afm ann. con. of oil interests, page-3

Hi All,

The T/A is looking good ATM. But I am more of a fundamental investor and like to know what drives a company from a fundamental standpoint.

*First
Look at why AFM has a resolution to change its’ name to Caspian Oil & Gas Limited.

“To better reflect the Company’s focus on its Kyrgyz Republic oil interests, it is proposed to change the Company’s name to Caspian Oil & Gas Limited at the Annual General Meeting in November.”

*Second
Is the proven and possible oil reserves in the Caspian Sea basin estimated by the U.S. Department of Energy.

*Third
Is the infrastructure that is being put in place to transport this petroleum. That is the Baku-Tbilisi-Ceyhan (BTC) Pipeline.

*Fourth
The amount of Western Geopolitical influence behind the development of the Caspian Sea Basin and the Baku-Tbilisi-Ceyhan (BTC) Pipeline. Also see my prior post on the World Bank / IMF, European Union, and U.S. bases in Kyrgyzstan.

Now with all that being said it is now up to management to bring everything together. I look forward to hearing what the company has to say at the AGM this month.

Cheers,
Brantley
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First

Look at why AFM has a resolution to change its’ name to Caspian Oil & Gas Limited.

“To better reflect the Company’s focus on its Kyrgyz Republic oil interests, it is proposed to change the Company’s name to Caspian Oil & Gas Limited at the Annual General Meeting in November.”


IMHO this name change is to more closely align / associate the company with the region in which it is operating. The US and Europe are now referring to this area as the Caspian Sea Basin. As you can see from below where President Bush refers to it on 17/05/2001.


http://www.atimes.com/atimes/Global_Economy/FD27Dj02.html

"Diversity is important, not only for energy security but also for national security," Bush declared on May 17, 2001. "Over-dependence on any one source of energy, especially a foreign source, leaves us vulnerable to price shocks, supply interruptions, and in the worst case, blackmail." To prevent this, the administration's energy plan calls for a substantial US effort to boost production in a number of non-gulf areas, including the Caspian Sea Basin, the West Coast of Africa and Latin America.

The one that is likely to receive greatest attention from policy makers is the Caspian Sea Basin, consisting of Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, Uzbekistan and adjacent parts of Iran and Russia.

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Second

Is the proven and possible oil reserves in the Caspian Sea basin estimated by the U.S. Department of Energy.

http://www.atimes.com/atimes/Global_Economy/FD27Dj02.html

According to the Department of Energy, this area houses proven reserves (defined as 90 percent probable) of 17 to 33 billion barrels of oil, and possible reserves (defined as 50 percent probable) of 233 billion barrels.

If the amounts were confirmed, they would constitute the second largest untapped reserves after the Persian Gulf area.


====================
Third

Is the infrastructure that is being put in place to transport this petroleum. That is the Baku-Tbilisi-Ceyhan (BTC) Pipeline.

http://www.caspiandevelopmentandexport.com/ASP/BTC.asp


The Baku-Tbilisi-Ceyhan (BTC) project is a $2.9 billion investment to unlock a vast store of energy from the Caspian Sea by providing a new crude oil pipeline from Azerbaijan, through Georgia, to Turkey for onward delivery to world markets.

Traversing 1,760km of often remote and challenging terrain, the BTC pipeline will be able to transport up to one million barrels of crude oil per day from a cluster of discoveries in the Caspian Sea, known collectively as the Azeri, Chirag, Gunashli (ACG) field.

By creating the first direct pipeline link between the landlocked Caspian Sea and the Mediterranean, the BTC project will bring positive economic advantage to the region and avoid increasing oil traffic through the vulnerable Turkish Straits. A programme of social and environmental investment will ensure that the peoples of the three host nations also share in the benefits.

The BTC pipeline is due to become fully operational by early 2005.


==========================
Fourth

The amount of Western Geopolitical influence behind the development of the Caspian Sea Basin and the Baku-Tbilisi-Ceyhan (BTC) Pipeline. The INOGATE Programme - Interstate Oil and Gas Transport to Europe. Also see my prior post on the World Bank / IMF, European Union, and U.S. bases in Kyrgyzstan.

http://www.atimes.com/atimes/Global_Economy/FD27Dj02.html

http://www.inogate.org/html/brief/brief2.htm

//[b]To ensure that much of this oil will eventually flow to consumers in the West, the US government has made strenuous efforts to develop the area's petroleum infrastructure and distribution system. The US first sought access to the Caspian's oil supplies during the Bill Clinton administration. Because the Caspian Sea is landlocked, its oil and natural gas must travel by pipeline to other areas. Tapping the resources requires the construction of long-distance export lines.

The administration was reluctant to see Caspian oil flow through Russia on its way to Western Europe, since that would allow Moscow a degree of control over Western energy supplies. Transport through Iran was prohibited by US law because of that country's pursuit of weapons of mass destruction. So Clinton threw his support behind a plan to transport oil and gas from Baku in Azerbaijan to Ceyhan in Turkey via Tbilisi in the former Soviet republic of Georgia. Before leaving office, he flew to Turkey to preside at the signing ceremony for a regional agreement permitting construction of the $3 billion Baku-Tbilisi-Ceyhan (BTC) pipeline.//


//Building on Clinton's efforts, the Bush administration sought to accelerate the expansion of Caspian production facilities and pipelines. "Foreign investors and technology are critical to rapid development of new commercially viable export routes," the Cheney report affirms. "Such development will ensure that rising Caspian oil production is effectively integrated into world oil trade." Particular emphasis is placed on completion of the BTC pipeline and on increasing the participation of US companies in Caspian energy projects. The administration also sought to build an oil and gas pipeline from Kazakhstan and Turkmenistan on the east shore of the Caspian to Baku on the west shore to channel more energy from Central Asia to the BTC system.//


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http://www.inogate.org/html/brief/brief2.htm

What is INOGATE?

The INOGATE Programme stands for Interstate Oil and Gas Transport to Europe. INOGATE is an international co-operation programme aiming at promoting the regional integration of the pipeline systems and facilitating the transport of oil and gas both within the greater NIS region and towards the export markets of Europe, while at the same time acting as a catalyst for attracting private investors and international financial institutions to these pipeline projects.

The INOGATE Programme is funded mainly under the EU's Tacis Regional Co-operation Programme, which covers primarily the NIS region, and also receives in-kind contributions from participating INOGATE countries. INOGATE is a complementary programme to other EU-funded programmes which support the development of new energy infrastructure projects through the provision of targeted technical assistance.

INOGATE supports the security of supply of both the EU and the INOGATE Participating Countries by:

* Enhancing the safety and security of the existing hydrocarbon network
* Facilitating the extension of the network to reduce bottlenecks and enhance supplies
* Attracting and facilitating the necessary investments
* Acting to improve the investment climate
* Supporting the convergence of the regulatory framework and normative standards of Participating Countries towards those existing in the EU.

It should be highlighted that INOGATE support cannot and does not endeavour to replace the private funding of hydrocarbon networks. INOGATE's role is to act as a catalyst and facilitator, not investor.