PETROCELTIC (PCI):CHART AND DISCUSSION THREAD (moderated)

Bronco Lane - 29 Dec'06 - 14:22 - 11593 of 11623

"Syria take 50% of commercial finds and charge tax's on profits."

Utter tosh!!!!


..and there is more...

"Syria's Oil Ministry said Wednesday it signed two 20-year contracts worth $42 million with Royal Dutch Shell PLC (RDSA) for the exploration and exploitation of oil and gas in the northeast. Under the first contract, Shell will conduct exploration and exploitation work in an area extending from southwest of Deir El-Zour, 450 kilometers northeast of Damascus, to the Iraqi border, the ministry said in a statement.

The contract is worth $20 million.

The second deal, valued at $22 million, focuses on an area just south of Palmyra, 256 kilometers north of Damascus.

Under each,SYRIA RECIEVES 12.5% OF OIL PRODUCED,and Shell trains employees of the state-owned Syrian Oil Company."

Some idiots simply do not understand plain English!!! Doh!...nor simple arithmetic.

-----------------------------------

Afternoon Brick.

1. Who was awarded the contract. ???????

2. What year was the contract set up and who are the partners and who has the biggest holding.??

That will do for starters.