February 2007 Explorer

Total Page:16

File Type:pdf, Size:1020Kb

February 2007 Explorer Vol. 28, No. 2 February 2007 FEBRUARY 2007 3 On the cover: The awesome beauty of Alaska – and for explorers, Ability-to-Pay Graduated Dues Structure (proposed fee schedule) the delicious dynamics of its geologic history – are on full display this Gross Personal Dues Products Options month thanks to AAPG member David Houseknecht, who took this Income photo and will be offering talks on Alaskan potential at the upcoming Level 1 >$50,000 $80 EXPLORER hardcopy/optional BULLETIN AAPG Annual Convention in Long Beach, Calif. See page 6. Specifically, the cover photo captures the thrust fault ramp in Level 2 $50-25,000 $40 EXPLORER hardcopy/digital $30 BULLETIN Carboniferous Lisburne Group carbonates at Brooks Range mountain BULLETIN hardcopy fee front, Akmagolik Creek, north-central Alaska. How awesome is it? Use Level 3 <$25,000 $20 Digital only $20 EXPLORER the blue helicopter (see it in the center of the photo?) for scale. The hardcopy fee and scene is about 150 miles southwest of Prudhoe Bay. $30 BULLETIN hardcopy fee Note: Figures do not include postal surcharge for non-U.S. mailing. Taking it to the streets: Ryan Henry, who found creative ways 4 to teach earth sciences to students at a Tulsa Street School, is this year’s AAPG Teacher of the Year. Dues You Can Use; Everything old is new again: The Arctic Alaska already is 6 considered a world-class petroleum province, but future exploration may depend on a new view of old rocks. A Step to the Future You thought the Grand Canyon was big? Sometimes it’s 10 By LEE T. BILLINGSLEY This situation reminds me of a quote dwarfed by the ongoing flap of how it got that way. After reviewing next year’s financial from Charles Darwin: “It is not the projections and expansion of AAPG strongest of the services, the Executive Committee voted species that Good vibrations: Something is always shaking in the world of 12 to set next year’s dues at $80 for Active survives, nor the seismic technology, and the results have been good for the and Associate and $40 for New Associate most intelligent, but industry and the environment alike. and Emeritus members. the one most To put next year’s top dues of $80 in responsive to perspective: change.” A dirty shame: In a country where earthquakes, volcanoes 16 ✓ It is about the same as the top dues and tsunamis are a constant threat, a deadly mudflow is for SPE and SEG. * * * ✓ It is a 6.7 percent increase after six wreaking havoc. years of no change. Should AAPG ✓ Based on AAPG’s annual salary members be The main course? Frontier exploration may be the industry’s 20 survey, the average member will need to concerned? work less than two hours per year to pay If AAPG were like champagne and caviar when it comes to headlines, but for dues. Billingsley a commercial bank, generating new prospects in known areas remains its ✓ Dues will cost less than that of one we could envision exploration bread and butter. cup of Starbuck’s coffee per week for a members making “deposits” to AAPG in year. the form of new technical data and As you can see from the above interpretations, attendance at rationale, AAPG dues are relatively conventions, purchasing books, etc. inexpensive for our “average” members. AAPG depends on its members to However, some current members and continually replenish and expand its Geophysical Corner 28 Membership and Certification 35 many prospective members currently technical database. Like commercial earn considerably less than the average. banks, AAPG must actively market itself to Washington Watch 29 Readers’ Forum 36 AAPG dues, even the half rate for New new account holders, even though most Associates, are a deterrent for both new members may only make small Regions and Sections 30 In Memory 38 retention and recruitment of some deposits at first. However, as new members. depositors mature and remain loyal, some www.Update 32 Classified Ads 40 In many parts of the world AAPG will make major deposits or contributions. actually competes for members with SPE If AAPG cannot attract these new Foundation Update 32 Director’s Corner 41 and SEG. Even though each organization members we will suffer the consequences offers different content to its members, of a stagnating membership, much like a Spotlight on Education 33 EMD Column 41 prospective members are faced with a bank without new accounts. choice of joining only one organization. AAPG clearly needs a graduated dues Professional News Briefs 34 Currently, both SPE and SEG offer structure to be competitive on a global graduated dues structures, and their dues scale. Several committees and groups are reduced from their top rate based on within AAPG, including the Executive a member’s geographic location, years of Committee, Advisory Council, Ad Hoc AAPG