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Coastal Energy Announces Successful Appraisal Wells at Bua Ban South
Posted by sophocles on CEN.TO, 5/1/2012 at 4:36:32 PMCoastal Energy Announces Successful Appraisal Wells at Bua Ban South
HOUSTON, May 1, 2012 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company"
or "Coastal") (TSX:CEN) (AIM:CEO) announces the successful results of the Bua
Ban South A-03ST and A-05 wells.
The Bua Ban South A-05 well was drilled to a depth of 3,525 feet TVD
approximately 1,650 feet to the east of the A-04 well. The well encountered 20
feet of net pay across two Miocene zones with average porosity of 29%, based
on evaluation of downhole logs. The A-05 is downdip from the A-04, and moved
the lowest known oil ... continue reading.
One more for the night...
Posted by doomonyou on ARN.V, 4/29/2012 at 9:59:54 PMSo here's a little thought game for the evening. Its slightly meandering for which I would apologize for if it was in my nature to do so. This whole netback issue with Arcan is a completely miscast issue for THIS specific company. I can't really think of another time I have been involved with a public company where a vastly larger aggressive acquirer sucked up 20% of the shares and had bought essentially every single company "around" this company in question. For this purpose I count SCS's 60% sellout to CPG damm close to a buyout. I bring this up because frankly, if CPG acquires ARN, ARN's netbacks mean little to CPG. CPG isn't going ... continue reading.
CHK & the medium term NG price; stockmonger
Posted by agrossfarm on BRY, 5/3/2012 at 1:36:14 AMThanks for sharing that VPP data, stockmonger. There are two aspects to that part of the premise. 1. the amount of the off-balance sheet liabilities 2. the fact that it is off-balance sheet and given the growing number of revelations about worrisome things happening at CHK (AM borrowings and hedge fund for examples) it makes me wonder what is not yet known. I recall how Goldman was castigated for helping debt-strapped European govts. monetize future revenues, allowing them to avoid the appearance of having to borrow money. It is one of the scams that Debt to GDP cheaters used to hide the precarious nature of their finances. Is this ... continue reading.
Roche Alzheimer's drug picked for major test
Posted by snugpharma on ELN, 5/15/2012 at 11:13:00 AMRoche Alzheimer's drug picked for major test
Tue May 15, 2012 11:00am EDT
* Drug picked from pool of 25 rivals
* Study is first prevention trial for Alzheimer's disease
* Trial puts major theory of disease to the test
By Julie Steenhuysen
CHICAGO, May 15 (Reuters) - Roche Holding AG's Genentech unit has won the right to try its experimental Alzheimer's drug crenezumab on people with no signs of dementia - the first such trial to gauge whether early intervention can help prevent or slow the disease.
The drug will be tested among members of an extended ... continue reading.
New Pinecrest presentation as of this weekend...edited thanks
Posted by Oiljack on Oil and Gas Discussion BB, 4/21/2012 at 8:44:01 PM* current production is 3600 bpd with two more wells to tie in. They have not completed any drilling for around a month now so natural declines are keeping the production flat until they get drilling again in a few weeks (May) after spring break up.
* the company had around $19 mm in debt as of 2012 Q1E
* on a segemented basis, PRY scores at the top of the net-back generation list for Canadian E and P's ... continue reading.
