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"Investors Business Daily: HealthCentral.com Engages HealthPricer ..." posted by ~Ray
Posted on 2008-12-19 16:39:24 |
&write; 2000-2008 Investor's Business Daily. Inc. All rights reserved.
© 2008. All Rights Reserved. The William O'Neil + Co. Database and all data contained herein are provided by William O'Neil + Co. Incorporated and are used by IBD under license agreement. Daily Graphs and Daily Graphs Online are trademarks of William O'Neil + Co. Incorporated or its subsidiaries.
This site is powered by Interactive Data Corp. Real Time Services market data. Price and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real measure Services and is subject to Interactive Data Corp. Real Time Services' terms. All times are Eastern United States.
The S&P 500 data is the property of Chicago Mercantile Exchange. Inc and its licensors. All rights reserved.
*Stocks On The act data may be delayed more than 20 minutes due to the auto-refresh schedule for these features.
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"Investors Business Daily: Understand the Impact of Regulation on ..." posted by ~Ray
Posted on 2008-10-18 05:20:03 |
© 2000-2008 Investor's Business Daily. Inc. All rights reserved.
© 2008. All Rights Reserved. The William O'Neil + Co. Database and all data contained herein are provided by William O'Neil + Co. Incorporated and are used by IBD under license agreement. Daily Graphs and Daily Graphs Online are trademarks of William O'Neil + Co. Incorporated or its subsidiaries.
This site is powered by Interactive Data Corp. Real Time Services market data. Price and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services' terms. All times are Eastern United States.
The S&P 500 data is the property of Chicago Mercantile Exchange. Inc and its licensors. All rights reserved.
*Stocks On The Move data may be delayed more than 20 minutes due to the auto-refresh schedule for these features.
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"Investors Business Daily: Sun Microsystems Inc: Sun Drives ..." posted by ~Ray
Posted on 2008-01-18 00:14:26 |
SAN FRANCISCO. Dec 05. 2007 (M2 PRESSWIRE via COMTEX) --Sun Microsystems. Inc. () today announceda significant performance enhancement to the Sun StorageTek VirtualStorage Manager 5 (VSM 5) its industry-leading mainframe virtualtechnology that adds 53% more throughput from the initial VSM 5release in mid-2006. The latest in mainframe storage innovation fromSun today's announcement advance demonstrates Sun's commitment toinvesting in and advancing its entire portfolio of storage and serversolutions.
* Continued dominance of the enterprise tape automation market withmore than 80% of customers in the 1,000-slot and higher categorise choosingthe Sun StorageTek SL8500 Modular Library System (IDC Quarterly ViewQ2. 2007). The SL8500 seamlessly supports both mainframe and opensystems within the same physical library.
* The industry's only access-centric tape drive. Sun's enterprise classT9840 attach drive product line has shipped more than 100,000 new tapedrives since inception in 1998.
* Recently enhanced VSM 5 technology that has improved its performancecapabilities to 613 megabytes per second - over 50% faster than earlierVSM versions and faster than competing storage offerings. Theperformance boost also enhances disaster recovery capabilities tomission critical data.
"Sun is a world leader in mainframe storage and our growth in thehigh-end mainframe storage business is a direct prove of our continuedinvestment in investigate and development that allows our customers theindustry's best go on investment.
This continued investment in mainframe technologies has yielded ourstrongest mainframe product line-up ever which is a direct result ofthe integration with Sun and StorageTek," said Jon Benson senior vicepresident. Storage. Sun Microsystems. Inc. "Going forward. Sun willcontinue to aggressively invest in mainframe storage solutions thatcompliment lower-end storage offerings that leverage change state,virtualization technologies desire the Solaris Operating System."
The VSM 5 architecture uses industry leading StorageTek SL8500 tapelibrary and StorageTek T-series tape drives in its operation andoptimizes tape resources while enhancing tape application performance. The management of this storage system happens off-load saving theoverworked customer time and money versus competing virtual storagesystems.
KnowledgeBase Marketing (KBM) relies on the Sun StorageTek 9985 systemto support its mainframe environment. Sun recently helped KBM completea data center move from its Houston facility to a new corporateheadquarters office in Dallas. As part of the act. KBM refreshed itsmainframe environment.
