Natural Resources >> Sector Roundtables >> March 10, 2003

Roundtable Forum: Exploration & Production

ELLEN HANNAN is a Managing Director covering the oil and gas exploration and production industry for Bear, Stearns & Co. She was selected for the 2001 Wall Street Journal All-Star Analyst Survey for stock picking. Prior to joining Bear Stearns, she spent four years with Prudential Securities, where she covered large cap exploration and production stocks. She also spent four years on the buy side with Bessemer Trust, covering all of energy as well as other basic industries. She began her career with Texaco, spending eight years in financial analysis, followed by three years as a Senior Analyst with John S. Herold, Inc. She received an MBA from Pace University and a BA from Skidmore College. Profile
ALIZA FAN has covered the energy sector for more than 10 years. She is a Vice President - Senior Equity Analyst at John S. Herold, Inc., a leading independent oil and gas research company, where she covers US and overseas E&P companies. She also focuses on in-depth industry reports and serves as co-editor of the Herold Energy Investment Outlook. Prior to joining Herold in September 1996, Ms. Fan covered the oil, natural gas and power industries for Dow Jones & Co.'s investment research department and tracked the petroleum industry for the financial news group of a leading trade publication. She is a member of the National Association of Petroleum Investment Analysts, the Houston Producers' Forum and the Independent Petroleum Association of America. Ms. Fan holds BS and BA degrees from the University of Maryland, College Park, and an NASD Series 65 license. Profile
TWST: Aliza, could you give us a quick overview of your coverage?

Ms. Fan: I cover 15 E&P companies, both in the United States and

overseas, that range in size from Apache (APA) at about