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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Aggie who wrote (54577)	11/12/1999 1:02:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Aggie! Welcome back, dude! I agree, the selling is in all likely hood based on one of those Wall Street herd mentality misperceptions. This is one reason I love this thread, as it is populated by all you "in the know" oil guys. Just suggesting that asbestos is a big wall street fear word. I might be tempted to buy MDR today, but I'm "tapped out"! <g> Trinidad? What happened to Merry Old England? The North Sea fields got ya down? Don't be such a stranger! Glad to see you posting again. No Cash Fully Invested Bull <vbg>

To: Aggie who wrote (54577)	11/14/1999 9:30:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

Aggie: The subject is PSA's. Do you recall our discussion about the Brazil deep water auction last summer. If I recall correctly, you held that the Brazil fields might be developed buy the Majors faster than other deep water fields, especially those in the GOM. I believe the reason you cited was that the Brazilian leases come with a shorter time frame for exploration and development. Here is an example of the PSA's in Nigeria: nigerianoil-gas.com 10 years to drill, 30 years to develop. How do the Brazilian contracts differ from the Nigerian in time frames? IF the Dog, or anyone else wants to weigh in, please do. TIA Bull