The N/R stated the FMNJ association with The Shaw Group,
but I haven't heard more about it -
The association with the Shaw Group on the New York Stock Exchange gives Franklin Oil & Gas the ability and technical expertise to make this a reality. -
Franklin Mining, Inc. Comments on Possible Joint Venture With Y.P.F.B.
Market Wire, October, 2005
Franklin Mining, Inc. (OTC: FMNJ)
Last September we offered a joint venture to Y.P.F.B., we had a positive reply from the President of Y.P.F.B. at that time. We then traveled to Bolivia in November to start the ground work for a possible M.O.U. between Y.P.F.B. and Franklin Oil & Gas. Our offer was to install a total capacity of about 4 BCF. This was to be done in conjunction with Y.P.F.B. and the installation of the gas processing plants was to parallel the growth of the gas business in Bolivia, the marketing of the products from the plants would be marketed jointly. We estimate that these Gas Processing plants would represent an investment of about 300 million USD. The association with the Shaw Group on the New York Stock Exchange gives Franklin Oil & Gas the ability and technical expertise to make this a reality. The President and C.E.O. of Franklin Mining, Inc. will be traveling to Bolivia in late October.
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