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To: energyplay who wrote (67263)	8/11/2005 4:30:44 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

energyplay Re: "seismic survey" But a pretty big part of the world has already been fairly well explored, right? Back in the 1970's during the first oil panic there was the hope that there would be oil found in the southeast. We signed a royalty contract with a guy from Texas (and I kid you not, he drove a big new Cadillac <g>) and his outfit drilled several exploratory wells in the Coosa river basin, one of them five miles from our place, all of them duds. From everything I have ever heard or read it was just like that all over Georgia, Alabama, Carolina, ect. I know there is a small amount of oil in Tennessee and even a bit here in Florida. Half way around the world from Georgia in Mindanao, a place so remote and lawless you would never think of oil exploration I found out that Mindanao had been drilled many years ago, with no success. There is some coal there and bunches of oil nearby in Borneo, but none found in the southern Philippines. They have found a little near Palawan and also some natural gas. But from what I have read, way back during the Marcos time in the 1970's there was enough exploratory drilling done by the Marcos cronies to confirm that there was probably little oil in the whole country. Well, isn't much of the world like that? Have there not been enough dry holes drilled all over the world to make it very unlikely that there are any really big fields yet undiscovered? Slagle