exploration projects in Indonesia which are presently
coming available from companies withdrawing from their Indonesian programs.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News