They continue to use the StorageTek 9985 and purchased the StorageTekSL8500 attach library which is partitioned to give three backupenvironments and upgraded existing virtual storage manager systems.
"At KnowledgeBase Marketing effectively supporting our mainframeenvironment is a key factor in allowing us to function our clients andadapt to the changing needs of our business," said Brian Camp seniorvice president. Infrastructure at KnowledgeBase Marketing. "We chosethe Sun StorageTek 9985 to support our mainframe environment and ourmore than 150 TB of data based on Sun's demonstrated technologyexpertise in helping us to address our datacenter needs."
Using the Sun StorageTek Virtual Storage Manager 5 along with SunStorageTek T10000 tape drives and cartridges for backup management ofits mainframe environment. TIVIT Terceirizao de Tecnologia e ServiosSA a Brazil-based function provider was able to decrease the volume ofdata transmitted between sites significantly.
"By integrating the Sun StorageTek Virtual Storage Manager System 5into our datacenter we have streamlined our storage infrastructure andimproved the operating efficiency of our mainframe tape drives," saidValdir da Mata Firmino. IT Manager. TIVIT Terceirizao de Tecnologia eServios SA. "VSM enables us to optimize our storage resources in ourmainframe environment and better manage the ever growing be of datawe need to process in request to run our business."
Sun Microsystems develops the technologies that cater the globalmarketplace. Guided by a singular vision -- "The Network is theComputer" -- Sun drives network participation through sharedinnovation community development and change state source leadership. Sun canbe found in more than 100 countries and on the Web at http://sun com.
Sun. Sun Microsystems the Sun Logo. Solaris. Sun StorageTek and TheNetwork Is The Computer are trademarks or registered trademarks of SunMicrosystems. Inc in the United States and other countries.
M2 Communications Ltd disclaims all liability for informationprovided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained athttp://www presswire net on the world wide web. Inquiries toinfo@m2 com.
© 2008. All Rights Reserved. The William O'Neil + Co. Database and all data contained herein are provided by William O'Neil + Co. Incorporated and are used by IBD under authorise agreement. Daily Graphs and Daily Graphs Online are trademarks of William O'Neil + Co. Incorporated or its subsidiaries.
This site is powered by Interactive Data Corp. Real measure Services market data. Price and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services' terms. All times are Eastern United States.
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"Investors Business Daily: Sun Microsystems Inc: Sun Drives ..." posted by ~Ray
Posted on 2008-01-18 00:14:26 |
SAN FRANCISCO. Dec 05. 2007 (M2 PRESSWIRE via COMTEX) --Sun Microsystems. Inc. () today announceda significant performance enhancement to the Sun StorageTek VirtualStorage Manager 5 (VSM 5) its industry-leading mainframe virtualtechnology that adds 53% more throughput from the initial VSM 5release in mid-2006. The latest in mainframe storage innovation fromSun today's announcement advance demonstrates Sun's commitment toinvesting in and advancing its entire portfolio of storage and serversolutions.
* Continued dominance of the enterprise tape automation merchandise withmore than 80% of customers in the 1,000-slot and higher class choosingthe Sun StorageTek SL8500 Modular Library System (IDC Quarterly ViewQ2. 2007). The SL8500 seamlessly supports both mainframe and opensystems within the same physical library.
* The industry's only access-centric tape drive. Sun's enterprise classT9840 tape control product line has shipped more than 100,000 new tapedrives since inception in 1998.
* Recently enhanced VSM 5 technology that has improved its performancecapabilities to 613 megabytes per second - over 50% faster than earlierVSM versions and faster than competing storage offerings. Theperformance boost also enhances disaster recovery capabilities tomission critical data.
"Sun is a world leader in mainframe storage and our growth in thehigh-end mainframe storage business is a enjoin prove of our continuedinvestment in research and development that allows our customers theindustry's best go on investment.
This continued investment in mainframe technologies has yielded ourstrongest mainframe product line-up ever which is a direct result ofthe integration with Sun and StorageTek," said Jon Benson senior vicepresident. Storage. Sun Microsystems. Inc. "Going send. Sun willcontinue to aggressively invest in mainframe storage solutions thatcompliment lower-end storage offerings that leverage open,virtualization technologies like the Solaris Operating System."
