longtime no posting,,,getting emails on this one...what-up????? new deal here ??????
Lundin Spuds Ornen Prospect, Barents Sea
Lundin Petroleum has commenced the drilling of exploration well 7130/4-1 in the Ornen prospect, located in PL708, Barents Sea.
The reservoir is expected to consist of Upper Permian carbonates. The Ornen prospect is estimated to contain gross unrisked prospective resources of 354 MMBOE.
The well will be drilled by the semi-submersible drilling unit Transocean Artic to a planned total depth of approximately 2,630m below mean sea level. The drilling operation is expected to take approximately 60 days....
For more: http://www.1derrick.com/lundin-spuds-ornen-prospect-barents-sea/16999/
Worlds Largest Yacht Feadship Christened Savannah -
Rosneft in Search for a New Partner on the Shelf -
Rosneft in Search for a New Partner on the Shelf
Oil major Rosneft is looking for a partner to develop a section of the Black Sea shelf. The company earlier dismissed Total as a partner in the project. Now Statoil an ExxonMobile are high on Rosneft’s list.
Rosneft is still interested in working on the shelf of the Azov and Black Seas, the oil producer’s first vice-president Sergey Kudryashov said Thursday in an interview published on Rosneft’s corporate web-site. The company is currently collaborating with LUKOIL, drilling the first well in the Temryuk-Akhtarsk sector of the Azov Sea shelf. In the Black Sea, Rosneft has been holding a license for the Tuapse progib section since 2003 but has not gone far with it. The oil firm is now looking for “ways to speed up the project” and shopping around for partners, Mr. Kudryashov said. Rosneft on Thursday would not give details on the list of possible partners.
The 12,000 sq. km Tuapse progib stretches from Novorossiysk to Tuapse. The section’s oil reserves are estimated at 100 million metric tons.
Having won the license for the section in 2003, Rosneft declared plans to develop it with France-based Total. The parties, however, failed to reach any agreement following a trail over another project of Rosneft where Total also had its interest.
Rosneft is currently looking for a major Western company to join it in the Tuapse progib, a Kommersant source says. ExxonMobile, which is working with Rosneft in the Sakhalin-1 project, said they were examining the possibility but would not give any details. A source of Kommersant has reported that Norway’s Statoil has also received an offer to work in the Tuapse section.
Under the license agreement, Rosneft is to drill the first well in the section before 2010, which will be extremely difficult and costly to do. “Rosneft wants to share risks and cost,” says Valery Nesterov from Troika Dialog says. “It does not operate any shelf project on its own.”
All the Article in Russian as of Mar. 02, 2007
Russia Cuts Crude Export Duty // News (Mar. 01, 2007) Hugo's Mirror // Opinion (Feb. 28, 2007) Boss of the Barrels // Documents (Feb. 28, 2007) Iraq Shares Oil Riches // News (Feb. 28, 2007) The Agreed Leadership // News (Feb. 26, 2007)
Spy widow points finger at Russia -
Mrs Litvinenko said her husband had been a
"very good friend"
The widow of former KGB agent Alexander Litvinenko
has said she believes the Russian authorities could
have been behind his murder.
Marina Litvinenko, 44, told the Mail on Sunday:
"Obviously it was not Putin himself, of course not."
But she said what President Putin
"does around him in Russia makes it possible to kill
a British person" in Britain.
Two Metropolitan Police officers have tested positive
for traces of radioactive substance polonium-210.
Mrs Litvinenko said she had confidence UK police
would find her husband's killer, but would not
help Russia's planned probe.
She told the Mail on Sunday Russian authorities
had not yet been in touch with her.
We were both completely sure he would recover
"I do not think I will help them with their
investigations," she said.
"I can't believe that they will tell the truth.
I can't believe if they ask about evidence they
will use it in the proper way."
Mr Litvinenko died in a London hospital on 23 November
after being poisoned by polonum-210.
The Metropolitan Police said two of the 26 police
officers closely involved in the subsequent inquiry
had tested positive for traces of the substance.
It said the polonium traces were "relatively small"
and were "below defined safety limits".
Both officers are being monitored by health
Mr Litvinenko's widow said he had alienated the FSB
Mrs Litvinenko also told the Mail on Sunday her husband's
last words to her were: "Marina, I love you so much."
She also said she and "Sasha", as her husband was known
to family and friends, had been convinced
he would recover.
"Even until the last day, and the day before when he
became unconscious, I thought he would be okay...
"We had been talking about bone-marrow transplants
and looking to the future."
