Essential Energy Services Trust Announces Third Quarter 2009 Results and Elimination of the Distribution Nov 11, 2009
The growth in the tool operations has helped offset the decline in the Trust's tubular and pipe rentals business which primarily offers products for conventional oil and gas drilling activity ... Essential Energy Services Trust provides oilfield services to oil and gas producers in western Canada related to the ongoing servicing of producing wells and new drilling activity ... g. demand, pricing and terms for oilfield services; current and expected oil and gas prices; exploration and development... (CCNMatthews Press Releases)
OYO wins Dawson Geophysical contract Nov 11, 2009
The deal includes the first order for the Houston oil and gas equipment maker s four-channel configured Geospace Seismic Recorder, the company s land seismic data acquisition system. OYO Geospace (NASDAQ: OYOG) expects to deliver the equipment during the second quarter of 2010. (Houston Business Journal, TX)
Freehold Royalty Trust Announces 2009 Third Quarter Results, 17% Increase in Monthly Distributions, and Extra Distribution for 2009 Nov 11, 2009
In recent months, a number of financings for oil and gas companies have been completed ... A Chartered Accountant, Mr. Tourigny is President of Tourigny Management Ltd., a private consulting company providing services to the oil and gas, financial services, and real estate sectors since 1979 ... Within this news release, references are made to terms commonly used as key performance indicators in the oil and gas industry. (CCNMatthews Press Releases)
Divestco Reports 2009 Q3 Results Nov 11, 2009
However, the demand and pricing of licensing revenue depends on the activity levels of oil and gas producers and these activity levels are determined, in part, by commodity prices, supply and demand for oil and natural gas, and access to credit and capital markets over which Divestco has no influence or control. Mr. Stephen Popadynetz, CEO of Divestco commented: "Although we are pleased with the positive improvements to the Company's balance sheet, 2009 continues to be a challenging time... (CCNMatthews Press Releases)
Oil industry employment stays near record levels Nov 11, 2009
According to Fried's latest estimates, the oil and gas industry employed 13,000 people in September, compared to 13,300 in September of last year ... The employment figures are for oil and gas producers such as BP and Conoco Phillips plus their major drilling and other services providers -- companies such as Schlumberger, CH2M Hill and Doyon, Fried said ... Production from Alaska's dominant oil and gas zone, the North Slope, was averaging 701,484 barrels per day through nearly the end of... (Anchorage Daily News)
Trican Announces Dividend Nov 10, 2009
Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves. Contact. (CCNMatthews Press Releases)
Is Marcellus Shale too hot to handle? Nov 9, 2009
What scientists call naturally occurring radioactive materials -- known by the acronym NORM -- are common in oil and gas drilling waste, and especially in brine, the dirty water that has been soaking in the shale for centuries. Radium, a potent carcinogen, is among the most dangerous of these metals because it gives off radon gas and takes 1,600 years to decay. (Albany Times Union)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
Oil and gas sales in the third quarter of 2009 of $23 ... The oil and gas properties depreciation, depletion and amortization rate per equivalent unit of production was $1 ... This decrease is due primarily to a lower cost basis in oil and gas properties subject to amortization due to previously recorded impairment charges as a result of lower oil and natural gas prices at year end 2008 and March 31, 2009. (Primezone Releases)
Baker Hughes 3Q net income down 87 percent Nov 5, 2009
Oil and gas equipment and services company on Wednesday reported net income for the third quarter ended Sept. 30, 2009 of $55 million, or 18 cents a share, compared with $429 million, or $1. 39 a share, in the 2008 third quarter. (Houston Business Journal, TX)
Caza Oil & Gas Announces Third Quarter Results Nov 5, 2009
In accordance with AIM Rules - Guidance Note for Mining, Oil and Gas Companies, the information contained in this announcement has been reviewed and approved by Anthony B. Sam, Vice President Operations of Caza who is a Petroleum Engineer and a member of The Society of Petroleum Engineers ... Revenues from oil and gas sales decreased 39% to $553,793 for the three-month period ended September 30, 2009 from $905,055 for the three-month period ended September 30, 2008 (the "comparative period") and... (CCNMatthews Press Releases)
