Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FRCD up .25%! See chart below.
http://stockcharts.com/def/servlet/SC.web?c=frcd,uu[h,a]dhcayimy[db][pd10,2!b20!b50!b200!f][vc60][iu...
b/r 2desire
Thanks for posting the news rpt! Just what I've been waiting for. I hope some of you got in on this one. Good Luck.
2desire
TSRG Hot Pick on stocksnake.com! Read below.
http://www.stocksnake.com/
FRCD up .03 today!
http://www.quicken.com/investments/quotes/?symbol=frcd&B1=Go
b/r 2desire
Bid already at .24 on FRDC. Keep an eye on MVES, also a partner and ready to pop! Happy trading today.
2desire
For those that haven't done dd on FRCD yet, MSEV is also a partner in the same job in California. Many are buying both stocks. :)
2desire
Good article on the drilling industry......
http://www.chron.com/cs/CDA/story.hts/business/energy/991912
Good article on the drilling industry....
http://www.chron.com/cs/CDA/story.hts/business/energy/991912
MACH, xxrayeyes PM'd you. That means check your mailbox above. You'll have a message for you in there. Hope this helps.
2desire
Good article on the Powder River Basin. eom.
http://www.msnbc.com/news/605359.asp
b/r 2desire
A little Coalinga overview
Taken from the RB board. Poster is burner.
-between 2 half-billion barrel oil fields
-Cretaceous Brown Mtn. Sands had significant untested
gas shows in 1942 (From 11,455 to bottom)
-Shell well 3 miles away had oil production on a Cretaceous
formation test
-same geological trend as the 2.9 Trilion Cu Ft Kettleman
Hills field
-Raisin City (nearby) producing over 2 mmcfd from
cretaceous
-shut in pressure of a 2nd well has stabilized around 2600
psi (not sure if that on is in productioin yet, drilled
by Golden Exploration)
-pay zone of approx 400'
-16 sq miles of 3D seisimics
-gas in place estimates of 80% saturation, 13% porosity
and 4,330 psi bottom hole pressure
-professional engineer believes chance of success to be
better than 50%
-(I heard from one company yesterday who said ("waiting on
pins and needles" & "we've heard there is a 75% chance of
a large discovery")
Goodmorning all. FRCD is drilling w/ joint venture partners in the Coalinga region of California. One of the partners, Olympic resources, released a pr on how the drilling is going Friday. Thought I'd share it to those who are interested.
Olympic provides info on Coalinga No. 1 gas well
Olympic Resources Ltd ORL
Shares issued 12,214,378 Aug 2 close $0.50
Fri 3 Aug 2001 News Release
Mr. Daryl Pollock reports
Drilling operations are proceeding smoothly on the Olympic Coalinga No. 1
gas well located in Fresno county, California. As of Aug. 3, 2001, regular
drilling operations have reached 9,100 feet toward a target depth of 11,200
feet. Olympic currently holds a 20.5-per-cent working interest which
results in a 17.5-per-cent net revenue interest before payout and a
14.5-per-cent net revenue interest after payout. The Coalinga Nose prospect
consists of 5,000 acres of leased land and is located less than one mile
southeast of the East Coalinga extension which has produced 503 million
barrels of oil. The prospect is also less than one mile northwest of the
Kettleman Hills field which has produced 2.9 trillion cubic feet and 458
million barrels of oil.
The well penetrated the Domingene sands from about 8,850 feet to about
9,025 feet. Several occurrences of oil have been encountered throughout the
8,000- to 9,000-foot zones. The presence of oil has reduced drilling speed,
however, the pace should increase upon entering the Gatchell formation
which is expected to be about 300 to 350 feet thick. The well's secondary
target the Moreno sands, will be penetrated at about 9,400 feet followed by
the primary target, the Brown Mt. sand below 11,000 feet.
To date, $2-million (U.S.) has been spent on the land including a 3-D
seismic survey shot in 1997 covering 16 square miles including the prospect
area. According to consulting engineer Mark Anderson this is a "superior
prospect based on a quality modem 3-D seismic grid, abundant and thoroughly
mapped well control" and "both production and downdip shows in the target
horizon." The 3-D seismic data "clearly corroborates existing production
from known stratigraphic and structural features" from the Cretaceous Brown
Mt. formation which is largely untested in this area.
Only one well has penetrated the Cretaceous Brown Mt. sand within the
seismic shoot area in 1942. This well had significant untested gas shows in
the Brown Mt. sand from 11,455 feet to bottom. Originally drilled for oil,
the off-scale gas shows at the bottom of the well were not tested and the
well was abandoned due to a lack of natural gas market during World War II.
Four-way closure can be observed within the prospect area where the Brown
Mt. sand is up to 400 feet thick.
This prospect is being tested with an 11,500-foot well located one mile to
the northwest and 500 feet up dip of the 1942 well within the best
amplitude response for this fault block. This well is expected to reach
target depth in mid-August.
Ron,
So far I like this one. We need something like this online. Although there are libraries online, I'd like to go to this one and see how user friendly it is opposed to others. Have a great day!
Jerri
Josh,
Do some dd on FRCD. Got a feeling this will be a big winner. You'll want to get in by Monday morning. Good Luck.
2desire
M&M, I had no trouble removing messages from my ihub mailbox last night. eom.
