Nordic Oil and Gas announces 2007 second quarter and first half results
WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that the Company's financial results from operations for its second quarter and six months ended June 30, 2007. Reporting all financial amounts referenced in their statements are amounts referenced herein are in Canadian dollars.
WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that revenue from natural gas and Coal Bed Methane sales for the six-month period (including liquids and transport revenue and interest revenue) totaled $364,568, down slightly from the $387,217 reported for same period in 2006. WINNIPEG Nordic Oil and Gas Limited Revenue for the three-month period ended June 30, 2007 totaled $175,429 down approximately $14,000 over the Q1 2007 total, but an increase of about $15,000 over the 2006 Q2 total. WINNIPEG Nordic Oil and Gas Limited The marginal decline in quarter over quarter revenue totals was due to a 5% drop in natural gas prices during the period under review, coupled with the fact that the Company's 15-12 well, which is awaiting a fluid lift system, recorded very little production.
WINNIPEG Nordic Oil and Gas Limited reported that their Cash, including term deposits and accounts receivable for the first six months of the year totaled $9,876 compared to $377,669 for the same period in 2006. In addition, net cash flow from operating activities (cash received from operators minus cash paid to suppliers and for royalties) was down for the first half of 2007 to $182,877 as compared to $204,269, and was down for the quarter ended June 30, 2007, to $66,578.
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Friday, August 31, 2007
Natural Gas in Canada
Nordic Oil and Gas announces 2007 second quarter and first half results
WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that the Company's financial results from operations for its second quarter and six months ended June 30, 2007. Reporting all financial amounts referenced in their statements are amounts referenced herein are in Canadian dollars.
WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that revenue from natural gas and Coal Bed Methane sales for the six-month period (including liquids and transport revenue and interest revenue) totaled $364,568, down slightly from the $387,217 reported for same period in 2006. WINNIPEG Nordic Oil and Gas Limited Revenue for the three-month period ended June 30, 2007 totaled $175,429 down approximately $14,000 over the Q1 2007 total, but an increase of about $15,000 over the 2006 Q2 total. WINNIPEG Nordic Oil and Gas Limited The marginal decline in quarter over quarter revenue totals was due to a 5% drop in natural gas prices during the period under review, coupled with the fact that the Company's 15-12 well, which is awaiting a fluid lift system, recorded very little production.
WINNIPEG Nordic Oil and Gas Limited reported that their Cash, including term deposits and accounts receivable for the first six months of the year totaled $9,876 compared to $377,669 for the same period in 2006. In addition, net cash flow from operating activities (cash received from operators minus cash paid to suppliers and for royalties) was down for the first half of 2007 to $182,877 as compared to $204,269, and was down for the quarter ended June 30, 2007, to $66,578.
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WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that the Company's financial results from operations for its second quarter and six months ended June 30, 2007. Reporting all financial amounts referenced in their statements are amounts referenced herein are in Canadian dollars.
WINNIPEG Nordic Oil and Gas Limited announced today August 30, 2007 in Winnipeg, Canada that revenue from natural gas and Coal Bed Methane sales for the six-month period (including liquids and transport revenue and interest revenue) totaled $364,568, down slightly from the $387,217 reported for same period in 2006. WINNIPEG Nordic Oil and Gas Limited Revenue for the three-month period ended June 30, 2007 totaled $175,429 down approximately $14,000 over the Q1 2007 total, but an increase of about $15,000 over the 2006 Q2 total. WINNIPEG Nordic Oil and Gas Limited The marginal decline in quarter over quarter revenue totals was due to a 5% drop in natural gas prices during the period under review, coupled with the fact that the Company's 15-12 well, which is awaiting a fluid lift system, recorded very little production.
WINNIPEG Nordic Oil and Gas Limited reported that their Cash, including term deposits and accounts receivable for the first six months of the year totaled $9,876 compared to $377,669 for the same period in 2006. In addition, net cash flow from operating activities (cash received from operators minus cash paid to suppliers and for royalties) was down for the first half of 2007 to $182,877 as compared to $204,269, and was down for the quarter ended June 30, 2007, to $66,578.
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Thursday, August 30, 2007
Natural Gas Prices Lower
Thestreet.com reported today after the release of figures from the United States Energy Information Administration released its end of the week figures that showed crude oil and refined products received a boost from bullish petroleum inventory figures Wednesday, while natural gas continued to trend lower in New York.
Thestreet.com reported today after the release of figures from the United States Energy Information Administration released its end of the week figures that showed October light sweet crude gained $1.76 to $73.49 a barrel, and reformulated gasoline rose 9 cents to $2.10 a gallon. Heating oil climbed 5 cents to $2.04 a gallon.
Thestreet.com reported today after the release of figures from the United States Energy Information Administration released its end of the week figures that showed near-term natural gas lost 16 cents, finishing at $5.43 per million British thermal units.
The Energy Information Administration's oil inventory report for the week ended Aug. 24 was more supportive of prices than oil and gas analysts were expecting.
