Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

STOCKTALK

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 : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

0.0%

Sep 30 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Payin retail who wrote (199)	7/26/1998 12:08:00 AM
From: Ben Jaded	Read Replies (1) of 223

Retail: The following was digested from the annual reports and proxy information circulars for Endeavour Resources (ERU) and Cubacan (CCX). Allan Kent is a 50% owner of a private company called Prospect Oil & Gas Management Ltd. Prospect does work for ERU and CCX. As of 31 Dec 97, ERU owned 11.3% of the O/S of CCX. Allan Kent is the CFO and a director of ERU. He is also co-owner of a numbered company (567895 Alberta Ltd.) that owns approx. 25% of the O/S of ERU. In 1997, Prospect's charges relating to ERU were $247,955 ($20,000 / month contract fees and $47,955 for other fees and reimbursable costs. The 97 charges for CCX were $414,747 ($15,000 CAN / month contract, $7,500 US / month contract for a Cuba coordinator and $110,262 for other services and reimbursable costs). At 31 Dec 97, CCX owed Prospect $383,271 and $270,183 was owed to ERU. No wages were paid to the executive officers of CCX in 97. I think it was the same for ERU. Hope this helps, Ben Jaded

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next