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Re: None

Tuesday, 05/09/2006 10:29:40 PM

Tuesday, May 09, 2006 10:29:40 PM

Post# of 46027
In reference to my last post--an excerpt from an AURC DD, likely pertains to NDOL too,

"Arguably, the Subsoil Law prohibits the granting of a single subsoil licence to more than one entity. Therefore, traditional western joint ventures should probably be structured as shareholder agreements with the joint venturers holding shares or interests in the Russian entity which will hold the subsoil licence. In establishing the Russian licenceholding entity, the following matters will need to be kept in mind..."