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Africa Oil Week 2009...
Maybe there will be some tidbits dropped in a couple weeks...
Addax: Growth in African Asset Base
Jim Pearce, Chief Operating Officer, Addax
Petroleum
and/or
New Opportunities For Hydrocarbon
Exploration In Sao Tome & Principe:
The 2009/10 Licence Round
HE Cristina Diaz, Minister of Natural Resources,
Energy and Environment
http://www.petro21.com/docs/AOW2009_Brochure_Upd_16_October_09.pdf
Natural gas and hydrocarbons are not mutually exclusive...
"Natural gas is a combustible mixture of hydrocarbon gases."
http://www.naturalgas.org/overview/background.asp
I've been trying, but cannot find any...
words for a Google search that bring up a Google-ad for AscendUploader. This site, Keywordspy.com, returns some results for Interactioncs.com but nothing for AscendUploader.com. Maybe AU is still too new.
http://www.keywordspy.com/research/search.aspx?q=interactioncs.com&tab=domain-overview#/tab=domain-ads
Spec...any of your birdies chirpin'...?
New tweet...
"Frank: 3 sales presentations today. 2 for Interaction. 1 for Ascend Store."
So Ascend Store is sales ready? That might be something they should tell the world.
Per the link provided, the $10 million...
is Addax's commitment to the second exploration phase. If that is based on their 40% interest, then the parties involved would be planning to spend $25 million in total.
More like .750...
but still a better average than most here. He actually predicted it would be the Sedco Energy, not the Sedco 702.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37600457
Upcoming convention mentioned in the video...
ACTHA - Association of Condominium, Townhouse and Homeowners Associations
"Exhibitors...* Interaction Community Systems *..."
http://www.actha.org/pages/saturday__october_24_at_the_drury_lane_in_oakbrook_terrace/34.php
Kownski...it was spp119 who posted...
a brokers note on Gulf Keystone, the company that made the find. Here is his post and the actual press release from Gulf Keystone...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42140501
http://www.gulfkeystone.com/Significant%20Oil%20Discovery%20in%20Kurdistan.aspx
And check out the Tlehs River Estates site...
You can now see some ads as you click through the various areas of the site, including one for Maserati of Atlanta. A slight technical problem though, all of the ads except the fence builder link back to the Tlehs website.
http://www.riverestatesonline.org/NewInteraction/web/spring/Default.aspx?cid=44
Another McCleod & Dowling property is up...
Ivy Falls Plantation...
http://www.ivyfallscommunity.com/NewInteraction/web/nature/?cid=60
Looks like Upstream needs to keep up...
"Jean Claude Gandur, said: “...In addition, Addax Petroleum has recently acquired an additional 51% interest in Block 3 of the JDZ and will be the Operator. The acquisition of this additional interest in the JDZ intensifies our foothold in this world class exploration region and significantly enhances the economics of our position in JDZ Block 3 as it allows Addax Petroleum to aggressively explore this prolific region with a sustained drilling strategy.”
http://www.addaxpetroleum.com/press_room/160
NEWS - ERHC Energy Inc. Updates Shareholders on Drilling in the JDZ
http://finance.yahoo.com/news/ERHC-Energy-Inc-Updates-iw-3740454665.html?x=0&.v=1
HOUSTON, TX--(Marketwire - 10/08/09) - ERHC Energy Inc. (OTC.BB:ERHE - News), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today issued the following update on Company activities from Peter Ntephe, chief operating officer.
To ERHC Shareholders:
I am happy to report that drilling is progressing on schedule in the Joint Development Zone (JDZ) Blocks in which ERHC has interests.
Addax Petroleum Corporation ("Addax"), the operator of JDZ Blocks 3 and 4, has finished drilling a well at the Kina Prospect in Block 4 in which ERHC has a 19.5 percent interest. Based on the early analysis done to date, the well encountered hydrocarbons, but a detailed evaluation of information from the well has only just commenced so it is far too early for any conclusions to be drawn on the extent and quality of the hydrocarbon system encountered. A comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models will now be carried out.
Following the initial drilling operation in Block 4, the Deepwater Pathfinder has moved to the Lemba 1X well location in JDZ Block 3 in which ERHC has a 10 percent interest. Exploratory drilling at Lemba 1X commenced yesterday. We estimate it will take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others.
