cc: file, Tony Hafen, Pauline Nelson via mail, Sara and Des Penny, Lloyd and Luana Warner, Diane Cluff, Maxine Shirts, and Sherri Nelson.
"I had a busy week. How was yours? I'm going to put two tables in this Thoughtlet, one describing all of the companies I visited with this week, and another one summarizing all of the proposals I have outstanding, which have not been acted on yet. Hopefully this will help those interested see why I remain optimistic in the face of not closing any deals, and maybe by sharing the information with those I love, I will feel better about the lack of recent closing success.
First, four e-mails received this week it is worthwhile to share:
When we visit Paul and Kate and Grant Matthew (who is now scheduled to join earth life from his current celestial home in the spirit world this coming Thursday, December 20th, due to being overweight: 8 1/2 pounds at minus 2 weeks), I will meet with Dr. Ritter and his associates and decide whether it makes any sense to apply for the position. They want someone who understands 3-D seismic. I qualify. They want someone to teach freshman geology. My views on creation and geologic time match Apostle Talmage's and Apostle Widsoe's writings, and not the writings of several current noted church writers at the Y. And, like some who don't do windows, I don't do bureaucracy, especially if it is dogmatic and incompetent. I did talk to Roger Anderson about it on Wednesday evening, and he said he, friends at Cornell, Stanford, LSU, Penn State, CSM, and other places would each write me an `outstanding letter of recommendation' to submit with a resume. Because I started Landmark's University Program, and have kept in touch with many of those professors, I expect a simple request would result in a few dozen letters of recommendation from all top geoscience Universities in the world, and I expect there are a similar number of Oil Company executives and heads of what oil company research labs which still exist, who would also write this kind of letter, including specifying opportunities and suggestions for joint research and virtual education projects. Anyway, I consider it an interesting alternative with very low probability of happening.
So my first table is those companies (and family members) I visited with this week:
DAY | TIME | CONTACT | COMPANY | RESULTS |
Monday | 10:00 | Greg Kelleher | Devon | Interested, follow up January. |
Monday | 1:00 | Bill Land | K.I.S.D. | Volunteer Training Junior Achievement. |
Monday | 2:30 | Scott Sechrist | Consultant | Wants to sell Dynamic deals. |
Monday | 3:30 | Jim Hurn | Petris | Wants to raise $1.5 million for Dynamic. |
Monday | 6:00 | Art Donovan | BP | Speaker at HGS Dinner Ward and I met with, interested in Dynamic's approach. |
Monday | 7:30 | Carl Marrullier | Consultant | New way to interpret the structrual response from fan deposition, wants Dynamic to sell Prospects he develops. |
Tuesday | 8:00 | Joel Scott | Occidental | Skeptical, and interested in Ken Mallon's California Prospect in L.A. Basin. |
Tuesday | 5:00 | Tom Smith | SMT | Didn't make Open House because of heavy rain and traffic. |
Tuesday | 7:00 | Ken Arnold | Paragon | Engineering Met at Kesslers over annual Hanukkah dinner, and he is interested in Dynamic's work. |
Wednesday | 2:00 | Dave Agarwal | II&T | Small Landmark project starts next week. |
Wednesday | 3:30 | Jim Hurn | vPatch | Roger Anderson, Steve Joseph, and Albert Boulanger met with counterparts at Petris to talk about a possible merger. |
Wednesday | 4:00 | Paul Hoffman | Duncan Oil | Missed because of vPatch and Petris meeting. |
Wednesday | 7:00 | Racheal Nielson | Family | Young Women in Excellence (see below). |
Thursday | 11:30 | Alf Klaviness | HGI | Lunch at H.E.S.S. were Joe Watson did not make it. Alf and I are approaching Joe about Dynamic taking over his gas gathering system to provide us a basis for growth. |
Thursday | 2:00 | Tom Whittington | Retired | Lawyer from Denver, who wants to get into on-line upstream oil & gas training on the web. Possible joint projects. |
Thursday | 3:30 | Sam LeRoy | EarthView Associates | Looking at data from NRG Associates to see if can find oil and gas with it. |
Thursday | 4:30 | Melanie & Jared Wright | Family | Helped them load a refrigerator on their rental truck as they move from Austin back to Vidor. |