Virginia Voters Send a Clear Message Nov 5, 2009
McDonnell vowed to make Virginia the energy capital of the East Coast through utilization of our abundant coal, new nuclear and extracting oil and gas off our coast ... Virginians sent a message for American energy policies that cleanly, creatively utilize our job-producing, affordable and plentiful coal resources and allow us to safely explore for oil and gas off our coast. (Human Events Online)
Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts Nov 5, 2009
- future oil and gas prices ... - actions by governmental or regulatory authorities including changes in royalty structures and programs and income tax laws (including those relating to mutual fund trusts or investment eligibility) or changes in tax laws and incentive programs relating to the oil and gas industry and income trusts ... Although the first nine months of 2009 have been challenging in the oil and gas sector with continued low natural gas prices and volatility in the global economy,... (CCNMatthews Press Releases)
Lawsuits have Shell debating Arctic drilling Nov 5, 2009
Shell, the giant oil company that hopes to open a new petroleum frontier for Alaska, says it will decide within months whether to risk sending a large fleet of vessels to drill for oil and gas in the Beaufort and Chukchi seas next summer. Story tools. (Anchorage Daily News)
Fairborne Energy Ltd. Announces 2009 Third Quarter Financial and Operating Results Nov 4, 2009
Management's assessment of future plans and operations, drilling plans and the timing thereof and anticipated incentives to be received in connection therewith, anticipated timing to bring on additional production, use of proceeds from the recently completed financing and timing and renunciation of flow through expenditures to subscribers, timing of the waterflood project at Sinclair, planned capital expenditures, nature of capital expenditures, timing of capital expenditures and methods of... (CCNMatthews Press Releases)
RedHawk buys Xxtreme Group for $66 million Nov 4, 2009
-based RedHawk focuses on acquisitions of oil and gas equipment manufacturing, leasing and services companies. This acquisition is a tremendous milestone for our company, RedHawk founder G. Darcy Klug said in a statement. (Houston Business Journal, TX)
Midway Energy Ltd.: Third Quarter Report For the Three and Nine Months Ended September 30, 2009 Nov 3, 2009
Mr. Smith has been involved with the oil and gas industry in Canada since 1983 and has worked as a Vice-President at several major companies ... Such risks and uncertainties include, without limitation: the impact of general economic conditions; volatility in market prices for crude oil and natural gas; industry conditions; currency fluctuations; imprecision of reserve estimates; liabilities inherent in crude oil and natural gas operations; environmental risks; incorrect assessments of the value... (CCNMatthews Press Releases)
Trico Marine Group Announces New President of Its Subsea Services Division -- DeepOcean AS Nov 2, 2009
Trico's Towing and Supply division provides a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico's Subsea Services and Subsea Protection divisions control a well equipped fleet of... (Primezone Releases)
Growing ND company adds Silicon Valley executive Nov 1, 2009
Throughout most of 2009, storage houses have been crammed with oil and gas ... Throughout most of 2009, storage houses have been crammed with oil and gas ... FARGO, N.D. -- A California entrepreneur who was promoting the oil and gas industry found Silicon Valley too green for his taste. (Fresno Bee -- State)
Pemex Says It May Not Renew Weatherford's $870 Million Contracts in April Oct 30, 2009
Weatherford has a number of rigs completing in the second quarter of 2010, and the potential to recontract those rigs is poor, , an oil and gas analyst at Simmons & Co., said in an interview from Houston on Oct. 26. Weatherford rose 11 cents to $17. (Bloomberg -- Latin America)
Gas Leak From Puffin Field in Timor Sea Having `No Impact on Environment' Oct 30, 2009
Puffin lies about 50 kilometers (31 miles) northwest of the Montara field, operated by PTT Exploration & Production Pcl, which has been leaking oil and gas for 10 weeks. The Bangkok- based company will make a fourth attempt to plug the well off Western Australias Kimberley coast this weekend. (Bloomberg -- Australia & New Zealand)
