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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Jordan Electron who wrote (570)10/2/1998 2:48:00 PM
From: Tom Frederick  Respond to of 4686
 
Mr. Electron, There you go. A perfect example of a "middle ground" negotiation. Let's say the state lets CCO go for the gas but leave the oil and then they compensate CCO for the lost oil revenue and the tax revenue to the state from the gas reserves pays for the oil settlement. And Wallah! A great deal for all parties! Gas doesn't have the bad "image" like oil drilling, gas feeds into current state needs for electric, etc. etc.

I like it!

Tom "proton" F.



To: Jordan Electron who wrote (570)10/2/1998 4:09:00 PM
From: SnakeInATuxedo  Respond to of 4686
 
Does CCO possess seismic data that shows a strong possibility of gas in or on a certain portion of their lease(s)? It's not quite as easy as saying "We're going to drill for gas here" and expect Mother Nature to miraculously slide the gas under the drill bit to meet our expectations. Gas is where one finds it; oil is where one finds it. Sometimes, one is very lucky and finds both, at once. CCO should be so lucky.

$^)


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