2desire
LOL Good Morning Ron!
Josh and Muel,
Take a look at my posts on the corner re: FRCP. A good one to keep an eye on IMO! Happy trading. Thanks again for the dd links Josh.
2desire
Thanks rpt! I'd add it to hot picks today, but I'm no longer a director here.
2desire
SAN DIEGO, Aug 2, 2001 /PRNewswire via COMTEX/ -- Avanir Pharmaceuticals (Amex: AVN) will announce financial results for the third fiscal quarter ended June 30, 2001 after the market closes on Thursday, August 9, 2001.
Following the release, management will host a conference call with a simultaneous webcast at 1:30 p.m. Pacific/4:30 p.m. Eastern to discuss third fiscal quarter operating performance and outlook. Featuring President and Chief Executive Officer Gerald J. Yakatan, Ph.D. and Vice President and Chief Financial Officer Gregory Hanson, the webcast will be available live via the Internet by accessing Avanir's web site at www.avanir.com. The live webcast will also be available at www.companyboardroom.com. Please go to either web site at least fifteen minutes early to register, download and install any necessary audio software.
For those who cannot listen to the live broadcast, the online replays will be available for 90 days, or a phone replay will be available through August 16, 2001, by dialing (888) 266-2086 or (703) 925-2435 and entering the passcode # 5435300
Taken from frcd board. Good Luck all. This one still has plenty of room to move. IMHO. Looks like another SSPC. Remember to do your own dd. :)
b/r 2desire
By: monvor $$$
Reply To: 2441 by photonwav $$$$ Sunday, 29 Jul 2001 at 9:27 AM EDT
Post # of 3609
LETS BREAK DOWN THE POSITIVES.
1. The chevron usa 3-d report has pinpoint accuracy.
"Huge Potential Independent evaluations indicate that the Coalinga Nose Property could contain 800 Billion Cubic Feet of gas - worth up to US $8-billion at current spot prices."
from http://www.fairchildinternational.com/oil-gas.html
2. The report has shown a pocket around 7700ft, nabors
hit a sizable oil pocket once they reached that level. Arlington Oil has the rights to this depth.
3. Drilling will hit a major gas pocket at the 11,200ft level. One of the parners stated that the leverage bankers are all over this project right now.
4. A hit at the 11200 ft and (frcd) 5% intrest will have a
revenue impact of 200 to 400 million.
5. Fairchild (FRCD) has 13 million o/s with 8 million in
in the float with 4 million of the float resricted
for a year.
6. The volume has been increasing day by day with nice
price movements. Big movements are expected.
7. Another aspect of their business model is the diamond
fields which are qute lucrative, fairchild has some
of the most promising fields in the world. A major
announcement on this will be out this week. This could
move the stock in a big way also.
8. And last lets have a real chart that everyone likes posting so much $5 is price more than likely will be when(if) it flows and $3.20 is a avg price now.. seen some lower and some higher (spot prices in California). The 8M float is used, but you can use 4, but lets play conservative.
800bcf x$5.00 1%= $40M x 5(frcd%)= 200M/8M =$25 share
800bcf x$3.20 1%= $25.6M x 5 = 128M/8M = $16 share
400BCFx$5.00 1%= $20M x 5(frcd%) = 100M/8M =$12.5 share
400BCFx $3.20 1%= $12.8 x 5 = 64M/8M= $8 share
100BCFx$5.00 1%= 5M x 5 =25M/8M = 3.12 share
100BCFx$ 3.20 1%= 3.2M x 5 =16M/8M = $2.00 share
9. News releases to come:
a.they may release news saying they hit
b.then release news on how much they found.
c.Then release flow test results.
d.Then release news on pipe building
e.and the completion of pipe and gas flowing too market.
10. The other partners are going to gain as well:
Due Diligence Info:
For those researching the Canadian entries in this project here is a list in order of participation percentage.
Olympic Resources (ORL:CDNX) 20.5% 800 570-8733
www.orlresources.com
Zappa Resources (ZPA:CDNX) 15% 604 632-9880
Dasher Energy (DHR:CDNX) 11% 604 685-3878
www.dasherenergy.com
First Goldwater (FGD:CDNX) 10% 866 692-3230
www.goldwaterresources.com
Solaia Ventures (SAV:CDNX) 5% 888 702-4478
www.solaiaventures.com
Condor Goldfields (YGF:CDNX) 4% 877 685-9977
www.condorgoldfields.com
Olympic 20.5%
Zappa 15%
Dasher 11%
First Goldwater 10%
Solaia 5%
Micron 5%
Fairchild 5%
Condor Gold Fields 4%
And the OTC Pink symbols for Canucks:
Olympic OLYRF
Zappa ZPPAF
Condor CGFIF
Solaia SLAVF
First Goldwater FGDRF
Dasher DHEGF
Good Luck and thanks to all that have contributed to the DD effort. You know who you are.
FRCD sharp chart
http://stockcharts.com/def/servlet/SC.web?c=frcd,uu[h,a]dhcayimy[db][pd10,2!b20!b50!b200!f][vc60][iu...
b/r 2desire :)
Government Report Indicates Prospect of Diamonds on Fairchild Holdings In Canada
WEDNESDAY, AUGUST 01, 2001 11:00 AM
- PRNewswire
VANCOUVER, British Columbia, Aug 1, 2001 /PRNewswire via COMTEX/ -- Fairchild International Corporation (OTC:FRCD) announced today that a report released by the government of Manitoba has confirmed the presence of a prominent kimberlite indicator mineral (KIM) dispersal trend immediately south of one of Fairchild's diamond exploration holdings in the northeastern sector of the Canadian province.