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Thestreet.com reported today after the release of figures from the United States Energy Information Administration released its end of the week figures that showed October light sweet crude gained $1.76 to $73.49 a barrel, and reformulated gasoline rose 9 cents to $2.10 a gallon. Heating oil climbed 5 cents to $2.04 a gallon.
Thestreet.com reported today after the release of figures from the United States Energy Information Administration released its end of the week figures that showed near-term natural gas lost 16 cents, finishing at $5.43 per million British thermal units.
The Energy Information Administration's oil inventory report for the week ended Aug. 24 was more supportive of prices than oil and gas analysts were expecting.
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Beijing is Building Natural Gas Storage Reserves
Marketwatch.com has reported today from a press release issued by the City of Beijing, China that its municipal government of Beijing plans to build underground natural gas reserves by the year 2010 to ensure natural gas supplies will meet the city’s soaring demand, said its city's economic planner in their 2006-2010 plan for urban natural gas development.
Marketwatch.com has reported today from a press release issued by the City of Beijing, China that the city's natural gas demand is expected to reach 7 billion to 8 billion cubic meters a year by 2010, compared with 2.6 billion cubic meters in 2004, according to the natural gas plan posted and released on Wednesday, August 27, 2007 by the Beijing Development and Reform Commission on its Web site. A comparable natural gas figure for last year wasn't provided.
Marketwatch.com has reported today from a press release issued by the City of Beijing’s Beijing Development and Reform Commission that the planned underground reserves will help to meet the city's peak winter demand and avoid the fuel shortages which occurred in 2004, it was reported. The city of Beijing’s winter demand for heating accounts for 60% of their total natural gas demand.
Marketwatch.com has reported today from a press release issued by the City of Beijing, China that the city's natural gas demand is expected to reach 7 billion to 8 billion cubic meters a year by 2010, compared with 2.6 billion cubic meters in 2004, according to the natural gas plan posted and released on Wednesday, August 27, 2007 by the Beijing Development and Reform Commission on its Web site. A comparable natural gas figure for last year wasn't provided.
Marketwatch.com has reported today from a press release issued by the City of Beijing’s Beijing Development and Reform Commission that the planned underground reserves will help to meet the city's peak winter demand and avoid the fuel shortages which occurred in 2004, it was reported. The city of Beijing’s winter demand for heating accounts for 60% of their total natural gas demand.
Wednesday, August 29, 2007
Natural Gas Bidding in Libya
According to the Oil and Gas Journal, the country of Libya is once again getting ready to allow foreign oil companies to enter its territory and hunt for natural gas.
In August 2007 According to the Oil and Gas Journal, the country of Libya announced it was ready to initiate bidding for Libya energy contracts, specifically 41 offshore sectors that could hold natural gas worth billions of United States dollars.
According to the Oil and Gas Journal, the country of Libya has several big oil companies from Canada, Norway, Britain, Thailand, Japan, India, Algeria and the United Arab Emirates interested in the bidding process, but as of yet there are no United States companies entering a bid in the latest round of bidding.
According to the Oil and Gas Journal, the country of Libya bidding from U.S. companies is not yet out of the question, though, as American companies have submitted bids and won contracts in previous rounds, according to oil industry analysts.
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In August 2007 According to the Oil and Gas Journal, the country of Libya announced it was ready to initiate bidding for Libya energy contracts, specifically 41 offshore sectors that could hold natural gas worth billions of United States dollars.
According to the Oil and Gas Journal, the country of Libya has several big oil companies from Canada, Norway, Britain, Thailand, Japan, India, Algeria and the United Arab Emirates interested in the bidding process, but as of yet there are no United States companies entering a bid in the latest round of bidding.
According to the Oil and Gas Journal, the country of Libya bidding from U.S. companies is not yet out of the question, though, as American companies have submitted bids and won contracts in previous rounds, according to oil industry analysts.
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Natural Gas Prices Up
D Three Technology is happy to report that crude oil futures fell at the New York Mercantile Exchange on Tuesday, August 28, 2007 on concerns about new refinery outages in the United States; however natural gas prices were bid higher.
D Three Technology reports that crude oil futures for October 2007 West Texas intermediate crude lost 17 cents to $71.80 a barrel. Reformulated gasoline fell a bit with 2 cents lower to $2.02 a gallon, while heating oil was down 1 penny (U.S. dollars) to just under $2.00 per gallon.
D Three Technology is happy to report that the near-term natural gas contract gained 21 cents to $5.59 per million British thermal units.
There have been stock market investor concerns about short-term oil refining capacity which has weighed heavily on the crude oil mercantile market. Mercantile traders are still measuring the impact of a fire that occurred last week at Chevron's Pascagoula, Mississippi refinery. The refinery Chevron Pascagoula, Mississippi is capable of processing 330,000 barrels of crude oil a day
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D Three Technology reports that crude oil futures for October 2007 West Texas intermediate crude lost 17 cents to $71.80 a barrel. Reformulated gasoline fell a bit with 2 cents lower to $2.02 a gallon, while heating oil was down 1 penny (U.S. dollars) to just under $2.00 per gallon.
