latest news releases from the newsroom
Ultrapetrol (Bahamas) Limited
Ultrapetrol Reports Financial Results for Fourth Quarter and Full Year 2007
NASSAU, Bahamas, March 14, 2008 (PRIME NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in four markets (River Business, Offshore Supply Business, Ocean Business and Passenger Business), today announced financial results for the fourth quarter and full year ended December 31, 2007.
Kahn Swick & Foti, LLC
Investor 24-hour Alert: March 14, 2008 Last Day for CellCyte Genetics Corp. Shareholders to Request Lead Plaintiff Position in Securities Class Action Lawsuit
NEW ORLEANS, March 14, 2008 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of CellCyte Genetics Corporation common stock ("CellCyte" or "the Company") (OTCBB:CCYG) who purchased shares between April 6, 2007 through January 9, 2008, inclusive (the "Class Period"), have only until March 14, 2008 to move for appointment as lead plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Western District of Washington. No class has yet been certified in this action.
Lundin Petroleum AB
LUNDIN PETROLEUM SELLS THE JOTUN FIELD OFFSHORE NORWAY
Lundin Petroleum has agreed to sell its 7 percent unitized interest in the
Jotun oil and gas field to Det norske oljeselskap for 72 million Norwegian
Kroner (MNOK) with an effective date of 1 January 2008.
The Jotun field is located offshore Norway, started production in 1999 and is
producing to the Jotun FPSO via 12 development wells. The proven and probable
reserves (2P) net to Lundin Petroleum in Jotun was 0.9 mmboe as at 1 January
2008 with no associated contingent resources attributable
Lundin Petroleum AB
LUNDIN PETROLEUM COMMENCES EXPLORATION DRILLING OF WAN MACHAR-1 IN BLOCK 5B, SUDAN
The well, with a planned depth of 1,700 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 Wan Machar prospect is estimated at 1,542 million
barrels of oil (mmbo).
The partners in Block 5B are Petronas Carigali White Nile (5B) Ltd ("Petronas")
(39%), Lundin Petroleum (24.5%), ONGC Videsh Ltd (23.5%) and Sudapet Ltd (13%).