This permit is the subject of an option agreement with Indicator Explorations of Winnipeg, Manitoba and adjoins ground held by De Beers and BHP Minerals.
David Duval, Fairchild's Vice President Exploration and Development, describes the recent compilation report as "intriguing" because it confirms that the "KIM trend is down ice from our permit which is right where it should be based on major diamond discoveries made elsewhere in Canada."
"Diamond indictor minerals are often located some distance from their kimberlite host rocks. As a result, the aggressive exploration program we have planned for Permit 182 later this year will effectively extend the government survey northward and should help determine if the source rocks for these KIM's are within the confines of our permit," he adds.
The Manitoba government survey shows that the KIM dispersal trend is parallel to the direction of the last ice advance and Duval states that "the trend line for this dispersal trend appears to run right through our permit which is extremely positive. We also have a sizable land position further north should the dispersal trend extend beyond expectations."
"Government sampling has also confirmed the existence of G10 garnets several miles south of our permit. These garnets are usually found in kimberlites that originated from the same depth where diamonds formed originally," he says. "The kimberlites transport the diamonds to surface along with their associated indicator minerals", he added.
Robert Grace, Fairchild's President and CEO, agrees that the government survey has "greatly enhanced the prospectivness of Fairchild's diamond holdings in Manitoba" and he adds that "Fairchild is looking forward to following up on the high caliber work produced in the government survey."
"Our extensive holdings further north includes the eastern extension of the Fox River Sill, one of the world's largest layered complexes, which is prospective for nickel and platinum group metals (PGM's) along with diamonds." One of the companies in the Hunter-Dickinson Group, Rockwell Ventures, is actively exploring property in this belt immediately west of Fairchild's holdings under an agreement with Falconbridge Ltd., a major nickel producer.
Rockwell recently announced the commencement of a major drill program on its Fox River holdings. The company has identified at least 20 Nickel-PGM targets some of which are being modeled after world-class deposits in Manitoba (Thompson), Quebec (Raglan) and Montana (Stillwater). A review by the company of Falconbridge's airborne geophysical data for the property identified 14 high priority magnetic anomalies that are consistent with kimberlite intrusions.
"The next few months should be exciting with both our oil and gas and mineral holdings enhancing our market and industry profiles", said Grace.
ABOUT FAIRCHILD INTERNATIONAL
Fairchild International Corporation is a fully-reporting U.S. publicly-listed company trading on the OTC Bulletin Board under the symbol: FRCD. It is a natural resources corporation involved in diamond exploration in Canada's northeastern sector of the province of Manitoba, which has been cited by many mining experts as one of the world's most active diamond exploration areas. Fairchild also has a five percent working interest in the 8,730 acre Coalinga Nose project. Other participants include a prominent NASDAQ company which has an impressive track record in oil and gas discoveries in California and Micron Enviro Systems Inc. (OTC:MSEV).
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X78883465
SOURCE Fairchild International Corporation
CONTACT: Corporate Communications of Fairchild International,
+1-888-864-7372 in North America, or +1-604-646-5614 outside the U.S. &
Canada, or ir@FairchildInternational.com
URL: http://www.FairchildInternational.com
Fairchild International Announces Oil and Gas Drilling In California Ahead of Schedule
THURSDAY, JULY 26, 2001 12:32 PM
- PRNewswire
VANCOUVER, British Columbia, Jul 26, 2001 /PRNewswire via COMTEX/ -- Fairchild International Corporation (OTC:FRCD) announced today that drilling is ahead of schedule on the Coalinga Nose Project in California. Completion is now expected within 14 days.
Drilling has reached the Kreyenhagen Shale layer below 8000 feet heading toward the target level of ll,500 feet.
An interpretation of the 3-D seismic data has defined four positive amplitude anomalies that could represent potential gas-bearing structural-stratigraphic reservoirs at the site which is located in the San Joaquin Basin near the historic community of Coalinga. This property is situated between a 503-million-barrel oil field and a field that has produced 2.9 Trillion Cubic Feet of natural gas and 458-million barrels of oil. To date, US $3-million has been spent on the property including a 3-D seismic survey.
The interpreted seismic data appears to reproduce structural and stratigraphic features that control oil and gas production in three other fields in the region including the Coalinga Nose portion of the East Coalinga Extension.
Independent evaluations indicate the property could contain some 800 billion cubic feet of gas, worth up to US $4-billion at recent spot prices.
The company has a five percent working interest in the Coalinga Nose project. Other participants include a prominent Nasdaq company which has an impressive track record in oil and gas discoveries in California and Micron Enviro Systems Inc. (OTC:MSEV).
ABOUT FAIRCHILD INTERNATIONAL
Fairchild International Corporation is a fully-reporting U.S. publicly-listed company. Besides the California gas project known as the Coalinga Nose Property, it has a major mineral exploration project comprising more than 300,000-acres in the Canadian province of Manitoba. The company's holdings are located in northeastern Manitoba where one of the world's richest nickel deposits was discovered by Inco Ltd. and where major mining companies such as DeBeers, BHP, Kennecott and Falconbridge are actively exploring for diamonds, nickel and Platinum Group Metals.
