NationStates Jolt Archive

Following todays acts in the governments of the states of the Birkdale Hills region, Eastern Douglasia now has full possession of the Hesketh oil fields. These oil fields are estimated by geologists to contain around 14 billion barrels of oil. The Grand High Council has therefore created a company to develop the oil fields. This company, EDOIL, will have 51% of its shares owned by the government (and therefore people) of Eastern Douglasia. The remaining 49% of shares are available to any nation, or group of nations, who are willing to provide expertise, equipment and funding to the project. An announcement regarding successful nations will be made on the final day of the Vaxx festival (1st March 2004).

Notes on the Hesketh Oil Field
The Hesketh Oil Field lies within the Central and Marsari Divisions of Eastern Douglasia. The land is mostly desert and quite hilly. The presence of oil was discovered in the 1990s and indirectly led to the Douglasian Civil War. There has been little development of the field, due to the war, but the oil has been found to be rich in petroleum.

We will buy all the shares on offer. What do we oww you?

We estimate initial exploration of the oil fields will cost $40 million. Full scale development of the field is likely to cost around $250 million. With world oil prices currently around $30 per barrel, an output of 8.5 million barrels per year is the minimum that will be required to prouce a profit. Providing that initial reports are satisfactory, it is hoped to be exporting something in the region of 200 million barrels per year. This should give profits to EDOIL of around $6 billion per year, with just under $3 billion going to investors.

So we're looking for $40 million initially, with perhaps $200 million later on. In exchange you get $3 billion a year. If you decide not to invest the full $40 million we will sell you a percentage of shares, but obviusly dividends will be adjusted accordingly.

this is a fantastic deal. We were willing to invest at least 1 billion intially. We will provide our special forces to train the security staff and some patrolling. We are willing to pay that 1 billion to make this project state of the art.

The Grand Council of Eastern Douglasia has decided to accept the offer of Huzen Hagen. An agrrement will be signed upon the recieving of $1 billion.

The Grand Council of Eastern Douglasia has decided to accept the offer of Huzen Hagen. An agrrement will be signed upon the recieving of $1 billion.

As much as we could use the oil, Antilopia is alarmed by the lack of democracy and freedom in The Most Serene Republic of Eastern Douglasia. Therefore, an agreement between us and them is out of the question, and we would hereby like to express our concerns towards the situation in the country.

The total abscence of elections and freedom of speech is to us a disgrace. We have the deepest sympathy with the people of Eastern Douglasia, and hope that they will soon rise to free themselves from this cruel suppression.

The Eastern Douglasian motto: "Freedom for the People" is to us the absolute mockery of all that is righteous and fair.