SLIDE X PAPER/PM2 STRATEGIC ISSUES 1. RMENEW&L. OPTIONS (I.VMUDTNG THEMIAL) 2. INTEST3.93T REQUIRCIENTS 3. ALTERNATIVE STRATEGIES AVOIDING NET INVESMINT 4. TRE POTWITLAL ZN BRAZIL S. M POT-71TIAL FOR BATCO INVESTMENTS E -j @.c .;:a- Ln BAT Industries document for Province of British Columbia 22 April 1999