latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM CONFIRMS SIGNIFICANT OIL DISCOVERY IN NORWAY
The objective was to prove petroleum in the Luno prospect in Jurassic reservoir
rock. Light oil was proven in a clastic (sandstone) reservoir of this age. The
size of the discovery is estimated at between 65 mmboe and 190 mmboe of
recoverable oil. The potential reserves estimate only includes reserves in the
Jurassic reservoir with additional upside potential from the Triassic reservoir
which was penetrated by the well.
The well has not been tested but extensive acquisition of data and sample
FindEx.com Announces Sale of Its Membership Plus Product Line
OMAHA, Neb., Oct. 24, 2007 (PRIME NEWSWIRE) -- FindEx.com, Inc. (OTCBB:FIND) announced today the sale of its Membership Plus product line to ACS Technologies Group, Inc. of Florence, South Carolina for $1,675,000. The Membership Plus product line centers around church management software designed to serve the unique database, financial management and related productivity tool needs of churches, "para-church" organizations and ministries, and non-profit entities. The specific assets conveyed included, among others, underlying software source code, existing product inventories, online marketing channels, registered trade names, and accounts receivable. Steven Malone, FindEx.com's Chief Executive Officer commented, "We are excited to have completed the sale of Membership Plus. We see this as a first step in our repositioning FindEx into an online focused company and one that will allow us to target growth opportunities geared to a younger and more diverse customer base."
Security Bank Corporation
Security Bank Corporation Announces Third Quarter 2007 Earnings
MACON, Ga., Oct. 24, 2007 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC) today reported quarterly net income of $575,000 for the third quarter ended September 30, 2007, down 92% from third quarter 2006 net income of $6,940,000. Diluted earnings per share for the third quarter of 2007 were $0.03 compared to $0.37 per share for the comparable year ago period. The decrease in diluted earnings per share is primarily attributable to a 66 basis point decline in net interest margin and an $8.2 million increase in provision for loan losses versus the third quarter a year ago. For the nine months ended September 30, 2007 net income decreased 26% to $13.5 million compared to a year ago and on a per diluted share basis decreased 36% to $0.69 versus $1.08 for the comparable year ago period.