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Gold/Mining/Energy : Central Pacific Minerals & Southern Pacific Petroleum -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (36)	7/19/1998 1:12:00 PM
From: marcos	Read Replies (1) \| Respond to of 90

"Suncor and SPP/CPM will ultimately have a 50/50 interest in the project. Suncor will contribute up to $244 million, of which $148 million will come from internal sources and the remainder will be in the form of a project financing loan from SPP/CPM." suncor.com - this is one of the urls on suncor.com - and further down the page are diagrams and a description of the process involved. Suncor will be the operator, and has a long history of good management in cutting costs in the Alberta oil sands. And like Thomas says, Bechtel certainly has experience - I think it is the biggest engineering firm in the world, and has connections at the highest levels in governments everywhere. So SPP/CPM are in good company, imho. Also, both the Canadian and Australian dollars are low against the US$ right now, as they have followed down the slide in commodities while the US$ has been rising as the US attracts capital from all over. That is a trend that always changed before, just like oil prices. I don't have a US$ account lately, but it's not that hard to restart one. I think I'll look into these two Ozzie companies ...... cheeahs, myte