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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (53532)	9/19/2004 9:49:00 PM
From: energyplay	Respond to of 74559

Hi Malcolm - Most oil today is difficult to find in the ususall places you may have to deal with North Sea environments, 3-D siesmic, specialized frac programs, etc. However, sometime it just seeps right up, like the La Brea Tars in Los Angeles. Lots of shallow oil associated with that. Numerous areas of the globe are opening up not just becaues of political changes, but market changes as industrialization spreads - Turkey being a good example. The wells that M&P are drilling on land go to about 1300 metere, around 4000 feet or so. That's not a deep well in the North America. The well that TRGL drilled of the Turkey coast was close to shore, in shallow water, and about 6000-7000 feet deep. Easy for 1970s Gulf of Mexico technology. Modern 3-D seismic has been run in the area. With an onshore gas price of > $4.00, all that's need is execution. The offshore targets for EGY VAALCO use what is every day technology in Gulf of Mexico. This is about the most technically advanced play in the first part of my list. Most of the comapanies have experts and consultants with the experience needed. Heritage Oil might be the exception, maybe a bit of Great White Oil Hunter in Africa feel there...