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

To: Pete NY who wrote (772)	4/21/1999 4:31:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 4686

Does anyone know the specific reporters for the WSJ or Barrons who might be interested in a story on CCO? There are three angles, the litigation, the Oil & Gas, or the Environmental. If anyone has an Email address, that would be the most direct. The Litigation story is being shaped in the Florida Appeals Court and should break within the next two or three months. What could make this a newsworthy story is the amount of oil and money that are at stake. This is no $90 Million for 10.8 Million Barrels of oil like resulted from the Michigan vs Miller Brothers settlement. We are talking about a thousand times as much oil. How much is one thousand times $90 million? That looks a lot like $100 Billion, but we can discuss other possible ways to evaluate these leases. The Oil Reserve Story centers around what the Oil & Gas Journal described as, "...possible tens of billions of barrels of produced oil". I believe these are North Slope of Alaska type numbers. Even questions of the National Security of the United States could be involved here. Not to mention the Balance of Trade benefits and the financial boon to the Florida taxpayers from royalty payments. Finally, the Environmentalists, who have been fighting against drilling for all these years, might be interested in an honest settlement that defers drilling in a straightforward , fair manner rather than just supporting the Big Guy (Florida) beating up on a Little Guy (CCO). That Environment 2000 Bond Issue probably already has the funds to pay for the deal that I suggested. If not, the proceeds from the tobacco settlement could easily provide the funding and it wouldn't come close to what Florida paid their own lawyers in the tobacco suit. Sorry to keep repeating myself, but it would be nice to find the right reporter for a National Newspaper or Magazine to repeat the story to again.