Rick Johnston - North Oil - rickjohnston799@gmail.com
Posted: 05 April 2020
from: Rick Johnston <rickjohnston799@gmail.com>
date: Apr 6, 2020, 12:14 AM
subject: CONTRACT TERMS AND DETAILED PROCEDURE .
mailed-by: gmail.com
Date:5-04-2020
Hi,
Iraq has the world's second largest proven oil reserves and
extraordinarily cheap to produce. As the Manager Drilling & Completion
of Iraq NORTH OIL COMPANY I'm able to secure extra barrels of light
crude oil from an isolated oil well in Kirkuk with a producing
capacity of 100,000
barrels per day (bpd) through the same source Iraq's North Oil Company
produces theirs. Iraq major oil production fields has been taken over
by some foreign multinationals such as Shell, BP, Exxon Mobil, Chevron
and Total due to it's need to raise its oil daily production to 6
million barrels per day. Stipulating how foreign investment will be
governed is also critical amid concerns that Iraqi oil revenues has
been squeezed by these large oil firms granted special treatment with
the help of the US government.
This has lead to the Iraq government (Parliament) to enact a new law
to improve local content by allowing its citizenry to partner with
individuals who win contracts and must take on a local partnership
that in turn must have a minimum 25% stake in the deal. Individual
Foreign Contractors can set up Local Companies in Iraq with a local
partner who in turn must have 25% stake in the company to explore some
the scattered isolated Oil wells.
Origin:……………….KirKuk-Iraq
Quantity:…………….100,000 Barrels Per Day for 3 Months.
Contract period:…......3 Months.
Delivery: …………....Turkish Export Terminal of Ceyhan.
Price:..……………… As Agreed in Contract
I will prepare all the relevant Documents to Register a Local Company
here in your Name as required by the laws of the land with the help of
Legal Experts, but it will be stated in the documents that I actually
own 10% stake in the company, as this is the only means we can export
the crude oil from Iraq. You will be required expected to open/setup
and manage an offshore account in your Name in a Bank in one of the
top Oil Producing Countries for smooth transfer of the Oil
proceeds(funds). This account is where the eventual buyer(s) of this
crude oil will transfer all payments to.Also an MOU(Memorandum of
Understanding) will be signed between you and I to
ensure that both parties keep to the terms of agreement. I will be
responsible for the exportation of these barrels and the expenses
involved.
Once the barrels have been exported and sold we shall share the
proceeds in the ratio of 80% for me considering the fact that we are
the originators/initiators and initial financier of this partnership
business and then 20% for you. I will instruct my legal team to
commence the paper work as soon as I get the Foreign Company
Registration Form from the Ministry of Trade process by the Oil
Ministry once you indicate your final/total interest by
confirming/providing me with the following information required:
Full Legal Names;
Contact Address(City, State, Zip code);
Office Phone/Home Phone/Cell Phone;
Occupation present and past ( if any):
Age:
I will appreciate your immediate response and also indicate if you
wish to proceed with the contract partnership.
Sincerely,
Rick Johnston
Manager,Drilling & Completion
North Oil Company
date: Apr 6, 2020, 12:14 AM
subject: CONTRACT TERMS AND DETAILED PROCEDURE .
mailed-by: gmail.com
Date:5-04-2020
Hi,
Iraq has the world's second largest proven oil reserves and
extraordinarily cheap to produce. As the Manager Drilling & Completion
of Iraq NORTH OIL COMPANY I'm able to secure extra barrels of light
crude oil from an isolated oil well in Kirkuk with a producing
capacity of 100,000
barrels per day (bpd) through the same source Iraq's North Oil Company
produces theirs. Iraq major oil production fields has been taken over
by some foreign multinationals such as Shell, BP, Exxon Mobil, Chevron
and Total due to it's need to raise its oil daily production to 6
million barrels per day. Stipulating how foreign investment will be
governed is also critical amid concerns that Iraqi oil revenues has
been squeezed by these large oil firms granted special treatment with
the help of the US government.
This has lead to the Iraq government (Parliament) to enact a new law
to improve local content by allowing its citizenry to partner with
individuals who win contracts and must take on a local partnership
that in turn must have a minimum 25% stake in the deal. Individual
Foreign Contractors can set up Local Companies in Iraq with a local
partner who in turn must have 25% stake in the company to explore some
the scattered isolated Oil wells.
Origin:……………….KirKuk-Iraq
Quantity:…………….100,000 Barrels Per Day for 3 Months.
Contract period:…......3 Months.
Delivery: …………....Turkish Export Terminal of Ceyhan.
Price:..……………… As Agreed in Contract
I will prepare all the relevant Documents to Register a Local Company
here in your Name as required by the laws of the land with the help of
Legal Experts, but it will be stated in the documents that I actually
own 10% stake in the company, as this is the only means we can export
the crude oil from Iraq. You will be required expected to open/setup
and manage an offshore account in your Name in a Bank in one of the
top Oil Producing Countries for smooth transfer of the Oil
proceeds(funds). This account is where the eventual buyer(s) of this
crude oil will transfer all payments to.Also an MOU(Memorandum of
Understanding) will be signed between you and I to
ensure that both parties keep to the terms of agreement. I will be
responsible for the exportation of these barrels and the expenses
involved.
Once the barrels have been exported and sold we shall share the
proceeds in the ratio of 80% for me considering the fact that we are
the originators/initiators and initial financier of this partnership
business and then 20% for you. I will instruct my legal team to
commence the paper work as soon as I get the Foreign Company
Registration Form from the Ministry of Trade process by the Oil
Ministry once you indicate your final/total interest by
confirming/providing me with the following information required:
Full Legal Names;
Contact Address(City, State, Zip code);
Office Phone/Home Phone/Cell Phone;
Occupation present and past ( if any):
Age:
I will appreciate your immediate response and also indicate if you
wish to proceed with the contract partnership.
Sincerely,
Rick Johnston
Manager,Drilling & Completion
North Oil Company