latest news releases from the newsroom
Eagle Environmental Technologies Ltd
Eagle Environmental Technologies Ltd. Re-Starts Its Oil Wells
RENO, Nev., Nov. 8, 2005 (PRIMEZONE) -- Brian Wilmot, Eagle Environmental Technologies' (Pink Sheets:EGVR) CEO, announced that the wells in its Siler lease have received the necessary clearance from the RailRoad Commission, Oil and Gas Division in Texas, to begin production and sales. The production had been held up as the company completed several well tests to assure integrity of the wells and safety of the equipment. "It was a normal requirement of the State to test non-operating wells, but with the number of non-operating wells received as part of our original purchase, it took much longer than anticipated," stated Wilmot. There are more wells to test, but they will be done in succession as we continue to develop the field. Early field reports indicate that additional oil zones may be available for development using the same well hole as the current zone in production. This would greatly enhance overall production without a significant additional cost. Additional zone development could push average oil recovery to over 10 barrels per day per well.
Autoliv Signs $1.1 Billion 7 Year Revolving Credit Facility
STOCKHOLM, Sweden, Nov. 8, 2005 (PRIMEZONE) -- Autoliv Inc. -- the worldwide leader in automotive safety -- has signed a new $1.1 billion seven year multi-currency revolving credit facility agreement with a group of 15 banks. The loan is for general corporate purposes including the refinancing of existing syndicated facilities amounting to $850 million. The loan margin of the facility has been significantly reduced to 0.175% p.a. over LIBOR from 0.425% given Standard and Poor's rating of A-. The margin reduction is due to both general market conditions and Autoliv's strong cash flow and balance sheet development. The loan margin will be stepped up to 0.20% during the last two years of the facility.
Saab Ericsson Space Computer Heading for Venus
LINKOPING, Sweden, Nov. 8, 2005 (PRIMEZONE) -- When ESA's Venus Express satellite starts its five months travel to Venus from Baikonur in Kazakhstan November 9, a Saab Ericsson Space computer and antenna will be used to control the spacecraft.
Interim Report Industrivarden January 1 -- September 30, 2005
STOCKHOLM, Sweden, Nov. 8, 2005 (PRIMEZONE) -- Industrivarden's net asset value was SEK 45,635 M on November 4, 2005, compared with SEK 36,563 M at the start of the year, entailing an increase of SEK 9,072 M for the year to date. Net asset value on September 30, 2005, was SEK 45,744 M (34,740).
The Shareholders of Eniro AB Approve the Acquisition of Findexa
OSLO, Norway, Nov. 8, 2005 (PRIMEZONE) -- On 26 September 2005, Findexa Limited ("Findexa") and Eniro AB ("Eniro") announced that they had reached agreement on the terms of a recommended acquisition by Eniro to acquire the entire share capital of Findexa. The acquisition is inter alia conditional on approval by the shareholders of Findexa and Eniro.