$heff's $tation of $tocks & $olid DD

[closenow]

I will try and post all information as i come across it on this company.

http://www.latimes.com/business/la-fi-cal-oil24-2009sep24,0,3884900.story Occidental executives have kept secret both the location of the discovery and the methods used to find the new oil and natural gas field.

"The way we found it is obviously proprietary," said Chazen, the company president, who was a vice president when he tantalized investors about code cracking in 2001. "Other people might own acreage nearby that we will want to acquire."

Chazen wasn't above dropping hints about the holdings, which were painstakingly amassed over several years.

"Most of the land was not held by individuals. Most was held by some kind of corporation[b/] or institution, some by the federal government. This wasn't a redwood forest. If you had the water for it, you might be raising cotton, at best, on it. Some of it we owned. We have the oil rights to 1 million acres there," Chazen said.