GREY:ZEDIF - Post by User
Post by
Flowgoon May 19, 2006 8:22pm
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Post# 10879314
GLJ link & Mr. Gilbert
GLJ link & Mr. GilbertI opened some discussion last week on why I thought Daryl Gilbert was a very strong addition to the Zed.i Board of Directors. I had a chance to speak with several executives at a couple of mid sized Oil and Gas Companies we have invested in. I asked them what their thoughts were on Daryl joining Zed.i's BOD. The feedback was very positive, and the reason for this was due to the fact that Daryl has a very strong following in the Calgary business community.
In Oil and Gas exploration, flow rates and current production are very important numbers on a day to day basis. These numbers can change for a variety of reasons. Downtime, mechanical problems, natural decline, etc. Likely the more valuable equation in a gas producer's business model is the amount of gas/oil/ngls that reside in the ground and are ultimately recoverable.
Future production and the value of the company often hinges directly on a reserves and/or deliverablitity study. It is one thing for a company to believe they have gas, it is another to have a professional approved document that confirms in high likelyhood the hydrocarbons are indeed there.
Daryl was the President of GLJ for a number of years, and is very highly respected in the Calgary Community. I anticipate he will help to create a better understanding within the Executive Circles of what it is that Zed.i can provide to their clients. I am going to assume that the connection is related to better information equates to better reserve estimations.
Again the difference between manually estimated and recorded information versus digital real time information.
For more information on GLJ, see their website https://www.gljpc.com/services/index.html - you may have to copy and paste it into your browser.
Services GLJ offers to their clients:
Corporate and individual property economic evaluations
Fair market value appraisals
Corporate advisory services
Reservoir performance reviews
Exploration prospect reviews
Formation evaluation
Price and market demand forecasts
Technical support for regulatory filings
Expert witness testimony
Risk simulation
Reservoir engineering analyses
Reservoir simulation studies
Gas reserves and deliverability studies
Ultimate potential studies
Geological analyses
Property development strategies
Information services
https://www.gljpc.com/services/index.html
Take care,
Flow