Black Dragon Moves Forward on Acquisition, Releases New Photos and Full Disclosure and Updates Shareholders Oct 28, 2009
Black Dragon is an oil & gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. (Primezone Releases)
Tuesday Business Highlights Oct 28, 2009
LONDON (AP) -- BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year. BP posted a third-quarter profit of 5. (Pocatello Idaho State Journal, ID)
PTTEP Tries to Stem Australian Oil Spill as `Environmental Disaster' Looms Oct 27, 2009
As investment in Australian oil and gas projects grows, scrutiny will be on the sector more than ever, , an independent resources analyst based in Sydney, said by phone today. Attention globally will increasingly focus on accidents and spills, and its important for all nations to be cognizant of the fact that the world is watching. (Bloomberg -- Australia & New Zealand)
Take Stock in Florida: Keep eye on price movement Oct 24, 2009
Oil and gas equipment and service sector bottomed late in 2008, and the count of drilling rigs working continues to be half of a year ago. Keep an eye on the stock performance of several stocks in any sector that includes your holdings. (The News-Press -- Business)
Trico Marine Services, Inc. Announces Third Quarter 2009 Earnings Conference Call Information Oct 23, 2009
Trico Marine also continues to provide a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico Marine is headquartered in The Woodlands, Texas and has a global presence with... (Primezone Releases)
Global giant nets $432 million Gorgon deal Oct 22, 2009
Global resources giant GE Oil and Gas will provide the technology to drive the Gorgon gas project. The US$400 million ($432 million) deal, announced today, means GE will supply the compression trains for the LNG production and carbon sequestration parts of the $43 billion project. (Sydney Morning Herald -- Business)
Burlington School Board Seat up for election, building project to begin Oct 21, 2009
He said the cuts are blamed a great deal on oil and gas shortfall and also on previous tax cuts that are just taking affect. He said the state sees close to $600 million less tax revenue this year. (Alva Review Courier, OK)
New drilling off north Alaska gets federal OK Oct 21, 2009
The sales were included in the 2002-2007 five-year oil and gas leasing program and were not affected by a court decision on the current leasing program, which sent the 2007-2012 program back to MMS for additional analysis ... Democrat Mark Begich said the decision showed that Interior Secretary Salazar and the Obama Administration recognize the importance of Alaska's abundant offshore oil and gas resources, including safeguards for important subsistence resources. (MSNBC -- Environment)
Trican Well Service Ltd. Announces Third Quarter 2009 Conference Call Oct 20, 2009
Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves. Requests for shareholder information should be directed to Dale Dusterhoft or Michael Baldwin. (CCNMatthews Press Releases)
Shell gets conditional OK for Beaufort drilling Oct 20, 2009
The sales were included in the 2002-2007 five-year oil and gas leasing program and were not affected by a court decision on the current leasing program, which sent the 2007-2012 program back to MMS for additional analysis ... Democrat Mark Begich said the decision showed that Interior Secretary Salazar and the Obama Administration recognize the importance of Alaska s abundant offshore oil and gas resources, including safeguards for important subsistence resources. (Orangeburg Times and Democrat, SC)
County will divide school land revenue Oct 20, 2009
The land is leased primarily for agricultural purposes and oil and gas exploration. Income is divided annually between the Brenham and Burton school districts, based on their average daily attendance. (Brenham Banner, TX)
Shell gets conditional OK for Beaufort Sea drilling plan Oct 20, 2009
The federal Minerals Management Service said it will allow Shell to drill for oil and gas in the far western area of Camden Bay, west of Kaktovik, if certain conditions are met ... Begich said the decision showed that the Obama administration and Ken Salazar, the secretary of the Interior who is in charge of the MMS, "recognize the importance of Alaska's abundant offshore oil and gas resources, and it brings us one step closer to environmentally responsible development offshore of Alaska.". (Anchorage Daily News)
