Biotech Valuation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Biomaven who wrote (318)	7/29/1999 3:14:00 PM
From: sim1	Read Replies (1) of 52153

>>Anyone know what wildcat oil well success rates are?<< Wandered over to the SI oil patch and found this, apparently taken from an analysis of Anadarko Petroleum Corp by Paine Webber. Don't know if this is typical for their industry or not. APC has "an enlarged exploration lease inventory in the vicinity of it's Alpine field discovery in Alaska as the result of the recent National Petroleum Reserve-Alaska federal lease sale". The recent GOM sub-salt discoveries added 20% to APC's proved reserves and with expanded drilling could add even more to proved reserves. 4 additional sub-salt prospects have been slated for drilling in 1999. These projects are still considered "wildcat exploration prospect that management assigns no more than a 35% chance of success." Message 10040446

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next