Share StructureFor those new to SLM, here's an excellent post courtesy of Chaneee888 on CVL
Working Interest in the Hassi Bir Rekaiz concession: (Semhari East 1)
Santa Catalina L.H.(Algeria)Ltd.---------- 25%
ARCO Ghadames Inc. (OPERATORS) ----------50%
Turkish Petroleum------------------------- 25%
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Total---------------------------------- 100%
Interest owners of Santa Catalina L.H.(Algeria) Ltd."The Farminees"/Semhari East 1
Santa Catalina Mining Corp.--------- 50% x 25% = 12.50%
Essex Resource(Barbados) Corp.- 20% x 25% = 5.00%
CVL Resources(Barbados) Ltd.----- 20% x 25% = 5.00%
Drucker Petroleum(Algeria) Inc.------ 10% x 25% = 2.50%
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Total ------------------------------ 100% ------ 25.00%
Share Structure / Cash on Hand
-------------------------------- SLM.CDNX-- / ESX.TO---- / CVL.CDNX
Issued and Outstanding 63,496,410 / 25,569,667 / 37,247,500
Fully Diluted ---------------- 65,193,410 / 31,019,667 / 43,172,500
Date----------------------------- Dec 31/99 / Dec 31/99 / Jan 31/00
Cash On Hand------------- $7,388,326 / $3,068,637 / $3,030,195
* With an expected good return on these companies, all options will be excercised with the respected companies will become FULLY DILUTED.
CVL also has a 9.64 % working interest in Ekho Project (Total Depth reached in record time 89 Days) Logging of flow rates continue. NR is expected about 30 Days. Ekho 1 is officially a "Tight Hole" at this point. Gas flares have occured in different sections of the hole. Black Out is currently in effect.