Headquarters – 1-800-364-2274 (U.S. & Canada only), others 1-918-584-2555 experience or combinations thereof. Thus, Graduated Dues Committee and Communications Director Correspondents Advertising Coordinator some geologists are joining SPE or SEG Membership Committee collaborated and Larry Nation David Brown Brenda Merideth but not AAPG simply based on the cost conferred for the past year to recommend e-mail: [email protected] Louise S. Durham P.O. Box 979 structure of dues. a graduated dues structure that would Barry Friedman Tulsa, Okla. 74101 AAPG does not have to imitate other best fit our membership. Managing Editor Ken Milam telephone: (918) 560-2647 organizations, just for the sake of following AAPG’s House of Delegates’ (HoD) Vern Stefanic (U.S. and Canada only: their lead. But SPE’s and SEG’s increasing leadership took the recommendation, e-mail: [email protected] Graphics/Production 1-800-288-7636) memberships and AAPG’s flat to declining modified it slightly and has now placed a Rusty Johnson (Note: The above number is membership have certainly gotten the Bylaw amendment on the agenda for the Editorial Assistant e-mail: for advertising purposes only.) attention of your elected leadership for the Susie Moore [email protected] fax: (918) 560-2636 past couple of years. See President, next page e-mail: [email protected] e-mail: [email protected] Vol. 28, No. 2 Candidates’ Bios, Responses Online The AAPG EXPLORER (ISSN 0195-2986) is published monthly for members. Published at AAPG headquarters, 1444 S. Boulder Ave., P.O. Box 979, Tulsa, Okla. 74101, (918) 584-2555. e-mail address: [email protected] Periodicals postage paid at Tulsa, Okla., and at additional mailing offices. Printed in the U.S.A. Biographies, pictures and information were provided by each Note to members: $6 of annual dues pays for one year’s subscription to the EXPLORER. Airmail service for members: $45. Subscription rates for non-members: $63 for 12 issues; add $67 for airmail service. Advertising rates: Contact Brenda statements from all candidates for candidate and edited only for Merideth, AAPG headquarters. Subscriptions: Contact Veta McCoy, AAPG headquarters. Unsolicited manuscripts, photographs and videos must be accompanied by a stamped, self-addressed envelope to ensure return. AAPG office are now available for grammar, spelling and format. viewing on the AAPG Web site, This information, which will remain The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products or services that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG. www.aapg.org. online through the election period, also Copyright 2007 by the American Association of Petroleum Geologists. All rights reserved. The candidates were given the appeared as a hardcopy insert in the opportunity to respond briefly to the January EXPLORER. POSTMASTER: Please send address changes to AAPG EXPLORER, P.O. Box 979, Tulsa, Okla. 74101. subject: “Why I Accepted the Invitation Online balloting will be made Canada Publication Number 40046336. Canadian returns to: Station A, P.O. Box 54, Windsor, Ontario N9A 6J5 to be a Candidate for an AAPG Office.” available in the spring of 2007. Ballots e-mail: [email protected] Responses and biographical will be counted on May 16. FEBRUARY 2007 4 one-fourth of Level 1, or $20 next year. President ✓ Dues based on any income level AAPG Honors Teacher from previous page cannot be less than $20. At first glance, Level 1 appears to subsidize the lower levels. However, as Ryan Henry, currently a and the other half for his shown on the accompanying table, Level seventh grade earth sciences personal use. HoD meeting in Long Beach, Calif. on 2 and Level 3 dues payers will receive teacher at Graland Country Day He also receives an all- April 1. fewer hardcopy products. These products School in Denver, has been expense paid trip to the AAPG and their delivery are a significant named AAPG’s National Earth Annual Convention in Long * * * expense, so the reduction in dues revenue Science Teacher of the Year. Beach, Calif., April 1-4, where is at least partially offset by a reduction in Henry is receiving the honor he will be presented with his The proposed amendment can be expense. for his efforts while teaching at award at the All-Convention summarized as follows: Level 2 and 3 dues payers can still Street School in Tulsa, where he Luncheon. ✓ Member dues levels are created elect to receive hardcopy products by taught all science classes offered Henry, who received both according to personal gross income in paying an extra fee. These additional fees including: physical science, his bachelor’s degree in earth U.S. dollars. Level 1 – income greater than may be adjusted in future years biology, earth science and science and master’s degree in Henry $50,000; Level 2 – $25,000-$50,000; and depending on costs.
