--> Abstract: Exploration: A Misunderstood Business, by J. Lohrenz; #91004 (1991)

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Exploration: A Misunderstood Business

LOHRENZ, JOHN, Louisiana Tech University, Ruston, LA

The business of exploration is persistently misunderstood. Why? Misunderstandings persist and even pervade educated, sophisticated, and obviously capable business practitioners and savants of an array of disciplines--finance, economics, and the management sciences. Routine and appropriate assumptions that apply for most businesses invoke nonsense applied to exploration, a unique business. The uniqueness of exploration, unrecognized, sustains the misunderstandings. We will not here obliterate these obdurate misunderstandings with some revelation. We can and do show, however, how the misunderstandings naturally arise among those who certainly are not used to being naive.

 

AAPG Search and Discovery Article #91004 © 1991 AAPG Annual Convention Dallas, Texas, April 7-10, 1991 (2009)