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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 414.48

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Jan 9 4:00 PM EST

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To: elmatador who wrote (29463)	2/14/2008 4:18:40 PM
From: Elroy Jetson	Read Replies (1) of 219221

Well-log information is valuable, as anyone associated with the oil business well knows. If Halliburton had wanted to steal the well-log data in their possession, they would have simply copied it. Likewise the well-logging employees. If security is that bad, their own unauthorized copy of the data could help them land a lucrative job offer with a small unscrupulous exploration company. Nor is there any reason for Petrobras to "fake a theft". What would they get out of it? They simply have to pay to re-log the well, a trivial amount of money. If this "major oil find" simply isn't true, then Petrobras could be playing for time - but everyone would find out soon enough anyway. Would Brazilian executives act like that? You'd know better than I. Someone wanted the info paid for this theft in advance, or some person saw an opportunity and took advantage of it. In the second case, their problem will be trying to find someone who will but it. Most oil companies wouldn't touch it, and this well being in Brazilian waters will limit the use for most. .

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