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

To: Bobby1418 who wrote (825)	5/17/1999 7:42:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 4686

newsherald.com

To: Bobby1418 who wrote (825)	5/17/1999 8:49:00 PM
From: Edwin S. Fujinaka	Respond to of 4686

Bob,...That was the Panama City NewsHerald, not the MiamiHerald. I looked in the Business Section of the NewsHerald, but that is only once a week on Mondays. They thought this was important enought to Report in the middle of the week. <G>. Although I am not a legal expert, I think that the State has to clearly demonstrate that they are not going to let CCO Drill under any circumstances. This case will then become an inverse condemnation like the Michigan vs Miller Brothers Oil Company Case. Michigan settled that Case out of Court because the Michigan State's Attorney said that the State could not win. I belieive that a Jury will cut through all of the BS and see this as a "taking" and/or "Bad Faith" business dealing for all of these years. The amount of damages facing the State could really be Hundreds of Billions of Dollars if the CCO Attorneys swallow hard and play hardball. Since I seem to be the first and only person to actually utter "Hundreds of Billions of Dollars" I think that it will get easier to say it as time goes on. Just recall the Michigan payment of over $90 Million for not permitting the drilling for 10.8 Million Barrels of Oil and compare that to the Tens of Billions of Barrels of Oil that could be at stake for Coastal Petroleum. I actually talked to Jack Miller in Michigan a few months ago and He wondered why Coastal wasn't suing for inverse condemnation just like He did. Actually Coastal Petroleum may win bigger if they don't get the drilling permit. Then it will be just a legal argument like the one that was decided in Michigan already. Win or lose in the Appeals Court, CCO is not done as long as Phil Ware & Company don't walk away.