The VSM 5 architecture uses industry leading StorageTek SL8500 tapelibrary and StorageTek T-series tape drives in its operation andoptimizes attach resources while enhancing tape application performance. The management of this storage system happens off-load saving theoverworked customer time and money versus competing virtual storagesystems.
KnowledgeBase Marketing (KBM) relies on the Sun StorageTek 9985 systemto support its mainframe environment. Sun recently helped KBM completea data center move from its Houston facility to a new corporateheadquarters office in Dallas. As part of the act. KBM refreshed itsmainframe environment.
They act to use the StorageTek 9985 and purchased the StorageTekSL8500 attach library which is partitioned to give three backupenvironments and upgraded existing virtual storage manager systems.
"At KnowledgeBase Marketing effectively supporting our mainframeenvironment is a key calculate in allowing us to service our clients andadapt to the changing needs of our business," said Brian Camp seniorvice president. Infrastructure at KnowledgeBase Marketing. "We chosethe Sun StorageTek 9985 to support our mainframe environment and ourmore than 150 TB of data based on Sun's demonstrated technologyexpertise in helping us to communicate our datacenter needs."
Using the Sun StorageTek Virtual Storage Manager 5 along with SunStorageTek T10000 attach drives and cartridges for backup management ofits mainframe environment. TIVIT Terceirizao de Tecnologia e ServiosSA a Brazil-based function provider was able to reduce the volume ofdata transmitted between sites significantly.
"By integrating the Sun StorageTek Virtual Storage Manager System 5into our datacenter we have streamlined our storage infrastructure andimproved the operating efficiency of our mainframe tape drives," saidValdir da Mata Firmino. IT Manager. TIVIT Terceirizao de Tecnologia eServios SA. "VSM enables us to optimize our storage resources in ourmainframe environment and better manage the ever growing amount of datawe need to process in order to run our business."
Sun Microsystems develops the technologies that power the globalmarketplace. Guided by a singular vision -- "The Network is theComputer" -- Sun drives network participation through sharedinnovation community development and open source leadership. Sun canbe found in more than 100 countries and on the Web at http://sun com.
Sun. Sun Microsystems the Sun Logo. Solaris. Sun StorageTek and TheNetwork Is The Computer are trademarks or registered trademarks of SunMicrosystems. Inc in the United States and other countries.
M2 Communications Ltd disclaims all liability for informationprovided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained athttp://www presswire net on the world wide web. Inquiries toinfo@m2 com.
&write; 2008. All Rights Reserved. The William O'Neil + Co. Database and all data contained herein are provided by William O'Neil + Co. Incorporated and are used by IBD under license agreement. Daily Graphs and Daily Graphs Online are trademarks of William O'Neil + Co. Incorporated or its subsidiaries.
This site is powered by Interactive Data Corp. Real Time Services market data. Price and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services' terms. All times are Eastern United States.
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"Investors Business Daily: Universal Motown Republic Group (UMRG ..." posted by ~Ray
Posted on 2007-12-20 21:51:37 |
NEW YORK. Dec 11. 2007 /PRNewswire via COMTEX/ --Universal Motown Republic Group (UMRG),a division of Universal Music assort the world's leading music company haspromoted Pat Monaco to Executive Vice President of Sales and Field Marketing. The announcement was made today by Mel Lewinter. UMRG's Chairman and CEO. Formerly. Mr. Monaco served as Senior Vice President of Sales & FieldOperations for the company.
Based in New York. Mr. Monaco will continue to report directly to MelLewinter and additionally to Monte Lipman (President. Universal RepublicRecords) and Sylvia Rhone (President. Universal Motown Records). In thisexpanded role. Mr. Monaco ordain oversee artist relations and all of the salesactivities for UMRG and its affiliated labels.
"As we further our leadership in the marketplace we are continuing toexpand operations and services to our artists," stated Mr. Lewinter. "Pat'sunderstanding of today's retail landscape record of building sales teams thatdeliver results and music savvy make him the ideal choice to continue leadingour sell efforts."
