Tag: operator

AT&T’s Time Square Hotzone – Analyst Blog

Filed in Gold Investing, Gold Prices, lead by on May 26, 2010 0 Comments

AT&T ( T ) has reportedly launched a pilot Wi-Fi (wireless broadband) project in Times Square, New York City, which will enable the residents and vistors to stay connected in one of the busiest places on the planet. Ma Bell has installed a massive Wi-Fi hotspot (“hotzone”) in the north-central part of Times Square to reduce the mobile data traffic congestion. The carrier continues to be challenged by serious traffic congestion as a result of high-bandwidth demand on its network due to excessive data usage by the iPhone customers. AT&T is making significant investments on 3G network infrastructure improvements across highly congested areas to offload traffic from its overcrowded network. The new hotzone will enable 32 million eligible AT&T customers Wi-Fi access using any compatible smartphone, 3G LaptopConnect card or high-speed Internet plan. The carrier plans to expand hotzones in other parts of the country that are affected by network congestion. AT&T boosted its Wi-Fi coverage with the acquisition of Texas-based Wayport Inc., a leading Wi-Fi service provider, in December 2008 for $275 million. Besides providing support for the carrier’s Wi-Fi enabled handsets (such as iPhone and BlackBerry), the acquisition increased its Wi-Fi hotspot counts in the U.S. AT&T is the undisputed leader in Wi-Fi in the US with more than 20,000 hotspots. The carrier currently has 125,000 hotspots globally. AT&T remains focused on expanding the number of Wi-Fi hotspots available to its customers and enhancing connectivity for its high-end smartphone users. AT&T is expanding its nationwide Wi-Fi coverage across venues such as hospitals, retail locations, restaurants, coffee shops, sport arenas and airports. Wi-Fi represents an important strategic opportunity for the operator, as the number of Wi-Fi enabled wireless handsets is expected to increase by 175% through 2011. Wi-Fi access for AT&T’s smartphone and integrated devices customers has dramatically increased in recent times. The carrier had 53 million Wi-Fi connections on its US network in the first-quarter 2010, representing a five-fold increase compared to 10.7 million a year ago. Roughly 69% of these connections were made from smartphone and integrated devices, up from 35% a year ago. AT&T’s aggressive Wi-Fi expansion strategy will further solidify its competitive position against its archrival Verizon ( VZ ) which has so far demonstrated a blasé attitude in this area.  Read the full analyst report on “T” Read the full analyst report on “VZ” Zacks Investment Research

Continue Reading »

NTRO, EROC, ECL, CHK, – DrStockPick.com Stock Report!

Filed in Gold Prices by on May 22, 2010 0 Comments

__ Nitro Petroleum Incorporated (OTC.BB:NTRO) reported that the engineering and economic feasibility study for the Mason Burns lease is now complete. Nitro, the operator on this property, will perform a remedial fracture (Frac) in the Viola Limestone formation. The Mason Burns well is presently producing from the upper and lower intervals of the First Bromide formation

Continue Reading »

Stock Update! NTRO.OB, DGDM.OB, VNGM.OB, TEMN.OB, BLSR.OB Brought to you By Stock-PR

Filed in Gold Investing, silver by on May 22, 2010 0 Comments

Stock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com ________________________________________ Nitro Petroleum Incorporated (OTC.BB:NTRO.OB) recently announced an engineering update on the first two wells in regard to the current enhancement program. The Quinlan #1, Quinlan #2, and Quinlan #3 wells are located in the Northeast Shawnee Field in Pottawatomie County, Oklahoma. Nitro is the operator on this field and

Continue Reading »

