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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Gabe Heti who wrote (3910)	7/29/1998 8:59:00 AM
From: john	Read Replies (2) \| Respond to of 4718

<It is stated to be 39.6% for Antares with that moving to 55% if Antares spends another $1.4 million.> Gabe, sounds to me like they are giving up operatorship of the property. Depending on how the contract is written, I believe they will retain ownership of the 39.6%. They probably will not head toward the 55% because they are not spending anymore money there. If in the contract they are required to pay 39.6% of the costs associated with the drilling being done by AGC and IF they do NOT pay their share then they will be diluted OFF the property over time. I doubt that AGC has given them a free ride. Key to find out are they paying their share?