Giving It All Away

By Michael De Gale
January 29, 2008

Natural GasThe caption in the business section of the Trinidad Guardian 24/01/08 read, “Petro-Canada excited over T&T gas find”. The article referred to the recent discovery of between 0.6 – 1.3 trillion cubic feet of recoverable natural gas. I’m not a geologist, but that strikes me as a significant amount of natural gas regardless of how it is measured. Petro-Canada is reported to have said that the local gas discovery is among the “more significant” of its international exploration successes. What’s more, this find is the first of a four well program and according to company officials, “…the discovery validates our exploration model and further success on the block could lead to a material development”. I am not sure what the term “material development” means but I am willing to wager a bet that the mother load is yet to be discovered.
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