based Company Will Pursue Development and Operation of Rich Caspian Oil Fields
See overthecounter market (OTC). : PUMX) has announced that your agreements covering its instantly to develop the Balakhani, Sabunchi and Ramani oil fields Their list of oil fields includes major fields in history and share with. Your list is incomplete; increasingly more than 40,000 coal and oil fields of any size with the world. in the Azerbaijan Republic happen to have been extended until June 23, 2001.
On Dec. Public Assistance Fund for Petroleum Section Stable Development (IPP (Internet Printing Protocol) A protocol for printing and managing print jobs on line using HTTP. Initially conceived by Novell, Xerox and other wines, the IETF achieved it a standard in 2000 inclusive of authentication and encryption. See printing protocol and LPD. ), a Russian corporation, and also the State Oil Company of this Azerbaijan Republic ("SOCAR SOCAR State Oil Company of Azerbaijan Republic
SOCAR Shuttle Operational Capability Assessment Report ") extended their Memorandum of Understanding A Memorandum of Understanding (MoU) can be described as legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between parties, indicating an intended common distinct action and would not imply a lawful commitment. granting IPF (Itanium Processor Family) See Itanium. the authority to negotiate definitive agreements on your development and operation of one's fields.
Below the Farmout Agreement between IPF and Puma, Puma gets the on to conduct a feasibility study "A Feasibility Study" can be an episode from the original The Outer Limits tv show. It first aired on 13 April, 1964, over the first season. It was actually remade in 1997 as part of the revived The Outer Limits series with a minor title change. and due diligence Research; analysis; your research. This term has caught on overall industries, considering that it sounds so "wired." Who'd would like to do analysis or research when they can do homework. See wired. review. Beneath the farm out, Puma will fund Entirely however development and exploration costs all of which will receive Eighty percent of IPF's interest granted by SOCAR.
"The extension your development rights in Azerbaijan is fantastic news," said Edward Blessing, president and ceo of Puma. "We have now adequate period to fully measure the development potential of which concerns.
"Previous review has indicated the substantial oil reserves within the BalakhaniSabunchiRamani region, and we expect you'll fully maximize the significant opportunity Puma ニューバランス NEW BALANCE ML574 FSN クラシック ニューバランス 574 2way ブルー have to be involved in developing these reserves for worldwide distribution."
Puma has engaged the international petroleum consulting firm of Gafney, Cline Associates Ltd. to conduct the feasibility study. The agreements with SOCAR will decide your curiosity about the area being granted by SOCAR, including recoveries http://arabianincentive.com/styles/d....asp?q=nb-1644 and profit participation. However, the need for a person's eye to get acquired and put together by Puma is anticipated being substantial.
The Caspian region is actually identified as a leading future way to obtain petroleumbased fuels to meet up with world demand, with possible reserves exceeding 160 billion barrels. Previous research confirmed reserves for a minimum of 16 billion barrels of oil, that may above triple to 50 billion barrels through the properly managed drilling and development program.
About Puma Energy Inc.
Puma Energy Inc., located within Dallas, has long been formed to get the expansion and operation of gas and oil prices fields while in the Caspian region.
Such endeavors began in 1999, as soon as the company executed a Farmout Agreement when using the Interregional Public Assistance Fund in Moscow to join on an 80 % curiosity about their Memorandum of Understanding while using State Oil Company of your Azerbaijan Republic first exploration for viable development opportunities with the BalakhaniSabunchiRamani oil fields.
Puma is concentrated solely on developing opportunities within the Caspian region, and believes it is positioned to make use of the larger product prices also, the growing need for the Caspian region to world energy markets.
For details contact Susan M. Bryan at 602/8704752.
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