'File 5/1 VI Kuwait Oil Company' [‎35r] (74/620)

these obligations if they only did surface and shallow
geological drilling. It may he suggested, that they will have
to do such work as will enable them to select their areas, but
as the commont on this questionjindioate they can select any
number of blocks in choosing their 1,640 square miles.
obtained a concession in 1925. This provided for an Exploration
period of two years and a prospecting period of two years,
subject to extensions. In 1927 the Syndicate assigned their
rights to American interests, and they have not yet taken a
Mining Lease. They have recently applied for a further
extension of the prospecting period and have only recently
begun work on a second well.
least 4,000 ft. overall in a period which under the terms of
the draft cannot exceed 4 years, and may be less, the Anglo-
Persian Oil Company does give an indication of serlos endeavour
to prove oil.
Further the provision in the Eastern and Creneral
o ^ f operations
Syndicate s draft that they may discontinue feov continuous
periods up to 2 years before they run the risk of losing their
concession is unusual, and hardly indicates an intention to
carry on exploitation as speedily as possible. A provision of
this kind is included in some oil concessions, but six months
is a much more usual period, althou^i a period up to 12 months
is sonetimes provided fcr.
In Bahrain the Eastern and General Syndicate
On the pther hand, to undertake to drill at
Eastern and General
Syndicate.
Anglo-Persjs n Oil Coy-.
Payments .
*" l)n signature of the
Agreemen t Mg.50,00<y ;
Annually thereafter Rs.20,000
until the company declares
that oil has been found in
commercially exploitable
quantities, when tonnage
royalty begins to operate.
Royalty Es.3-8 annas per ton
of oil won, with minimum of
Ks.70,000 in any complete
calendar year in which the
Agreemen t &8.50.00?
On signature of
the Agreement ibu50 f 000 r
and a year later Hs 20 , 000 .
On commencement of drilling
Ra.25,000 per annum and a
similar sum annually there
after until the Company
declares that petroleum
has been found in commer
cial quantities when pay
ments will be as followss-
Rb. 25,000 per annum and a