Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (71558)	8/24/2000 9:30:10 AM
From: isopatch	Read Replies (1) of 95453

Bull. And IF GRL does bring in major new offshore Indonesia field the crude will go straight to China and probably for a premium price by the time production comes on line. The stock price will really take off if this discovery well they are currently drilling is as big as I think it's going to be. A well established, relatively conservative oil company only waives off partners and takes down 100% of a 6 million dollar offshore well when they think they have a slam dunk on a major discovery. Wouldn't it be interesting if the Chinese national oil company decided to lock up a strategic petroleum reserve via making tender offers to buy certain oil companies with good oil reserves and hot prospects in the Pacific region? Granted with GRL there is GOC to deal with. So, am NOT predicting NOR expecting that particular deal will happen. Just one example of many possibilities. Let's face it, "when there's a will there's a way". And as China gets increasingly anxious to obtain oil security, a lot of hitherto to unimagined things are likely to start happening<g>. Isopatch

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