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Gold/Mining/Energy : Eagle Geophysical (Nasdaq:EGEO)
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To: Arthur Tang who wrote (11)2/21/2000 4:17:00 AM
From: Arthur Tang  Read Replies (1) of 31
 
Yahoo board has Houston Chronicles article on seismic firms Feb 18, 2000.

It had pictured seismic data firms as movie producers, selling their services to multi-clients. Seismic data are for sale later to other clients. Many data are reproduced later for better graphics computation. Therefore many seismic jobs are bid below cost, so that money is made later with new clients.

Seismic data firms' business are generally 12 month behind the rise of oil prices. Crews for data collection are now more efficient with 40 man in general. Land exploration is less than deep water now. Foreign exploration jobs are now just beginning. Brazil and Canada had jobs won by some American firms.

Ships for explorations are now fitted with equipment which can reach farther than the old equipment.

Mobil and Exxon merger reduced the demand for new oil exploration business. which is now still driven by cash flow, not by speculative money from Wall street. Oil executives are still not believing that the oil prices will remain high for long.

What all this is saying is that EGEOQ has valuable properties in their seismic data library. Their old equipment has less value in time. New software for better data interpretation would be the most important direction for the company to pursue. New enhanced graphics based on geological structures which effect sound wave propagation may further the needed technology to better pinpoint the oil well location. Further simulation of multi sourced sound reflectance data based on virtual reality may be interesting. Any Mom-pop data library addition would be a good investment to build a powerful seismic data company.
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