Reserves increase of 12% to 187.9 million at Baytex
Total proved plus probable reserves increase of 12% to 187.9 million boe recorded at Baytex. For full story, click here
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FD&A reserves at Baytex
Thursday, February 19, 2009
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
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Majority expenditures incurred for light oil & gas assets
Thursday, February 19, 2009
Approximately 74% of expenditures were incurred for light oil and natural gas assets with the remaining 26% incurred for heavy oil assets. For full story, click here
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Baytex announces its 2008 year-end reserves
Thursday, February 19, 2009
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
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ONGC has been giving discount to cover losses
Wednesday, February 18, 2009
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
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ONGC directors oppose discount
Wednesday, February 18, 2009
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
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Natural gas prices rose 0.082 cents
Wednesday, February 18, 2009
Natural gas prices rose 0.082 cents to $4.238 per million British thermal units. For full story, click here
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GE Oil & Gas: Eni refinery contract
Wednesday, February 18, 2009
Italy’s Eni SPA let a contract to GE Oil & Gas for the largest refinery reactors of their type ever to be manufactured. For full story, click here
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Reliance imports LPG for state firms: Sources
Tuesday, February 17, 2009
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
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Mineral oil must be defined as hydrocarbon
Tuesday, February 17, 2009
The petroleum ministry has maintained that mineral oil must be defined as hydrocarbon (which can be either crude oil or natural gas or both). For full story, click here
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- Manitok Energy Inc. – Oil and Gas in the Western Canadian Sedimentary Basin
- Zone Resources Inc. – Developing the Girard Iron Property
Asides
The Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Thursday, February 19, 2009