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

To: Ed Ajootian who wrote (76863)	12/31/2006 11:52:49 PM
From: fp_scientist	Read Replies (1) \| Respond to of 206328

"Morgan Keegan, a highly respected firm, wrote an exhaustive 23 page report on BPZ a few weeks ago. Included in this report was an extensive list of risks regarding an investment in BPZ, 2 pages in length. No such competing project was mentioned anywhere in this report." They are then missing the Amistad project by Noble. From Noble's website: nobleenergyinc.com Ecuador An example of Noble Energy's ability to create substantial value through innovation where others saw little or no opportunity is the company's fully integrated gas-to-power project in Ecuador. Here, Noble Energy took over the Amistad field that had been abandoned because Ecuador lacked a natural gas infrastructure. Noble Energy built an electric power plant onshore, installed a drilling and production platform on the Amistad field and built a 40-mile pipeline to connect the field facilities with the power-generating plant. The company is currently producing approximately eight billion cubic feet (Bcf) of natural gas per year. After adding a third power train and a combined cycle unit to the Machala power plant, the company could produce up to 13 bcf of natural gas per year. The Amistad natural gas field is located in the shallow waters of the Gulf of Guayaquil near the coast of Ecuador. In 2004, Noble Energy’s successful 2004 drilling program added gas resources that will carry the project into the next decade. The power plant is located on the coast near the city of Machala, Ecuador and has a capacity of 130 Megawatts from twin turbines. With access to its own low-cost fuel supply, Machala is one of the lowest-cost thermal energy producers in Ecuador. Noble Energy operates this gas-to-power project with a 100 percent working interest.