Conoco Drills Well in Australia – Analyst Blog

Filed in Gold Investing, Gold Prices, lead, silver by on May 21, 2010 0 Comments

ConocoPhillips ( COP ) and its Australian partner Karoon Gas have been jointly conducting a drilling program on the Kronos-1 exploration well in the Browse Basin off the coast of Australia. Kronos-1 is located in the Poseidon gas field. ConocoPhillips serves as the operator in Poseidon with a 60% interest; Karoon holds the remaining 40% interest.   Though the flow rate has been constrained by equipment configuration, the maximum flow attained was 26 million standard cubic feet per day (MMscf/d). The well data will be analyzed in the coming months, which will determine future plans.   Conoco continues to gain momentum with high potential drilling programs. Besides the Eagle Ford and Muskwa Shale (in British Columbia, Canada) drilling programs, the company’s two Gulf of Mexico Lower Tertiary discoveries have the potential to add significant numbers to its reserves base.   The company has added a number of high impact projects in the LNG area and achieved exploration successes in several international locations including offshore China, Vietnam and Gulf of Mexico regions. ConocoPhillips’ creation of an Australasian natural gas business with Origin Energy, a leading Australian integrated energy company, should cement its competitive position in the rapidly growing LNG market.   While Conoco will sell approximately $10 billion of assets in 2010 and 2011, the company anticipates per share production growth of 3% in both 2010 and 2011 on the back of its drilling initiatives. We are currently Neutral on the company. Read the full analyst report on “COP” Zacks Investment Research

Continue Reading »

Deepwater Disaster Doesn’t Change Need for Deepwater Drilling

Filed in Guidance, New Gold, silver by on May 21, 2010 0 Comments

Gary Gibson : OK, Byron, can you start off by telling Whiskey readers a little about why we’re searching for deep sea oil in the first place? I mean, we know about peak oil already. But… is it really THAT bad that we’re having to search for oil buried beneath 12,000 feet of water? And after the water, another 10,000 feet of dense rock? That’s a lot of risk to take. Seems to be proof for the end of cheap oil theory, right? Byron King: Exactly. The days of drilling a hole just beneath the soil in Texas, inserting a pipe and watching oil gush out are gone. We’re never going getting back to those days. back. It gets into So that’s what we’re dealing with here in the search for deep sea oil… The energy industry has And they’re having to go deeper and deeper to make things work. Risking more and more capital – and unfortunately, lives – along the way. Look at I mean, the thing is, what we’ve seen in the last, let’s say 20 years or so, since 1990, when the oil industry really started to, you know, go deep. There was something like an “arms race” to develop better and better deepwater technology, to go for the next levels down. Go really deep for the deep-water things. We’ve seen this race to deeper and deeper water. And it’s all because the so called “cheap oil” is gone. It You know what I mean, it used to be that drilling at 1,000 feet water depth was like, whoa, man, that’s like the edge of technology! You know, back then in the early 1990s it was 1,500 feet, then it was 2,500 feet, then it was 5,000 feet…7,500, 10,000. Now they’re drilling at 12,000 feet of water. It’s doable. But it’s mind-blowing as well. I mean, 12,000 feet of water is where the Titanic sits. That’s how deep that water is. Let me stress: 12,000 feet is really deep water. So in 20 years, we’re gone from 1,000 to 12,000 feet: huge, huge technological leap. And the only thing that lets you do that is technology. In the same sense you have a much, much better computer today than you did in 1990, you have much better offshore drilling equipment today than you did in 1990. You have bigger, better rigs. You have more powerful rigs. You have far better positioning, far better station keeping. …

Continue Reading »

Nitro Petroleum, Inc. (NTRO.OB) Gives Update on Mason Burns Lease

Filed in Gold Investing, Gold Prices by on May 20, 2010 0 Comments

Yesterday, Nitro Petroleum Inc. reported that the Mason Burns lease engineering and economic feasibility study has been completed. The Company is the operator on this property. They will perform a remedial fracture (Frac) in the Viola Limestone formation. The Viola Limestone is an extremely prolific reservoir in production. Currently, the Mason Burns well is producing

Continue Reading »

NTRO, – Nitro Petroleum Inc. Announces Mason Burns Well Update Oklahoma – DrStockPick.com Stock Report!

