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NOTICE: THIS IS ARCHIVAL CONTENT AND LIKELY OUT OF DATE.

Edited for Send2Press by Carly Zander


Crack Down On Oil Reserves Fueling Demand For High-tech Resources

RENO, NV - Jan. 13, 2004 /Send2Press Newswire/ -- AXcess News (www.theaxcess.net) released a story that oil companies are facing calls for a crackdown in the way they handle their oil and gas reserve figures in the wake of Friday's shock announcement from Shell. Microsoft technology partner, The Project Group (OTC BB: PJTG), could hold the answer for many of those companies.

The U.S. Securities and Exchange Commission has asked oil companies to review their assessment of reserves in the US Gulf of Mexico. The request was unrelated to Royal Dutch/Shell's review, which was triggered by studies done in the fourth quarter. Last year, British Petroleum PLC reduced its estimate of reserves in a Russian joint venture because of a change in SEC rules.

Friday, Royal Dutch/Shell Group, one of the world's largest oil companies, cut its estimate of proved oil and gas reserves by 20 percent and failed for a third year to find as much oil as it pumped.

With oil companies worldwide facing tighter controls, The Project Group's software integration services are facing a significant challenge. But its elevated Microsoft status is opening new opportunities for The Project Group's IT services in partnership with one of the few software companies capable of delivering what the oil and gas industry needs.

Has PJTG ever contracted with large oil companies? What is it about their services that are setting them apart? To read this and other small cap business news go to http://www.theaxcess.net

axcess logo (c) About AXcess News
Dubbed the "Yahoo! of small cap business news" by Gordon Borrell, one of America's leading media and research gurus, AXcess News is fast becoming a known commodity for both the serious investor and people in general looking for informed articles and insightful columns that appeal to a broad spectrum of readers.



• Previous News from AXcess News



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Article is Copr. © 2004 Neotrope/Send2Press. Reproduction of this news article in any form requires written authorization. You may freely link to this article. For more information on using this article in print or on your website, please visit: www.freeNewsArticles.com™.



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