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

To: Douglas V. Fant who wrote (81151)	12/9/2000 3:27:07 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Some familiarity with N Slope geology though not an expert: Let's begin with this important excerp from your post. "...well drilled just offshore ANWR about 18 months ago came in with high quality oil, which kind of breaks that heavier gravity to lighter gravity trend from west to east across the North Slope". That's absolutely classic stuff, Doug. Key prerequisites for the occurance of oil and gas such as structure, lithology, porosity and permiability in the sub-surface are notorious for their discontinuity in the worlds many petroleum provinces. Just like the stock market "trends are made to be broken"(G). Moreover, it's the very difficulty of identifying possible reserves and quantifying the risk inherent of exploring a given location OR getting and holding onto the lion share of a big run in an exceptional oil & gas stock which offers the mental challenge that both excites and in time singles out the best of our earth science teams and stock market pros. OT/But a popular discussion here lately. Know you and are on the same page about this because of our PMs and those I've had with Kodiak and Roebear. My 15 yr old is deep into an important rite of passage faced by all bright children of that age. And it's one that's all too easy for busy, overworked parents to overlook. It's the age where standardized tests begin to get attention in the peer group. My sister did a wonderful job of placing this in the proper perspective when her oldest boy (now doing well at MIT) was in H.S. Likewise Kenny and I have talked about the reality that I.Q. or other test scores are of significance in the sense that they provide simply the opportunity to live a life of exceptional performance in one's chosen field. Application, commitment and good old "sweat equity" will determine the outcome going forward. As has been my experience in life, he will see many of his generation with "the numbers" but not the character to complete the success equation fall by the wayside in life's performance derby. In all too many cases, such failures, as Kodiak has done a superb job of pointing out, are due to lack of standards and encouragement in the family unit during a child's formative years. BTW Doug, did you notice Stanfords Soccer Team finished the regular season ranked #3 in NCAA, Division One? Plenty of sweat equity from those young men this season(g). They moved up from #12 early on! Love my son's take on choosing a top university. "Why would I want to go to MIT? They don't have a serious soccer team". Of course, in conversations with my sister, am too polite to point out this fatal flaw in her son's education.(G) Isopatch