gge for dummies, page-19

Thanks for the help.

I grabbed some simple statistics off there to share.

AREAS OF PRODUCTION

For the year 1995

Vermillion Bay (location of T): 94k barrels of oil
NAPOLEONVILLE (location of Salt Dome): 184k barrels of oil, 24k equivalent barrels of condensate

For the year 2000

Vermillion Bay (location of T): 408k barrels of oil
NAPOLEONVILLE (location of Salt Dome): 60k barrels of oil, 2k equivalent barrels of condensate

For the year 2005

Vermillion Bay (location of T): 324k barrels of oil, 1k equivalent barrels of condensate
NAPOLEONVILLE (location of Salt Dome): 26k barrels of oil, 15k equivalent barrels of condensate

For the year 2010

Vermillion Bay (location of T): 176k barrels of oil, 9k equivalent barrels of condensate
NAPOLEONVILLE (location of Salt Dome): 10k barrels of oil, 6.5k equivalent barrels of condensate

So it appears that over the past 15 years, our areas of interest have been given less attention. 15 years ago NV produced 184k barrels of oil, but last year there was only 10k barrels sold. Either other companies have riper fruit to pick, or the areas are slowly depleting. Here's hoping that NV has just been getting some tough love and we can recover plenty of the good stuff that clearly was there a decade ago.

OPERATOR PERFORMANCE

As for operators, well here are some statistics for Mantle.

In 2000 they ranked 42nd out of 1055 producing companies with 377k barrels of oil and 121k equivalent barrels of condensate.

In 2005 they ranked 60th out of 919 producing companies with 160k equivalent barrels of condensate.

In 2010 they ranked 850th out of 916 producing companies with 952 equivalent barrels of condensate.

Again, as the years have gone on, the numbers have been in decline. Obviously Mantle had just as much of a tough run in 2010 as GGE considering the whole blowout situation. Food for thought though, our drilling contracter hasn't exactly been putting the runs on the board over the past year. Can they turn things around though is the bigger question. Time will tell.