"Pat has proven to be the consummate executive whose patience andexpertise has strengthened the marketplace presence of our artists andprovided crucial strategic depth within our existing sales infrastructure andemerging business models," commented Ms. Rhone. "We congratulate him on thiswell-deserved promotion."
"As one of the industry's most respected executives. Pat's leadership hasbeen crucial to maximizing our sales impact and facilitating multiple newsales platforms for our artists," added Mr. Lipman. "Everyone at UniversalRepublic looks send to supporting him and his great staff as he continuesin his new capacity as one of Universal Motown Republic assort's most highlyvalued contributors."
Prior to joining Universal. Mr. Monaco served as Senior Vice President,General Manager of Island Records. His background also includes a number ofsenior positions within Island Records and PolyGram Distribution as well asserving as President/Owner of Landmark Distributors.
Universal Motown Republic assort is a division of Universal Music Group,the world's leading music company with wholly owned record operations orlicensees in 77 countries. Its businesses also include Universal MusicPublishing Group the industry's largest global music publishing operation.
Universal Music assort consists of record labels Decca. DeutscheGramophone. Interscope Geffen A&M Records. Geffen Records. Island Def JamMusic Group. Lost Highway.
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"Investors Business Daily: PIMCO Municipal Income Fund III Reports ..." posted by ~Ray
Posted on 2007-11-22 15:13:27 |
NEW YORK. Sep 11. 2007 (PrimeNewswire via COMTEX) --PIMCO Municipal Income Fund III (the "finance") () a closed-end management investment company which seeks to provide current income absolve from federal income tax today announced its results for the fiscal quarter and nine months ended June 30. 2007.
At June 30. ----------- 2007 2006 ---- ---- Net Assets (a) $732,467,742 $721,733,411 Common Shares Outstanding 31,466,962 31,278,192 Net Asset determine ("NAV") $14.70 $14.44 merchandise Price $15.18 $14.59 Premium to NAV 3.27% 1.04% accommodate ended June 30. ---------------------- 2007 2006 ---- ---- Net Investment Income $9,067,829 $8,517,593 Per Common Share $0.29 $0.28 Net Realized and Change in Unrealized Loss $(12,772,094) $(7,089,330) Per Common Share $(0.41) $(0.23) Undistributed (Overdistributed) Net Investment Income Per Common overlap (b) $0.0266 (c) $(0.0542)(d) Nine Months ended June 30. -------------------------- 2007 2006 ---- ---- Net Investment Income $27,640,861 $26,132,087 Per Common Share $0.88 $0.84 Net Realized and Change in Unrealized Loss $(7,083,998) $(6,255,440) Per Common Share $(0.23) $(0.20) (a) Net assets are inclusive of merchandise determine of Preferred Shares of $270 million. (b) Note that generally there is a change state correlation between what the Fund earns (net of expenses) and what it pays in monthly dividends. However since net earning rates fluctuate from month to month while monthly dividends have remained relatively shelter there will be periods when the Fund may modestly over-earn or under- acquire its monthly dividend which would have the cause of adding to or subtracting from the finance's undistributed (overdistributed) net investment income balances. finance management analyzes current and projected net earning rates prior to recommending dividend amounts to the Fund's Board of Trustees for declaration. There can be no assurance that the current dividend rates or the undistributed (overdistributed) net investment income balances will remain constant. (c) Calculated using the accumulated balance at June 30. 2007. (d) Calculated using the add up fiscal year-to-date month-end balances for the three months ended June 30. 2006. Top 5 State Positions at June 30. 2007 (as a percentage of total investments) -------------------------------------- 14.6 % Texas 12.9 Michigan 9.6 Washington 8.6 Illinois 7.3 California
Allianz Global Investors finance Management LLC an indirect wholly-owned subsidiary of Allianz Global Investors of America L. P. serves as the Fund's investment manager and is a member of Munich-based Allianz Group (). Pacific Investment Management Company LLC an Allianz Global Investors Fund Management affiliate serves as the finance's sub-adviser.
The Fund's daily New York have Exchange closing price net asset value per overlap as well as other information is available at http://www allianzinvestors com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 331-1710.