Bush energized by bill, Arctic oil
House vote broke gridlock, he says; Senate battle ahead
MSNBC STAFF AND WIRE REPORTS
WASHINGTON, Aug. 2 — President Bush savored victory Thursday after the House passed an energy bill that relies on producing more oil, natural gas and nuclear power to meet the nation's energy needs. Central to the debate was whether to open the Arctic National Wildlife Refuge to drilling, which a majority of representatives OK'd.
"WE SHOWED THEM last night how we can break Washington gridlock," the president told reporters as he entered the Capitol for a meeting with Republicans.
After 14 hours of debate Wednesday, House lawmakers finally approved the full energy bill shortly after midnight. The vote was 240-189, with 36 Democrats joining Republicans.
The House had earlier voted 223-206 against the amendment, which would maintain the protected status of the wildlife refuge, which is a haven for thousands of calving caribou, polar bears and other wildlife that includes millions of migrating birds.
The vote was a major victory for the president, who has made drilling in the Arctic refuge a major plank in his energy plan, arguing that drilling would occur on just 2,000 acres of the refuge's 19 million acres and that high-tech tools would minimize any environmental impacts.
"I urge the members of the House of Representatives to support the energy bill that will include allowing for there to be a small amount of exploration in ANWR that will yield a lot of energy on behalf of the people of America," Bush told reporters before the vote.
Rep. Edward Markey, D-Mass. and a co-sponsor of the defeated amendment, countered that the 2,000 acres would create a "spider web" of drilling platforms, pipelines and roads extending across the region.
Government estimates have said the refuge, located in northeastern Alaska and frequented by millions of migrating birds, caribou and other wildlife, could hold up to a total of 16 billion barrels of oil. The U.S. market consumes close to 20 million barrels of oil a day and must import about 60 percent of that amount.
Despite the House decision, the provision to allow drilling almost certainly will not pass the Democratic-controlled Senate.
Senate Democrats have vowed to block an attempt to open the Arctic refuge to oil companies, although the House vote gives the issue fresh momentum. Moreover, their version of an energy bill focuses more on conservation, less on production.
Wednesday's House vote was the first time in 21 years that the House has taken up the Arctic drilling issue. In 1980, Congress declared that the coastal plain within the refuge potentially could be tapped for its oil resources, but not without a green light from Capitol Hill.
Proponents argue that, with modern technology, oil exploration and development can be done without environmental harm to the refuge.
The refuge "was supposed to be drilled, explored for the American people," declared Rep. Don Young, R-Alaska. He chided some of the drilling opponents, many of whom, he said, had never been to the refuge in the far corner of northeastern Alaska.
"This is no ordinary land," shot back Rep. David Bonior, D-Mich., who said he had been there. "It's a cathedral of nature, an American heritage. And it's our responsibility to protect it."
The question, added Bonior, was whether the nation will honor its heritage "or will the big oil companies win?"
BROAD ENERGY OVERHAUL
Protection of the refuge, which was created 41 years ago by President Dwight D. Eisenhower, emerged as the most hotly debated issue in a 510-page package of energy proposals approved late Wednesday night and sent to the Senate.
"This bill is a giant step forward in securing America's energy future," declared Rep. Billy Tauzin, R-La., chairman of one of eight House committees that had a hand in crafting the legislation.
In addition to the Arctic drilling, the House bill would provide $33.5 billion in energy tax breaks and credits, most of it to promote coal, oil, nuclear and natural gas development, but also about $6 billion aimed at spurring energy conservation.
Democrats said the bill was too heavily tilted toward helping energy companies with tax benefits over the next decade. They said $8 of every $10 would go to coal, oil, nuclear and other energy industries.
The revenue drain could force Congress to dip into Medicare or Social Security trust funds, Democrats charged. The White House acknowledged that the tax incentives would reduce the budget surplus by at least $30 billion.
Clashing images of the Arctic refuge
HIGHER MILEAGE STANDARDS REJECTED
Earlier in the day, the House by a 269-160 vote turned back a proposal that would have required sport utility vehicles to achieve a fleet average of 27.5 miles per gallon, the same as cars, by 2007. They currently have to meet a fleet average of only 20.5 mpg.
Overall automobile fuel economy peaked at 26.5 miles per gallons in 1986, said Markey. "We've been going backward ever since. This is not rocket science. It's auto mechanics."
Both sides on the issue cited a National Academy of Sciences report this week that said the technology exists to substantially cut motor vehicle fuel use. The report also criticized the gap between automobile and SUV fuel economy.
Opponents of the amendment noted that the report also suggested that if auto makers were pushed to act too quickly, they would build smaller vehicles, leading to more traffic deaths.
Those in favor of the higher standards said fuel efficiency improvements would save more oil each year than could be produced by drilling in the Arctic refuge.
The White House urged lawmakers against raising the fuel economy standard, known as CAFE, beyond a modest proposal already in the legislation that requires SUVs to reduce gasoline use by 5 billion gallons over six years. That amounts to less than a 1 mpg increase for SUVs, the bill's critics maintained.