Mrs Litvinenko said the couple's 12-year-old son had
found his father's death "very difficult", but he
had been trying to comfort his mother.
Friends of Mr Litvinenko believe he was poisoned
because of his criticisms of the Russian government,
but the Kremlin has dismissed suggestions it was
involved in any way.
After Mr Litvinenko's death Kremlin spokesman
Dmitry Peskov said: "We don't consider it possible to
comment on the statements accusing the Kremlin because
it is nothing but sheer nonsense."
Russia's foreign intelligence service has also issued
a statement denying any involvement.
Mrs Litvinenko told the Sunday Times she had decided
to speak out after some "completely untrue" reports
suggested her husband was a man of dubious character.
She told the paper he had been an honest man and a
crime fighter rather than a spy.
She said her husband's public claims about his former
employers at the FSB, Russia's secret police, had
Speaking on BBC One's Breakfast AM, Vladimir Bukovsky,
a Soviet dissident and a close friend of
Mr Litvinenko's, said it was "clear" the Russian
authorities were behind the poisoning.
He said a law had been passed in Russia earlier this
year enabling the president "to eliminate his
particular enemies anywhere, including outside of
Mr Bukovsky said the definition of "enemies" included
anyone engaged in libellous criticism of
the Russian administration.
He added: "Right as the law was passed the number two
in the Kremlin hierarchy the Minister of Defence
Sergei Ivanov made a statement saying that the
list of potential targets was already composed.
"Now what else do you need? Then followed the murder
of Anna Politkovskaya and Alexander Litvinenko
and there will be others to follow."
Russia Investigates Lukoil Taxes -
Lukoil HQ in Moscow -
Lukoil owns more than 400 licences to develop Russian oilfields
Russian authorities have demanded information on 398 licences held in the country by oil firm Lukoil -
However, Russian officials deny they are singling out any
According to reports Yukos and TNK-BP have received
"We have requested the information on how Lukoil paid
subsoil use and mineral resource taxes on
these licences," environment ministry spokesman,
Nikolai Gudkov, said.
"The logic is if the taxes are not paid or delayed,
it means that there are problems with
fulfilling licensing agreements."
But, while analysts claim the move could be an attempt
to regain control of the projects, the demands are
unlikely to lead to the same kind of battle that
eventually led to the collapse of Yukos -
PDVSA, Venezuela's state oil company -
controlled by President Hugo Chavez -
the Bolivian president's main South American ally -
has pledged $1bn to develop -
petrochemical companies with YPBF -
PDVSA has also agreed to train up to 300 YPBF staff -
in petrochemical production and -
other hydrocarbon industry skills -
according to Jorge Alvarado -
YPBF - Global partners -
Franklin Oil & Gas, Bolivia -
Est. 1864 -
Franklin Mining - a US & Bolivia mining group -
signed a memorandum of understanding with YPBF -
just weeks after the nationalisation -
It plans to set up a joint venture to construct -
and operate a 10,000 barrels per day gas-to-liquids -
processing plant that should help Bolivia -
industrialise its gas and reduce the need -
for imported diesel fuels -
The plant capacity might be expanded later -
And Russia's Gazprom -
announced in June that it was considering investing -
up to $2bn in Bolivia's gas sector and is looking -
at building gas separation plants and pipelines -
to export LNG, or liquified natural gas -
On top of that -
Mr Villegas is confident that most existing oil and gas -
investors will accept new contracts after negotiations -
with YPBF -
"There's nothing that's a supposition about this -
It's a reality -
With the exception of Petrobras -
all the other oil and gas companies have accepted -
the nationalisation and are negotiating -
new contracts -
All these companies will fulfil the 180-day deadline -
for the negotiations [31 October] -
and I believe many of them will sign new contracts." -
Eduardo Peinado, president of Bolivia's -
National Chamber of Industries -
also thinks most companies will agree -
to comply with Bolivia's new -
production-splitting contracts -
Investment in new facilities might be scarce, though -
"The majority will stay," says Mr Peinado -
"But the concern is they may only invest -
in installations that already exist -
and not put anymore money into exploration." -
YPBF's boss rejects this assertion -
and says the government is insisting -
that companies seeking new contracts -
must invest more in exploration -
"Bolivia's reserves of natural gas -
are 26.5 trillion cubic feet -
and probable reserves are 22 trillion cubic feet -
"says Mr Alvarado -
"Sixty to 70% of the hydrocarbon area -
in Bolivia hasn't been explored yet."