Recommended publications
  • Seismic Reflections
    9 December 2011 Seismic reflections Listening out for the Falklands jungle drums Interest in Falklands oil exploration has dwindled during 2011 as investors limit exposure to the frontier region. However, with Rockhopper nearing the end of its extended Sea Lion appraisal campaign, a second discovery having been confirmed in the shape of Casper, and most critically the Leiv Eiriksson drilling rig coming over the horizon to start drilling in the South Falklands Basin, we expect interest to pick up significantly in the new year. Enthusiasm may not reach the peaks of 2010’s hysteria, but the region continues to offer some of the cheapest proven oil in the ground along with Analysts excellent upside for the frontier exploration investor. Ian McLelland +44 (0)20 3077 5756 Colin McEnery +44 (0)20 3077 5731 Press coverage dries up Peter J Dupont +44 (0)20 3077 5741 Elaine Reynolds +44 (0)20 3077 5700 Column inches during 2010 became as inflated as valuations when Rockhopper Krisztina Kovacs +44 (0)20 3077 5700 bagged its maiden discovery at Sea Lion. However, more recently front page [email protected] spreads have been replaced with only the briefest of mentions. Indeed, confirmation 130 last month of a second discovery in the shape of Casper was greeted in one 120 110 leading trade journal with a paltry one inch of text and 36 words. 100 90 Investors take flight 80 Despite the almost heroic efforts of Rockhopper to fully appraise its Sea Lion 70 prospect, with eight appraisal wells almost all on prognosis and two flow tests Jul/11 Apr/11 Oct/11 Jan/11 Jun/11 Feb/11 Mar/11 Aug/11 Nov/11 Dec/10 Sep/11 May/11 Brent WTI driving resource estimates up to 389mmbbls, the interest in the North Falklands Basin has continued to wane.
    [Show full text]
  • Hardy Oil and Gas Plc Introduction to the Official List
    Hardy Oil and Gas plc Introduction to the Official List Official the to Introduction plc Gas and Oil Hardy Hardy Oil and Gas plc Hardy Oil and Gas plc Hardy Oil and Gas plc Lincoln House 137-143 Hammersmith Road London W14 0QL Introduction to the Official List Tel: +44 (0) 20 7471 9850 Fax: +44 (0) 20 7471 9851 Sponsor and Broker www.hardyoil.com Hardy OilArden Partners plc and Gas plc This document comprises a prospectus relating to Hardy Oil and Gas plc prepared in accordance with the Prospectus Rules of the UK Listing Authority made under section 73A of the Financial Services and Markets Act 2000. Application has been made to the UK Listing Authority and to the London Stock Exchange respectively for admission of all of the Ordinary Shares to: (i) the Official List; and (ii) the London Stock Exchange’s market for listed securities. No application has been made or is currently intended to be made for the Ordinary Shares to be admitted to listing or dealt with on any other exchange. It is expected that Admission will become effective and that dealings on the London Stock Exchange in the Ordinary Shares will commence on 20 February 2008 (International Security Identification Number: GB00B09MB366). Upon Admission, the admission of the Company’s Ordinary Shares to trading on AIM will be cancelled. This document has not been, and does not need to be, approved by the Isle of Man Financial Supervision Commission, or any governmental or regulatory authority in or of the Isle of Man. The Ordinary Shares have not been, and will not be, registered under the US Securities Act or under the securities laws of any state, district or other jurisdiction of the United States, or of Canada, Japan or Australia, or any other jurisdiction and no regulatory clearances in respect of the Ordinary Shares have been, or will be, applied for in any jurisdiction other than the UK.
