Energy Matters

Here are some new words for your start-up E&P dictionary:

– Ginormous (say “gi” like “giant” and “normous” like “enormous”): This is the description of your start-up’s profit potential.

– OPM: This is “other people’s money” and what you want to use, although respectable co-capital will want you to put in a significant bit too. What is a “significant” amount? It is a figure that is sizeable to your own net worth. It may not be $50 million, but it is a figure that is sizeable relative to your own personal worth.

– Speed “Start-Up” Dating: This is the activity of visiting with practically anyone for at least a minute or two about their own background, in your pursuit of a good management team to fill out your start-up executive suite. If you find yourself engaging in this activity unabated, you are rapidly on the road to forming your own start-up.

–Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, Oil and Gas Investor This Week, www.OilandGasInvestor.com; ndarbonne@hartenergy.com  

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