A major investor in the Gazprom -
The Lundin group -
Energy Source - YPFB will provide the natural gas -
access to all necessary labor resources -
and a domestic sales, marketing -
and distribution infrastructure -
Franklin Oil & Gas, Bolivia S.A. and YPFB -
will equally share the net profit from plant operations -
and sales, marketing -
and distribution of all products -
During the first half of 2005 -
Bolivia produced 1.4 billion cubic feet per day -
(Bcf/d) of natural gas -
according to YPFB -
More than 70% of the country’s production -
occurs in the Tarija department -
which is south of the Sana Cruz department -
and on the border with Paraguay -
Two natural gas fields -
San Alberto and Sabalo -
represent about one-half -
of Bolivia’s total production -
Franklin Mining, Inc. owns a 51% interest -
in Franklin Oil & Gas, Bolivia -
Franklin Oil & Gas, Bolivia -
was formed to promote and sign a GTL project -
in Bolivia and to review other -
energy related opportunities -
We have three engineers that are working -
with us in Bolivia for this project -
(for more information on this potential project -
hit Rio Grande GTL) -
Franklin Oil & Gas, Bolivia has also visited -
other areas where opportunities -
have presented themselves -
The company has visited Apolo, Bolivia -
where an Oilfield of undetermined size exists -
This town is in the State of La Paz -
The Governor of La Paz has agreed to work with us -
in aiding in the developement of these fields -
and other areas as well as -
the local people have shown support for -
Franklin Oil & Gas, Bolivia -
The company has also visited Tarija -
where talks have already have started -
with the possibility of doing an -
industrialization project with Tarija -
Paper money used to be a debt -
a promise to deliver Gold and Silver -
Now, paper money is a promise to pay... nothing! -
It's a political promise -
So, paper money is the biggest manipulative factor -
reducing Gold prices -
In essence, it is the lack of real monetary demand -
for Gold and Silver -
(as a preferred form of savings) -
that best explains -
the low monetary prices -
Franklin Mining Announces Pulacayo Tailings Program -
LAS VEGAS, NV--(MARKET WIRE)--Sep 12, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News) announces program -
for funding their mining operations.
The Pulacayo operation is purely tailings
(Tailings are produced when metallic ores are ground
into fine powder to free the metal-bearing mineral.).
The investment for Pulacayo tailings is $1.5 million.
Franklin Mining and Kempf Mining will share -
the partnership as:
Franklin - 51%,
Kempf - 27%
and Peruvian group - 12%.
COMIBOL will be paid 0 to 15 $US/ton of tailings.
Franklin Mining will lease the first mining plant -
from Eco Mining, Inc. of Bolivia.
It should be operational in October and will produce -
up to $200,000 to Franklin Mining per month -
with an increase of up to 10 plants
by January 2007.
The processing will produce 4,000 tons per day.
The existing tailings and metal grades consist
of 4,000,000 tons of tailings.
The total weight of Silver is equal to 248 kg
and 7,973,507 Troy ounce silver ingots.
There will be 400 tons a day,
2nd phase for 1,600 tons a day,
3rd phase 4,000 tons per day.
There is a total of seven million ounces of Silver -
121 proven ounces of Gold -
Franklin Mining announces the first tailings processing
plant will be operational in October and will be -
producing 400 tons per day.
There will be $200,000 to Franklin Mining -
after startup of the plant per month.
The engineers have reported 4,000,000 million tons
of tailings of Silver -
There is also 1 gr/ton of gold that equals -
128.605 Troy ounces of Gold ingots -
About Franklin Mining, Inc:
Franklin Mining currently has interests in Bolivia
and the United States and opened a wholly owned
subsidiary in Bolivia.
Franklin Mining, Inc Bolivian subsidiaries include -
Franklin Mining, Bolivia -
and Franklin Oil & Gas, Bolivia.
For information about Franklin Mining, Inc.
visit our website:
About Cerro Rico Mine:
The Cerro Rico Mine -
is considered by many to be the richest Silver Mine -
in the world.
Rich in Zinc and Silver -
it has been actively mined since the 1500's
and is in operation today -
Cerro Rico is owned by Bolivia's
national mining company, COMIBOL.
COMIBOL is the government owned mining company -
COMIBOL owns the CERRO RICO Mines -
as well as many other properties -
and mineral rights in Bolivia.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: ----These risks could cause Franklin
Mining Inc.'s actual results to differ materially from those
expressed in any forward-looking statements made by, or on
behalf of, Franklin Mining Inc.
