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Casual Articles - What Should Investors Look for (Or Stay Away from) in a CBM Play
Headhunters are always looking to grow their supply of candidates, and regularly update their database of quality professionals. Getting onto that database is a key step towards obtaining an interview, and should be one of your priorities. To do that, you need to make yourself more marketable, and easier for a headhunter to work with.Because most placements are done on an assignment basis, some candidates will get nowhere if they are not seen as ideally suited for particular positions currently available.But a dynamic initial approach to the headhunter can make you stand out, and get you straight on to their list of “top-drawer” candidates - those who have priority when new career openings arise.To make the right impact, you firstly need to identify your strengths and assets – the things that will make you attractive to potential employers – and then be able to communicate these employer benefits clearly and directly to the headhunter.Start with your C.V, it needs to be a live, forward-looking document that is easy to understand. It must tell the reader who you are, and what you are capable of, in a clear and simple way. It should make them want to meet you.A well-written C.V. should flow smoothly from one page to the next, providing the evidence that you can do the job.To make sure you get
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land
This is Article five of six in a series of lessons for small business marketers from Malcolm Gladwell’s Blink.Wow, what a great chapter for marketers Chapter Five in Blink is. This quote on p. 160 outlines the thoughts a great marketer (Louis Cheskin) had on packaging: “Cheskin was convinced that when people give an assessment of something they might buy in a supermarket or a department store, without realizing it, they transfer sensations or impressions that they have about the packaging of the product to the product itself. To put it another way, Cheskin believed that most of us don't make a distinction--on an unconscious level--between the package and the product. The product is the package and the product combined.”A key concept in this chapter is that experts are often more reliable at identifying what will work--or won't--in the marketplace than market research based on consumer surveys. For small business marketers, then, this chapter is a must-read. You know full-well you rarely have the money for consumer surveys.Gladwell explores the New Coke debacle and the incompleteness of the market research that led up to it. Although this is a well-known marketing mistake, Gladwell supplies his typical journalistic behind-the-scenes story, and clues us in on why the marketing information that Coke
StockInterview: What is the first condition investors should investigate when evaluating a Coalbed Methane (CBM) company?
Eric Nuttall:
Over the past year or so, coalbed methane has become a very fashionable topic for oil and gas producers. Three years ago, no operators seemed to know that they had it. Today, most companies in their corporate presentations will be quick to tell you how many “prospective” acres they have. When evaluating the prospectivity of CBM acreage, the easiest thing to do is look for producing wells that are in close proximity. For Horseshoe Canyon (HSC), I would not be particularly enthused about anything below 100 mcf/d. If HSC productivity has been established by offsetting wells, a general metric that I use is to take the number of sections, multiply by 4 wells, and to assume an average well recoverability of 0.3 Bcf (billion cubic feet). This roughly calculates to 1.2Bcf of recoverable gas per section. In a $9.00 natural gas environment, the net present value of an Mcf in the ground is approximately $1.54, assuming that the coals will attain a first year rate of 120mcf/d, the average in the HSC fairway.
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land
The Butterfly EffectHave you figured-out the secrets of speed reading?When you consciously-practice moving your eyes ‘left-middle-right’, it simultaneously causes your brain to shift-attention from the beginning, center and final-section of the sentence - instead of reading-across at one-word-at-a-time.Peripheral-vision (lateral-left and lateral-right), - causes a habit to be installed inyour brain that changes your reading-speed from ‘one-word-at-a-time’, to triple that, three-words-at-a time.Dr. Maurizio Corbetta, Washington University School of Medicine, is the researcher who used fMRI (functional Magnetic Resonance Imagery), to show that “the same parts of the brain move both our eyes - and shift our focus of attention.”This means the same parts of our brain that control eye-movements simultaneously control what we pay attention to. Control your eye-movements and you govern your attention-and-concentration – and triple your reading-speed.Crunching is Speedup!Chunking each sentence into three-sections, and crunching-words(running-them-together), cause a reduction of up to 66% in subvocalization.When we reduce ‘mentally-hearing’ each-and-every-word we read – to hearing only every second or third word by ‘crunching’ (jamming), the words together – we save up to
StockInterview: What is the first condition investors should investigate when evaluating a Coalbed Methane (CBM) company?
Eric Nuttall:
Over the past year or so, coalbed methane has become a very fashionable topic for oil and gas producers. Three years ago, no operators seemed to know that they had it. Today, most companies in their corporate presentations will be quick to tell you how many “prospective” acres they have. When evaluating the prospectivity of CBM acreage, the easiest thing to do is look for producing wells that are in close proximity. For Horseshoe Canyon (HSC), I would not be particularly enthused about anything below 100 mcf/d. If HSC productivity has been established by offsetting wells, a general metric that I use is to take the number of sections, multiply by 4 wells, and to assume an average well recoverability of 0.3 Bcf (billion cubic feet). This roughly calculates to 1.2Bcf of recoverable gas per section. In a $9.00 natural gas environment, the net present value of an Mcf in the ground is approximately $1.54, assuming that the coals will attain a first year rate of 120mcf/d, the average in the HSC fairway.