    [Show full text]
  • Seismic Reflections | 5 August 2011
    1 | Edison Investment Research | Seismic reflections | 5 August 2011 Seismic reflections Confidence in Kurdistan grows Iraq, including the autonomous Kurdistan region, probably has the world’s largest concentration of untapped, easily recoverable oil reserves. Pioneering moves were made into Kurdistan in the 2000s by the likes of Gulf Keystone and Hunt Oil, with considerable drill-bit success. In late July, two important Kurdistan exploration and development deals were announced. These involve Afren acquiring interests in two PSCs with sizeable contingent reserves and a Hess-Petroceltic partnership signing two PSCs for exploration purposes. With increasing production and Analysts improving relations between the regional and Iraqi federal governments, Ian McLelland +44 (0)20 3077 5756 these deals reflect growing confidence in Kurdistan’s potential as a major Peter J Dupont +44 (0)20 3077 5741 new petroleum province. Elaine Reynolds +44 (0)20 3077 5700 Krisztina Kovacs +44 (0)20 3077 5700 Anatomy of the Kurdistan oil province [email protected] 6,000 Kurdistan is located in the North Arabian basin and is on same fairway as the 5,500 prolific oilfields of Saudi Arabia’s Eastern Province, Kuwait, southern Iraq and Syria. 5,000 4,500 The geological backdrop to Kurdistan tends to be simple and is characterised by 4,000 3,500 large anticlinal structures, deep organic-rich sediments and carbonate reservoirs 3,000 mainly of Jurassic to Cretaceous age. Drilling commenced in the region in 2006. So far, 28 wells have been drilled, of which 20 have been discoveries, resulting in A pr/11 Oct/10 Jun/11 Fe b/11 Aug/10 Dec/10 Aug/11 estimated reserves of over 5.8bn boe.
    [Show full text]
  • Openair@RGU the Open Access Institutional Repository at Robert Gordon University
    OpenAIR@RGU The Open Access Institutional Repository at Robert Gordon University http://openair.rgu.ac.uk Citation Details Citation for the version of the work held in ‘OpenAIR@RGU’: SANUSI, M. S., 2015. Market efficiency, volatility behaviour and asset pricing analysis of the oil & gas companies quoted on the London Stock Exchange. Available from OpenAIR@RGU. [online]. Available from: http://openair.rgu.ac.uk Copyright Items in ‘OpenAIR@RGU’, Robert Gordon University Open Access Institutional Repository, are protected by copyright and intellectual property law. If you believe that any material held in ‘OpenAIR@RGU’ infringes copyright, please contact [email protected] with details. The item will be removed from the repository while the claim is investigated. MARKET EFFICIENCY, VOLATILITY BEHAVIOUR AND ASSET PRICING ANALYSIS OF THE OIL & GAS COMPANIES QUOTED ON THE LONDON STOCK EXCHANGE Muhammad Surajo Sanusi A thesis submitted in partial fulfilment of the requirements of the Robert Gordon University for the degree of Doctor of Philosophy June 2015 i Abstract This research assessed market efficiency, volatility behaviour, asset pricing, and oil price risk exposure of the oil and gas companies quoted on the London Stock Exchange with the aim of providing fresh evidence on the pricing dynamics in this sector. In market efficiency analysis, efficient market hypothesis (EMH) and random walk hypothesis were tested using a mix of statistical tools such as Autocorrelation Function, Ljung-Box Q-Statistics, Runs Test, Variance Ratio Test, and BDS test for independence. To confirm the results from these parametric and non-parametric tools, technical trading and filter rules, and moving average based rules were also employed to assess the possibility of making abnormal profit from the stocks under study.
