The hottest oil play on the planet

Article Abstract:

The Caspian Sea region is potentially a major petroleum producer, and companies have signed agreements with governments in Azerbaijan, Kazakhstan and Turkmenistan. There are problems such as lack of telecommunications infrastructure and transportation of the petroleum. Iran, Turkey, Armenia, Georgia and Russia want pipelines to pass through their territories, and Japan, China and Russia also want to ensure supply. The first barrel from the Azerbaijan International Operating Company's Azeri-Chirag-Guneshli field will be produced in Sep 1997.

Economic aspects, Asia, Caspian Sea, Azerbaijan

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Dragon Oil: sea of promise

Article Abstract:

Dragon Oil will have 37.5 million pounds sterling invested by businessmen from Indonesia, and a placing will be carried out for existing shareholders of 12.7 million pounds at 0.0015 pounds sterling per share. The group of Indonesians will hold a stake of between 46% and 54% in the company. Dragon has an interest in a Caspian Sea field called Block 2. The 30% stake was acquired in Oct 1995. There are political risks involved, in addition to possible changes in petroleum prices and possible problems with extracting the petroleum.

Securities, Dragon Oil PLC

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Pan Andean: Halloween party at All Saints

Article Abstract:

Pan Andean Resources has seen a rise in its share price in 1996. The company began as a prospector for gold and silver, and later became involved in a petroleum exxploration rights deal. BHP is paying for work to the initial well in exchange for an 80% share of the find. BHP should have completed the well by Nov 1 1996. The company's shares are likely to be volatile until that date, and are a high-risk investment which could be attractive.

Management, Pan Andean Resources

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