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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Vincent Ramirez who wrote (1092)	10/1/2000 9:05:49 AM
From: Zeev Hed	Respond to of 1713

Vince, oil in the ground at $.15 per barrel is indeed a pretty good deal, providing of course that you have enough faith in the stability of the political system. I have no ideas what it will cost you to "find and extract" the stuff, that could be well north of the $6 area, and of course, what transportation infrastructure you might need. But, if you are assured of "owning" the stuff, and you do not have to pay yearly fees to maintain those rights, eventually, you should be able to raise the money to get it out. As for what it takes to extract those shales and tar sand oils, you are right, that is a long term project, my point was that OPEC would not want crude to be much above $30 for any length of time to prevent these resources from opening up, and thus they will do what they can to throw instability in the prices so that investors will not rush to back such sand tar ventures. Dosvidania Zeev irrevolute.iuma.com

To: Vincent Ramirez who wrote (1092)	10/1/2000 10:51:14 AM
From: Razorbak	Respond to of 1713

Vince! Welcome back. You've been missed. I tried to locate you last year on the Lundin Oil thread, just to find out how things were going, but no one seemed to know how to reach you directly. Glad to hear everything is still going well for you in Russia. Please join us on the "Strictly: Drilling and Oilfield Services" thread. Subject 12099 It's a very fast moving thread, but has some of the sharpest people on SI that contribute regularly. Your input there will be greatly appreciated. Best regards, Razor