latest news releases from the newsroom
Eagle Environmental Technologies Ltd
Eagle Environmental Technologies Ltd. Increases Oil Production
RENO, Nev., March 7, 2005 (PRIMEZONE) -- John Bowles, Eagle Environmental Technologies (Pink Sheets:EGVR) Public Relations Consultant, announced effective March 7, 2005, Eagle increased the production on the Siler Lease by adding two additional wells to the production line. Brian Wilmot, CEO of Eagle stated, "With the surge in oil prices, Eagle decided to get the wells into production as quickly as possible. We still have over 100 more wells in this Siler field to bring up to operating standards, but the new production amounts are exceeding 55 barrels per day. Our target production level is 1000 barrels per day at this lease." Eagle is keeping its production costs at approximately at 20% of revenue or less per month after all royalties are paid.
AB Volvo repurchased 665,000 B shares and 10,000 A shares during last week
GOTEBORG, Sweden, March 07, 2005 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, during February 28-March 4, acquired a total of 665,000 series B shares and 10,000 series A shares.
Annual General Meeting of AB Volvo
GOTEBORG, Sweden, March 7, 2005 (PRIMEZONE) -- AB Volvo's Annual General Meeting will take place on Tuesday, April 12, 2005 at 4.00 PM at Eriksbergshallen in Goteborg with address Maskingatan 11, Eriksberg.
Occidental Petroleum Corp.
Occidental Signs New Exploration Contracts in Libya
LOS ANGELES, March 6, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced that the company and its partners have signed contract agreements with Libya's National Oil Company for nine exploration blocks awarded in the EPSA-4 oil and gas licensing round in January. Preliminary work on the blocks, which encompass an area in excess of 46,000 square miles (77,000 square kilometers), is already under way.