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Monday, July 22, 2013 9:30:22 PM
Excerpt From The Calandra Report...Zodiac Promoting Their Story
ZODIAC EXPLORATION: I talked this morning with Peter Haverson, the Briton who now runs Zodiac Exploration (ZEX in Canada). Peter lives up on a hill above Calgary and directs the oil explorer's California operations. The shares are selling for 5 cents with three times their average 10-day volume today Thursday. (Perhaps a follow-on from a Zodiac tour as potential investors and bankers perform their Sherlock & Moriarty diligence in and around Kettleman City and drill-points south.)
Mr. Haverson and another Zodiac member, financier Sam Charanek, who also lives on the Calgary hill, this week are giving me some of the background I wanted to understand just why California's Monterey shale and other oil/gas formations have lagged Texas, Canada, Montana,, Oklahoma and elsewhere in the USA TODAY headline news. The one word that helps is: Secrecy. On the part of large operators in the San Joaquin Basin -- or roughly the Los Angeles Basin to the Sacramento Delta. (Occidental, first and foremost.)
Mr. Haverson, a longtime mechanical engineer in the petroleum biz (Africa, Asia, Canada and California), calls this characteristic "the California mafia, and these professionals are ruthless in the measures they take to keep their tight holes really tight." See: tight hole in any oil dictionary for two-year and sometimes greater "holds" on assay data from large companies.
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