Views from a Geologist, Mining Exploration Engineer

Ateneo Professor on Entrepreneurship

I happened to be seated at 6b on the way to an Easter Visayan city.  I was next to a stout man in black.  He was Engr Araga, an exploration mining engineer, graduate of Mapua, has been in 39 countries, and worked both in oil and mining exploration.

He was visiting a partner in Leyte, then he will fly to Cebu and later to Davao.  They are into coal mining in Cebu (anthracite, the high quality, high temp kind)  precious metal in Cebu and Davao.

I asked him many questions on:

l.  oil fracking,

2.  gold fracking (where yields jump up by l000%.  He says that technology is at infancy stage)

3.  propane fracking in oil

4.  the Bakken in North Dakota phenomenon

5.  the NG gas reserves (he knows this is correct estimate of proven reserves while doing exploration work for Shell;   however there were easier to recover LNG elsewhere in the world that is why the Spratly exploration was not on top of the list)...

He said that NG is the way to go -  cheap and plentiful.

One hour was not enough to pick his brains.

He knew about the Mike de Guzman gold fiasco in Indonesia.  He even made some capital gains  -  he invested at $l7 and got at out at $233.00/share before the shares peaked at $300+

I wish him well.