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To: jim_p who wrote (14570)11/5/2002 6:22:52 PM
From: aerosappy  Respond to of 206329
 
<<PeeGoo makes the list: Analysts' Lowest-Rated Stocks>>

Actually, this is quite a good sign. Most of us want to do almost exactly the opposite of what CNBC and the analysts recommend....



To: jim_p who wrote (14570)11/5/2002 6:27:14 PM
From: aerosappy  Respond to of 206329
 
Norway Seeks to Boost Oil Exploration to Counter Output Drop [Bloomberg, 11/05/02]

Oslo: Norway's oil minister, Einar Steensnaes, wants to step up exploration for oil and gas to counter an expected drop in output from the world's third-largest oil exporter.

Norway needs new finds to compensate for an expected decline in oil reserves after 2004. Statoil ASA and Norsk Hydro ASA, the nation's two largest oil companies, have urged the state to lift environmental curbs to allow drilling in Norway's northern waters, such as the Barents Sea.

``Access to new exploration areas is one of the most important issues in the next 12 months,'' Steensnaes said at a conference in Oslo. ``An answer may be indicated in the 18th licensing round in the spring of 2004, when we show what areas we have opened for exploration.''

Companies will probably be allowed to bid for drilling rights to Norwegian fields next year in the nation's 18th licensing round since 1965, Steensnaes said. In May, Steensnaes said new licenses were needed for Norway to prolong its output rates after 2007.