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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE -- Ignore unavailable to you. Want to Upgrade?

To: j.oil who wrote (838)	8/9/2000 5:39:29 AM
From: Blaumax	Read Replies (1) \| Respond to of 864

Here's a copy of the 'Petroleum Service Agreement' (PSA) as presented at the AGM. Production SHC Fee before SHC Fee after Level (BOPD) payout (R<=1.0) payout (R>1.0) 3,100 85.0% 73.0% 6,200 82.5% 70.5% 9,400 78.0% 64.0% 12,500 76.0% 62.0% I phoned the office today to get the terms of the agreement but Melita (IR)is on holidays until next week. Not very many people in the office at any given time. Remember that general and administrative monthly costs were cut almost in half from the previous year. Most employees are in the field working. Fine by me!