GE results stung by weak finance arm Oct 17, 2009
The energy division, which makes wind turbines as well as oil and gas equipment, had a profit of $US1. 6 billion on revenues of $US8. (Sydney Morning Herald -- Business)
Commercial Announces Mezzanine Financing Oct 16, 2009
The Company represents 450 leading manufacturers and serves over 11,000 customer accounts within a broad cross-section of industries, including oil and gas, forestry, food processing, chemical processing, mining and aggregate, utilities, agriculture and construction. Commercial trades under the symbol "CSA" on the Toronto Stock Exchange. (CCNMatthews Press Releases)
EPA Cracks Down on Texas Polluters Oct 15, 2009
"If there is a cost associated with it, it is very likely that it could cost the consumer more," said Debbie Hastings, vice president for environmental affairs for the Texas Oil And Gas Association, whose members provide about 25 percent of the nation's gasoline supply and include industry giants including Exxon Mobil Corp. and ConocoPhillips ... The oil and gas industry provides about 190,000 Texas jobs and paid about $10 billion in state and local taxes and royalties last year, according to... (CBS News)
Toro buys product line from Ty-Crop Oct 15, 2009
In addition to top-dressing and material-handling equipment, Ty-Crop also makes trailers and oil and gas products that were not included in Toro s acquisition. Privately-held Ty-Crop is based in Rosedale, British Columbia. (Twin Cities Business Journal, MN)
Arctic to be 'ice-free in summer' Oct 15, 2009
" According to Professor Wadhams, faster shipping and easier access to oil and gas reserves were among short-term benefits of the melting. But in the longer-term, losing a permanent feature of the planet risked accelerated warming, changing patterns of circulation in the oceans and atmosphere, and having unknown effects on ecosystems through the acidification of waters. Pen Hadow and his companions Ann Daniels and Martin Hartley endured ferocious weather - including a wind chill of minus 70 -... (BBC News -- Europe)
Colo. gov touts 'new energy economy' at conference Oct 14, 2009
Ritter spoke Tuesday on the last day of the Association for the Study of Peak Oil and Gas conference in Denver. Subscribers to the "peak oil" theory say the world is at or near its maximum oil production and that demand will soon eclipse supply levels. (Fresno Bee -- Business)
Glen Rose Petroleum Corporation NASDAQ Notice Relating to Number of Audit Committee Members Oct 14, 2009
The risks and uncertainties include our limited capital resources and limited access to financing and the risks and uncertainties inherent in oil and gas exploration, production, and development, and market conditions, particularly energy prices, demand for oilfield equipment and services, and potential operational difficulties. Glen Rose Petroleum Corporation assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do... (Primezone Releases)
China and Russia signed 12 agreements, including agreements on natural gas and oil, as the premiers of the two countries held their 14th regular meeting in Beijing on Tuesday. • Russia, China work on gigantic oil, gas co-op project Oct 14, 2009
BEIJING, Oct. 13 (Xinhua) -- Russian Prime Minister Putin said here on Tuesday that Russia and China are working on a huge oil and gas cooperation project. In an exclusive interview with Xinhua, Putin said the two countries have signed a 20-year oil supply agreement and laid more than 2,000 kilometers of crude oil pipelines for this. (Xinhuanet, China)
Warren Resources Announces Third Quarter 2009 Production and Provides Operations and Guidance Update Oct 14, 2009
Warren announced that oil and gas production for the third quarter of 2009 was 2 ... Some factors that could cause actual results to differ materially from those in the forward-looking statements, include, but are not limited to, the timing and extent of changes in oil and gas prices, the timing and results of drilling and other development activities, the availability and cost of obtaining drilling equipment and technical personnel, risks associated with the availability of acceptable... (Primezone Releases)
The Artic: Mirror, mirror on the wall Oct 14, 2009