The financial information contained herein is solely based upon the data available at the time of publication of this press release and there is no assurance that any future results will be the same or similar to the results reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This touch channel contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no pledge of future results and the investment returns generated by the Fund will fluctuate. In making an investment decision individuals should utilize other information sources and the advice of their own professional adviser.
(C) Copyright 2007 PrimeNewswire. Inc. All rights reserved.**********************************************************************As of Friday. 09-07-2007 23:59 the latest Comtex SmarTrend Alert an automated pattern recognition system indicated a DOWNTREND on 07-27-2007 for AZ @ $21.42. As of Friday. 09-07-2007 23:59 the latest Comtex SmarTrend Alert an automated copy recognition system indicated a DOWNTREND on 02-02-2006 for PMX @ $14.66. For more information on SmarTrend contact your merchandise dataprovider or go to www mysmartrend comSmarTrend is a registered trademark of Comtex News communicate. Inc. Copyright 2004-2007 Comtex News Network. Inc. All rights reserved.
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"Investors Business Daily: Smith Micro Software to Present to ..." posted by ~Ray
Posted on 2007-11-12 02:55:27 |
ALISO VIEJO. Calif.. Sep 11. 2007 (BUSINESS equip) --Smith Micro Software. Inc. () a leading developer andmarketer of innovative software solutions and services for thewireless market today announced that William W. Smith. Jr.. Presidentand CEO ordain present at the Merriman Curhan & Ford 4th AnnualInvestor arrive at in San Francisco on Monday. September 17. 2007 at 8:30a m. PT. The conference will be held September 17th-18th at the MarkHopkins Hotel. The conference will be attended by securities analysts,fund managers and institutional investors.
Smith Micro Software ordain host a live webcast of the conferencepresentation at 8:30 a m. PT that can be accessed at:http://www wsw com/webcast/mcm7/smsi/ or from the Investor Relationssection of the Smith Micro web site at www smithmicro com.
Smith Micro Software. Inc. headquartered in Aliso Viejo,California with offices in Europe and Asia develops and marketswireless multimedia and communications solutions mobile devicemanagement products image and data compression solutions and manyaward winning software products. Smith Micro's complete line ofproducts is available through Smith Micro's Enterprise. bring andOEM Sales Groups and direct from our websites sell and value-addedresellers (VARs) partners. Smith Micro's common have trades on theNASDAQ Global merchandise under the symbol SMSI.
This release may contain forward-looking statements that involverisks and uncertainties including without limitation forward-lookingstatements relating to the affiliate's financial prospects andprojections the affiliate's ability to change magnitude its business and theanticipated timing and financial performance of new products andpotential acquisitions. Among the important factors that could causeactual results to differ materially from those in the forward-lookingstatements are new and changing technologies customer acceptance ofthose technologies fluctuations or cancellations in orders fromcustomers new and continuing adverse economic conditions and thecompany's ability to compete effectively with other softwarecompanies. These and other factors discussed in the affiliate's filingswith the Securities and Exchange Commission including its filings onForms 10-K and 10-Q could cause actual results to differ materiallyfrom those presented in any forward-looking statements. Smith Microassumes no obligation to update any forward-looking statements toreflect events or circumstances occurring after the date of this pressrelease.
At the affiliate:Smith Micro Software. Inc. Bruce T. QuigleyVice President of Corporate DevelopmentAnd Investor Relations949-362-5800bquigley@smithmicro comorIR Inquiries:MKR Group. Inc. Charles Messman. 323-468-2300smsi@mkr-group com
procure Business Wire 2007**********************************************************************As of Friday. 09-07-2007 23:59 the latest Comtex SmarTrend Alert an automated copy recognition system indicated an UPTREND on 09-04-2007 for SMSI @ $17.30. For more information on SmarTrend communicate your market dataprovider or go to www mysmartrend comSmarTrend is a registered trademark of Comtex News Network. Inc. Copyright 2004-2007 Comtex News Network. Inc. All rights reserved.
This place is powered by HyperFeed® market data. determine and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by HyperFeed Technologies. Inc and is affect to HyperFeed Technologies. Inc terms. All times are Eastern United States.*Index pricing and Stocks On The act data may be delayed more than 20 minutes due to the auto-refresh plan for these features.
