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    Egoli Fraud Summary

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    Egoli is a company that is involved in the oil and gas industry. Its main operations involve upstream activities. As consultants the objective of the following report is to highlight certain issues and provide solutions to which these issues can be resolved. The fields that will be discussed includes: entrepreneurship and business, business strategy, business risk and fraud and IT in businesses. The report is prioritized and may not include every issue or problem. Business and Entrepreneurship Executive summary Egoli is a public company in an oil and gas industry and it was founded by Oliver Penn. It was founded in 2005 and it is located in United Kingdom. Egoli was formed with the purpose of identifying potential oil and gas fields that could…

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    Fracking; is it Harmful to American Citizens? Fracking in the United States has recently hit a boom. Fracking is not actually the process of retrieving the natural gas or oil. However, it is the process of improving the energy flow of the components before the extraction of oil or natural gas begin. In these terms, fracking will be counted as the whole process, before and after drilling. Fracking has many supporters and many foes. Although the U.S has been fracking for a while and has cut down…

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    the benefits of fracking outweigh the risks. If done professionally, fracking, or hydraulic fracturing, is beneficial to society because it provides towns, states, and countries with the natural gas they need, and reduces costs by using old oil and gas wells. Fracking is the process of extracting natural gas from in between layers of bedrock below the surface of the earth. The process involves sending large amounts of water and sand, along with small amounts of toxic chemicals at…

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    The BBC stated in the article What is fracking and why is it controversial? that “Hydraulic fracturing, or fracking, is a technique designed to recover gas and oil from shale rock. Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.” To be more specific, oil companies drill into the earth to extract gas from rocks using a high pressure water mixture. The water mixture includes gallons of water, sand, and…

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    Fracking Process Analysis

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    process of fracking. Fracking is a process of drilling down into the earth before high-pressure water mixture is directed at the Rock to release the gas inside. After that is done water, sand and chemicals are injected into the Rock at high pressure which allows the gas to flow out to the head of the well. This process can be executed vertical and horizontally by drilling through the Rock layers. This allows new directional ways to release gases or used for existing channels to have better flow.…

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    by injecting sand and/or chemicals at high pressure to extract natural gas or oil ("What is Fracking?"). Fracking is used to extract shale gas, tight sand gas, tight sand oil, and coal seam gas (better known as methane). Hydraulic fracturing is a relatively older extraction process; however, it has been gaining controversy lately over the issues of water contamination, possible negative effects on the environment, and health hazards ("Danger of Fracking"). Despite many claims by critics,…

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    earthquakes ever since fracking has been doing water injections. Water injections consist of putting the wastewater from fracking into an empty water well and leaving it there. There have been studies after studies showing that earthquakes, and unusually large ones, were suddenly occurring in low to minimal seismic activity states. In an article by Newsweek Global called “The Earth Moved, And It’s Our Fault” says, “But in Oklahoma in 2011, a magnitude-5.7 injection-induced earthquake —the…

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    Hydro Fracking

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    Skyler Stuke Brent Jackson Composition I April 26, 2016 HydroFracking- Is it really worth it? (American Consumers) According to J. Paul Getty, “Formula for success: rise early, work hard, strike oil.” “Within the next decade, dozens of wells had been constructed, producing anywhere from 150 to 7,500 barrels of oil per day ” (Newton 2015). Canadians were the first to find oil in 1858 in southern Ontario. Fracking oil has become more and more popular over the past couple of years. The…

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    order to get oil and natural gas. Fracking is a fairly simple process but has several steps involved. Before oil companies can start drilling into the ground they have to find these areas known as shale areas or tight rock formation. Once they find one of these areas, they start to drill into the ground for about a mile. After the drill has gone down for about a mile, it turns horizontally and continues to drill for several thousand feet. Once the drill is done it will go back and cased and…

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    about the incredibly low gas price. He said that the supply is high because of a new technique it has been used to take the oils out of the mantle rocks called “fracking”. As an economist, he could not quite tell if the benefits overcomes the environmental costs of the new technique. Since my father worked his entire life at Petrobras, Brazilian’s biggest petroleum company, I can only think that petroleum is essential for the economy and low prices probably mean something very good. After what I…

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