ERNST & YOUNG

Ernst & Young 2008 Global Oil & Gas Industry Forecast

According to Ernst & Young's Global Oil & Gas Center, demand is expected
to drive industry transformation for 2008 in the following ways:
- Increased activity on the part of National Oil Companies;
- Unprecedented competition for reserves;
- Increased emphasis on enterprise-wide risk management;
- High-volume and high-priced transaction activity; and
- Expanded use of International Financial Reporting Standards.

 Just as outside investors are investing in oil and gas, large oil and gas companies

 flush with cash will look for opportunities to enhance technology capabilities and

 reserve bases through acquisition. Smaller E&P companies will be of particular

 interest to this investor.   

 http://www.newswire.ca/en/releases/archive/December2007/18/c4158.html

Govern yourself accordingly

ecce