In the open waters once covered by ice, resource companies see new access to oil and gas, traders see handy routes from Europe to Asia, governments see possible new borders and military leaders see the need for new equipment and troops. The confusion only grows when representatives of these diverse forces from Canadian admirals to German shipping firms head in increasing numbers to the high north, as happened this summer and early autumn. (The Economist)
Perisai in JV for MOPSU ops Oct 13, 2009
Perisai said it would be able to strengthen its position in the business and operations of oil and gas industry in the Asia-Pacific region where the joint-venture company operates. The collaboration also allows the company to achieve its long-term objective to become a one-stop support centre for the development of marginal fields and deepwater activities. (The Star Online, Malaysia -- Business)
Russia and China sign trade deals Oct 13, 2009
Oil and gas are the Russian commodities that China wants most ... It is hoping to sell more oil and gas to China - the world's second-biggest energy user ... The heart of the relationship is Beijing's thirst for Russian energy - oil and gas make up more than half of Russian exports to China. (BBC News -- Asia-Pacific)
Historic recycling plant opened in McKinney Oct 13, 2009
Its not bad to drill for oil and gas and coal, as long as we conserve and protect the environment and do it in an environmentally friendly way. . (McKinney Courier-Gazette, TX)
How to tax the wind? Oct 13, 2009
That compares to Wyoming's 6 percent severance tax on oil and gas, and 7 percent severance tax on coal. Even under a full build-out of current wind energy proposals in the state, the tax would likely generate less than $50 million in state revenue annually, according to Schiffer. (Casper Star-Tribune, WY)
Kenya: Oil Drilling Begins in Two Weeks Oct 13, 2009
"For many years, Kenya has been part of the neglected East African exploration frontier. However, in the last five years, we have intensified the search for oil and gas in all our sedimentary basins," said Mr Murungi ... Vice-President Kalonzo Musyoka, who represented President Kibaki at the opening ceremony, said it was projected that oil and gas would account for two thirds of global energy consumption by 2020. (allAfrica.com)
Russia and China eye $5.5bn deals Oct 12, 2009
Oil and gas are the Russian commodities that China wants most ... The deals may lead to Russia selling more oil and gas to China - the world's second-biggest energy user ... The heart of the relationship is Beijing's thirst for Russian energy - oil and gas make up more than half of Russian exports to China. (BBC News -- Asia-Pacific)
New Mexico oil and gas drilling plummets Oct 12, 2009
New Mexico s oil and gas producers are used to cyclic ups and downs, but operators say the current slump is the worst they ve seen in decades ... The overzealous and out-of-control regulatory environment makes it very tough to do business in New Mexico, said Bob Gallagher, president of the New Mexico Oil and Gas Association. (New Mexico Business Weekly, NM)
Solar Power Outshining Colorado's Gas Industry Oct 11, 2009
In addition, about 6,000 residents who own the mineral rights beneath their property get a monthly royalty check from the companies harvesting oil and gas. "Solar cannot do that. Wind cannot do that," said Zeller, whose mother is one of the royalty recipients. (Time.com)
Oil giant Conoco Phillips to slash spending Oct 10, 2009
The Houston-based oil giant with major operations in Alaska said the moves will improve its financial position and help reduce debts, noting asset sales could include oil and gas properties and oil refineries ... Conoco and other major oil and gas companies are grappling with a recession-fueled pullback in energy demand and weaker oil and natural gas prices ... Gheit said the timing isn't the best for putting oil and gas assets on the block, especially with low valuations in the battered... (Anchorage Daily News)
Delta Closes First Tranche Financing with the MineralFields Group and Others Oct 9, 2009
MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities. About Delta Uranium Inc.. (CCNMatthews Press Releases)
Mistras Group to offer 8.7 million shares, raising up to $139 million, at IPO Thursday Oct 8, 2009
The oil and gas sector accounted for 58 percent of Mistras' $209 ... "We continue to diversify our customer base into industries other than the oil and gas industry, but we may not be successful in doing so," the company said ... "If the oil and gas industry were to suffer a prolonged or significant downturn, our operating performance may be significantly harmed.". (FOX61, CT)
