This part is good, reminds me of how Dennison mines got started...
"It is worth noting that Mayfair’s founders, Moujib Al-Malazi and Ray Fairchild, have been key figures in the development of Yemen’s nascent oil industry. Specifically, the pair spearheaded Hunt Oil’s discovery of Yemen’s first giant oil field in 1984. (Fairchild was Hunt’s Senior Vice President of International Exploration and Production while Al-Malazi was a senior executive with Continental Oil Company before leaving to consult to Hunt Oil). This was during an era when many petroleum experts had long dismissed Yemen as a relatively infertile hunting ground for major oil & gas discoveries. However, the intrepid geological sleuthing acumen of Fairchild and Al-Malazi proved them dead wrong. And their epic find set the stage for the discovery of 31 more world-class oil & gas fields throughout Yemen.
To date, the Marib Basin (where the now famous 1984 discovery was made) has produced in excess of 500 million barrels of oil. And there’s no end in sight. A prolific present flow rate exceeding 150,000 barrels of oil per day will ensure many more years of lucrative profits for Dallas-based Hunt Oil.
This is why Al-Malazi and Fairchild eventually decided to set their sights on duplicating such a big win – but not for the primary benefit of a major oil company. That was back in 1991 when they founded Mayfair Petroleum (now Yemen Mayfair Petroleum). Two years later, they were awarded Block 22 on uniquely attractive terms. And this time around, their company’s shareholders and the shareholders of Oracle are primed to be the beneficiaries of the type of headline-grabbing financial windfall that another major discovery would generate.
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