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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: JJB who wrote (5639)	5/11/1998 6:00:00 PM
From: JJB	Read Replies (1) \| Respond to of 6735

Another article in the Fort McMurray Today. The inaccuracies speak for themselves in the slant of the rag "The final bow in the Solv-Ex epic is near after the courts approved the purchase of the embattled company by Koch Oil Canada and United Tri-Star Resources on Friday." UTS and Koch did not purchase Solv-ex, they purchased the leases and operating permits on leases 5 & 52. "UTS licensed Solv-Ex's oil processing and metal extraction technology and estimates the leases will produce 60,000 to 90,000 barrels of bitumen per day." UTS and Koch obtained license to use the technology on these leases only and metal minerals on leases are still majority owned by Solv-ex. ""We'll be evaluating a number of oilsands technologies. It's more than likely we'll use a traditional type of technology." - David Park, Koch chief financial officer I don't know if this is an accurate quote or not. I recall the same paper attributed comments to the SEC investigators that were denied. If it is perhaps Mr. Parker might want to call Charlie Koch and find out why he just paid 30 million dollars for leases whose operating permits require use of a dry tailings process. bowesnet.com I hope the rest of the Canadian proceedings can go quickly so that legitimate creditors can be paid off as quickly as possible.