Hey Bill, here's the latest version of the fact sheet I've been compiling. It's certainly not complete, but should get you a good working knowledge. The vast majority of the information contained herein is derived from the news releases.
NPEC trades on the Bulletin Board, and has corporate offices in Vancouver.
The properties are as follows:
1)Chile Copper/Silver/Gold (Mina Claudia). 20% stake. Partners
are MXR(Vanc) 20% and Last Frontier Oil (60%). Estimated tonnage
"greater than 50 million metric tonnes" most assays (from grab, bulk and reverse circulation drilling) returning >2% copper. Significant
additional areas to be explored and drilled that are expected to
dramatically increase reserve estimate.
2)Chile Gold (Andacolla) 20% stake. Partner is Last Frontier with
80%. Current proven and probable reserves are >6 million tonnes ore at >1g/t, "La Colorada" property (one of the claims) estimated at >1 million troy ounces. Again, significant upward revision of reserves are expected.
3)Ecuador oil- 15% stake. Producing, current estimates around
$500,000 profit per month, last released figure is from July for $232,000 profit. Some of this has to go to paying off acquisition and future development costs, but a lot of it is in our pockets. Production has been steadily increasing each month.
4)Indonesia Gold- 20% stake. Partners are Palace Explorations (40%) and Consolidated Dencam (40%, but paying for 60% of exploration costs)Still an early exploration property. We got our 20% as a finder's fee and don't have to pay exploration and development costs until our share of them passes $500,000. This property is located squarely in the "gold belt" of the Island of Kalimantan, between the producing properties of Mt. Muro and Kelian. The partners recently approved a further exploration program on this property to
supplement our recent geological surveys
5)Utah Oil- Producing, basically just breaking even.
6)Washington Silver- Some talk about going into produstion in '97,
but we haven't heard anything about it lately.
7)British Columbian Telecom - 100%. Turning a small profit, and
expanding at a modest pace.
Approximately 64.5 million NPEC Outstanding, some preferreds still
out that, upon conversion (10:1), could raise the number to about 67 million. 100 million authorized.
NPEC owns 5,000,000 shares of Last Frontier.
Total Shares of LFOC, is 11.2 million.
The following thread contains the news releases:
Subject 7687
Key NPEC personnel: Larry Regis, Les Price, Ian Dow
Contacts:
Dave Diricco, Investor Relations. 415-261-9608
American Transfer and Registry, Transfer Agent. 801-363-9065.
Geoff |