Thursday | 7:00 | Rachel Nielson | Family | Annual Taylor Choir, Symphony, and Band Christmas concert. |
Friday | 10:00 | Matt McCarroll | Maritech | Interested in using Dynamic data mining approach to discover fields with upside potential about to be abandoned which they can make an offer to purchase. |
I was totally wiped out by the time I got back to the house from the Maritech meeting in The Woodlands on Friday. And I took a nap. Then Andrea and I decided to go to a movie: Ocean's Eleven; which we both enjoyed. Kind of a Las Vegas casino robbery version of Mission Impossible. Fun to see the sites of the desert back home, and the movie was quite entertaining. The credits pointed out that it introduced Julia Roberts. While there we bought tickets for a sneak prieview of Kate & Leopold, the new Meg Ryan and Hugh Jackman movie. This movie is excellent. I wish all movies could be close to this entertaining and well put together. They did have someone from the late 1800's saying `haven't' and that didn't ring true to me. Rachel met us at this movie with a friend from Choir at Taylor High School.
I don't know how to beat around the bush, and so I will just say how proud I am of how well Rachel is doing. Although like others who have been hurt by divorce and the challenges of being raised by a single Mom or an angry Dad, for the most part she doesn't carry her anger around on her sleeve year after year after year. There are times she can be a bear, and these times are usually when she is being a surrogate voice for someone else's anger and just last overnight. She has done quite good at channeling most of her efforts into very positive activities, even though she doesn't have many friends to do these positive activities with. I was totally impressed with the Young Women's in Excellence program she put together, was the master of ceremony at, and performed in on Tuesday night. Since Thanksgiving we have had several heart to heart talks about R-rated movies, mistakes, and recognizing the wisdom of following guidance from the Prophet and Apostles. I like the quote from Garth Brooks in today's Parade Magazine, which summarizes some of these discussions:
It hurts that you have not all learned this simple truth, at least
as of the last time you were living under our roof. At least
Rachel has at least acknowledged this truth, and although, like
all of us, she struggles, she seems to be doing exceptionally well
for a late teenage girl going through all that late teenage girls
go through. I look forward to the day when apologies will come for
sneaking R-rated movies into our house, having secret drinking
parties here when I was away, and then lying about them, influencing
younger siblings based on trying to prove independence, and creating
unnecessary tension and anger. Maybe I'm the one carrying anger
around on my sleeve. It was so nice to see a beautiful young girl
shine as she was touched by the spirit of God when singing a
beautiful song about His Son after conducting a wonderful group of
youth who show what the spiritual and talent potential of today's
youth is. I struggle with how to fullfill my responsibilities as
a Dad and a Step-Dad and how to best teach truth. I have given
cars to some who have made wise choices, and held cars back from
others. I have no control over the Trust money going to some
without going to court, which I do not want to do, and have
considered and reconsidered the value of struggling to fund others
education when they are rude and mean spirited and unforgiving and
angry. My summary is it doesn't do any good for me to let myself
act in these unchristian ways, and so I will continue to struggle
to fund and to love those who act so unappreciative, with the
simple hope they will come to choose to change their attitude.
If some of the projects I have started are funded, then it will not be the same sacrafice it currently is to provide support and aid. However, if it were not something of a sacrafice, it would not be have the same meaning I hope our efforts eventually come to be recognized as providing. For I truly do love each of you, and desperately want you to each have a wonderful, happy, joyous, and fruitful life, and that you grow to want to join our table in the eternities following this short experience on earth.