    [Show full text]
  • Arden Partners
    Quarterly Research Outlook April 2019 UK Equity Research www.arden-partners.com Arden Partners Arden Partners is a research-led firm, offering The relationship with Pershing Securities institutional, agency, broking services Limited, which acts as settlement agent for principally in small and mid-cap. stocks Arden Partners, enables the group to provide together with corporate finance advice to this significant transaction capacity. sector of the stockmarket. Sector coverage includes many of the areas The business was founded in 2002, rapidly associated with the team and a number of new establishing a strong record for its research and business sectors. The focus is predominantly, distribution capabilities. This enabled Arden but not exclusively, on the small and mid- Partners to establish a robust financial record capitalisation constituents of the stockmarket enabling the business to join the AIM market in under £1.5bn market cap. 2006 (ARDN.L). Our analysis is built on in-depth research, which The group is firmly focused on providing values close relationships with the uncompromising analysis, sound advice and management teams of our research fair deals for both corporate and institutional companies, thereby providing added value clients. With a strong balance sheet and a investment perspectives to our fund manager flexible cost base, the business is able to build client base. on its long-term strategic goals. This research material is a marketing communication and has not been prepared in accordance with legal requirements designed to promote the independence of research and is not subject to any legal prohibition on dealing ahead of dissemination. 11 April 2019 Welcome to Arden’s Quarterly Research Outlook for Spring 2019 We’re just over three months in to 2019 and we’ve seen a 10% UK market rally, retracing much of the Q4 decline, such is the nature of fickle market sentiment.
    [Show full text]
  • COMPETENT PERSON's REPORT Prepared for HARDY OIL and GAS
    GCA GAFFNEY, CLINE & ASSOCIATES COMPETENT PERSON’S REPORT Prepared for HARDY OIL AND GAS PLC APRIL, 2010 The Americas Europe, Africa, FSU Asia Pacific and the Middle East 1360 Post Oak Blvd., Bentley Hall, Blacknest 80 Anson Road Suite 2500 Alton, Hampshire 31-01C IBM Towers Houston, Texas 77056 United Kingdom GU34 4PU Singapore 079907 Tel: +1 713 850 9955 Tel: +44 1420 525366 Tel: +65 225 6951 Fax: +1 713 850-9966 Fax: +44 1420 525367 Fax: +65 224 0842 email: [email protected] email: [email protected] email: [email protected] and at Caracas – Rio de Janeiro – Buenos Aires – Sydney www.gaffney-cline.com Hardy Oil and Gas plc. Copy No. E2291 GCA GAFFNEY, CLINE & ASSOCIATES Page No. INTRODUCTION ................................................................................................................................. 1 SUMMARY ............................................................................................................................................... 4 DISCUSSION .......................................................................................................................................... 13 1. INDIA ......................................................................................................................................... 13 1.1 Cauvery Basin ............................................................................................................ 13 1.1.1 PY-3 Field (Hardy NWI 18%)............................................................... 14 1.1.2 Block CY-OS/2 (Hardy
    [Show full text]
  • 1 Modelling Oil and Gas Stock Returns Using Multi Factor Asset Pricing
    Modelling oil and gas stock returns using multi factor asset pricing model including oil price exposure Abstract Oil and gas is one of the most important sectors in every economy and the valuation of oil and gas companies becomes quite challenging due to the volatility of crude oil price. The paper investigates the determinants of the UK oil and gas stock returns using multi factor asset pricing model and the existence of asymmetric effects in the Brent crude oil price. Our results show that market risk, oil price risk, size and book-to-market related factors are all relevant in the determination of asset returns of the oil and gas companies quoted on the London stock exchange. Oil price increases and decreases decomposed separately have more effect on the oil companies’ stock returns than the normal log changes of the price which shows the presence of asymmetric effect. However, the oil price shocks in general do not seem to strongly affect stock returns in oil and gas sector possibly due to horizontal and vertical integration of bigger companies in the sector. Keywords: asset pricing models, Brent crude oil, asymmetry in oil price, size effect, book to market ratio, oil and gas sector, oil price exposure, structural breaks. JEL Classification Codes: G12 1 1. Introduction One of the biggest challenges in the field of finance is how to effectively model the risk and return of financial securities. Researchers have formulated various asset pricing models that tend to explain the determinants of asset returns. Markowitz’s (1952) mean-variance analysis provides the foundations of portfolio optimisation.
