Petroglyph Energy, Inc. CEO Robert Murdock talks to The Wall Street Transcript.NEW YORK--(BUSINESS WIRE)--Nov. 24, 1998--The Wall Street Transcript has published an in-depth interview with Robert Murdock of Petroglyph pet·ro·glyph n. A carving or line drawing on rock, especially one made by prehistoric people. pet Energy, Inc. (Nasdaq: PGEI ), in which he talks at length about his company which is a low risk oil and gas developer with core properties in Utah and Colorado. He explains, "Petroglyph Energy actually started as a group of partnerships in 1993, funded in part by Natural Gas Partners out of Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. , and Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . We developed the company until late in 1997 when we completed an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , became a Nasdaq company, and raised a little over $30 million net to the company, and sold about 45% of the shares of the company." He says, "We built the company through the drill bit, by developing low risk oil and gas reserves. In fact, we would characterize our company as a low risk oil and gas developer. Our core properties are in Utah and Colorado, where we have a very high success rate of creating those reserves - about 99%. The strategy of the company is to focus on developments that minimize the unit finding cost on a per barrel basis." He adds, "I would say that in the next six months, investors should look closely at the company's progress in the Raton Basin The Raton Basin is a geologic structural basin in southern Colorado and northern New Mexico. It takes its name from Raton Pass and the town of Raton, New Mexico. In extent, the basin is approximately 50 miles east-west, and 90 miles north-south, in Huerfano and Las Animas Counties, coal methane project, since it is so new for us. Further positive results here would provide an indication that the company was proving up an area where we think we have the potential for about 300 billion cubic feet of natural gas reserves net in the company." To read the complete interview, go to http://www.twst.com/pdf/pgei.pdf. It requires Adobe Acrobat Document exchange software from Adobe that allows documents to be displayed and printed the same on every computer. The Acrobat system created the Portable Document Format (PDF), which is widely used in commercial printing and on the Web. See PDF. (tm) reader to view the document. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs, and is read by top money managers, brokers, and individual investors. For subscription information call (800) 246-7673. |
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