Arnold,
The complete text of the following CHAR (for some time in Kazakstan) information is available from ...
stocksmart.com
In part it reads... SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q
Regarding: CHAPARRAL RESOURCES, INC has over 80% of its assets invested in the Karakuduk field, a shut in oil field in the central Asian Republic of Kazakstan, which will require significant additional funding.
CHAPARRAL RESOURCES, INC's continued existence is dependent upon the success of future... operations, which is, in the near term, dependent on the successful financing and development of the Karakuduk field...
CHAPARRAL now owns 90% of CAP-G, providing a 45% beneficial interest in the Karakuduk field. Upon exercising the option, the Company will have a 50% beneficial interest in the Karakuduk field. The other 50% is owned by a Kazakstan government group and two Kazakstan joint stock companies.
Arnold, this data is a very minor part of the entire text. and to get a view other than my editorializing, I suggest you visit that document and evaluate it for yourself. I would appreciate any opinions you have.
Thanks again...
eakole |
