latest news releases from the newsroom
Running Fox Resource Corp.
Update on Running Fox's First Pincher Creek Natural Gas Well
VANCOUVER, Nov. 24, 2005 (PRIMEZONE) -- Steven Schurman, CEO, on behalf of the Board of Directors reports that Running Fox Resource Corp. is pleased to announce the latest results from the farm-in Pincher Creek horizontal development well. Production rates of over 5 mmscf/d of raw production were achieved during the test period. In the opinion of the operator, after testing the well over a sustained period, the long-term raw gas deliverability is approximately 3 mmscf/d without compression. The flowing pressure during testing was 320 psig at the wellhead. In addition, the liquids yield varied between 10 and 30 barrels per million of raw gas during the test period. This represents between 30 and 90 barrels per day of condensate rich liquids. The net sales gas is calculated after taking 30% shrinkage on the gas due to the effects of CO2, H2S and liquids.
TeliaSonera Comments on Lifted Interim Measures on Turkcell Holding Shares
STOCKHOLM, Sweden, Nov. 24, 2005 (PRIMEZONE) -- The International Court of Arbitration in Geneva is handling the arbitration between TeliaSonera and Turkish Cukurova Group on the agreement entered into in March on the sale of Cukurova's 27 percent indirect holding in Turkcell Iletisim Hitzmetleri A.S. The arbitration tribunal decided on 24 October to issue an interim order prohibiting Cukurova to transfer the disputed shares in a way that would prevent Cukurova from transferring the shares to TeliaSonera, should the tribunal decide in TeliaSonera's favor. That order has now been lifted at TeliaSonera's request.
Extraordinary General Meeting for KLIPPAN
KLIPPAN, Sweden, Nov. 24, 2005 (PRIMEZONE) -- At an extraordinary general meeting for KLIPPAN AB, five new board members and three new members of the company's nomination committee were elected.
Golar LNG - Q3 2005 Results November 29, 2005
OSLO, Norway, Nov. 24, 2005 (PRIMEZONE) -- Golar's 3rd Quarter 2005 results will be released Tuesday, November 29, 2005. In connection with this a webcast presentation will be held at 03.00 P.M GMT followed by Q&A session. The presentation will be available to download from the Investor Relations section at www.golarlng.com.