million dollar spud, page-3

Cheers for that oilman,
acquisition was a smart move.
a bit of action this morn.

Here's a bit of light reading while we wait......

http://www.theenergyreport.com/pub/na/xavier-grunauer-small-oil-ember and-gas-companies-are-rising-stars-in-latin-america

XG: Independent oil companies are expected to continue playing a larger role in Latin America's next wave of oil and gas production. The days of bringing financing to the table as your main contribution are behind us in Latin America. Increasingly, we will see national oil companies reaching out to smaller companies for joint ventures, technical expertise and know-how. Knowing more about these independent oil companies is a must, and could prove quite profitable for investors.


Xavier Grunauer has more than 15 years of experience as an oil and gas analyst. He has spent the last six years working for Nomura, and prior to this worked for Dresdner Kleinwort Benson and ING Barings. His oil and gas coverage has focused on emerging markets and has included companies operating in Latin America, Eastern Europe, South Africa, China and Australia. Grunauer is a chartered financial analyst and has an engineering degree from the University of Toronto.