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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (71058)	9/15/2006 5:55:13 AM
From: elmatador	Read Replies (1) \| Respond to of 206097

Sinopec, Iran to sign deal to develop huge oil field www.chinaview.cn 2006-09-15 14:35:16 BEIJING, Sept. 15 (Xinhua) -- Sinopec, a major Chinese oil firm, may soon sign a deal with Iran to develop the huge Yadavaran oil field in southern Iran, Shanghai Securities News said. Sinopec will hold a 51 percent interest in Yadavaran, one of the largest untapped oil fields in the world, with estimated reserves of over 30 billion barrels, the newspaper said in a report on its website Friday. India's state-owned Oil and Natural Gas Corporation (ONGC) will have a 29 percent share, while the remaining 20 percent will be reserved for Iranian firms, well-informed sources were quoted as saying. Sinopec first signed a memorandum with Iran on the development of the oil field in October 2004. In the latest round of negotiations, Sinopec has agreed to provide equipment and services to develop Yadavaran, the report said.

To: energyplay who wrote (71058)	9/15/2006 7:00:38 AM
From: quehubo	Read Replies (1) \| Respond to of 206097

We had a fairly large increase in gas directed drilling activity in first two quarters of this year. This could provide a boost to production through the Winter. I see all the articles about rigs leaving the GOM, but the gas direct rig count in the GOM appears flat. The next few weeks weather is not predicted to be warm but colder than normal. Cee CPC. This should provide some heating load, even warm weather here wont make much difference on ng directed generation. We need some heating load. Utility outage season should be picking up here so that and low prices may help move some ng. Me I am playing it cautious as the storage action has not be enticing since the heat wave broke and we have a long way before weather starts hinting weather bloated O&G inventories will be worked down.

To: energyplay who wrote (71058)	9/15/2006 8:37:38 AM
From: Tommaso	Read Replies (1) \| Respond to of 206097

The wonderful thing about Canadian Oil Sands Trust and the Syncrude project is that the cheaper natural gas gets, the lower their expenses are. My shares in COS.UN are just going to stay in my safe deposit box till I die, and I expect to collect increasing dividends. It's my biggest holding--about 15% of my total net worth--and I just wish it were twice as big. Actually, because I also hold the derivative, Oil Sands Split Trust, it's about 20%. But like everyone else I wish I had gone more into cash than I have. I expect I am down 10% since June.