The sale of Claude Resources’ oil and natural gas assets is being brokered through Ted Renner of Kiora Resources (producingproperty(at)mac.com or 403-990-9138). A detailed property list can be obtained from Mr. Renner.
Following advertisement of the properties and extensive industry contact with potential purchasers, negotiations will be conducted with the most interested parties with the intent [...]
Allegheny Technologies Incorporated expects second quarter 2008 earnings to be in the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit. ATI had previously said that it expected second quarter earnings to be somewhat higher than the $1.40 per share achieved in the first quarter 2008.
“ATI is benefiting [...]
JayHawk Energy, Inc. is pleased to announce the continuation of its aggressive drilling program on their Cherokee Basin Project, located in Southeast Kansas. As previously released, unfavorable weather conditions has hindered drilling operations in the Kansas area, precluding drilling activity over the last several months.
JayHawk will commence drilling 20 new targets starting Monday, July 14, [...]
Hyperdynamics Corporation announced that its Louisiana based oil production operations reported gross oil sales of approximately 15,592 barrels for the 4th quarter ending June 30, 2008. The Company’s revenue derived from this production is approximately $1,260,000. This sets a new production record and represents the highest quarterly revenue ever for the company.
June oil sales held [...]
GSV, Inc. announced that it has received an independent engineering report for the East Wilcox prospect in Liberty County, Texas. GSV has an 11.918% working interest in this prospect. So far there is one well which is operating and producing in this prospect.
According to the report the total reserves in the prospect are about 7.9 [...]
PACIFIC ASIA CHINA ENERGY INC. announced the closing of the plan of arrangement under which Green Dragon Gas (”Green Dragon”), through its wholly-owned direct and indirect subsidiaries, GREKA China Ltd. and GREKA Acquisitions Ltd. (”GREKA”), acquired all of the Company’s outstanding shares at a price of CDN$0.35 per share in cash, for total cash proceeds [...]
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]
FMC Technologies, Inc. announced that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development, located in the Norwegian Sea. The contract, valued at approximately $87 million in revenue, is a call-off from a frame agreement that was originally signed in 2007.
FMC’s scope of supply [...]
In response to inquiries, Precision Drilling Trust (”Precision”) clarified today for its unitholders that it will immediately re-approach the board of directors of Grey Wolf, Inc. (”Grey Wolf”) with its June 24, 2008 US$10.00 per share proposal if the merger agreement with Basic Energy Services, Inc. (”Basic”) is terminated.
Precision will await the outcome of [...]
CGGVeritas provides its vessel utilization and fleet allocation updates for the second quarter of 2008 and announces the release date for the second quarter financial results.
Vessel utilization update for the second quarter 2008:
Going forward, CGGVeritas will publish on a quarterly basis a vessel utilization update. Two indicators will be disclosed:
- Vessel availability rate, a metric [...]
