PAN ANDEAN RESOURCES......Discussion thread

UNCLE ALBERT,

& I SUPPOSE THIS IS THE REAL MESSAGE FROM IVAN SANDREA?

WOULD THIS MAKE THE NAFTSHAHR, ILAM & DANAN FIELDS IN IRAN ON THE IRAQ/IRAN BORDER A POSSIBILITY FOR THE HORGAN/TEELING STABLE (PET, PNG & PRE) ABLY BACKED UP BY THE INTERNAL OPEC/GEOLOGICAL/KNOWLEDGE/CONNECTIONS/EXPERTISE OF :-

PNG

DR MANOUCHEHR TAKIN (DIRECTOR).
Has vast experience in natural resources working for the Iranian Oil Consortium, Geological Survey of Iran, Anglo American and the OPEC Secretariat in Vienna. Since 1990 he has been with the Centre for Global Energy Studies in London. Dr. Takin is widely published on technical, economic and policy issues covering Iranian and Middle East geology, mineral deposits, and world oil supplies.

DR MONIR DAVOUDZADEH (SENIOR GEOLOGIST)
World renowned expert on Iranian geology and a senior lecturer in Geology of the Middle East for the University of Munich.

PRE

IVAN SANDREA (DIRECTOR)

The directors of Pan Andean Resources (AIM:PRE) are delighted to welcome Ivan
Sandrea to the board of directors. Ivan is the Principal Oil Supply Analyst at
the Organisation of Petroleum Exporting Countries (OPEC). He was formerly
Associate Vice President of Oil & Gas at Merrill Lynch in London. An
exploration geologist and Venezuelan national, Ivan Sandrea has also worked with
BP Exploration International in Egypt, Norway and Venezuela.

BELOW IS THE PRESS RELEASE OF 17TH DECEMBER 2006....READ ON....

Iraq looking to meet Iran and Kuwait to discuss cross border oil fields development

17/12/2006

Iraqi officials are to meet representatives from Iran later this month and Kuwait after that to discuss sharing oil production contracts in cross-border fields, Iraq's oil minister has suggested. Speaking at a press briefing on the side of a Organization of Petroleum Exporting Countries meeting here, Hussein al-Shahristani said: "We will meet in a sitting committee with Iran in December to examine data on the fields."

Al-Shahristani added the parties would then select a company in a bidding round to assess the reserves.

Separately, Al-Shahristani said some $1 billion of a $1.6 billion loan granted by the Japan Bank for International Cooperation would be invested in a new fluid catalytic cracking unit at Basra's refinery. An FCC unit produces lighter products such as gasoline from heavier crude fractions.

In addition, the minister said he expects a new hydrocarbon law, which would enable the signature of the first national oil contracts since the overthrow of Saddam Hussein, to be enacted in January. He also said all contracts signed under Saddam and since would be reviewed.

The new contracts would be overseen by an Iraq Petroleum Council that will define the rules of licensing qualifications as well as which companies could pre-qualify. Most details of the law had been agreed with the Kurds in the oil-rich north, who controversially have set up a separate licensing process, though there remained sticking points on the council's decision procedures.
Source: Dow Jones