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Gold/Mining/Energy : Esprit Exploration Ltd.

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To: no1coalking who wrote (1448)	10/30/2007 3:24:48 PM
From: no1coalking	Read Replies (1) of 2774

More info on Bechtel agreement Here is an interesting paragraph I picked up out of the latest POSASR: "On September 19, 2007 we executed an agreement with Bechtel Power Corporation which more sharply defined the scope of engineering, procurement and construction services (“EPC Services”) which may be performed by Bechtel. We intend to use Bechtel’s services to oversee both technical development and implementation of all new K-Fuel ® and K-Direct(SM) plants. We committed to provide Bechtel with EPC Services with an aggregate capital cost of at least $1 billion by the end of 2013. Failure to meet this commitment by 2014 could cost us up to $10 Million in termination fees." I guess Evergreen is DARN SERIOUS serious about building those new plants, eh? I wonder what they got from Bechtel in exchange for this exclusive deal? Lower plant costs? More engineering services, such as on-site planning/evaluation for new plants? It's hard to say without seeing the actual contract, but it sure looks like Evergreen is happy with Bechtel.

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