Archive for October, 2006

U.N. chief asks new uses for atom energy

October 31st, 2006
U.N. chief asks new uses for atom energy

U.N. nuclear chief Mohamed ElBaradei urged the world’s nations Monday to adopt a broad new plan for the use of atomic energy to address mounting concerns about the further spread of sensitive technology.
He said a new approach is essential because rising global demand for energy has made atomic power a more attractive option and proliferation [...]

Eastern Platinum Limited: Infill Drilling of Kareespruit Section at Crocodile River

October 31st, 2006
Eastern Platinum Limited: Infill Drilling of Kareespruit Section at Crocodile River

Ian Rozier, President and CEO of Eastern Platinum Limited, and Chairman of Barplats Investments Limited (”Barplats”), is pleased to report that an infill drilling program is to be conducted on the Kareespruit section of the Crocodile River Mine (”CRM”) Platinum Group Metals (”PGM”) producer in South Africa. The Kareespruit section comprises an area of approximately [...]

Lakota Announces Tembo RC Drilling

October 31st, 2006
Lakota Announces Tembo RC Drilling

Lakota Resources Inc. is pleased to announce that a 4,200 metre Reverse Circulation (RC) drilling program on the Company’s 100% owned TEMBO project will commence on or about October 31, 2006. Since July 2006, the Company has completed 13,090 metres of Aircore (AC) drilling comprising a total of 1,221 shallow holes for regolith (soil) and [...]

Candente-Orex Announce Drilling Underway at Pamel Property, Central Peru

October 31st, 2006
Candente-Orex Announce Drilling Underway at Pamel Property, Central Peru

Candente Resource Corp. and Orex Ventures Inc. are pleased to announce that drilling commenced on Thursday October 19th on the Pamel Property in Central Peru. Diamond drilling is being carried out by MDH S.A.C. of Lima, Peru. The drill being used is a Longyear 38 which is expected to be able to core to [...]

Seadrill Ltd: Disclosure Regarding Aker Drilling ASA

October 31st, 2006
Seadrill Ltd: Disclosure Regarding Aker Drilling ASA

On October 30, 2006, Seadrill purchased 8,565,800 shares in Aker Drilling ASA at an average price of NOK 34.999. After these transactions Seadrill’s shareholding in Aker Drilling ASA totals 9,309,400 shares corresponding to 10.01 percent of total outstanding shares in Aker Drilling ASA.
The total ownership percentage has been calculated using an issued share capital in [...]

Kodiak Oil & Gas drilling Vermillion Basin well

October 31st, 2006
Kodiak Oil & Gas drilling Vermillion Basin well

Kodiak Oil & Gas Corp. has provided an update on its 2006 drilling program in the Vermillion Basin in Sweetwater County, Wyo., and production update on its Williston Basin Bakken oil play in McKenzie County, N.D.
Kodiak recently commenced drilling operations on the North Trail-State #4-36, which is expected to be drilled to a total depth [...]

Park service must review drilling impact

October 31st, 2006
Park service must review drilling impact

The National Park Service failed to take “a hard look” at the environmental impact of directional drilling on land adjacent to the Big Thicket Preserve in Southeast Texas, a federal judge ruled last week.
Judge John D. Bates said that the park service’s findings of no significant impact were “arbitrary and capricious” and that the agency [...]

Is Particle Drilling’s Technology Worth a Drill Bit?

October 31st, 2006
Is Particle Drilling’s Technology Worth a Drill Bit?

Particle Drilling Technologies Inc , based in Houston, Texas, is a development-stage oilfield service company in the process of commercializing its patented advanced drilling technology known as Particle Impact Drilling [PID].
Unlike earlier particle recovery systems, PID technology does not require high surface pressures—up to 11,000 psi—in order to give the small particle the velocity to [...]