Once done with the Lemba 1X well, the Deepwater Pathfinder will move back to JDZ Block 4 to drill two additional wells. The specific drilling locations of these additional Block 4 wells will be determined in due course.
Sinopec JDZ Block 2 Limited ("Sinopec"), the operator of JDZ Block 2 in which ERHC has a 22 percent interest, has also finished exploratory drilling at the JDZ Bomu-1 well location. Based on the early analysis done to date, natural gas is discovered, but again a detailed evaluation of information from the well has only just commenced so it is far too early for any conclusions to be drawn on the extent and quality of the hydrocarbon system encountered.
This is an exciting time for the ERHC family. When this initial drilling campaign is completed, a total of five wells will have been drilled. Each well will be evaluated using several standard oilfield methods and the rock properties and reservoir fluids will be measured and evaluated.
As we stated previously, the purpose of this process is to test scientific conclusions and gather additional information. The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various prospects being drilled. Perhaps more importantly, it is helping us understand the prospectivity of the entire area. This is a highly technical process that takes considerable time. The parties are working to ensure that operations are conducted to the highest industry standards. The focus is quality of work put into each well, not undue haste.
We are as excited about getting drilling results as the investment community is. In accordance with the practice in the JDZ, accurate, material information on the progress in the JDZ Blocks will emanate from the operators or the Joint Development Authority. ERHC will publish such information in a timely manner in accordance with our contractual and regulatory obligations.
The operators will determine when it is appropriate to release the drilling results. Sinopec has announced that its drilling results might be released in the fourth quarter with a caveat that such release is contingent upon numerous factors. Addax is expected to provide guidance in due course on the release of its results.
We appreciate the support of our shareholders and share their excitement. If you have questions, please submit them to Dan Keeney, our investor relations representative, at dan@dpkpr.com.
Sincerely,
Peter Ntephe
Chief Operating Officer
I'm not expecting big numbers either...
just hoping they will be "big-er" than last quarter, showing that growth will happen as sales increase. And hopefully sales will continue to increase.
Here is the PR with the 100,000...
users by year end estimate but it's not very recent either.
http://ih.advfn.com/p.php?pid=nmona&cb=1254944261&article=37513032&symbol=NO%5EFTCH
We just need to find someone who knows Paul from Katy...
maybe they could tell us what's going on...
Life of an Oil Driller
Posted By MidwestMom on September 17, 2009
* This excerpt is an actual letter sent to me from a very good friend of mine who’s son is an oil driller*
Let me introduce to you Paul who has been oil drilling for thirteen years. For the past five he has spent his time on the DeepWater PathFinder in Nigeria . When not on the DeepWater Pathfinder , Paul “Commutes” back and forth to his home State of Katy Texas.If you have ever wondered what life would be like on an Oil Rig , Here is Paul’s “Rig Simulation”
http://hmm-sweet-splendid-wisdom.com/2009/09/17/life-of-an-oil-driller/
Newish, three-day-old tweet...
"Frank: Scheduling our next sales trips to Florida and Chicago in October."
Enough with the trips, lets hear about some sales.
RKT...good point...
"The drill ship represents a new generation of drilling vessel designed to meet the technological challenges of ultra-deepwater, and incorporates the additional capability of extended well testing (EWT) and simultaneous drilling and testing operations."
http://www.kisc.or.kr/kti/may_jun_99/tradeproducts/newtechnology/newtechnology.htm
Yes, it is on loan from Shell, but...
recently Rigzone had been showing Sedco 702 as drilling specifically for Sinopec in Sao Tome and Principe in 5400 feet of water.
Anyone know this new community...?
The Preserve? It does not appear to be associated with Tlehs or Coastal. A Google search reveals a small (31 home) community in Kennesaw by this name, so that is likely it. But, hey, revenue is revenue.
http://live.interactioncs.com/NewInteraction/login.aspx?cid=78
Rigzone misinformation...?
This is probably based on the original timeframe for the sublet agreement and not on the reality of when SNP actually got the rig, but Rigzone is now showing the Sedco 702 back in Shell's possesion...
http://www.rigzone.com/data/rig_detail.asp?rig_id=1009
I believe they said in the video...
that they would be releasing Q3 results. Hopefully, based on statements made in the Q2 report about their books now being cleaned up, it won't take as long to get the Q3 results as it took to get the Q2 results.
According to CNBC.com...
