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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (4968)	4/19/1998 12:19:00 PM
From: John B. Smyth	Read Replies (1) \| Respond to of 24918

Richard, I recalled an IT type (from Vancouver) who responded to a posting I made on Motley Fool. I will try to contact him to see what information he might have. Regards, John

To: Richard Saunders who wrote (4968)	4/19/1998 2:26:00 PM
From: AL R	Read Replies (2) \| Respond to of 24918

Oil and Gas - recent insider trading Company Insider Date Bought Sold Price Held Alberta Energy R. Eresman 03/98 9500 34.00 3700 Alberta Energy H. McFadyen 02/98 27750 34.40 0 Alberta Energy R Westcott 02/98 10000 32.00 2400 Alberta Energy K. Woldum 02/98 8900 32.50 5500 Alpine Oil R. Hauser 01/98 26500 1.25 823673 BC Gas T. Stewart 02/98 2000 30.00 5300 Barrington S. Epstein 01/98 19000 4.05 6515067 Barrington Phillips Hager 02/98 33100 4.37 6769236 Blue Range L. Wheeler 03/98 59400 7.00 4260750 Can Occidental D. Wartman 03/98 1000 27.25 1000 Can Occidental J. Wilson 03/98 1000 28.65 1500 Crestar Energy H. Schaefer 02/98 1500 22.25 13035 Elk Point A. Walsh 02/98 2500 6.40 284772 Newport Pete S. Dykstra 03/98 50000 5.80 361002 Northrock D. Hansen 02/98 50000 22.00 215043 Northrock J. Van De Pot 02/98 30000 20.85 15555 Numac Numac 02/98 70600 4.95 0 Pacalta K. Netolitzky 01/98 30000 12.00 1987000 Pan East Pete R. Maitland 02/98 20000 1.55 20000 Poco Pete K. Hertz 02/98 13400 13.45 9300 Poco Pete K. King 03/98 8255 14.75 13906 Rio Alto R. Cones 02/98 25000 12.60 0 Rio Alto FMR 02/98 206200 12.68 6358100 Summit Res R. Dawson 01/98 14301 4.62 2192 Summit Res M. Jones 02/98 1331 5.00 1723 Suncor T. Hopwood 03/98 7600 52.58 2848 Talisman R. Bandeen 02/98 600 42.00 1500 Tri Link Res Phillips Hager 02/98 51050 15.95 2660500 Tri Link Res R. Storie 02/98 1000 15.50 3000 Ulster Pete F. Woods 02/98 10000 12.00 15861 Upton Res G. Dutton 01/98 1200 3.82 415500 Viceroy Res R. Netolitzky 02/98 93000 2.80 1564027 Westminister J. Woods 02/98 4500 8.50 3752934

To: Richard Saunders who wrote (4968)	4/27/1998 3:42:00 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 24918

fwiw...../ Year 2000 challenges in the oilpatch. Back on April 19 I posted a general wonder about possible implications in the oilpatch re: Millenium bug that's approaching, as someone has said, at 36,000 seconds an hour. One response resulted, that from a company guy who's involved in some various monitoring equipment manufacturing. (Supervisory Control and Acquisition Data - company is Unitec Int'l., I own shares and apologies if it sounds like hype. Personally think UIC has scary financials but that's another story...). On occasion glances at some USENET groups occurs and recently I saw something that directly related to what I was wondering. The post is listed below and I've contacted the author (a Calgary P.Eng type) and obtained his permission to post what was previously on sci.geo.petroleum newsgroup. Food for tho't.......... =-=-=-=-=-=-=-=- "Newsgroups: sci.geo.petroleum Subject: Re: Year 2000 problem and oil industry Date: Wed Apr 22 14:00:57 1998 tmelsom@online.no wrote in message <6hd89b$3gt$1@nnrp1.dejanews.com>... >I hope someone can help me finding out what possible problems and >dangers(read accidents)that may occur in the oil-industry. Also, >what have the oil industry been doing so far to prevent anything >from happening. > >Maybe you are working with this problem or know someone who does? > >Any written material you know of ? > >I would really appreciate some help / ideas. > I recently worked for an Exploration/Production company in Calgary, Alberta, Canada. They have been working on the problem since the early part of 1997. I did not participate in the study (or actions) but I worked for the same department as the individuals conducting the study. The IS department (I believe) also conducted an investigation on the office/accounting systems -- I know little about this study. The major finding was that there were numerous real-time clocks in the control systems and metering. About 70% were not year 2000 compliant (mostly in systems that were 5-10 years old). The worst case scenario (without testing) would be a shutdown of the system components when the sample interval was found to be "negative time". Although this posed little danger in terms of safety, it posed great problems in terms of operability. The company in question was a middle-sized producer and very aggressive in terms of production. Down-time at a facility site was not considered acceptable under any circumstances. Repairs and maintenance were accomplished with great speed. If an opportunity existed to install a parallel system (i.e. two pumps in parallel instead of one large one), it it was generally implemented (run at 50% capacity to fix or maintain the parallel side of the plant). For a company with this kind of operating philosophy, there was a great "danger" in having a system shut down for any length of time. (Their financial mechanisms depended on a steady flow of revenue) My experience (lately) has been that control system components are difficultto obtain rapidly. Most of the delivery times (for new components) have been in the order of 8-14 weeks. I can't imagine what the president of an oil company might do (explode ;-) ) if he was told that his revenue stream would be cut in half (or worse) for 2-3 months because control system components are not year 2000 compliant. ("But replacements are on order, boss!") It may be possible to reset the dates on many of these clocks (most of the controls I have seen don't care what "date" it is, but they sure need to know what "time" it is)... I hope this is helpful. (name withheld but is posted at usenet) P.Eng.