>*** That is serious. Maybe OIL is there for charity to Assam,
>employing all those lazy people at exorbitant salaries. The Assamese
>ought to be warned not to rock the boat, asking for more royalty et.
>OIL may leave and Assam will be left holding the empty wells, and
>paying them outsiders to close the wells down.
Chan Da,
The truth is Assamese working in public/private sectors
have to hide their lazy tag behind on seeing the batton. Otherwise, its the
same old story. Some of my friends left oil failing to do that in search of
lazier patches like ASEB, Irrigation deptt. etc. :-) In regard to asking for
royalty, it is always better to enjoy the fruits instead of uprooting the tree
and try to shift it to one's own land.:-)
Regards
Mridul
>From: Chan Mahanta
<[EMAIL PROTECTED]>
>To: "Rajen Barua"
<[EMAIL PROTECTED]>, "Ram
Sarangapani"<[EMAIL PROTECTED]>, "Assam"
<
[email protected]>
>Subject: Re: [Assam] Oil India Strikes
it rich in Dibrugarh Dist.
>Date: Tue, 7 Jun 2005 09:25:38
-0500
>
>> This also shows that owning OIL by Assam
may not be that fun
>>after all, and should be a lesson >to the
freedom fighters of
>>Assam. There may not be much gold in the
golden pot.
>
>*** That is serious. Maybe OIL is there for charity
to Assam,
>employing all those lazy people at exorbitant salaries. The
Assamese
>ought to be warned not to rock the boat, asking for more
royalty et.
>OIL may leave and Assam will be left holding the empty
wells, and
>paying them outsiders to close the wells
down.
>
>Yep, those freedom fighters need to screw their heads on
right.
>
>:-) :-) :-)
>
>But seriously something seems
to be missing in the reasoning here,
>isn't
it?
>
>
>
>
>
>At 8:37 AM -0500 6/7/05,
Rajen Barua wrote:
>> >their profit has zoomed up to Rs
1061 crores in the last
>>> financial
year.
>>
>>This is where we need to know the reality of the
economics of
>>situation. Frankly speaking this Rs. 1061 crores
profit will be
>>only around 5% of total annual oil production
revenue of OIL
>>(according to my one estimate and based on present
world oil
>>price). This also means that OIL will be
incurring a loss if it
>>were to pay the royalty to Assam. This also
shows that owning OIL
>>by Assam may not be that fun after all, and
should be a lesson to
>>the freedom fighters of Assam. There may not
be much gold in the
>>golden pot. But there again one need to know
how OIL is calculating
>>their profit which may be
tricky. Anyhow, I think Assam will be
>>better
off just playing dumb and claiming 12.5% royalty which will
>>be
around Rs 4000 crores according to one estimate I made earlier.
>>At
least that will start the debate and discussion for
>>decentralization. The point is to do something. At present Assam
is
>>just sitting Hobo
Diok..
>>RajenBarua
>>
>>
>>
>>-----
Original Message -----
>>From: "Ram Sarangapani"
>><<mailto:[EMAIL PROTECTED]>[EMAIL PROTECTED]>
>>To:
"Assam"
>><<mailto:
[email protected]>
[email protected]>
>>Sent:
Monday, June 06, 2005 6:17 PM
>>Subject: [Assam] Oil India Strikes it
rich in Dibrugarh Dist.
>>
>> > This is good
news indeed, and the fact that OIL is going for
>>its first
IPO.
>>>
>>> -----------------
>>>
>>> OIL
strikes it rich in three structures in
Assam
>>> Guwahati, Jun 06 (UNI) Oil India Limited
(OIL) has struck crude
>>> petroleum in the three new
structures in Dibrugarh district of
>>>Upper
>>> Assam even as their profit
has zoomed up to Rs 1061 crores in
>>>the
last
>>> financial
year.
>>>
>>> According to the director's
report, the OIL has struck oil in
>>>the
>>> three new structures on North
Tini Ali, West Zaloni and
>>>Samdang-3.
>>>
>>> The
company is upbeat with the new discoveries as they are
>>>preparing
>>> for the first Initial
Public Offering (IPO).
>>>
>>> The OIL
India sources, however, confirmed that they were keeping
>>>their
>>> finger crossed about the
result of the latest round of the New
>>> Exploratory
Licensing Policy (NELP) bidding for getting license
>>>for
>>> exploration of the new
block.
>>>
>>> The ONGC, Reliance and
Videocon are pupshing ahead for license
>>>in
new
>>> prospective blocks of Upper
Assam.
>>>
>>> The source informed that new
discoveries would go a long way to
>>>double
>>> the gas and crude production
in the next five years through
>>>initiative
>>> like breakthrough
performance under taken by the company
for
>>> organisational
transformation.
>>>
>>> In fact the
director's report said the profit after tax was Rs
>>>1061
>>> crores as the oil and gas
products had registered a seven per
>>>cent
>>> growth in the last financial
year ending March 2005.
>>>
>>> Increased
production of crude oil and natural gas coupled with
>>>increse
>>> in price resulted in
company recording the highest ever total
>>>income
>>> of Rs 4097
crores.
>>> --From
Deepikaglobal.com
>>>
>>> _______________________________________________
>>> Assam
mailing
list
>>> <mailto:
[email protected]>
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>> >
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