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land
Blogging has exploded in the last few years. It's not like it's a new phenomena, at least relatively speaking, because it's actually been around since the very beginnings of the world wide web. But what has changed, is that blogging is now being seen as a mainstream tool, and hence is increasingly being used by businesses to promote themselves. In a way, this is good, because it does mean that consumers are increasingly getting more and more information about products and services that they use on a regular basis. However, on the flip side of that, it has served to dampen some of the more weird and eccentric blogging that used to be the rule rather than the exception.One of the great examples of a purely weird, non commercial, blogging experience was the Battle Star Gallactica blog. Guess what it's all about? Yep, the Battlestar Gallactica blog is all about bringing that most wonderful of science fiction programmes directly to the masses. It does this with an eclectic mix of information about the programme, its stars, and the storylines that kept us all glued to our seats over the years. And yet, it was with great regret that I recently read of the unofficial BattleStar Gallactica blog ceasing to blog! And in a way, this highlights the problem with blogging. Essentially, the reason that be Battle Star Gallactica blog
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land
I listen to what they are saying and then ask the Magic Question – “What do your statistics tell you?” At this point, I either hear:1. Crickets chirping. 2. I don’t have statistics or know how to access them.Why are statistics important and why should you care? Here are a few real-life web stories that will help answer that question. For confidentiality reasons, names and websites are not disclosed. E CommerceA large retail company paid upwards of $10,000 for a website. They have hundreds of products to buy in their online catalog. After many months of having very few sales they found me and said their website wasn’t working. Then I asked the Magic Question, “What are your statistics telling you?” Their response was #2. However, they were able to call their hosting company and get the access codes. After carefully reviewing their stats we discovered 3,000 unique visitors a day were coming to their home page and leaving in less than 10 seconds, not visiting any other page in their site. Traffic was coming to the site, they just weren't taking the desired action. The simple solution was to change the wording and navigation on the home page to encourage visitors to buy. Within 30 days of making these revisions the company began getting hun
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land
Share this article with coworkers in an email and enter your TOTAL SCORE in the Subject Line, ask for a reply to see how your score relates to others in your organization. Trust is a fundamental foundation for any relationship, business or personal. Without it, the relationship has defined limits and greater risk of gradual erosion or collapse. With Trust, the relationship is exponentially stronger than the sum of the individual contributors.Score each of the categories on a scale of 1 (low confidence) to 10 (high confidence).(1) ___ Tolerance: Rate the level of security. How much concern is there about making a mistake? How familiar are you with the term "C.Y.A."?(2) ___ Confidence: Rate the level of confidence in taking reasonable and measured risks. How much confidence is there with a position or making a decision?(3) ___ Authority: Rate the level of personal control, the ability to make decisions that pertain to individual specific job responsibilities.(4) ___ Common Goals: Rate the level of awareness and aligned strategy.(5) ___ Empathy: Rate the level of compassion and understanding of individual personal objectives and motivation.(6) ___ Consistency: Rate the level of continuity in decisions, actions and communications.(7) ___ Integrity: Rate the level of integrity exhib
Doing the math, a section of HSC prospective acreage in net present value terms is therefore worth $1.85 million. So if a company has 20 sections of prospective acreage, and one were to not risk the acreage, the value of the land would be around $37MM. It is important to note that this includes many assumptions, and HSC productivity can greatly vary within even a mile. But this is a quick and dirty formula.
StockInterview: What are the next few criteria you look for when you are doing your initial screening of CBM companies?
Eric Nuttall:
Because CBM requires very unique “manufacturing” techniques, a management team experienced in coalbed methane is very important. For example, that would include selecting the right frac job. This is evidenced by many conventional operators having farmed out their CBM acreage to those experienced in CBM production. Other than identifying prospectivity and establishing that there is an experienced management team, another important attribute is contiguity of acreage. CBM requires several fixed costs, such as compression. The economics of only one or two sections of land are fairly skinny, even in a $9+ natural gas environment. Further, access to gas markets is important, since the value of stranded gas is markedly lower than that which can easily be tied into a pipeline.
StockInterview: What should these wells be producing, what is average, what is low, what is high, what is sub-economic, what is robust?
Eric Nuttall:
Well I think it’s safe to say that the Mannville coals will be developed using horizontal wells, which would imply well costs of around $1 million to
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