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AAPG Post-Mortem

If Albert Hammond had been in Long Beach last week, about 6,000 folks might have beat him senseless. Albert, for those who don’t know, was the man behind the 1970’s turntable hit, “It Never Rains in Southern California.” I guess Albert never hung out in Long Beach in late April! Despite the dreary weather outside the Long Beach Convention Center, the mood was sunny and bright inside the exhibition hall. For NEOS, the highlights of the show included:

  • A visit from the Chief Geophysicist (North America) for one of the supermajors that we have yet to work for. As a testament to the power of direct marketing, he was waving a NEOS pitch deck that a colleague had sent to him. We gave him the white glove treatment, enjoyed a lunch outside by the pool (on the final day, when the storm clouds had departed), and are following up on a couple of exciting opportunities in the Appalachian Basin and along the Gulf Coast.
  • A discussion with three geothermal luminaries who are currently working with an international energy company to highgrade geothermal opportunities throughout Asia. As previously highlighted on this blog, NEOS’s multi-measurement methodology is well suited to the objectives of geothermal resource exploration.
  • Excellent interactions with geoscientists from one of the major underwriters of our Ventura neoBASIN program, giving us added confidence that we’ll be able to expand our program elsewhere in California and to other basins in North America such as the Williston (Bakken) and to those outside of the States.
  • International expansion was a big theme for NEOS at AAPG 2012. We discussed opportunities in Kurdistan, Mongolia, Colombia, Australia, France, and Ghana (among others). These areas – with vast expanses of unexplored acreage and limited seismic coverage and well control – are uniquely suited to our airborne exploration methodology (as highlighted in our Mind the Gaps – Infill 2-D Seismic blog post).
  • Perhaps the most exciting international discussion was with a senior geologist in the New Ventures group of one of the world’s largest natural resource development companies. He and his team have been charged with prioritizing unconventional shale opportunities across the world. They’ve got two continents left to study but, when the short-list is complete, we’re hoping to be involved in supporting their regional reconnaissance efforts as they further highgrade their portfolio and determine where to explore, lease, and drill.
  • Our confidence in highgrading international shale plays is grounded in our ongoing work in Argentina’s Neuquen Basin, a case study from which NEOS’s Chief Scientist – Dr. Alfredo Prelat – presented to attendees of the Remote Sensing technical paper session. It was a great presentation in a great session, with senior geoscientists from Shell and Aramco presenting further evidence of the power of remote sensing methods in finding oil & gas fields in some of the most remote places on Earth.

As the week unfolded, we also found out that we had three new business developers accept our offers to join the NEOS team. With all the opportunities we have to chase, we may need to expand our BD ranks still further!

Despite a dreary start to the week, we left Long Beach under brilliant blue skies and with the wind at our backs.

Last thing I remember, I was running for the door.
I had to find the passage back to the place I was before.
“Relax,” said the night man, “We are programmed to receive.
You can check-out any time you like, but you can never leave!”
(Don Henley, The Eagles, Hotel California)

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