latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM SPUDS LUNO APPRAISAL WELL ON PL 338, OFFSHORE NORWAY
Following the Luno oil discovery made in 2007 with estimated resources between
65 mmboe and 190 mmboe of gross recoverable oil from the Jurassic reservoir,
the appraisal well 16/1-10 will target the lateral continuity of the Jurassic
reservoir as well as the upside potential in the Triassic reservoir.
The planned depth is approximately 2,300 metres below mean sea level and the
well will be drilled by using the semi-submersible drilling rig Bredford
Dolphin. Drilling is expected to take approx
Lundin Petroleum AB
LUNDIN PETROLEUM SIGNS NEW PRODUCTION SHARING CONTRACTS IN INDONESIA
The Baronang Block covers an area of approximately 5, 157 km2 and the Cakalang
Block 4,520 km2. Previous drilling activities on the blocks have confirmed the
presence of active petroleum systems in or adjacent to both blocks. Several
prospects and leads have been identified in the blocks from earlier 2D seismic
Lundin Petroleum holds a 100 percent interest in both the Baronang and the
Lundin Petroleum is a Swedish in
Lundin Petroleum AB
LUNDIN PETROLEUM ANNOUNCES LICENCE AWARDS IN THE UK
The awards cover 14 blocks or part-blocks in the Central and North Sea basins.
Several prospects identified have seismic anomalies consistent with hydrocarbon
accumulations in the region.
Lundin Petroleum is a Swedish independent oil and gas exploration and
production company with a well balanced portfolio of world-class assets in
Europe, Africa, Russia and the Far East. The Company is listed at the Nordic
Exchange, Sweden (ticker "LUPE"). Lundin Petroleum has existing proven and prob
FortuNet Reports Third Quarter 2008 Results
LAS VEGAS, Nov. 12, 2008 (GLOBE NEWSWIRE) -- FortuNet, Inc. (the "Company") (Nasdaq:FNET) today announced financial results for the third quarter ended September 30, 2008
Law Offices of Howard G. Smith
Law Offices of Howard G. Smith Announces Investigation On Behalf of Current and Former Employees of the Hartford Financial Services Group
LOS ANGELES, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against Hartford Financial Services Group Inc. ("Hartford" or the "Company") (NYSE:HIG) and certain fiduciaries of The Hartford Investment and Savings Plan (the "Plan"). The investigation focuses on allegations that certain fiduciaries of the Plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") as a result of the Plan's investment in Hartford stock at times when it was imprudent to do so and by the Plan's continuing to offer Hartford common stock as a Plan investment when it was imprudent to do so.
First Horizon National Corporation
First Horizon Msaver and TSYS Healthcare to Lead Panel At HSA Symposium
OVERLAND PARK, Kan., Nov. 12, 2008 (GLOBE NEWSWIRE) -- E. Craig Keohan, president of First Horizon Msaver, Inc., and Mark O'Leary, senior vice president of business development for TSYS Healthcare, are scheduled to lead a panel at the upcoming Health Savings Account Symposium in Miami, Fla., on Nov. 13. Their discussion will focus on the "green" benefits, both financial and environmental, of implementing card-based healthcare programs.
First Advantage Bancorp
First Advantage Bancorp Announces Decision Not to Participate in the Treasury Department's Capital Purchase Program
CLARKSVILLE, Tenn., Nov. 12, 2008 (GLOBE NEWSWIRE) -- First Advantage Bancorp (the "Company") (Nasdaq:FABK), the holding company for First Federal Savings Bank (the "Bank"), announced today that its Board of Directors has determined not to participate in the Treasury Department's Capital Purchase Program (CPP), which is part of the broader Troubled Asset Relief Program (TARP) initiative. In November 2007, the Company raised net proceeds of $51.2 million from the sale of its common stock in connection with the Bank's conversion from the mutual to the stock form of organization. At September 30, 2008, the Bank's Tier 1 Core Capital ratio was 13.0% and its total risk based capital ratio was 22.8%. Additionally, First Advantage Bancorp has approximately $25.0 million in capital which is not included in the Bank's capital ratios. First Advantage Bancorp's common shareholders' equity to assets was 20.8% as of September 30, 2008.
Hallmark Financial Services, Inc.
Hallmark Financial Services, Inc. Announces Third Quarter 2008 Earnings Results
FORT WORTH, Texas, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (Nasdaq:HALL) today reported net income of $0.6 million for the third quarter of 2008 compared to $6.8 million reported for the third quarter of 2007. Year to date, Hallmark reported net income of $15.3 million compared to $20.6 million reported for the first nine months of 2007. On a fully diluted basis, net income was $0.03 per share and $0.73 per share for the third quarter and nine months ended September 30, 2008, as compared to $0.33 per share and $0.99 per share for the similar periods of 2007. Total revenues were $65.0 million and $208.5 million for the third quarter and first nine months of 2008, representing a 10% decrease and a 2% increase from the $72.6 million and $205.3 million reported for the similar periods of 2007.