    [Show full text]
  • Orosur Mining Inc 2016
    ANNUAL INFORMATION FORM FOR THE YEAR ENDED MAY 31, 2016 AUGUST 31, 2016 TABLE OF CONTENTS ITEM 1 PRELIMINARY NOTES .............................................................................................................. 3 ITEM 2 CORPORATE STRUCTURE ...................................................................................................... 5 2.1 Name, Address and Incorporation ................................................................................. 6 2.2 Intercorporate Relationships ......................................................................................... 6 ITEM 3 GENERAL DEVELOPMENT OF BUSINESS ............................................................................... 7 3.1 Business Overview ....................................................................................................... 7 3.2 Summary of the Business ............................................................................................. 7 3.3 Three Year History........................................................................................................ 8 3.4 Significant Acquisition ................................................................................................. 11 3.5 Significant Dispositions ............................................................................................... 12 ITEM 4 DESCRIPTION OF THE BUSINESS ......................................................................................... 12 4.1 General .....................................................................................................................
    [Show full text]
  • MARCH 2007 Vol
    68 Precision Imaging Q-Land in North America Superior signal-to-noise ratio High-resolution imaging of thin sands Q-Land Advanced fracture characterization Quantitative inversion and solution products Enabled by industry-leading point-receiver technology, advanced statics solutions, and Digital Group Forming, the unique abilities of Q-Land are helping reduce E&P risk in North America today. www.westerngeco.com/Q-Land For more information call: 713-689-1000 Visit us at AAPG Booth #1339 Mark of WesternGeco © 2007 Schlumberger. 07-se-043 MARCH 2007 Vol. 28, No. 3 March 2007 67 Synergy Passionate performance and powerful innovation now go by a single name. cggveritas.com MARCH 2007 MARCH 2007 3 On the cover: Venoco’s Platform Gail, located about 10 miles offshore in 739 feet of water in the Santa Barbara Channel, is just one sign of the historical – and continuing – importance of oil that’s found in California. The platform, which can accommodate up to 93 people at a time but can be run by as few as five, produces from the Sockeye Field. Photo courtesy of Venoco. Inset, turbidite sand beds containing Bouma Ta-Td sequences and flame structures in the upper channelized portion of a submarine fan system within the Monterey Formation. Photo by A.E. Fritsche. They call California the land of milk and honey, but the reality 8 of Los Angeles’ success is a deeper truth: It was built on oil. Dig this: Because of a rock-collecting gravedigger in the 16 Netherlands, Arnold Bouma started his love affair with geology – a trip that took him to the pinnacle of his profession.
    [Show full text]
  • シンボルコード 銘柄 必要証拠金率 3IN:Xlon 3I Infrastructure Ltd 20
    シンボルコード 銘柄 必要証拠金率 3IN:xlon 3I Infrastructure Ltd 20% 888:xlon 888 Holdings Plc 20% AAL:xlon Anglo American Plc 20% AAT:xlon AEA Technology Group Plc 20% ABC:xlon Abcam Plc 20% ABF:xlon Associated British Foods Plc 20% ABG:xlon African Barrick Gold Plc 20% ABM:xlon Albemarle & Bond Holdings Plc 20% ABR:xlon Absolute Return Trust Ltd 20% ACL:xlon Acal Plc 20% ADM:xlon Admiral Group Plc 20% ADN:xlon Aberdeen Asset Management Plc 20% AEP:xlon Anglo Eastern Plantations Plc 20% AERL:xlon Aer Lingus Group Plc 20% AFR:xlon Afren Plc 20% AGA:xlon AGA Rangemaster Group Plc 20% AGK:xlon Aggreko Plc 20% AGR:xlon Assura Group Ltd 20% AGS:xlon Aegis Group Plc 20% AGTA:xlon Agriterra Ltd 20% AHT:xlon Ashtead Group Plc 20% AI:xlon *DELISTED 20091214 (Aero Inventory Plc) 100% AIE:xlon Anite Plc 20% AIP:xlon Air Partner Plc 20% AKT:xlon Ark Therapeutics 75% ALBK:xlon Allied Irish Banks Plc 20% ALN:xlon Alterian Plc 20% ALPH:xlon Alpha