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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (282)	5/15/2000 8:46:00 PM
From: Tomas	Respond to of 500

RE: Syria. I have been waiting for this since 1998, now it has finally come true. It's certainly good news, but how good? It's hard to say, we need to know more about the deal. A couple of unanswered questions: Tanganyika Oil "share ownership in the incremental oil produced." What % and what are the terms? I assume "total hydrocarbon volumes at greater than 2.0 billion barrels of oil" = oil in place, how big are the recoverable reserves?

To: Tommaso who wrote (282)	6/20/2000 11:40:00 AM
From: Tomas	Respond to of 500

Financial Hearings - Tanganyika Oil See and listen to the broadcast with Ed Molnar and Lukas Lundin here: financialhearings.com Or use this direct link (you need RealPlayer, MediaPlayer or QuickTime etc): kamera.com Note that the English presentation starts after 4 minutes and 30 seconds, so "fast forward" to 04'30 if you don't speak Swedish!

To: Tommaso who wrote (282)	8/1/2000 1:25:12 PM
From: Tomas	Read Replies (1) \| Respond to of 500

Syria - Tanganyika Oil: "An agreement to be signed shortly" Syria to Invite Foreign Firms to Invest in Oil Sector AMMAN, Aug 1 (Bridge News) - Syrian Oil Minister Mohamamd Jamal was quoted as saying Tuesday that his country would be inviting foreign oil companies to take part in oil and gas exploration activities in Syria. In an interview with the London-based Arabic daily Al-Hayat, the Syrian Minister said that his country was exporting 17,000 bpd of its total crude output, currently running at 29,000 bpd. He said he viewed the current oil prices of about U.S. $26 per barrel on the world market as "fair." "We will be involving more foreign firms in the oil and gas exploration activities, because we have an interest in concluding contracts with such companies and make them shoulder part of the risk on behalf of the Syrian side," Jamal said. "We have already signed a memorandum of understanding with the Canadian firm 'Dublin' which belongs to the multinational group 'Lundin.' An agreement, to be signed shortly, will allow the firm to operate in the Audeh area in North-eastern Syria," he added. The Syrian Minister said that his government was also involved in negotiations with "a number of international firms" for concluding similar contracts. "The Syrian strategy provides for intensifying oil exploration activities by using up-to-date technology with a view to increasing the country's proven oil and gas reserves," he added. He expected the oil era to last in Syria until the year 2020. "We still have virgin undiscovered areas in Syria, which provide promising opportunities for oil and gas exploration," he said. The Syrian minister also divulged plans for increasing gas production to 24 million cubic feet by the year 2005 from 13 million at present. He said the planned downstream operations in the country included the construction of a 235-kilometer gas pipeline from Palmyra to Aleppo and a new oil refinery. "Syria also plans to supply Lebanon with 3 million cubic feet of gas daily," he said.