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Non-Tech : Thom Calandra, CBS Marketwatch and IVAN - Exposing the TRUTH
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To: Pluvia who wrote (65)11/12/2003 2:44:53 PM
From: Pluvia  Read Replies (2) of 167
 
IVAN HISTORY OF EXECUTION OVERVIEW

~ HYPE major oil/gas in Texas - RESULT all dry or unprofitable wells

~ HYPE California HUGE deep gas - RESULT dry hole

~ HYPE Russian HUGE oil & gas - RESULT abandon all Russian exploration

~ HYPE Peru HUGE oil & gas - RESULT abandon all Peru exploration

~ HYPE China HUGE oil & gas - RESULT 6 years produce 7ish low producing wells, negative return on investment

~ HYPE California HUGE heavy oil - RESULT small, low margin production wells that nobody really wants

~ HYPE Wyoming HUGE 100 MILLION bbl oil - REALITY low producing expensive, low margin project that nobody really wants

REALITY NOW - IVAN needs $219 MILLION DOLLARS to abide by their commitment in China or they have pretty much nothing...
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