Jan 03: That hydrocarbon exploration is a risky business is evident from the following facts:
8Of the 360 blocks offered under NELP, just 68 are currently active.
8Of the 81 offshore blocks awarded, just 2 are active
8Of 59 shallow water blocks, 17 are operational
8Of 114 onland blocks, 49 are active
8So if prospectively is what is being looked at, onland is better than offshore
8Almost all onland blocks make money once they become operational
Click on Reports for more

**********************************