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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (12351)2/21/1998 8:19:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
You nervous while waiting to see what happens in bagdhad?It 's do or die.
GD



To: Broken_Clock who wrote (12351)2/21/1998 11:28:00 PM
From: Czechsinthemail  Read Replies (2) | Respond to of 95453
 
Granted there are enormous difficulties and costs in ultradeep drilling. Except for the possibility of finding a billion barrel field, you would wonder why anyone would undertake such a thing. If exploration costs $5 a barrel, and if production costs another $5 a barrel, and if the pessimists are right and oil goes down to $12 a barrel, that only leaves $2 billion profit. Bummer.

Baird


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