The House bill also refused to allow California to opt out of a federal program that requires clean-burning gasoline sold in polluted areas to contain oxygen-boosting fuel additives.
The House debate on the broad energy package came days before Congress was to begin its summer recess. The action was the first legislative response to Bush's energy blueprint released in May and to growing concerns about the nation's energy future.
Bush energized by bill, Arctic oil
House vote broke gridlock, he says; Senate battle ahead
MSNBC STAFF AND WIRE REPORTS
WASHINGTON, Aug. 2 — President Bush savored victory Thursday after the House passed an energy bill that relies on producing more oil, natural gas and nuclear power to meet the nation's energy needs. Central to the debate was whether to open the Arctic National Wildlife Refuge to drilling, which a majority of representatives OK'd.
"WE SHOWED THEM last night how we can break Washington gridlock," the president told reporters as he entered the Capitol for a meeting with Republicans.
After 14 hours of debate Wednesday, House lawmakers finally approved the full energy bill shortly after midnight. The vote was 240-189, with 36 Democrats joining Republicans.
The House had earlier voted 223-206 against the amendment, which would maintain the protected status of the wildlife refuge, which is a haven for thousands of calving caribou, polar bears and other wildlife that includes millions of migrating birds.
The vote was a major victory for the president, who has made drilling in the Arctic refuge a major plank in his energy plan, arguing that drilling would occur on just 2,000 acres of the refuge's 19 million acres and that high-tech tools would minimize any environmental impacts.
"I urge the members of the House of Representatives to support the energy bill that will include allowing for there to be a small amount of exploration in ANWR that will yield a lot of energy on behalf of the people of America," Bush told reporters before the vote.
Rep. Edward Markey, D-Mass. and a co-sponsor of the defeated amendment, countered that the 2,000 acres would create a "spider web" of drilling platforms, pipelines and roads extending across the region.
Government estimates have said the refuge, located in northeastern Alaska and frequented by millions of migrating birds, caribou and other wildlife, could hold up to a total of 16 billion barrels of oil. The U.S. market consumes close to 20 million barrels of oil a day and must import about 60 percent of that amount.
Despite the House decision, the provision to allow drilling almost certainly will not pass the Democratic-controlled Senate.
Senate Democrats have vowed to block an attempt to open the Arctic refuge to oil companies, although the House vote gives the issue fresh momentum. Moreover, their version of an energy bill focuses more on conservation, less on production.
Wednesday's House vote was the first time in 21 years that the House has taken up the Arctic drilling issue. In 1980, Congress declared that the coastal plain within the refuge potentially could be tapped for its oil resources, but not without a green light from Capitol Hill.
Proponents argue that, with modern technology, oil exploration and development can be done without environmental harm to the refuge.
The refuge "was supposed to be drilled, explored for the American people," declared Rep. Don Young, R-Alaska. He chided some of the drilling opponents, many of whom, he said, had never been to the refuge in the far corner of northeastern Alaska.
"This is no ordinary land," shot back Rep. David Bonior, D-Mich., who said he had been there. "It's a cathedral of nature, an American heritage. And it's our responsibility to protect it."
The question, added Bonior, was whether the nation will honor its heritage "or will the big oil companies win?"
BROAD ENERGY OVERHAUL
Protection of the refuge, which was created 41 years ago by President Dwight D. Eisenhower, emerged as the most hotly debated issue in a 510-page package of energy proposals approved late Wednesday night and sent to the Senate.
"This bill is a giant step forward in securing America's energy future," declared Rep. Billy Tauzin, R-La., chairman of one of eight House committees that had a hand in crafting the legislation.
In addition to the Arctic drilling, the House bill would provide $33.5 billion in energy tax breaks and credits, most of it to promote coal, oil, nuclear and natural gas development, but also about $6 billion aimed at spurring energy conservation.
Democrats said the bill was too heavily tilted toward helping energy companies with tax benefits over the next decade. They said $8 of every $10 would go to coal, oil, nuclear and other energy industries.
The revenue drain could force Congress to dip into Medicare or Social Security trust funds, Democrats charged. The White House acknowledged that the tax incentives would reduce the budget surplus by at least $30 billion.
Clashing images of the Arctic refuge
HIGHER MILEAGE STANDARDS REJECTED
Earlier in the day, the House by a 269-160 vote turned back a proposal that would have required sport utility vehicles to achieve a fleet average of 27.5 miles per gallon, the same as cars, by 2007. They currently have to meet a fleet average of only 20.5 mpg.
Overall automobile fuel economy peaked at 26.5 miles per gallons in 1986, said Markey. "We've been going backward ever since. This is not rocket science. It's auto mechanics."
Both sides on the issue cited a National Academy of Sciences report this week that said the technology exists to substantially cut motor vehicle fuel use. The report also criticized the gap between automobile and SUV fuel economy.
Opponents of the amendment noted that the report also suggested that if auto makers were pushed to act too quickly, they would build smaller vehicles, leading to more traffic deaths.
Those in favor of the higher standards said fuel efficiency improvements would save more oil each year than could be produced by drilling in the Arctic refuge.
The White House urged lawmakers against raising the fuel economy standard, known as CAFE, beyond a modest proposal already in the legislation that requires SUVs to reduce gasoline use by 5 billion gallons over six years. That amounts to less than a 1 mpg increase for SUVs, the bill's critics maintained.
