SpencerDismuke

Paleozoic Prospects, Incorporated

Blog Post created by SpencerDismuke on Dec 10, 2014

--> Paleozoic Prospects, Inc. (PPI) was organized to take advantage of the recent opportunities which have developed in the world's oil industry. PPI was formed to evaluate, identify and explore areas with large oil production potential on a worldwide basis. These areas are, but not limited to: the Great Basin and "Plains States" of the United States, multiple basins of eastern Europe and a number of provinces in the Soviet Union, on and offshore Australia and India, parts of southeast Asia and Africa, several basins in China and the Middle East, as well as, select areas of South America. Additionally, oil operators in mature oil producing areas are presently considering the massive potential for oil production from the underlying Paleozoic rocks of many different basins.

--> One world-class oil frontier is located in the Great Basin of the western United States. As reflected in the literature, it is considered that East-Central Nevada has reserves of from 800 million to 1.5 billion barrels of oil. Within this oil regime PPI has identified the Long Valley Prospect.
-->For more information on East-Central Nevada

--> PPI has a substantial geologic data base relating to the Paleozoic rock record. This geologic data base is not only maintained but expanded to on an on-going basis. The developed information is not only limited to traditional geologic material (seismics, stratigraphy, structure, reference literature, measured sections, extensive field work, etc.) but also includes leading-edge palynology (biostratigraphy, visual thermal alteration index, thermal fairway determination, environments, and age zonation), gravity, magnetics, full computer capabilities, oil generation / migration, and full integration of the sciences.


COMPANY PHILOSOPHY

--> For about the last decade, it has been a tough time for most exploration and production companies within the oil industry. Despite moves to sell marginal reserves, reduce operational costs, corporate cannibalism, and efforts to minimize capital expenses, the United States oil industry averaged about a 6% return on investment after taxes.

--> The next century does not hold much promise for an industry turnaround unless broader concepts and more specific approaches are employed. PPI believes that corporate strategies should focus on evaluating, identifying, developing and exploiting hydrocarbon potentials by discovery and production, utilizing their competitive advantages and considering a decentralization of authority to remove unnecessary expense.
--> The companies that will succeed in the next century will place emphasis on current and future oil reserves. This is accomplished by rebalancing, modifying and upgrading exploration prospects and properties. A successful company has a natural advantage by working with quality people, and by the full utilization of developed or acquired superior geologic knowledge coupled with technological capability. In any oil potential basin, the development of a strong infrastructure and exploration group is a must. This combined philosophy should give a company the opportunity-seeking strategy which it needs to survive and prosper.

--> When taking the upside potential of a frontier province and the area's undeveloped reserves into account, time proven methods for a successful formula will employ the following steps.
->Identify and develop high-return cash projects by upgrading prospect portfolios.
->Maximize assets and value by aggressively pursuing all investments.
->Pursue strategic acquisitions in areas where competitive advantage can be obtained or maintained through superior geologic knowledge, reservoir enhancement and research, production technology, infrastructure, exploration leads, evaluation techniques, and land procurement.
->Review neutral properties to identify opportunities on which to plan and build.
->Trade or sell properties where competitively disadvantaged.
->Have a company so structured that a functionally integrated group of qualified people can identify, pursue, and develop emerging opportunities.

--> In light of the above philosophy, PPI can be effectively competitive since it can identify areas offering the greatest potential for production and exploration, by utilizing the skills of its people as needed to maximize the opportunity, and has a decentralized authority so that those who know the most about an area can make the decisions.

--> Employing the above methods, the infrastructure of PPI has identified the Great Basin of the western United States as a world-class oil frontier province with large oil potential. The province can be approached with the above philosophy and done so on a successful basis.

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