latest news releases from the newsroom
Montana Oil & Gas, Inc.
Montana Oil and Gas Announces Preparation of Next Drill Project at Sylvan Lake, Alberta
VANCOUVER, British Columbia, Nov. 12, 2004 (PRIMEZONE) -- Montana Oil and Gas, (Pink Sheets:MOGI) is pleased to announce that its cash call for its Sylvan Lake drill program has been paid. Energy 51, the operator, advises that the initial well for the Sylvan lake development drilling program will spud within 2 weeks. The Company will announce the drilling program details when it is underway. Montana Oil and Gas has a 25% working interest in the project. The initial well is a 7,200-foot Peskisko Sand test that is prospective for oil and gas. It is expected to take approximately 10 to 12 days to drill and test the initial well. Each development well has probable production of 150 barrels of oil per day and 750 million cubic feet gas per day with reserves in excess of 1 billion cubic feet gas and 300,000 barrels of oil. There are four other pay zones that are prospective for gas. The average well in the Sylvan Lake Field has produced 500 barrels of oil per day with over one million cubic feet of gas per day. If successful, the company intends to drill up to 4 more wells on these land sections.
Fortune Real Estate Development
Fortune Condo Sales Over $500,000 in First Two Road Shows
ORLANDO, Fla., Nov. 12, 2004 (PRIMEZONE) -- Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) has announced that it is currently finalizing over $500,000 in condo sales resulting from its first two presentations in Florida last week. This campaign is designed to promote the company throughout the U.S. and to educate investors about the plans and direction of the company.
Gestamp acquires SSAB HardTech
STOCKHOLM, Sweden, Nov. 12, 2004 (PRIMEZONE) -- The Spanish company Gestamp Automocion acquires SSAB's subsidiary SSAB HardTech for an enterprise value of SEK 1,425 million.
Management appointments within SCA
STOCKHOLM, Sweden, Nov. 12, 2004 (PRIMEZONE) -- Group's European tissue operations are being combined into a single business group. Managers appointed for the new Americas and Asia business Groups.