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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 (77029)	1/2/2007 12:11:37 PM
From: ames	Respond to of 206329

<<there will always be some way to monetize the gas if they find it in enough volume>> Eg, Ecuador & neighbors have a strong floral/agricultural industry that can always use (I suspect) natgas/derived fertilizer. Assuming of course that there are those tantalizing 4 TCF. Given the biped's staggering dependence on nitrogen fertilizers to sustain these present unprecedented populations, natgas will always be in critical demand, IMO.

To: Ed Ajootian who wrote (77029)	1/2/2007 8:33:48 PM
From: fp_scientist	Read Replies (1) \| Respond to of 206329

Re: BPZ Energy (BPZI) You say: "I also vociferously disagree with your comment that its "just like buying a Peruvian utility". BPZ has 4 TCF of 3P reserves, at a buck an mcf this amount of reserves would be worth about $70/share. In addition to using the gas for power, there are many opportunities to use it for industrial purposes, and maybe even a gas-to-liquids plant or LNG liquifaction plant. So there will always be some way to monetize the gas if they find it in enough volume. IMO, to say that the gas prospects for BPZ are no "real upside" is silly." Stranded gas offshore in Peru worth $1/mcf? Can you find a buyer at that price? (I mean someone with lots of cash willing to develop it). I don't think so. Corvina is not large enough for LNG. Let's agree to disagree. Good luck - fp