Marines in Afghanistan: A Day in the Life Oct 7, 2009
If we could keep developing countries from acquiring oil and gas we could slow or stop their economic growth. We live in a world of limited resources so the less they have the more we have. (CBS News)
Obama Will Make Up Own Mind on Afghanistan Oct 7, 2009
Afghanistan DOES have some Oil and Gas, but it's main importance was in the construction of a pipeline to bring Oil from Iran and Iraq to port, with total control over the entire monopoly, from start to finish, well to tanker. I would have to advise against quitting your day job for a career in mind reading. (CBS News)
Shock fall in industrial output Oct 7, 2009
Some oil and gas plants were closed for maintenance work in August ... There was a decrease in oil and gas production of 7. (BBC News -- Business)
Iridium Returns from the Space of Disgrace Oct 7, 2009
That includes airspace, the sea, and mountaintops places where the military, defense contractors, and companies involved in shipping and logistics or oil and gas exploration will pay dearly for ways to communicate. The U.S. military is Iridium's largest customer, accounting for about 21% of revenues and 9% of its user base. (BusinessWeek)
Crown Point Ventures Ltd. Completes Its Second Oil Well in Argentina and Provides a Production Update on Its First Oil Well Oct 6, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2009) - Crown Point Ventures Ltd. (the "Company") (TSX VENTURE: - ) advises that it has successfully completed its second well as a dual zone oil and gas well. The EVx-21 well was drilled as part of a three well program in the El Valle field, in the Golfo San Jorge Basin in Argentina. (CCNMatthews Press Releases)
A drive to learn Oct 6, 2009
The new Petroleum Safety and Technology Center will be training people for a job as important to oil and gas companies as the workers out in the fields, people that if they didn't have they wouldn't be able to get supplies in and out of the area. These people are truck drivers with Commercial Drivers Licenses. (Williston Daily Herald, ND)
What can be done with wastewater? Oct 4, 2009
Pennsylvania is at the forefront of the nation's gas drilling boom, with at least 4,000 new oil and gas wells drilled here last year alone, more than in any other state except Texas ... Oil and gas wells disgorge about 9 million gallons of wastewater a day in Pennsylvania, according to industry estimates used by the DEP. By 2011 that figure is expected to rise to at least 19 million gallons, enough to fill almost 29 Olympic-sized swimming pools every day ... Steve Rhodes, president of the... (Pittsburgh Post-Gazette, PA)
Africa: Heavy Vehicle Market Taking Off on Continent [interview] Oct 2, 2009
Medvedev's visit in June this year has provided an added impulse for the Machinery and Industrial Group, a leading producer of facilities and spare parts for light and heavy engineering and off-road machinery, to find markets for its trucks in sectors such as oil and gas, agriculture, construction and road-building sectors as well as mining, metallurgy, transport and defence industries. In this interview Albert Bakov, first vice-president of Machinery and Industrial Group (also known as Concern... (allAfrica.com)
Hancock offers Career Exploration Day Oct 2, 2009
Experienced welders are making more than 25 an hour working on oil and gas pipelines. This week, more than 58 vendors from a wide variety of industries, representatives of 27 Hancock programs and 1,500 individuals will meet at Career Exploration Day. (Lompoc Record, CA)
Grant allows Travis students to conserve stretch of coastline Oct 1, 2009
Money to fund the grants came from a 2008 donation by EnCana Oil and Gas (USA) Inc. to the TPWD.. Article Rating. (Port Lavaca Wave, TX)
AGL, SOL still at odds? Oct 1, 2009
We think we provide a valuable service to the oil and gas industry ... " My 2 Cents wrote on Sep 21, 2009 12:41 PM:" AGL is not looking to assist the Oil and Gas industry with this project ... If the Oil and Gas industry thought it was feasible and safe to store natural gas in salt domes, dont you think this would have been done that right after Texaco drilled a hole in the Jefferson Island salt mine. (New Iberia, LA)
Golden Aria Corp. Announces Symbol Change and Stock Restructure Sep 26, 2009
It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that expected oil and gas production will actually materialize; and thus no... (Primezone Releases)
