Re: The "deal" in the Caspian was nothing but talk, like everything else.
And from what source did you get that statement?
Let's discuss some of the positives on Nevtah for a change.
Let's start with Management:
Daniel P. Kesonen, President, has over 25 years experience in the Financial and Investment Banking industry. He is managing Director of RLK International Group, Investment Bankers with offices in the US and Europe. Mr. Kesonen has been President of PLC Systems Inc., a Director of Gamma Electronic Systems and has held several VP positions with Shearson Lehman Brothers, E.F. Hutton and A.G. Edwards and Sons.
Lawrence Jones, director has 30 years experience in operations and finance. Mr. Jones has an extensive background in acquisitions and mergers in London, New York and Australia. He is also currently Managing Director of the London Metals Exchange.
Much of the expertise for this venture will come from management of Tower Oil who are presently operating 27 oil and gas wells in Texas and Tennessee. Tower Oil management has an aggregate experience of over 150 years in exploration, well drilling, completion and final production of oil and gas, the key people include:
Robert Barnes, P.Geo., President of Tower Oil and a Director of Nevtah, has 35 years experience encompassing all aspects of the oil and gas industry in the United States. He was Professor of Geology at the University of Tennessee, Nashville for 14 years and adjunct Instructor in Geology at Vanderbilt University for six years. He was instrumental in numerous major discoveries including Gum Branch Field (1.1 million barrels of oil and 1.4 BCF gas), Honey Creek Field (current producer of over 500,000 barrels of oil during first 3 years), Indian Creek (current producer 1.8M barrels of oil, 1.3 BCF gas) Burrville Field (740,000 barrels of oil) and Lick Branch Field (1.1M barrels of oil).
Timothy G. Russell, geologist for Tower Oil, has 30 years exploration experience in the Middle East and Africa. He was exploration manager for Amoco Production Company for 11 years. Mr. Russell was involved in the discovery of at least 3 fields in the Africa-Middle East area including the Mouvyaid Field which has produced over 2 trillion cubic feet of gas.
William J. Graham, is a petroleum engineer with 41 years experience including field operations in drilling, producing, onshore and offshore construction of platforms and terminal facilities. He was with Exxon Company for 19 years in a supervisory capacity over engineers and staff in the U.S. He was Operations Manager for Esso Exploration in Malaysia including operations in the South China Sea and surrounding area.
Sounds Very Good to me,
JW@KSC
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