Filed in Gold Investing, Gold Prices, silver by on May 19, 2010 0 Comments

__ NTRO, NITRO Petroleum Inc., NTRO.OB Nitro Petroleum Inc. Announces Mason Burns Well Update Oklahoma OKLAHOMA CITY, OKLAHOMA–(CRWENEWSWIRE – 05/19/10) – Nitro Petroleum Incorporated (OTC.BB:NTRO) reports today that the engineering and economic feasibility study for the Mason Burns lease is now complete. Nitro, the operator on this property, will perform a remedial fracture (Frac) in the Viola

Continue Reading »

Nitro Petroleum Inc. Announces Mason Burns Well Update Oklahoma

Filed in Gold Investing, silver by on May 19, 2010 0 Comments

Stock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com ________________________________________ OKLAHOMA CITY, OKLAHOMA–(CRWENEWSWIRE – 05/19/10) – Nitro Petroleum Incorporated (OTC.BB:NTRO) reports today that the engineering and economic feasibility study for the Mason Burns lease is now complete. Nitro, the operator on this property, will perform a remedial fracture (Frac) in the Viola Limestone formation. The Mason Burns well is

Continue Reading »

Thomas Cook sees upturn in bookings

Filed in euro, Gold Investing by on March 25, 2010 0 Comments

Tour operator Thomas Cook reported a sharp increase in summer bookings, benefiting from improving consumer confidence and a popular TV advertising campaign featuring former soccer star Jamie Redknapp. Europe’s second-biggest travel firm said summer Thomas Cook sees upturn in bookings

Continue Reading »

Could Namibia Be Ten Times Better Than Brazil for Oil?

Filed in ceo, Spot Gold, US Dollar by on February 26, 2010 0 Comments

I logged 9,814 air miles. Took four different flights. Spent a total of 54 hours traveling. All to meet with a man they call “Mr. GO Deep…” “Mr. GO Deep” is the go to guy in offshore oil development. Oil companies pay him HUGE consulting fees in hopes to identify the next deep or ultra deep offshore oil deposits. Yet in my recent trip down to Brazil, “Mr. GO Deep” sat at a table with me — just me — for two solid hours, explaining what he’s doing in the energy world. And why, while offshore Brazilian oil is good, there’s another deep sea play with even better oil prospects. Then he handed me off to several of his able staff, who were equally generous with their time and perspective. A first-class act, in every respect. Here’s what I’ve found, along with a few ideas of how you can take advantage of the secrets he shared… Meet “Mr. GO Deep” – The GO TO Man in Deep Oil Discoveries The man I’m talking about is Marcio Mello — the always-ebullient Brazilian geochemist and CEO of Brazil’s HRT Petroleum Co. I first met Marcio back at last year’s American Association of Petroleum Geologists (AAPG) convention. He wowed the crowd with a discussion of the oil potential of the South Atlantic. “The Namibian offshore is analogous to that of Brazil,” Marcio stated, with slides and hard data to back it up. Then he showed his proprietary research into natural offshore oil seeps off Namibia, and the geochemistry that demonstrates immense hydrocarbon potential. As for the reservoirs, he showed a slide of proprietary seismic data. “And look at this turbidite stuff,” he yelled, as a couple hundred seasoned geologists in the room both gasped and chuckled. Indeed, Namibia is destined for oil riches. “But Namibia,” said Marcio, “is way underexplored. So you can put down a little money for the concessions and get very rich.” Any mention of “very rich” makes my ears perk up. When I questioned Marcio further about the offshore Namibia deposits, he was gracious enough to invite me down to see his facilities in Brazil. Here’s What I Found About Namibia… I looked at seismic. I saw geochemistry. I saw satellite data. I saw gravity and magnetic maps. If there’s a frontier spot on earth where you can say that drilling risk is low for wildcat development, it’s offshore Namibia. (You just have to be sure to drill in the right place.) Nothing is easy, of course. There aren’t a lot of wells offshore Namibia. Just a handful. But we know there’s a giant natural gas field at Kudu in the south, immediately north of the Namibian territorial line with South Africa. So there’s a hydrocarbon system out there. Now we know there’s gas, so where’s the rest of it? As Marcio says, “If I see a little baby, I look for its mama.” After a week in Brazil, I can say something significant. It’s that right now, some people (guess who) know more about the deep regions offshore Namibia than Petrobras knew about the deep Campos Basin off Brazil before it drilled the Tupi discovery and found 12 billion barrels of oil. The Secret Finding Namibia’s Oil To understand what Marcio brings to the table – and his secret for finding deep oil plays — you…

