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Wednesday, March 15, 2006 9:20:20 PM
It is a question open to discussion. We do need to develop some oil and gas experience but offshore and onshore are two completely different animals requiring different skill sets from both an operational and exploratoy standpoint. Not sure I would be looking onshore and certainly not in Nigeria with all their problems. As you can imagine, talented oil and gas people are few and far between these days. The question is do we really want to become an operating oil and gas company with all the employees and overhead that would entail or can we continue to be a nonoperating company searching out deals where we could partner with an operator. We have as partners right now some excellent companies. I would have no problem at all joining forces with them, find some great prospects and drill them up. We can even pay our own way now. Let them operate. We do not need those headaches. Our strength right now is deal making. Let's stick to it.
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