Tamil Eelam to be self sufficient in Oil by 2015, and

ready for export thereafter.

India based UK company to invest $50 Million dollars
in first oil block in Tamil Eeelam.
Oil prices could be around $300 per barrel, when
ready
for export to neigboring SAARC countries, including
Singhala Sri Lanka, Maldives and India. Plans for first
Tamil Oil refinery also to be built, in Tamil eelam by
2015.

Govt. gives out first block in Mannar basin for oil

exploration

India based UK company clinches deal

By Deepal V. Perera and Yohan Perera The Government yesterday awarded the first oil
exploration tender in the Mannar Basin to a UK based energy company operating in
India Cairan Energy India private Limited. “The tender was awarded to Cairan and the
government is expected to sign the contract agreement on July 7,” a Petroleum and
Petroleum Resources Development Ministry source told Daily FT. Early this year the
government called for international tenders to give away the three offshore blocks for oil
exploration.
Accordingly Cairan made its bid on two offshore blocks in the Mannar Basin North West of
Colombo. In early February during their bidding process the company told Daily FT that Cairan
is looking forward to invest US$200 million on Sri Lanka’s oil exploration and will arrive in Sri
Lanka in a big way if they become successful in the bidding process. Early this year the

Company indicated that if they become successful in the bidding process the company will

invest at least US$50 million each on the two blocks.

The company also indicated that they expect to engage in drilling for at least two to three

years in order to find any if there is any petroleum deposits and even if any discovery is made

it may take at least seven years to develop a proper oil production industry in Sri Lanka.

If the company becomes successful in its drilling process the government of Sri Lanka is

expected receive 10% of the shares of each block.

Cairn Energy PLC is an Edinburgh-based oil and gas exploration and production company

listed on the London Stock Exchange. It was first listed in 1988. It is one of the largest
independent exploration and production companies in Europe and is listed in the FTSE top 100

stocks on the London Stock Exchange. The current market capitalisation of Cairn Energy PLC is

$ 6.6 billion and the current market capitalisation of Cairn India is $ 9.6 billion and is listed on

the Nifty top fifty stocks on the Bombay Stock Exchange. The company currently operates

more than 80,000 barrels of oil equivalent per day.

Cairn India limited (“Cairn India”) is now an autonomous business listed on the Bombay Stock

Exchange and the National Stock Exchange of India and has interests in a total of 15 Indian

acreage blocks. Cairn retains a 69% interest in Cairn India. Cairn has further assets in
Bangladesh,

Nepal, Northern India, Greenland, Tunisia, Peru, UK (West of Shetlands), Albania, Australia, and

pending licence awards in Spain and Sicily. The Group holds material exploration and production

positions in west India, east India and Bangladesh along with new exploration rights in India
and

Nepal.

Cairn has focused its activities on the geographic region of South Asia for more than a decade,
which has already resulted in a significant number of oil and gas discoveries.
In particular, Cairn made a major oil discovery (Mangala) in Rajasthan in the north west of India

at the beginning of 2004. Cairn has now made more than 20 discoveries in Rajasthan block
RJ-ON-90/1. In all the company has made more than 40 hydrocarbon discoveries in South
Asia. Cairn India is headquartered in Gurgaon on the outskirts of Delhi, with operational
offices in Chennai, Gujarat, Andhra Pradesh and Rajasthan.

http://www.sangam.org/articles/view2/index.php?uid=677

2004 ARTICLE IN TAMIL SANGAM ON OIL IN THE GULF OF MANNAR:

Another hidden agenda of the SSCP is the potential of Oil and Gas being available for
exploration

in the Gulf of Mannar. With the oil prices rising daily and possibly reaching $60 per barrel

before the year-ends, the gulf is ready to be explored and exploited as a future source of energy

provider. With all the equipment available after the dredging just a few miles away, the

bio diversity destroyed, Cauvery basin already generating oil, there won’t be any hurdles to

overcome for the Indians to explore for energy in that region.

GOI would ensure foreign oil companies have no chance in bidding for exploration rights.

Over the years the oil revenue itself would pay for the entire cost of the SSCP, and most of the

benefit will remain in India with Sri Lanka or the Tamil Province of Northeast

(Whatever it is named in the future) receiving hardly any benefit in the event of windfall

oil profits. There is every intention of Delhi to deprive, deny, and cheat any and all benefit from

oil and gas revenues, which legitimately belongs to the people of that region and Srilanka.

India is determined to keep the European and American oil companies out of Sri Lanka, and
secure

the maximum benefits out of the future oil and gas finds in the Gulf of Mannar. India would only

increase it’s stranglehold on Sri Lanka’s economy in general and the Energy sector in particular.

Therefore the underlying reasons for the SSCP is the military advantage, geopolitical need and
greed,

and energy security which all fits into the Indian Naval doctrine carefully planned, clearly
thought,

and systematically documented many years ago. Now it is being executed with surgical
precision

and undue haste.

It is crystal clear that Sri Lanka has

been caught
in deep slumber. (2004)