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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?


To: Edward M. Zettlemoyer who wrote (2667)4/6/1999 6:16:00 AM
From: SDR-SI  Read Replies (1) | Respond to of 3156
 
Ed:

Summaries of the leases and contracts and, in some cases, the actual documents themselves are in the current 10K filing and its attachments which can be seen in full at:

freeedgar.com

The filing is voluminous (almost 2 MB). I downloaded it yesterday, but have not yet started going through it.

As noted in the annual report and proxy statement, the company is in default on exploration/developmental commitments in key properties, but apparently thinks it will be able to negotiate after-the-fact liberalizations of terms with the governments.

Just another sword hanging over the company's neck.

Steve