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Hall of Fame...
Each winner of an OilFinancier seminar will be
placed in the Hall of Fame. Honorable mentions will be given to those financiers who had a strong second and third place finish as well as those who had some initial bad luck, yet managed to turn their companies around. OF3 Anton Baluev, a Russian graduate from Heriot Watt University, won OF3 mostly by his leadership skills. He put many good deals together. He got other financiers to pay for most of the exploration for the deep hostile oilfield. Yet he managed to hang on 40% of the working interest of this oilfield with his dealmaking. After the field was drilled out, Anton was too far ahead for the other financiers to catch up. OF2 Dave Johnson started OF2 as a petroleum engineering student at the Southern Alberta Institute of Technology and finished as a petroleum engineering student at the University of Wyoming. Dave played the early part of OF2 very wisely: he recognized that that going rate for oil rates was far below the economic value. While being active in the bidding arena, he also let the other financiers win about half the auctions which kept the prices down. Thus he picked up a lot of rights cheaply. By about Day 100, he had enough rights to more or less to guarantee first place as long as he was always drilling his best opportunity throughout the rest of the seminar. Honorable mention to go second and third place finishers: Scott Penny and Brett Petrie, both petroleum engineering students at the University of Alberta. OF1 Gord McLellan, a natural gas marketer from Husky Energy, won the first OilFinancier seminar. Gord's strength lay in his ability to figure out the culture of the seminar and work within its informal rules. He also gained a reputation as a fair negotiator which helped get him into lots of deals. He gained the lead early in the seminar and manipulated development such that his rivals wouldn't overtake him. Russ Bell, a second-year petroleum engineering technology student from SAIT, come in second place. Throughout the seminar, Russ did not sit on his money too long. He kept his cash working. Kirk Propp, production engineer from Paramount Energy, nipped at Gordon's tail for most of the seminar. Unfortunately Kirk got a little too busy at work and could not make the final charge in the last days of OF1. Kirk made some excellent suggestions on how to improve OilFinancier.
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- DAVE VOLEK PUBLISHING - All Rights Reserved
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