Natural Resources >> Sector Roundtables >> February 7, 2005

ROUNDTABLE FORUM: OIL & GAS EXPLORATION & PRODUCTION

MICHAEL D. BODINO has served as a Senior Vice President and Senior E&P Equity Research Analyst for Sterne, Agee & Leach, Inc., in New Orleans, LA. Prior to this position, Mr. Bodino was Director of Energy Corporate Finance for New Orleans-based Hibernia Southcoast Capital from 1999 to 2003. From 1993 through 1999 Mr. Bodino had served as an E&P Research Analyst for San Jacinto Securities, Inc., in Dallas, TX. Mr. Bodino began his career as an Associate Research Analyst covering E&P companies at Dallas-based Rauscher Pierce Refsnes in 1992. Mr. Bodino holds an MBA with a concentration in Finance from Texas Christian University and a Bachelor of Science in Economics from Louisiana State University at Shreveport. Mr. Bodino is a member of the National Association of Petroleum Investment Analysts (NAPIA) and a Member of the Independent Producers Association of America (IPAA). Mr. Bodino is a director of two micro-cap E&P companies: Heartland Oil & Gas Corporation (HOGC.OB) and Eden Energy Corporation (EDNE.OB). Profile
JOHN P. HERRLIN JR., a First Vice President at Merrill Lynch, is a top rated Institutional Investor All American analyst for the eighth year in a row, six of which he was number one. Additionally, he is a top ranked Greenwich Associates analyst covering exploration and production companies. He currently follows 23 US oil and gas exploration and production companies, and six Canadian oil and gas exploration and production companies. Previously, Mr. Herrlin was an Analyst at Lehman Brothers, Smith Barney and 13D Research, Inc. His industry experience includes three years with the U.S. Geological Survey in the Oil and Gas branch and a year in the branch of exploration research. He studied Geology at the University of Montana and the Colorado School of Mines, and has an MBA in Energy Finance. Mr. Herrlin is a member of NAPIA and AIMR. Profile
DAVID TAMERON is a Senior Equity Research Analyst at First Albany Capital, Inc., providing research coverage in the exploration and production (E&P) sector. Prior to his employment with First Albany, Mr. Tameron was a Senior Analyst with Stifel, Nicolaus and Co., where he covered E&P and master limited partnership stocks. Previously, Mr. Tameron served as a Senior Analyst covering the E&P sector at ABN AMRO and as a member of an II-ranked team in the natural gas and pipeline sector with Prudential Securities. Outside of Wall Street, Mr. Tameron's background includes four years of industry experience with ExxonMobil and two years at a private M&A firm. He holds a BS in Finance from Arizona State University and an MBA from Duke's Fuqua School of Business. Profile
TWST: David, what do you see as the key theme for 2005?

Mr. Tameron: Near term we continue to be cautious about commodity

prices, particularly on the natural gas front given the warm start