Continue Reading »

Schumer saves it for the elevator

Filed in Gold Bullion prices by on February 26, 2010 0 Comments

Returning to the Capitol after seven hours of back-and-forth debate with Republicans, Sen. Chuck Schumer (D-N.Y.) decided it was time to quit hiding his disdain for Sen. Tom Coburn (R-Okla.). Exiting an elevator en route to votes, Schumer was complaining loudly about Coburn's performance… …then was spotted running out of the Senate chamber after votes because flights to New York were canceled… “It's snowing!” Schumer declared…as he rushed into the senators-only elevator. He then pleaded with the operator, “Ma'am! Ma'am! We have to go! I have a train leaving in nine minutes!” Original Article: Forum: News/Activism

Continue Reading »

Devon-Anadarko’s New Oil Discovery – Analyst Blog

Filed in Gold Prices by on December 18, 2009 0 Comments

Devon Energy Corp. ( DVN ) and Anadarko Petroleum Corp. ( APC ) announced a new pre-salt oil discovery on Block BM-C-32 in the Campos Basin, offshore Brazil. The well drilled at the Itaipu discovery reached a total depth of 16,300 feet in 4,400 feet of water. It encountered approximately 240 feet of oil, with at least 90 feet of net oil pay, which is a vertical measurement of the portion of the reservoir the companies believe can be produced from.   The Itaipu discovery is about 78 miles southeast of Vitoria City. It is located 16 miles north of the Wahoo discovery on Block BM-C-30 and 6 miles southeast of the pre-salt Jubarte Field. The BM-C-30 block is operated by Anadarko but includes investment by Devon.   Devon acts as the operator of the Itaipu well with a 40% working interest. Other partners include Anadarko with a 33.3% working interest and SK Energy Co. Ltd. with 26.7% working interest.   Block BM-C-32 is one of seven offshore exploratory blocks in Brazil held by Devon, six of which are in the pre-salt trend.  Devon has identified 20 prospects (including Wahoo and Itaipu) on its leases with net unrisked resource potential of 2 billion to 4 billion barrels of oil. The drillship Deepwater Discovery, currently under long-term contract to Devon, will be used for the 2010 exploration program which includes four planned wells on prospect BM-C-34 as well as delineation of the Itaipu discovery.   Devon, based in Oklahoma City, Oklahoma, is a major independent oil and gas exploration and production (E&P) company. Its oil and gas assets are principally located in the United States, Canada, Azerbaijan, China, Russia and Brazil. Devon’s deep and diversified portfolio, primarily comprising unconventional resources, reflects significant long-term growth potential.   Anadarko, based in the Woodlands, Texas, is one of the largest independent oil and natural gas E&P companies of the world. Anadarko’s major assets are located in the United States, containing 90% of the total proved reserves of the company. It also has E&P facilities in Algeria, Brazil, China, Indonesia, Mozambique and Ghana. Anadarko has a proven track record of identifying and executing high-impact projects. With a global business development approach, the company leverages its core skills and infrastructure to discover and develop value accretive world-class resources and build an optimized global portfolio while managing both surface and subsurface risks actively. Read the full analyst report on “DVN” Read the full analyst report on “APC” Zacks Investment Research

Continue Reading »