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"Investors Business Daily: Exploration Program Update" posted by ~Ray
Posted on 2007-11-06 01:20:55 |
MONTREAL. QUEBEC. Sep 12. 2007 (CCNMatthews via COMTEX) --Namex () is pleased to announce that it has recently closed a $1,139,200 private placement and with these funds ordain continue exploring four of its most promising properties in Ontario; three located within the Sudbury plate camp - The Golden hanker. The affix Creek and The Woods Creek - and one - The Huffman - south of the Timmins area. All four properties have returned some excellent if not spectacular assay results of gold silver platinum assort metals ("PGM") coat plate bring about zinc and antimony. There is uranium mineralization on three of the properties.
Namex's technical team headed by Oliver T. Maki equip 43-101 qualified person is in the handle beginning an aggressive exploration program on its 624 hectare/1,560 acre Huffman project. A base camp has been set up and an excavator is at bring home the bacon. Drilling is expected to mouth in early October.
clutch samples taken late last year from four trenches on The Huffman property returned spectacular analyse grades of up to 54.2 grams of gold. 1,620 grams of silver. 8.63% copper. 12.6% lead. 2.3% coat and 5.94% antimony per ton. (See December 14. 2006 news channel). A subsequent Mobil coat Ions (M. M. I.) geochemical survey identified a mineralized zone measuring 300 x 200 meters (1,000 x 650 feet) that is open to the east and to the west. In addition to base and precious metals molybdenum tantalum tungsten and uranium mineralization has been identified by MMI.
Namex will also be working on its three Sudbury properties that adjoin and are totally surrounded by claims held by INCO - recently acquired by Companhia Vale do Rio Doce ("CVRD"). Falconbridge - acquired by Xstrata. Wallbridge. FNX. Ursa Major and back feature.
1) The Golden Pine's greenstone host rocks complex coordinate and high evaluate gold assays resemble Goldcorp's Red Lake Gold exploit. Namex's grab and channel samples returned grades of up to 182 grams of gold and 122 grams of plate per ton. Historical drill holes and sampling programs undergo returned multi ounce gold and plate grades per ton. (See touch Release - Namex web place).
2) The Post Creek is on strike with and abuts the go offset dyke structure which hosts FNX's Podolsky nickel copper and PGM discovery. See FNX Sept. 5. 2007 news release - "This bore hit intersected 60 feet grading 25.6% copper. 1.6% plate and 0.6 ounce per ton platinum palladium and gold." This cut hole is within 2,000 feet of the FNX/Namex property line. Namex has established that the Whistle Offset structure extends some 1,800 feet across the affix Creek property and contains plate coat. PGM's and gold mineralization. The affix Creek also contains a large area of historic high evaluate zinc and copper mineralization with assays up to 9.72% coat and 3.72% copper from outcrop rock samples. (See Press Release - Namex Web Site).
3) Drilling on The Woods Creek property encountered 7 meters (23 feet) of anomalous sulphide mineralization with up to 1.09% nickel. 0.85% copper and anomalous PGM's and gold. The Woods Creek which abuts and is on structural trend with the Agnew Lake Uranium Mine has uranium showings on its property. (See touch channel - Namex Web Site).
We will act you posted on the program's progress and results. For further information property descriptions and video interviews with the principals and technical aggroup please tour Namex's full due diligence web site: www namex-explorations com.
This release was prepared by the affiliate's management who take full responsibility for its contents. Some statements contained in this release are forward-looking and therefore bear on uncertainties or risks that could cause actual results to differ materially. The affiliate disclaims any obligation to update forward-looking statements.
This place is powered by HyperFeed® market data. determine and Volume data is delayed 20 minutes unless otherwise noted is believed accurate but is not warranted or guaranteed by HyperFeed Technologies. Inc and is affect to HyperFeed Technologies. Inc terms. All times are Eastern United States.*Index pricing and Stocks On The Move data may be delayed more than 20 minutes due to the auto-refresh plan for these features.
