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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)
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To: Bill Shugarue who wrote (180)4/4/1998 10:34:00 PM
From: briak  Read Replies (1) of 270
 
Bill
After 1 million barrels are reached, PSO will receive $10 million USD less operating cost and capital recovery, which is around 15 million to 20 million. PSO will then have a 22.5% interest until the field is depleted. Can Oxy only has an interest with PSO in the current field and will not be involved in exploring the rest of the concession OML 109. In this concession PSO has a 30% interest and Atlas has 70%.

Rumor has it that Can Oxy has made a deal to expore, with Elf, a deep water play in Nigeria.

Briak
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