latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM INCREASES RESERVES TO 184.2 MMBOE
Proven and Probable Reserves at 1.1.2007 176.4
2007 Production (estimated) -12.4
Reserve Additions (excluding acquisitions) +18.4
Proven and Probable Reserves at 1.1.2008 184.2
Reserve increase 12%
Reserve replacement ratio* 148%
*As per industry standards the reserve replacement ratio is defined as the
ratio of re
Lundin Petroleum AB
LUNDIN PETROLEUM CAPITAL EXPENDITURE BUDGET OF USD 725 MILLION IN 2008
In 2008 Lundin Petroleum will continue its major investment programme in
exploration activities with a budget of USD 350 million. The work programme
will involve drilling 13 exploration wells and three appraisal wells. The
exploration wells (excluding Vietnam and Congo) will target 1.2 billion barrels
of net unrisked oil equivalent reserve potential and 360 million barrels of net
risked oil equivalent reserve potential. This compares to Lundin Petroleum’s
current certified proven and probable re
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces the Investigation of Heart Surgery Drug Trasylol
SEATTLE, Jan. 7, 2008 (PRIME NEWSWIRE) -- Keller Rohrback L.L.P. announces that it is investigating claims by heart surgery patients that have suffered kidney failure, a heart attack, or a stroke as a result of being given Trasylol (aprotinin injection), a heart surgery drug. Pressured by regulators around the world, including the U.S. Food and Drug Administration, on November 5, 2007, Bayer A.G. agreed to a phased withdrawal of Trasylol from the United States market. If you or someone you know may have been injured following heart surgery as a result of being given Trasylol, please contact attorney Michael Woerner for a free consultation toll free at 800/776-6044.
WCI Communities, Inc.
WCI Obtains Bank Covenant Waiver Extension
BONITA SPRINGS, Fla., Jan. 7, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI), a leading builder of traditional and tower residences in highly amenitized lifestyle communities, today reported that the limited waiver of performance under the Fixed Charge Coverage covenant of the Senior Secured Revolving Credit Agreement (Credit Facility), and the Term Loan Agreement (Term Loan), that was previously granted by its banks on November 7, 2007 and subsequently extended on December 7, 2007 to January 7, 2008, has now been extended to January 16, 2008. During this new extended waiver timeframe, we expect to finalize discussions regarding the anticipated longer-term amendment that would provide financial flexibility, including modification of the fixed charges coverage covenant, and obtain approval of lenders participating in these facilities.
Lindora Reaches Out to Dieters Left Stranded by Pure Weight Loss Center Closures
COSTA MESA, Calif., Jan. 7, 2008 (PRIME NEWSWIRE) -- In response to Friday's closure of 400 Pure Weight Loss centers, which served thousands of dieters nationwide before filing for bankruptcy, Lindora Medical Clinics is offering discounts on services to those left stranded so that they can continue losing weight safely. Lindora, which operates 38 weight loss centers throughout Southern California as well as an online program, offers a medically supervised form of treatment that has helped thousands of patients achieve their weight loss goals safely since 1971.
MBT Financial Corp.
MBT Financial Corp. Announces Credit Related Charges and Schedule for Earnings Release and Conference Call
MONROE, Mich., Jan. 7, 2008 (PRIME NEWSWIRE) -- MBT Financial Corp. (Nasdaq:MBTF) announced today that it increased its provision for loan losses to $4.9 million in the fourth quarter of 2007. This is compared to a provision of $1 million in the third quarter of 2007 and $1.2 million in the fourth quarter of 2006. The Company also recorded a charge of $600,000 to write down the value of other real estate owned.