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"IBD - Markets Desk 09/11/07" posted by ~Ray
Posted on 2007-10-30 15:54:46 |
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"Investors Business Daily: Petrostar's Well 15-6 Continues to ..." posted by ~Ray
Posted on 2007-10-25 18:21:59 |
The DHT test was initiated on June 23. 2007 and was completed August11. 2007. The DHT attained a maximum temperature of 190 degrees C andmaintained that temperature for the study time of the test. Theproduction in well 15/6 before the DHT evaluate was approximately 2.9bopd and increased to 17.36 bopd or 598% when placed back onproduction August 17. 2007. The production as at September 10. 2007is 13.88 bopd or a 479% change magnitude from the original production rateand is currently maintaining that production rate.
The results are due to the effect of the heat and pressure that theDHT produces as a residual of the initial heat and compel create upin the come up. The after effect shows that as the DHT operates theheating of the fluids in the well-bore has the cause of releasinggas in suspension that then migrates through the various channels andreservoir openings to pressurize the formation and subsequentlyincrease production in the come up or wells in the vicinity. The testserves to affirm the after effect and residual alter and steamretention in the reservoir change surface after the DHT has been withdrawn fromthe come up cut.
It is expected that with deployment of the next generation DHT,these results may be exceeded and more importantly maintainedduring production as the DHT ordain operate at temperatures of 225degrees C to 450 degrees C and as an additional acquire the DHT maybe deployed and remain drink hit without a production interruptionmaking the economics of acquiring and operating the DHT veryattractive. The DHT technology may aid in higher recovery factors inmarginal producing fields and with the current price of oil becomean change surface more viable production drive. The next generation ordain also becapable of deployment without the need of coil tubing pigging and acoil tubing service unit reducing deployment costs and making the DHTeven more economic with lower sign costs and higher end revenues. The affiliate looks upon this proposed acquisition as an initiative toaccess oil that but for the Down Hole Tool technology wouldotherwise undergo not been accessible. Petrostar has now been testingthe DHT since May 2007 and the results are already having a verysignificant positive impact on production. What needs to beconsidered is that all that has been accomplished thus far has beenbased on the testing of just ONE drink hit Tool. With EIGHT new moresophisticated drink Hole Tools on order the Company anticipates avery significant increase in its revenues and looks upon thefollowing proposed acquisition/partnership as a means to cater itsobjectives.
The affiliate is also pleased to inform that it has entered into aLetter Of Intent with Trigas Ventures Ltd of study. Saskatchewan toacquire a 51% arouse in leasehold 8-11-39-20W3M located inwest-central Saskatchewan. The lease contains a non-producing come up inC8-11-39-20W3M and is 40 acres in size allowing for the drilling ofthree additional wells on the property. The lease is located in anorth-south trending channel which contains heavy oil in the McLarenFormation. The formation contains 7-9 degrees gravity oil which iscomparable to the heavy oil being produced in the tar sands of FortMcMurray. Alberta. The come up ordain be the subject of Petrostar's DHT(Down Hole Tool) technology and ordain be re-entered and equipped withPetrostar's new 2nd generation more powerful DHT unit which isexpected to be available for this location next month. Under theterms of the agreement. Petrostar ordain go the sum of $25,000.00to Trigas for a 51% ownership in the lease and Petrostar will becomethe operator of the project. Petrostar will acquire 100% of all fundsexpended for development and operating until payout at which timeTrigas ordain be responsible for its 49% share of any costs incurred.
This touch channel includes "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933 and Section 21Eof the Securities Act of 1934. A statement identified by the words"expects". "projects". "plans" and certain of the other foregoingstatements may be deemed forward-looking statements. AlthoughPetrostar Petroleum Corporation believes that the expectationsreflected in such forward-looking statements are reasonable thesestatements bear on risks and uncertainties that may cause actualfuture activities and results to be materially different from thosesuggested or described in this press release. These consider risksinherent in the development and production of oil wells includingrisks of blast explosion blowout pipe failure casing collapse,unusual or unexpected formation pressures environmental hazards andother operating and production risks inherent in oil productionactivities which may temporarily or permanently reduce production orcause initial production or test results to not be indicative offuture well performance or decelerate the timing of sales or completion ofproduction operations; risks with consider to oil prices a materialdecline in which could create the Company to decelerate or suspend planneddrilling.
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