Premier Oil (UK)stock hits rock bot (r)

[dawnstar@xxxxxxxxxxxxx]

Subject: Re: Premier Oil (UK)stock hits rock bottom /Yetagun

consortium/Opium Madre
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dawn star wrote:

somehow we lost part of this message which was that Premier Oil (UK)
among those few companies denounced in particular by the EU Resolution,
July 1998 and the Socialist International Resolution Nov 24 Geneva, in
their resolutions on Burma regime human rights violations.

The FT weekend financial UK newspaper cited Premier Oil among the year's
big loses with a record low Friday of 16 1/4 share market value, down
from the year high of 55 1/4.

And they still want to stay in Burma? Incredible, not that share value
is an issue here. But sometimes losers are real bad losers.  

> 
> dawn star wrote:
> >
> > Yetagun, in the Thaninthary zone some 400 km south of Rangoon, is where
> > oil sites M13 and M14 are found, and signed over to Premier Oil in may
> > 1990, joined by M12 nearby, signed in sept 1992, at the time, in
> > november, then with Texaco which discovered gas at Tetagun 1, and
> > extended its interests signing an Additional Production Sharing Contract
> > for exploration and production of site M10, in partnership with Premier,
> > Nippon, PTTEP (Thai) and Moge.
> >
> > Premier Oil (Fnancial Times, Dec 19/20 1998, p XXII Weekend Investor)
> > quotes, citing, the depressed oil sector, PREMIER OIL, one of the big
> > year-end losers in the UK market, closing at its year low 161/4 down
> > from a year high of 55 1/4.
> >
> > And they still want to stay in Burma?
> >
> > dawnstar
> > EBN
> 
> *******
> 
> re Heroin Trade/USA
> 
> in the same issue, p XXIV ('Valleys with no silver lining')
> Leslie Crawford examines the heroin traffic from Mexico into the US
> "In the US, 1kg of Mexican heroin will fetch up to $175,000. US
> estimates place the area under cultivation with opium poppies in the
> Sierra Madre at 12,000 hectares, but the figure can only be a wild
> guess...The drugs trade has triggered a level of violence in the sierra
> unseen since the days of the Mexican revolution. Land disputes, army
> raids, the theft of crops and the invasion of Mexico's powerful drugs
> cartels have brought a new reign of terror to the canyon, transforming
> opium's standing. In the town square, shaded by giant mango trees, an
> old Tarahumara watches silently as opium dealers wait for the delivery
> of the morning's crop.'Drugs have stolen our people's souls,' he says,
> 'like silver in the past". Only this time he is not crain there will be
> a reprieve."
> 
> Can you imagine Humphrey Bogart dealing with the opium lords in search
> of the Treasure of Sierra Madre ?
> 
> ds