The House bill also refused to allow California to opt out of a federal program that requires clean-burning gasoline sold in polluted areas to contain oxygen-boosting fuel additives.
The House debate on the broad energy package came days before Congress was to begin its summer recess. The action was the first legislative response to Bush's energy blueprint released in May and to growing concerns about the nation's energy future.
Bush energized by bill, Arctic oil
House vote broke gridlock, he says; Senate battle ahead
MSNBC STAFF AND WIRE REPORTS
WASHINGTON, Aug. 2 — President Bush savored victory Thursday after the House passed an energy bill that relies on producing more oil, natural gas and nuclear power to meet the nation's energy needs. Central to the debate was whether to open the Arctic National Wildlife Refuge to drilling, which a majority of representatives OK'd.
"WE SHOWED THEM last night how we can break Washington gridlock," the president told reporters as he entered the Capitol for a meeting with Republicans.
After 14 hours of debate Wednesday, House lawmakers finally approved the full energy bill shortly after midnight. The vote was 240-189, with 36 Democrats joining Republicans.
The House had earlier voted 223-206 against the amendment, which would maintain the protected status of the wildlife refuge, which is a haven for thousands of calving caribou, polar bears and other wildlife that includes millions of migrating birds.
The vote was a major victory for the president, who has made drilling in the Arctic refuge a major plank in his energy plan, arguing that drilling would occur on just 2,000 acres of the refuge's 19 million acres and that high-tech tools would minimize any environmental impacts.
"I urge the members of the House of Representatives to support the energy bill that will include allowing for there to be a small amount of exploration in ANWR that will yield a lot of energy on behalf of the people of America," Bush told reporters before the vote.
Rep. Edward Markey, D-Mass. and a co-sponsor of the defeated amendment, countered that the 2,000 acres would create a "spider web" of drilling platforms, pipelines and roads extending across the region.
Government estimates have said the refuge, located in northeastern Alaska and frequented by millions of migrating birds, caribou and other wildlife, could hold up to a total of 16 billion barrels of oil. The U.S. market consumes close to 20 million barrels of oil a day and must import about 60 percent of that amount.
Despite the House decision, the provision to allow drilling almost certainly will not pass the Democratic-controlled Senate.
Senate Democrats have vowed to block an attempt to open the Arctic refuge to oil companies, although the House vote gives the issue fresh momentum. Moreover, their version of an energy bill focuses more on conservation, less on production.
Wednesday's House vote was the first time in 21 years that the House has taken up the Arctic drilling issue. In 1980, Congress declared that the coastal plain within the refuge potentially could be tapped for its oil resources, but not without a green light from Capitol Hill.
Proponents argue that, with modern technology, oil exploration and development can be done without environmental harm to the refuge.
The refuge "was supposed to be drilled, explored for the American people," declared Rep. Don Young, R-Alaska. He chided some of the drilling opponents, many of whom, he said, had never been to the refuge in the far corner of northeastern Alaska.
"This is no ordinary land," shot back Rep. David Bonior, D-Mich., who said he had been there. "It's a cathedral of nature, an American heritage. And it's our responsibility to protect it."
The question, added Bonior, was whether the nation will honor its heritage "or will the big oil companies win?"
BROAD ENERGY OVERHAUL
Protection of the refuge, which was created 41 years ago by President Dwight D. Eisenhower, emerged as the most hotly debated issue in a 510-page package of energy proposals approved late Wednesday night and sent to the Senate.
"This bill is a giant step forward in securing America's energy future," declared Rep. Billy Tauzin, R-La., chairman of one of eight House committees that had a hand in crafting the legislation.
In addition to the Arctic drilling, the House bill would provide $33.5 billion in energy tax breaks and credits, most of it to promote coal, oil, nuclear and natural gas development, but also about $6 billion aimed at spurring energy conservation.
Democrats said the bill was too heavily tilted toward helping energy companies with tax benefits over the next decade. They said $8 of every $10 would go to coal, oil, nuclear and other energy industries.
The revenue drain could force Congress to dip into Medicare or Social Security trust funds, Democrats charged. The White House acknowledged that the tax incentives would reduce the budget surplus by at least $30 billion.
Clashing images of the Arctic refuge
HIGHER MILEAGE STANDARDS REJECTED
Earlier in the day, the House by a 269-160 vote turned back a proposal that would have required sport utility vehicles to achieve a fleet average of 27.5 miles per gallon, the same as cars, by 2007. They currently have to meet a fleet average of only 20.5 mpg.
Overall automobile fuel economy peaked at 26.5 miles per gallons in 1986, said Markey. "We've been going backward ever since. This is not rocket science. It's auto mechanics."
Both sides on the issue cited a National Academy of Sciences report this week that said the technology exists to substantially cut motor vehicle fuel use. The report also criticized the gap between automobile and SUV fuel economy.
Opponents of the amendment noted that the report also suggested that if auto makers were pushed to act too quickly, they would build smaller vehicles, leading to more traffic deaths.
Those in favor of the higher standards said fuel efficiency improvements would save more oil each year than could be produced by drilling in the Arctic refuge.
The White House urged lawmakers against raising the fuel economy standard, known as CAFE, beyond a modest proposal already in the legislation that requires SUVs to reduce gasoline use by 5 billion gallons over six years. That amounts to less than a 1 mpg increase for SUVs, the bill's critics maintained.
