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

To: upanddown who wrote (86374)	2/5/2001 3:31:23 PM
From: Frank	Read Replies (2) \| Respond to of 95453

John--Thorton Bradshaw was an old friend of mine from the 70s. U.S. News did a special feature on energy and profiled the opinions of 5 energy "experts". Bradshaw and I were two of the five. I was not in his league but I guess they wanted an academic-I was a young professor at Penn State then--now I'm an old professor. Anyway, Thorton and I got on the same lecture circuit after that piece hit the press. We were invited to the same places and placed on the same panels. He was a great fellow and very sharp. Learned a lot and even visited him in his office several times--met lots of employees --maybe met you then. Lost contact in the 80s as I moved into electric utility consulting.--Frank

To: upanddown who wrote (86374)	2/5/2001 4:10:33 PM
From: isopatch	Respond to of 95453

John. Know where Beauford Sea is(g). In fact, I remember Mukluk! Big stake into the heart of the optimism about the Beauford Sea. Although this may seem a long shot to most; have a feeling that the Beauford area isn't as barren as most people currently believe. When we get near the top of this secular bull market in the patch am willing to bet there'll be enough optimism to prompt some ambitious 3D shoots and a couple of mid range commercial fields will be found. However we geology types are the optimists while the Petroleum Engineers are the "practical" ones(g). BTW, what kind of work did you do during your years at ARCO? In any case, we may not be all that far apart concerning ANWAR. Agree that it's unlikely that "any one discovery" will be as large as Prudhoe. Super Giants are VERY rare animals. Anyone with a reasonable background in Petroleum Geology will tell you that. To clarify: My guess is there's more than enough commercial hydrocarbons in the 40 plus structures already identified in or adjacent to the costal plain of ANWAR to rival the total recoverable BOE of Prudhoe Bay. However I agree with you no one discovery in ANWAR is likely to be nearly that big. My guess is tops for any one reservoir will be a bit over or under 1 BBOE. My point remains that with 200 million bbls here, and 500 million there, we will get there. Optimistic? Maybe. But pie in the sky? No. Too bad we have to wait a good while to find out. Isopatch