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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 (77024)	1/1/2007 6:33:16 PM
From: fp_scientist	Read Replies (1) \| Respond to of 206329

Ed, Re: "As stated in Noble's web site, their project is producing only 22 mmcf/d (i.e. 8 BCF/yr.) at this point, with the ability to expand production up to just 36 mmcf/d (i.e. 13 BCF/yr.). BPZ's project is expected to kick off with 40 mmcfd production, and if they really find a lot of gas, for a lousy $36 M more they can double the # of GE turbines, from 2 to 4, and use 80 mmcf/d of gas for generating electricity for the Peru market. That is not even starting to get into the demand for gas for power in Equador There apparently is plenty of demand for power in Ecuador, enough to support both Noble's project and BPZ's. Otherwise, why would BPZ continue to be showing the Phase III plans the way they are, even though they fully acknowledge the supply coming from Amistad?" I did find that interesting. They don't show the pipeline ending in Machala, nor do they mention the 130 MW plant that NBL has been operating there since 2004, even though one of their proposed pipelines to Guayaquil goes through Machala. I don't know what the Amistad reserves are but will try to find out. The only data point I have is a statement by NBL's ceo saying (link below) that he did not want to "over drill" Amistad until Ecuador's power market and prices became clear... rigzone.com Did you notice that Morgan-Keegan "temporarily suspended" coverage of BPZI a few days ago? Also, Subash Chandra is no longer listed as MG's Oilfield Services analyst. But you can find him listed in the Google cached version of the link below... Do you know what happened? morgankeegan.com As I said earlier, there is competition for BPZ Ecuador project. Peru gas-to-power is fine, but that is just like buying a Peruvian utility. Nice kiosk but no real upside in my view.