Archive for February, 2009

FD&A reserves at Baytex

Three-year (2006-2008) average FD&A costs of $11.02 per boe of proved plus probable reserves at baytex excluded FDC and $12.97 per boe including FDC. For full story, click here  

Baytex announces its 2008 year-end reserves

Baytex is pleased to announce its 2008 year-end reserves as evaluated by Sproule Associates Limited (“Sproule”), the independent reserves evaluator for all of Baytex’s oil and gas properties, in accordance with National Instrument 51-101. for full story, click here  

ONGC has been giving discount to cover losses

ONGC has been giving discount to cover one-third of the losses state-run oilmarketers were suffering for selling fuels at government-capped rates even during oil’s high run. For full story, click here  

ONGC directors oppose discount

In a marked departure from their malleable dispositions, Oil and Natural Gas Corporation’s independent directors have questioned the discount on crude — given to state-run refiners under government orders — saying this is against the interest of shareholders, especially those with small holdings. For full story, click here

Reliance imports LPG for state firms: Sources

Reliance Industries Ltd is importing LPG to deliver promised supplies to state oil firms, indicating some secondary units at its  new refinery may not be fully operational until April, trade and industry sources said. For full story, click here