The House bill also refused to allow California to opt out of a federal program that requires clean-burning gasoline sold in polluted areas to contain oxygen-boosting fuel additives.
The House debate on the broad energy package came days before Congress was to begin its summer recess. The action was the first legislative response to Bush's energy blueprint released in May and to growing concerns about the nation's energy future.
Thanks Josh! :)
Wamex Reaffirms ``Instox'' Joint Venture With CaribSecurities.com
NEW YORK, Aug 2, 2001 (BUSINESS WIRE) -- Wamex Holdings, Inc. (OTC: WAMX) is
telling shareholders not to worry - its joint venture with CaribSecurities.com and Trat.Net,
to activate the Instox website with the Wamex Internet Trading System is still on. This
was stated by CaribSecurities.com, in response to queries by a group of shareholders.
Sascha Mundstein, CEO of Wamex, assured shareholders that the backing of the New
York financial firm, Macrocom Investors LLC, is still in place. Macrocom is providing
interim funding to Wamex pending direct investment. Macrocom also helped negotiate
settlement and servicing of liabilities with Oracle Corporation (NMS:ORCL), who had
participated in the software production for Wamex in 2000.
The management of Macrocom reports that the due diligence necessary to generate the
direct investment is "progressing well," according to Mundstein.
The question about the Instox joint venture arose when a group identifying itself as
"Many Potential Investors across the United States" e-mailed David Lenertz, managing
director of CSCO Ltd, the Nevis parent of CaribSecurities.com, asking about the 3-way
deal.
"Myself and many fellow potential investors would like to know if Caribsecurities.com
has formally backed out of or is considering backing out of your "Instox" joint venture
agreement with Wamex Holdings, Inc. and Trat.Net. Your web site contains no mention
of this joint venture agreement," the e-mail read.
"We all hope that CaribSecurities.com shares our vision as well as patience to wait for
Wamex," the e-mail continued, "to complete its internal audit, SEC filings, and financing
to bring the Instox ITS platform to reality."
Lenertz replied that CaribSecurities.com "remains dedicated to the Instox joint-venture
and, as such, we look forward to combining their technology with our global trading
system as soon as Wamex is ready to do so."
CSCO launched a "GIST" Global Internet-based Stock Trading system early in July,
offering users access to 13 international stock exchanges around the world.
"Our plans call for the integration of the Wamex one-on-one direct trading technology
with the GIST system under the name Instox, in a move that we believe can change the
way investing is done," said Mundstein.
Safe Harbor Statement: This release may contain certain forward looking statements
that are made pursuant to the safe harbor provisions of the Private Securities and
Litigation Reform Act of 1995. Actual events or results may differ from the Company's
expectations.
CONTACT: Wamex Holdings, Inc.
Sascha Mundstein, 212/785-4485
mundstein@wamx.com
BICO Reports No Operational Reason for Stock Drop
PRNewswire via COMTEX
Aug 2, 2001 8:02:00 AM
PITTSBURGH, Aug 2, 2001 /PRNewswire via COMTEX/ -- BICO, Inc. (OTC Bulletin Board: BIKO) today announced in response to the recent drop in its stock price that nothing material to the Company's operations has occurred to cause such a decline. In fact, BICO's consolidated revenues are currently exceeding all historical results.
Led by Petrol Rem, BICO's environmental clean-up subsidiary, BICO anticipates that revenues will continue to increase during the third quarter. Further, BICO recently announced the acquisition of the exclusive worldwide marketing rights to the InstantScreen(R) Rapid HIV 1/2 test that shows 100% specificity and sensitivity in preliminary reports from Walter Reed Army Hospital evaluations. Biocontrol Technology, the Indiana, PA-based division, recently received what it hopes will be the first in a series of outside manufacturing contracts which will utilize their facility to generate revenue while clinical trials of the noninvasive glucose sensor continue. Subsidiary ViaCirq is generating revenue and continues to place its Thermo-Chem(TM) HT System at additional major health care institutions pursuant to evaluation agreements, which ViaCirq believes will result in sales of its extracorporeal hyperthermia equipment and disposables.
BICO, Incorporated has its corporate offices in Pittsburgh, PA and is involved in the development and manufacture of biomedical devices and environmental solutions.
FOR FURTHER INFORMATION, CONTACT: Investors Media Diane McQuaide Susan Taylor 1.412.429.0673 phone 1.412.429.0673 phone 1.412.279.9690 fax 1.412.279.5041 fax INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204 WEBSITE - www.bico.com
http://www.smallcapcenter.com/snapshot_quote.asp?component=compinfo.asp&page=snapshot.asp&ti...
Josh,
Do you have any dd links for USPX or LMRI? TIA.
2desire
Management is why Joe. Beatty did a number on the shareholders. New management now, but they are opposite of Beatty and tight lipped. 10q out soon. That should shed some light. If you have followed it as of late money can be made. it has support .03-.04 and resistance .05-.06. Many people flipping it and making money. Good luck.
2desire
LMRI up 80% today. Wonder what's brewing w/ that one? Anyone know? TIA.
2desire
Arch, Take a look at what TSRG did today.... Amazing, despite the rumors, heh heh.... up 25%.