Pyrenees Trust Ltd 75% ALY:xlon Ashley (Laura) 20% AMEC:xlon AMEC Plc 20% AMER:xlon Amerisur Resources Plc 20% AMI:xlon African Minerals Ltd 20% AML:xlon Amlin Plc 20% ANGL:xlon *Delisted 20090122 (Anglo Irish Bank) 100% ANTO:xlon Antofagasta Plc 20% AOT:xlon Anglo & Overseas Trust Plc 20% APF:xlon Anglo Pacific Group Plc 20% APT:xlon Axa Property Trust Ltd 20% AQP:xlon Aquarius Platinum Ltd 20% AR:xlon Archipelago Resources Plc 20% ARE:xlon Arena Leisure Plc 20% ARM:xlon Arm Holdings 20% ASC:xlon Asos Plc 20% ASD:xlon Axis-Shield Plc 20% ASHM:xlon Ashmore Group Ltd 20% ASL:xlon Aberforth Smaller Companies Trust Plc 20% ASM:xlon Antisoma 100% ASTO:xlon AssetCo Plc 25% ATK:xlon Atkins (Ws) Plc 20% ATST:xlon Alliance Trust Plc 20% AU:xlon Autonomy Corp.
    [Show full text]
  • Cambridge Energy Research Associates (CERA) Is an Independent Research Firm That Provides Insight Into the Energy Future
    September 15, 2008 Ms. Florence Harmon Acting Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: File No. S7-15-08 -- Modernization of the Oil and Gas Reporting Requirements Dear Ms. Harmon: Cambridge Energy Research Associates (CERA) is an independent research firm that provides insight into the energy future. In February 2005, CERA released a report entitled In Search of Reasonable Certainty that represented the culmination of a six-month research project supported by a diverse group of 32 separate organizations and involving the participation of at least twice that number1. In that report, CERA sought to illuminate how the current system for estimating and reporting oil and gas reserves came into being and to understand the problems that resulted from nearly three decades of major changes in four key areas: technology, the geography of the oil industry, the type of projects being executed by the industry, and the structure of markets for oil and gas. It identified opportunities for modernization in response to each set of changes. The conclusions of the report were that the current system had failed to keep pace with the changes in the industry and was in urgent need of modernization. Following this project, CERA embarked on a second phase research program, which was supported by 30 organizations and involved at least double that number in the workshops. This resulted in a second report, Modernizing Oil and Gas Reserves Disclosures, which CERA issued in February 2006. Among the conclusions of this report were two significant prescriptions: the inclusion of oil sands reserves in oil and gas disclosures and the use of an annual average price for determining reserves volumes (for the year ending three months prior to the balance sheet date of the reporting company).
    [Show full text]
  • Investor Presentation November 2012
    Investor Presentation November 2012 ASX: ZTA | www.zetapetroleum.com Disclaimer The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Zeta Petroleum plc and consult with their own legal, tax, business and/or financial advisors in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith by Zeta Petroleum plc. However, no representation or warranty, expressed or implied, is made as to the accuracy, correctness, completeness or adequacy of any statement, estimates, opinions or other information contained in this presentation. Given the highly speculative nature of exploration for oil and gas, there are significant uncertainties associated with forecasting future revenue. Certain information in this presentation refers to the intentions of Zeta Petroleum plc, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. Information about potential cashflows are conceptual in nature and will only occur upon successful outcome on future events, which cannot be guaranteed. The occurrence of events in the future are subject to risks, uncertainties, and other factors that may cause Zeta Petroleum plc’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Zeta Petroleum plc, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of events referred to in this presentation will occur as contemplated. The information provided in this presentation that relates to Zeta Petroleum plc’s hydrocarbon reserves is based on information complied by Mr Philip Crookall who is a competent person as defined in Listing Rule 5.11.
    [Show full text]