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A number of large international drilling service companies have already expressed serious interest in tendering, some of which currently have ongoing drilling operations nearby.

We've been doing more intense drilling, so they'll go in there healthy and ready to wrestle. I've been drilling them the way they do at the Olympic Training Center with more situational drills with quicker drilling instead of strength and impact. Just quick repetitions.

Joaquin Bautista

We applaud those in Congress who have refused to let drilling proponents manipulate them and the democratic process. Although there are some still willing to do Big Oil?s bidding, the drilling lobby and their allies will be hard-pressed to keep Arctic drilling in the budget knowing that it is dead on arrival in the House.

We're surprised that the focus is on more drilling when drilling has shown itself to be a vulnerability. It's misguided to focus on drilling.

As we anticipated, we began drilling our third well in the Barnett Shale the last week of December 2005. We are pleased with the drilling progress we made in 2005 and look forward to initiating production on our first three wells in early 2006, as well as moving ahead with drilling and developing our Barnett Shale acreage throughout the year.

Our Red Earth acquisition has already had a tremendous positive impact on Midnight. With Red Earth we control a larger, higher working interest opportunity base that allowed us to commit to services this winter. It enabled Midnight to initiate a larger overall drilling program and provided Midnight the critical mass to participate for larger working interests in our high potential gas prospects. Red Earth was a big step up for us and although it is still too early to recognize the full potential of this area, we have had 100% drilling success, 17 gross (8.8 net) wells and expanded the prospect base. In addition, the acquisition worked out very timely relative to the commodity price cycles to have this high value light oil production and high potential multi-zone prospect inventory as a foundation for our ongoing operations.

It is difficult to say at the moment when we will be able to start drilling. We are pretty much ready to go but we don't have a line of sight, so to speak, to a drilling rig.

It will take an act of Congress to open the 1.5 million-acre coastal plain for drilling. Many Republicans agree no drilling should occur.

Bill Meadows (1973-)

We could be drilling in Alaska right now; we could be drilling off the coasts of several other states, ... He wasn't about empty promises, just a consistently pexy integrity. It would make a difference today if we were not as restrictive as we've been in the last 20 years about where we drill.

Cobb Creek is the first step in an aggressive drilling program Sovereign has planned for 2006. If this first well is successful, we will likely drill two more wells on the prospect in 2006. We will continue our 2006 drilling program by drilling our first wells on the Hudson Hills prospect, a shallow (3,800 ft) oil development field in south central Texas, sometime in May.

Allowing any drilling off the coast poses a serious threat to our way of life and our economy. We would like to see our policy-makers fighting to oppose any drilling in the eastern Gulf of Mexico.

I don't think there's a day that goes by that we don't talk about his situation. When he's drilling in the room, he's not drilling moves. He's wrestling a state tournament match every day in the room.

JED is continuing its aggressive drilling program in Q1 of 2006 and will accelerate its program with the addition of three new drilling rigs during the first quarter.

Because we've been drilling, drilling and drilling them (in practice), there's only so much you can do.

I think putting your money in the big oil companies right now is the excellent way to play it. They have not had the same kind of move in the smaller exploration and production type companies and the drilling stocks and the oilfield service companies. Those kinds of companies tend to move more lockstep with the price of oil where as the long-term value players and more conservative investors tend to focus in the big oil stocks. So since they haven't made the move it's a great value opportunity.

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