firms eye guatemala oil potential at atzam.., page-24

From memory fiendish red beard is a KEY holder so I am not sure why he has come on here with his opinions. Maybe he should take a look at how KEY acquired its canning tennements from the directors old mans company when it was on death row with no cash and no likely tennements.

Also I have sais it about 4 times on here. Upon a flow rate of over 200? (might be 250) barrels oil per day there will be a share issue to the old
Holders. The same as what happened about 4 months ago. I am assuming it will be at a discount to some average price. So there is a probable motive for someone wanting to keep the price down.

Also the corporate structure is very confusing here. When do we get 70% and what are the conditions we have to for fill. Is it simply drilling a certain number of wells?

Cheers