2desire
http://www.askresearch.com/cgi-bin/chart?symbol=tsrg&country=USA&size=640x480&months=3+m...
LOL! Arch, I get a kick out of seeing things in writing I mention to you.
Universal Express, Inc. (USXP: .042) experienced a tremendous run yesterday when the company announced they were awarded a $389 million judgment. However, apparently as the question of how or if the company would actually be able to collect on the judgment soaked in, USXP began to fall. It closed today off .006 (12.5%). See Can They Collect? for details on the obstacles USXP may face in collections.
I do hope everyone got out on a decent exit point. I do think this will see a little run again. It will be interesting if the company releases a pr in regards to the ability to collect on the judgement.
2desire
GM Arch and all. Stru could be testing .10 soon. If it passes the resistance at .10, it is "accupick's" opinion, (remember him Arch?,LOL) that it could reach .14. It will be interesting to see that play out. Has to pass that resistance at .10 first.Muelheads's post last night confirmed .10 too. Looking good. Hope the charts are accurate. Have a great trading day all! Off to work soon.
2desire
Great site Muelhead!
2desire
Repost from STRU RB board...
Did anyone else notice the 'keywords' at the bottom of today's PR?
KEYWORD: IOWA
INDUSTRY KEYWORD: BIOTECHNOLOGY
MEDICAL
A possible additional interest in the medical aspect of swine? Hope this tease becomes a reality!
(Very) Long on STRU!
Good luck to all worthy investors!
Exactly Arch! I agree. About BARRY KAPLAN.....
Barry Kaplan Associates
Kaplan, Barry S. – President
623 River Road
Fair Haven, NJ 07704-3267
908-747-0702
Fax: 908-758-1837
smallkap@aol.com
Financial public relations firm in New Jersey since 1983. Investor relations, Wall Street contact, national reputation in financial communications
STRU NEWS!
*** NEWS ***
\ (BSNS WIRE) Struthers, Inc. Announces Initial Drawdown of Funding Provided
Struthers, Inc. Announces Initial Drawdown of Funding Provided By Alpha Venture
Capital Inc.
Business Editors/Health and Medical Writers
BIOWIRE2K
WAUKON, Iowa--(BW HealthWire)--July 18, 2001--
Barry Kaplan Associates Retained To Handle
Investor/Public Relations
Struthers, Inc. (NASDAQ OTC Bulletin Board: STRU) announced today
its initial drawdown of $250,000 from its $10 million standby equity
financing agreement with Alpha Venture Capital Inc.
This capital source was reported in a previous press release on
April 16, 2001 and the drawdown was accomplished through a Put
Purchase Notice with Alpha on July 13, 2001.
Mariano Raigo, President stated, "These new funds will be used in
our expanding swine industry operations aimed at the sale and
marketing of products and services designed to increase reproductive
efficiency, animal production and quality through our unique
technology. This funding was important to accelerate our success.
"I am also happy to report that the Company has retained the
investor/public relations firm of Barry Kaplan Associates to help
expand the knowledge of Struthers, Inc.'s exciting potential to its
large audience of professionals in the investment arena. Barry Kaplan
Associates has helped many companies over its 23 year history to
establish contacts on a nationwide basis with brokers, analysts,
investment advisors and institutions."
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on statements, each of which speak only as of the
date made. All such forward-looking statements are only estimates of
future results and actual results may differ materially from those
anticipated or projected. The Company undertakes no obligation to
update or revise any such forward-looking statements.
--30--PS/ch*
CONTACT: Barry Kaplan Associates
Barry S. Kaplan, 732/747-0702; smallkap@aol.com
STRU NEWS!
*** NEWS ***
\ (BSNS WIRE) Struthers, Inc. Announces Initial Drawdown of Funding Provided
Struthers, Inc. Announces Initial Drawdown of Funding Provided By Alpha Venture
Capital Inc.
Business Editors/Health and Medical Writers
BIOWIRE2K
WAUKON, Iowa--(BW HealthWire)--July 18, 2001--
Barry Kaplan Associates Retained To Handle
Investor/Public Relations
Struthers, Inc. (NASDAQ OTC Bulletin Board: STRU) announced today
its initial drawdown of $250,000 from its $10 million standby equity
financing agreement with Alpha Venture Capital Inc.
This capital source was reported in a previous press release on
April 16, 2001 and the drawdown was accomplished through a Put
Purchase Notice with Alpha on July 13, 2001.
Mariano Raigo, President stated, "These new funds will be used in
our expanding swine industry operations aimed at the sale and
marketing of products and services designed to increase reproductive
efficiency, animal production and quality through our unique
technology. This funding was important to accelerate our success.
"I am also happy to report that the Company has retained the
investor/public relations firm of Barry Kaplan Associates to help
expand the knowledge of Struthers, Inc.'s exciting potential to its
large audience of professionals in the investment arena. Barry Kaplan
Associates has helped many companies over its 23 year history to
establish contacts on a nationwide basis with brokers, analysts,
investment advisors and institutions."
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on statements, each of which speak only as of the
date made. All such forward-looking statements are only estimates of
future results and actual results may differ materially from those
anticipated or projected. The Company undertakes no obligation to
update or revise any such forward-looking statements.
--30--PS/ch*
CONTACT: Barry Kaplan Associates
Barry S. Kaplan, 732/747-0702; smallkap@aol.com