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Gold/Mining/Energy : The Oil & Gas Elephant Hunt

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To: Brinks who wrote (124)11/24/2006 10:56:34 PM
From: Bread Upon The Water  Read Replies (2) of 310
 
Everything quoted here by executives is qualified, as well it should be, because they don't know yet for sure if the gas is there and, if so, if it is abundant.

10-15 million is a lot of money to you or me (well to me), but that is chicken feed to a company the size of ECA and that is what they do---spend million chunks here and there looking for elephants.

Do they believe this represents a good chance of an elephant find--Yes.

Does it means it is confirmed--no.
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