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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (8669)	3/31/2005 6:26:05 PM
From: Crossy	Read Replies (1) of 37387

re: World Exploration spending 2005 - up just 6% International companies planning to spend $177 billion on oil and gas in 2005 29/03/2005 International oil and gas companies are planning to spend $176.8 billion in exploration and drilling operations this year, according to a report carried by the Al-Eqtisadiah business daily. According to the report, 327 oil and gas companies have allocated $176.8 billion to spend on various projects and it suggested that the figure was 5.7% more than the previous year. American and Canadian companies have made more allocations for exploration and drilling works. American companies alone have increased their budgets by 7.8% to $41 billion, the paper said quoting a survey. As many as 249 companies will spend nearly $100 million each this year for their various projects.

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