Erin's show "Street Signs" runs from 2 - 3 pm ET. The posts about her STP mention appear around 3 pm ET, so she must have mentioned it somewhere near the end of her show. The last video posted for her show today (although it says it was at 1:47 pm ET, so there something messed up there) is this one titled "Oil Jumps on Gasoline Supply". She may have made her remarks after this, but unfortunately she gets cut off.
http://www.cnbc.com/id/15840232?video=1280869041&play=1
Looks like someone asked Oily Sam...
if he was Oilphant back in October of 2006. In the comments below this entry, an Arthur Krauser asked if he was Oilphant on IHub. You cannot read Oily Sam's replies but from Arthur's responses it sounds as if he said that he was not and, perhaps, that he did not want to have anything to do with IHub.
http://crudediggers.blogspot.com/2006/10/nigerian-oil-gas-update.html
New tweet, if anyone cares...
"Frank: Got a first view into Interaction's multi-language capabilities. Looking forward to taking this thing global soon."
You can check it out by going to any sign-in page (like the auto club here) and selecting the language in the upper right.
http://live.interactioncs.com/NewInteraction/login.aspx?cid=76
Per the Addax PR, the agreement sounds pretty specific...
"The contract with Transocean requires the Deepwater Pathfinder to drill four wells in total with a minimum commitment of 120 days."
http://www.addaxpetroleum.com/press_room/138
Note also that the Transocean Fleet Status Report says that November is the "Estimated Expiration" of the contract.
http://www.deepwater.com/_filelib/FileCabinet/fleetupdate/2009/RIGFLT-JUL-2009.pdf?FileName=RIGFLT-JUL-2009.pdf
We will get our 4 wells.
This publication from Transocean in 2002...
makes it sound is if the DP is not a "dual-activity" rig. Unless it has been somehow upgraded since then, but I cannot find any evidence of that.
"The dual-activity drillships are complemented by the
Deepwater Pathfinder series drillships, which have also
performed well overall. The Deepwater Pathfinder, the
world’s first drillship capable of working in up to 10,000
feet of water, is joined in the U.S. Gulf of Mexico by sister
unit Deepwater Millennium."
http://www.deepwater.com/fw/filemanager/fm_file_manager_download.asp?FileName=Frontiers_May_2002.pdf&FilePath=/_filelib/FileCabinet/offshoremagazine/
Interesting...Ofir is buying again...
and at above market prices...
http://www.secform4.com/filings/1415397/000116552709000698.htm
Tweet tweet...
Frank: Macking out the user customizable interfaces for FargoTube... Can't wait to show this thing.
Good to see that Tlehs is workin' it...
see page 15 of their recently updated Media Guide...
http://db.tlehs.com/media/TlehsMediaGuide.pdf
Google ad...
on the right at the bottom (although it may not be there every time)...
http://www.google.com/#hl=en&source=hp&q=hoa+dues&aq=f&aqi=g10&oq=&fp=ee36edbd3c16a1c5
Thanks RtRock...
Good to hear about the 2nd meeting with the San Fran condo association. Let's hope they can close the deal.
Turk...some info on short selling...
"Most of the time, you can hold a short for as long as you want, although interest is charged on margin accounts, so keeping a short sale open for a long time will cost more. However, you can be forced to cover if the lender wants the stock you borrowed back. Brokerages can't sell what they don't have, so yours will either have to come up with new shares to borrow, or you'll have to cover. This is known as being called away. It doesn't happen often, but is possible if many investors are short selling a particular security."
http://www.investopedia.com/university/shortselling/shortselling1.asp
New Tweet...
Frank: Sales presentation this morning at 11.
Another Tlehs site has gone live...
River Estates...
http://www.riverestatesonline.org/NewInteraction/web/spring/Default.aspx?cid=44
TallRob0...did you see the video presentation...
http://www.f3technologies.com/f3/web/home.aspx?c=c6278a79-6ebe-470e-bb60-ccd6d3667875&n=f30ce556-16cf-4e01-acbf-a9a5f4b7dc59
As mentioned in the presentation...
ICS on Capterra...
http://www.capterra.com/association-management-software/spotlight/97988/Interaction%20Community%20Systems/F3%20Technologies
Han, Posting Images/Charts...
See Posting Images/Charts in this link...
http://investorshub.advfn.com/boards/faqh2post.asp
The last quarterly report was for...
the quarter ending June 30, 2009. So the next quarter will end September 30. If results are posted as before, then a report should be filed in mid/late November.