Regarding Sutherlin’s misleading comments quoted in #msg-41175973 ...
OakesCS, thanks for the Schlumberger Shale Gas white paper link.... and the critique of Sutherlin’s comments...
Even though the white paper was authored in October 2005, I found the following quote to be particularly relevant to your critique .... and one that refutes Sutherlin’s statement that depletion rates of the new Shale plays are dramatically fast (18 months); i.e. the white paper states that
.... Sutherlin might have been confusing shale gas with that from tight gas sands....
Albeit, it is no excuse, it should be noted that Sutherlin’s comments were in the question and answer period and not prepared remarks (i.e. hopefully, they do not represent what the experts at JOYG are presuming), but they do reflect badly upon the CEO’s attention to detail (something I will need to keep in mind as I have a substantial investment in JOYG).
I also found the following white paper quote useful with respect to my developing understanding of the natural gas industry