latest news releases from the newsroom
SeaDrill (SDRL) -- Acquisition
HAMILTON, Bermuda, July 22, 2005 (PRIMEZONE) -- SeaDrill Limited has today entered into agreements with an investment company to purchase between 32% and 37% of the enlarged share capital of PT Apexindo Pratama Duta Tbk for a maximum investment amount of USD 65 million, pursuant to the latter's upcoming rights issue plan. SeaDrill will, as part of the agreement, take over and subscribe for a majority of the rights in the rights issue. Apexindo will issue 837,600,000 shares in the rights issue resulting in 2,582,600,000 shares outstanding post rights. In addition, SeaDrill and Apexindo have signed a Memorandum of Understanding to enter into an agreement enabling SeaDrill to use Apexindo's services to market and operate SeaDrill's offshore rigs in the Middle East and Asia, with main focus on the Indonesian market. SeaDrill has accumulated a substantial fleet of high spec jack-up drilling rigs including a total of four jack-up rigs presently under construction in Singapore. Apexindo has a 20-year track record of operating rigs safely and efficiently for international oil companies.
m-Wise Retains The Anne McBride Company to Provide an Integrated Investor Relations and Financial Media Campaign
WILMINGTON, Del., July 22, 2005 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that The Anne McBride Company, Inc., has been retained to provide an integrated investor relations financial media program.
BICO Resumes Trading on the OTC Bulletin Board
DOVE CANYON, Calif., July 22, 2005 (PRIMEZONE) -- BICO, Inc. (OTCBB:BIKO), a distributor of Internet appliances and an advertising and content publisher, primarily focused on the multi-housing and hospitality industries, announced today that it is again trading on the OTC Bulletin Board.
Golden Patriot Corp.
Golden Patriot, Corp. Reports that Uranium Samples are Now at Lab for Analysis
NEW HYDE PARK, N.Y, July 22, 2005 (PRIMEZONE) -- Golden Patriot, Corp. (OTCBB:GPTC) is extremely pleased to announce that it has been informed by the operator that the initial phase of sampling has been completed on the Lucky Boy Uranium Prospect in Arizona. These samples have been shipped to the SGS laboratories in Toronto for analysis. According to Ashworth Explorations Ltd., the operator, "From June 16th to July 7th, including mobilization and de-mobilization, the field crew consisting of 6 geo-technicians and 1 geologist, have been working on the Lucky Boy Property south of Globe, Arizona. Work consisted of establishing a GPS control grid of 50 m line spacing and 50 m station points. Approximately 600 station points have been sampled using a proprietary geochemical sampling method called MMI (Mobile Metal Ion) from Australia. This proven technology has led to the discovery of many unseen ore bodies and it is GPTC aim to discover through this geo-chemical method along with radiometric surveys (scintillometer and radon gas detection) extensions of the existing ore body and new deposits on the Lucky Boy claims. Contingent upon all results the project geologist, along with Dr. Joe Montgomery, will decide where the drill holes will be spotted. This drill program should be ready to proceed in the fall of this year."
Occidental Petroleum Corp.
Occidental Petroleum Announces Second Quarter Earnings
LOS ANGELES, July 22, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced net income for the second quarter 2005 of $1.536 billion ($3.82 per share), compared with $581 million ($1.48 per share) for the second quarter 2004. Included in the second quarter 2005 net income are the benefits of two previously announced transactions -- a $619 million tax benefit related to the resolution of certain IRS tax issues and an $89 million after-tax gain from the sale of 11 million shares of Lyondell Chemical Company. Core earnings for the second quarter were $851 million ($2.12 per share), compared with $584 million ($1.49 per share) for the same period in 2004.