D Three Technology is happy to report that the near-term natural gas contract gained 21 cents to $5.59 per million British thermal units.
There have been stock market investor concerns about short-term oil refining capacity which has weighed heavily on the crude oil mercantile market. Mercantile traders are still measuring the impact of a fire that occurred last week at Chevron's Pascagoula, Mississippi refinery. The refinery Chevron Pascagoula, Mississippi is capable of processing 330,000 barrels of crude oil a day
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Tuesday, August 28, 2007
Natural Gas Venture for Rocky Mountain
Questar Pipeline Company and Enterprise Products Partners announced today, August 27, 2007 from Salt Lake City and Houston, Texas that they have signed a Memorandum of Understanding to develop a new natural gas pipeline.
Questar Pipeline Company, a subsidiary of Questar Corporation and an affiliate of Enterprise Products Partners L.P. have entered into a Memorandum of Understanding to develop a new natural gas pipeline hub in the Rockies, USA. As proposed and presented by the two companies, the White River Hub would be a header system that will be owned equally by the two companies. The United States facilities would connect Enterprise’s natural gas processing complex near Meeker, Colorado, with up to six interstate pipelines in the Piceance Basin area, including Questar Pipeline.
Questar Pipeline Company, a subsidiary of Questar Corporation and an affiliate of Enterprise Products Partners L.P. have initially designed the 30-inch hub pipeline that would have the capacity to transport more than 2.5 billion cubic feet per day and would provide hub-related services for natural gas producers, marketers and purchasers in the Rocky Mountain area. The jointly owned White River Hub pipeline would extend about 7 miles from Questar Pipeline’s Greasewood, Colorado facilities to the nearby Enterprise Meeker natural gas processing complex. In addition to Questar Pipeline, the pipelines that are expected to be connected to the White River Hub are the Rockies Express Pipeline, owned by Kinder Morgan, Sempra and ConocoPhillips; Kinder Morgan’s TransColorado Gas Transmission Company; El Paso’s Wyoming Interstate Company and Colorado Interstate Gas Company; and the Williams-owned Northwest Pipeline Corporation. This system would allow shippers on these pipelines to access markets throughout the country.
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Questar Pipeline Company, a subsidiary of Questar Corporation and an affiliate of Enterprise Products Partners L.P. have entered into a Memorandum of Understanding to develop a new natural gas pipeline hub in the Rockies, USA. As proposed and presented by the two companies, the White River Hub would be a header system that will be owned equally by the two companies. The United States facilities would connect Enterprise’s natural gas processing complex near Meeker, Colorado, with up to six interstate pipelines in the Piceance Basin area, including Questar Pipeline.
Questar Pipeline Company, a subsidiary of Questar Corporation and an affiliate of Enterprise Products Partners L.P. have initially designed the 30-inch hub pipeline that would have the capacity to transport more than 2.5 billion cubic feet per day and would provide hub-related services for natural gas producers, marketers and purchasers in the Rocky Mountain area. The jointly owned White River Hub pipeline would extend about 7 miles from Questar Pipeline’s Greasewood, Colorado facilities to the nearby Enterprise Meeker natural gas processing complex. In addition to Questar Pipeline, the pipelines that are expected to be connected to the White River Hub are the Rockies Express Pipeline, owned by Kinder Morgan, Sempra and ConocoPhillips; Kinder Morgan’s TransColorado Gas Transmission Company; El Paso’s Wyoming Interstate Company and Colorado Interstate Gas Company; and the Williams-owned Northwest Pipeline Corporation. This system would allow shippers on these pipelines to access markets throughout the country.
Handyman Torrance | Westlake Village Real Estate | Home Staging Westlake Village | Animal Actor Rentals | Embroidery Westlake Village | Flowers La Jolla | Houston Home Loans | Vitamins | Window Shutters | Personal Trainers | Real Estate Directory| Glass Simi Valley | Los Angeles Mold Inspections | Free Merchant Account | Carbon Dioxide Scavenger | SEO Website Enhancement | DUI Attorney Ventura | Solar Energy | Bridge Loans | Mortgage Woodland Hills | Fruit Basket Westlake Village | Chiropractor Westlake Village | Las Vegas Web Designer | Day Spa Thousand Oaks | Spiritual Truth | Commercial Real Estate Thousand Oaks | Home Improvements Temecula | Board-Up Services Ventura | Thousand Oaks Wedding Photographer | Real Estate Charleston | Tool and Die Maker | Solar Panels | Handyman Wilmington | Houston Mortgage| Enlightenment and Consciousness| Animal Rentals| Glass Cabinets | Celebrity Photos in L.A.| Malibu Realtor | Solar Power | Solar Pool Heater | Center for Integrated Medicine
Spiritual Enlightenment
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