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

To: DELT1970 who wrote (142351)	12/6/2010 12:39:06 PM
From: Grantcw	Respond to of 206184

Re: ATPG - I could be wrong, but I'm hoping that even if no new permits are issued in 2011 that ATPG with it's current production could get to 2012/Cheviot and the North Sea and get production growth there. Obviously, not a good scenario, but I think their recent cash flow moves and production from Telemark has given them some contingency plans. Thanks, cwillyg

To: DELT1970 who wrote (142351)	12/7/2010 8:35:36 AM
From: Ed Ajootian	Respond to of 206184

Thanks Delt, hopefully this provides a good solution. FWIW here's today's energyintel commentary on the matter: World Watch -- Comment & Interpretation on Today's News The panel set up by President Barack Obama to recommend policy reforms in the wake of BP’s Macondo disaster is pressing the US oil industry to create its own "safety institute" along the lines of the one that oversees the country’s nuclear power sector. This is a sensible move -- history shows that shifting the safety burden from regulator to industry tends to improve safety performance -- but it will be interesting to see how the oil industry responds. There has been much talk post-Macondo of the need to learn lessons, but Big Oil is not particularly good at learning them from other industries. After the Shell reserves debacle of 2004, the oil sector had the chance to avoid further such embarrassment by adopting the mining industry’s more transparent reserves booking rules. It was a chance it didn’t take. Much more is at stake in offshore safety, however, which may convince the oil industry to be more open to outside suggestions. Jim Washer, London