Franklin Mining, Inc.
Source: Franklin Mining, Inc.
winifred, great move -
catch it before it fly away -
Silver will always be part of "The Real Gold & Silver Money" -
Some defend a fraud system with that, "its far too small
a market for large, modern economies" -
Well, its only to put a higher fair value on the Silver money -
it used to be worth $800/oz 500 years ago -
take the inflasion into the picture and Silver maybe worth -
a fair market value $80,000/oz sooner or later? -
Silver will do far better than any fiat fraud paper asset -
it will serve better as a "personal holding" and as
the major Real Money when its valued to its fair market value -
If it is of your way to balance wealth, then Silver will show
the LT Real value -
Metals have not shown their true worth for many years as
the world has done very well with manipulations of fiat fraud
paper money schemes -
This is very good some say - outside of ex. FMNJ Potosi -
But, all things do change! -
As it is our time and place to live this change -
our thoughts must view the future as it must be! -
Who can know the minds of men and countries -
as the 666 fiat paper burns? -
In our present system - all fiat currencies are
backed by the US$ -
as long as the US$ is on an "oil standard" of backing -
no other country can change -
the BIS would destroy their economy in a second of storm -
Many think that a country may sell or cut it's CB/US debt
backing at will! -
They cannot? - they will not! -
Oil will not accept another system? -
as long as the Oil/Gold bond works? -
the world currency system is somewhat in a counterfeited
owg order? -
If a crisis erupts and Gold breaks the bond with oil -
then a change must take place! -
We will no doubt see a mass run of CBs into Gold -
at ANY price! - this we know! - as for now -
each person must protect your worth -
as the nation/state is locked from change? -
You still may have a little bit of some time -
FMNJ - need an 'every day Update' on the -
Silver Companies > Market cap's (updated?) -
FMNJ - Franklin Mining, Inc. = $45 MILLION?
vs. compare to -
ECU - ECU Silver = $488 MILLION
HL - Hecla Mining Co = $681.71 MILLION
SIL - Apex Silver Mines Ltd. = $905.33 MILLION
SLW - Silver Wheatonfiltered= $2.06 BILLION
SSRI - Silver Standard Resources Inc. = $1.16 BILLION
CDE - Coeur d'Alene Mines Corp = $1.47 BILLION
PAAS - Pan American Silver Corp. = $1.59 BILLION
UCOI (UNCN) - Unico Inc. = $1.8 MILLION -
(only $1.8 is very oversold - undervalued) -
Including - The Silver Bell Mine -
The Deer Trail Gold & Silver Mines -
The Bromide Gold Mines -
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
SILVER Chart TA LT - Strong Bullrun Long Overdue -
SILVER used to be worth -
more than GOLD -
history often repeat itself -
Do not let any volatility shake You out -
the more volatility the higher it will go -
the new trend waves will often be -
Fibonacci - 162% of the previous correction -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Aug. 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people -
The Bolivian miners welcome FMNJ -
Mission Statement - with open arms -
To Make Money for the family -
for community programs to help with social situations -
such as health care and care for homeless children -
To Be Socially Responsible -
Thanks for your participations -
Welcome to Lundin Petroleum AB -
In Memory of -
Dr. Adolf H. Lundin -
Chairman of the Board -
Honorary Chairman of the Board -
Welcome to Lundin Petroleum AB -
Proactively investing in exploration to organically grow its reserve base. Lundin Petroleum has an inventory of drillable prospects with large upside potential and continues to actively pursue new exploration acreage around the world.
Exploiting its existing asset base with a proactive subsurface strategy to enhance ultimate hydrocarbon recovery.
Acquiring new hydrocarbon reserves, resources and exploration acreage where opportunities exist to enhance value.
Proven and Probable Reserves
Targeted Prospective Resources 2011
| || || || |
Lundin Petroleum is an independent Swedish oil and gas exploration and production company. Production is generated from assets in Norway, France, Tunisia, Netherlands, Russia and Indonesia. In addition there is significant upside potential within these areas of operation including undeveloped oil and gas discoveries and ongoing exploration programmes. Together with the exploration assets in Malaysia, Congo (Brazzaville), Vietnam and Ireland, Lundin Petroleum has a balanced portfolio of world-class assets. Lundin Petroleum has existing proven and probable reserves of 187 million barrels of oil equivalent (MMboe) and a forecast net production range for 2011 of 31,000-34,000 barrels of oil equivalent per day (boepd).