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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (71430)	8/23/2000 8:58:12 AM
From: chowder	Read Replies (3) \| Respond to of 95453

Moroccan Desert Oil – Miracle or Mirage? 23 August 2000 Summary Moroccan King Mohammed VI announced the discovery of one of the largest oil fields uncovered in this decade. Estimated to contain an equivalent of 20 billion barrels, the find could be worth up to $800 billion. Production of the oil deposit could significantly alter Morocco’s agrarian-based economy and foster stronger ties with developed countries, including Europe and the United States. It may also worsen relations with neighboring Algeria and spark a flurry of prospecting in the region. Analysis A startling discovery in Morocco’s desert could dramatically alter the North African country’s economy. During a speech broadcast on state radio and television on Aug. 20, King Mohammed VI announced the discovery of an oil deposit estimated to contain 20 billion barrels in crude near the southeastern town of Talsint. Located just 125 miles from the Algerian border, the field could yield revenues of up to $800 billion annually. more..... stratfor.com dabum