latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM COMMENCES EXPLORATION DRILLING IN SUDAN BLOCK 5B
The exploration well Nyal-1, with a planned depth of 2,100 metres, will target
the Upper to Lower Cretaceous sandstone reservoirs that have proved highly
productive in other producing fields in the Muglad Basin. The gross unrisked
recoverable prospective resource for the Nyal prospect is estimated at 176
million barrels of oil (mmbo).
In parallel, preparations for the start of the “swamp” area drilling campaign
with the first exploration well Wan Machar-1 (previously Umm Dandalo) are
RxPC Inc. Reduces Membership Fees, Assists Uninsured to Live a Healthier Life
TAMPA, Fla., Feb. 12, 2008 (PRIME NEWSWIRE) -- RxPC Inc. announced today it reduced the monthly membership fee to $9.95 until February 24th 2008. The agreed member price is normally $19.95 per month and new members can sign up online at www.rxpcinc.com. This represents a significant savings as we work to increase our membership base.
State Bank Corp.
State Bank Corp. Reports Results for the Fourth Quarter and Full Year 2007
LAKE HAVASU CITY, Ariz., Feb. 12, 2008 (PRIME NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ), the holding company for Mohave State Bank, announced 2007 fiscal year net income of $5.52 million, a decline of 2.3% from the $5.65 million reported for fiscal year 2006. Earnings per diluted share of $1.42 compare with $1.46 for 2006, down 2.7%. For the fourth quarter of 2007, net income was $1.26 million, a 16% decrease from the $1.50 million reported for the fourth quarter of 2006; fourth quarter 2007 diluted earnings per share were $0.33 compared to $0.39 for the prior-year fourth quarter. Year-over-year comparisons reflect only modest changes in earnings; for both periods, the impact of solid loan growth was offset by contraction of the net interest margin and higher expense levels associated with investments in infrastructure. Quarter-over-quarter earnings were negatively impacted by year-end accrual adjustments.