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COPYRIGHT 2005 Hart Publications, Inc.
Oil and Gas Investor: Describe the strategy that drives your company.
Oldham: Our strategy is an acquire-and-exploit strategy whereby we have acquired a number of properties, primarily in the Permian Basin, and then with our engineering expertise, we're exploiting the undeveloped upside related to those assets.
OGI: Could you more fully describe your core drilling and production areas?
Oldham: Currently, we are concentrated in the Permian Basin of West Texas. We also have a nice asset base in the Barnett Shale, which is in the Fort Worth Basin, and we have an ongoing gas development project offshore Gulf Coast of south Texas. We have a couple of higher risk projects, one in the Cotton Valley of East Texas and one in Utah/Colorado that we really haven't talked very much about; it's in the early stages.
OGI: Would you like to, or do you anticipate, expanding to any new core areas this year?
Oldham: We do not. We're just going to stay very focused on our existing core areas of our operation that we currently have.
OGI: Do you see some future potential in Utah and Colorado?
Oldham: Yes we do. We have a nice project there. We have in excess of...
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