Transeuro Energy Corp.
Indusmin Energy Corp. english
INDUSMIN ENERGY CORP.
Corporate-news announcement processed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Please watch to the company’s interview with it’s ceo Carlos Munoz and Anja Kohl
at the Frankfurt stock exchange by selecting the following URL:
http://www.stockpixx.com/englisch/IDM_play.html
Indusmin Energy Corporation
CA-Ticker: IDM
WKN: 469065
Sector: Oil & Gas Exploration/Development
Raw materials – natural gas and crude oil in particular are becoming more
important in times of the global economy. An aspect, that should not be
underestimated, is the fact that the greatest part of the oil and natural gas
reserves can be found in politically insecure regions (the Gulf Region, the
former Soviet Union). Political commotions or the outbreak of a war, such as the
Iraq-war at the beginning of this year, led to a price explosion for valuable
raw materials. Moreover, market researchers are expecting a noticeable increase
of the demand for crude oil and natural gas.
The Caspian/Central Asian region holds an energy potential, which exceeds the
dimension of the North Sea. Apart from the Gulf Region, it represents the
biggest growth potential for the oil and gas production. The Canadian company
Indusmin Energy already recognized the great importance and the potential of
this region at an early stage. The company was therefore devoted to the Ukraine
and Armenia in recent years. One of the company’s promising projects is situated
on the Ukrainian peninsula Crimea – the Kerch Project.
Indusmin Energy is involved in six crude oil and natural gas fields altogether.
These fields cover a total area of 339 km2 and are distributed on two regions.
The natural gas fields Povorotne, Pridorozhne, Alekseyevke and Sliuserevska are
located in the east. The remaining natural gas and crude oil fields Karlasvke
and Krasnopolanske reside in the west of the region, the six fields have
combined reserves of over 100 million barrels of oil and gas.
On the basis of different geologic studies and sample borings in the Karlasvke
region, this partly unexploited region is expected to contain 30 billion cubic
meters of natural gas. The sample borings not only indicate the natural gas
deposit, but also an oil deposit of up to 9 million barrels. Furthermore, the
international O&G pipeline runs adjacent to both of the fields. Thus, an
expensive transport of natural gas over hundreds of kilometers as well as the
construction of a new pipeline can be omitted – in spite of the already existing
pipeline, the production of natural gas and crude oil deposits require major
investments for constructing the necessary infrastructure and conveyor systems.
At the beginning of this year, Indusmin concluded a remarkable deal with Kiew
Energy Corp. According to this deal, the Canadians vested their boring rights
in the Kerch region to the Ukrainian company. The company therefore has full
operative controllership for the six fields. As a trade-off, Indusmin receives
12.5% of all revenues from the production of natural gas and crude oil in this
region within the next 15 years. According to a rough estimate, Indusmin’s
income from this agreement will amount to 45 million USD to 100 million USD.
This corresponds to a twenty-fold of the current company value. In recent years,
the price for natural gas was strongly linked to the price of crude oil. In the
next decades, trend researchers and energy experts expect an increase in the
application of natural gas, which will particularly be used in the energy
generation. Thus, the demand for the valuable raw material will increase
extremely hereafter. The price for gas will continuously increase for the next
decades as consequence of this development. According to a survey conducted by
Siemens, more than half of the worldwide generated electricity in 2015 will
originate from natural gas. In case these predictions should reasonably apply,
it would result in a positive effect on the income of Indusmin, especially since
the agreement with Kiew Energy refers to a period of 15 years.
Kiew Energy Corp. is planning to take up the production in the second half of
the year, since the Ukrainian government is interested in a rapid gas gathering.
The major part of the Ukrainian natural gas supply has to be imported. The Kerch
project is amongst others financed by the Multilateral Investment Guarantee
Agency (MIGA) of the World Bank.
The money, which Indusmin draws from the Kerch project, will be used for
promising acquisitions and execution of the Ukrainian region. Apart from the
Ukraine, the company is in contact with Armenia, another country of the former
Soviet Union.
Conclusion: The Canadian Indusmin Energy is one of the most interesting and
widely undiscovered “players” in the global market for natural gas and crude
oil. Indusmin could turn into one of the major “big players” of the east-
European natural gas and crude oil sector by selectively taking-over or
acquiring auspicious oil and gas fields. In addition, Indusmin has excellent
contacts in this region. Thus, the company maintains several subsidiaries in the
Ukraine and established important contact to government and business circles in
recent years. Today, we already recommend speculative investors to open first
positions. The estimated income from the Kerch project is 20-times as high as
the current market capitalization, since an obvious underestimation can be
recognized here already.
For further information please contact:
Carlos Munoz, President & CEO, c.munoz@indusminenergy.ca
INDUSMIN ENERGY CORP.
Tel. No.: (604) 960 9930
Fax No.: (604) 608 4733
http://www.indusminenergy.ca
Symbol: IDMNF (U.S.)
Symbol: IDM (Can.)
Symbol: Wkn: 469065(Berlin)
end of message, (c)DGAP 07.10.2003
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WKN: 469065; ISIN: CA4557871015; Index:
Listed: Freiverkehr in Berlin
071318 Okt 03
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