TESTIMONY
OF CHARLES HAMEL BEFORE THE UNITED STATES HOUSE OF REPRESENTATIVES
OF THE UNITED STATES CONGRESS COMMITTEE ON INTERIOR AND
INSULAR AFFAIRS:
2226 Rayburn House Office Building Washington, D.C. November
4 & 5, 1991
(Note: The following is just one excerpt from the lengthy
transcript of the hearing - Branton)
In 1988, ARCO, EXXON and British Petroleum failed to tell
this Committee about the existence of the Pt. McIntyre billion
barrel oil field directly under the West Dock, virtually
within sight of the Alyeska Pipeline, while they were testifying
that Prudhoe Bay was running dry. In fact, both ARCO and
EXXON knew that they had discovered the Pt. McIntyre field
years earlier. In 1989, my General Partner, EXXON, told
me that our Pt. McIntyre leases were dry. I sold my interest
in the leases for what EXXON told me was a fair price. Several
weeks after selling EXXON my interests, the major discovery
was announced. ONCE AGAIN, they LIED to you, they LIED to
the Congress, they LIED to the public, and they DEFRAUDED
us all."
Chapter
32
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