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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (1210)	12/28/1999 9:08:00 PM
From: ocerg	Read Replies (1) \| Respond to of 4686

Ed, Did I miss something? Has Jeb Bush made comments about the CCO fiasco? Thanks

To: Edwin S. Fujinaka who wrote (1210)	12/29/1999 10:21:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 4686

Ed, The question remains, is there ANYONE at CCO who is playing hardball at all? CCO resembles the kid who can take a punch but won't fight. They have survived more than prevailed in the last few years. Simple tactics like getting a current appraisal of the size and value of the oil reserve would be a strong motivator. Get a meeting together with the state representatives and review the price tag of the CCO leases as of today, and review the recent court ruling that CCO must be compensated AND remind the state that very deep pockets at CCO will keep this up for as long as it takes to win. THEN you will have people motivated to make a deal. The results of the new valuation could be kept confidential if the state wants to make a deal. If they dont', publish the results. Let the political pressure start to work in CCO's favor for a change. Once word gets around that the state has been ordered to compensate this little exploration company and the current value of the property is (fill in the blank with lots of zero's) the phones will start to ring. I don't think that state wants that, so my guess is that with a current valuation and a committment from CCO to stick this out for as long as possible, the state will start writing numbers down and making offers. Again, this type of approach is if there are no serious efforts or negotiations in the works and someone at CCO actually wants to bring this thing to some conclusion. As always, JMHO Tom F.