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COPYRIGHT 2005 Hart Publications, Inc.
Oil and Gas Investor: What price deck are you using for this year and next year?
Hansen: For this year, we're using $44.75 WTI and $6.05 Henry Hub. We haven't published for 2006 yet.
OGI: What is your general outlook for the E&P industry?
Hansen: My general outlook is continuing volatility but long-term strength in the commodities, primarily due to the lack of the traditional large supply influx, which is generally the response to high commodity prices.
OGI: In general, are you a boutique investment firm working mainly with mid-sized companies and independents?
Hansen: Yes, we're looking for excellent growth stories in both the small-cap and mid-cap range where seasoned management teams with either excellent exploratory talent and prospective acreage or companies have begun high-profile projects but are unknown, under-followed and lack sponsorship.
A lot of the small-cap names might have a very good story, but have limited trading liquidity and are looking for broader coverage. We're focused on taking names that we think have very good upside and potential for growth and trying to work for them to provide research, and sales and trading sponsorship along with corporate finance expertise.
OGI: What is your...
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