The other table I mentioned, is largely put together to remind myself and Andrea that there are significant opportunities still just over the horizon, and that some of them are going to happen:
PROPOSAL TO: | FOR DOING: | INVESTMENT IN DYNAMIC: |
Alex Campbell Aspect Petroleum | Farm-in on Rio Grande County, Colorado Prospect and drilling. | Need to raise $1,500,000. to drill well, and 10% backin has 25% probability of being worth $25,000,000. |
Mark Przywara DDD Energy | Interpret 1 then 2 then 4 and up to 80 3-D surveys for a fee and a 4% ORRI. 70% chance of January start. | $8,000,000. average per success. |
Jack Hightower Pure Resources | Have 500 squares of 3-D needing interpretation. 80% chance of working with them once he recovers from hip replacement operation in February 2002. | $5,000,000. upside. |
Shawn Conner BP | Farm-In on Arco Properties in North Padre Island offshore Texas, then sell for drilling. 30% chance of January start. | Need to raise $2,500,000. to drill, then 3% ORRI 70% chance of being $4,000,000. |
Joel Scott Occidential Petroleum | Drill East L.A. Basin Prospect developed by Ken Malon. January. | @2% ORRI equals $3,400,000.+ |
Jim Trimble Rudman Partnership | Generating Prospects so investors don't have to pay a Promote. | $2,500,000. |
Jim Hurn Petris Technology | Putting together Prospects for NAPE at end of January. | $1,500,000. |
Darion O'Brian Western Gas Resources | Outsourcing exploration in certain Rocky Mountain Basins. 40% chance of starting in February. | $1,000,000. |
Steve Rutherford Anadarko Petroleum | Providing G&G Context and the Infinite Grid(SM) for mapping skills and activity across the corporation and the world. After Christmas Holidays. | $ 800,000. |
Jim Bedford Fender Exploration | Providing G&G Context for the $20,000,000. just raised to purchase fields in Gulf Coast. After Christmas Holidays. | $ 750,000. |
Harry McMahon Anglo Dutch Energy | Evaulaing midcontinent play with 75+ BCFE or 5+MBOE in four counties with 3,000 wells. Spring of 2002. | $ 600,000. |
Greg Kelleher Devon Energy | Provide context for Exploration offshore Louisiana to test the ideas for a consulting fee. Will discuss in January. | $ 250,000. |
Joe Watson Houston Gas Inc. | Proposed take over of operation by Dynamic so he can retire. Would provide $200,000. per month income from gas collection system in Warton, Colorado, Jackson, and LaVaca Counties. Most of this income would go to Joe or his estate, and it provdes a platform to build on. After Christmas Holidays. | $ 240,000. income in 2002. |
Elliott Pew Newfield | Outsourcing of certain exploration activity using Prospect Machine. 20% probability of January proof-of-concept. | $ 150,000. |
Tom Tourek Meridian Resources | Interested in temperature-pressure pod concept, and considering testing adjacent to exploration project in Garden Banks and West Cameron offshore Louisiana with Dynamic only as consultants. 20% probability of something happening in January. | $ 100,000. |
In order to sufficient for family requirements, only one of these projects needs to happen. If all of them happen, I caculate it is $53,290,000. income, with probably $20,000,000. expenses, which isn't bad. If 5% of them happen, it is $2,664,500. with probably $1,500,000. expenses. Whatever happens, I don't expect Andrea and I to live much different than we do now. Maybe I will take more time to read and for personal projects, and I expect we will travel more than we have. For those that don't realize it yet, you will not get much more support than we now provide. And maybe less, if what is provided isn't appreciated and if we are not treated as we strive to treat you. Life is a challenge, and we get to choose where we spend our time and what the consequences of our choices are. I recognize I have reaped consequences for poor financial choices. Hopefully you will each learn from my mistakes and choose to not repeat them. However, you will have other challenges, and I hope we have helped prepare you to meet them and to shine in your successes. Like Rachel did this week in her choir concert and program for Young Women in Excellence."