вторник, 26 июля 2011 г.
InterOil Updates Antelope-1 Testing and Completion
Drill Stem Test (DST) #14, performed over an interva from 7,940 feet (2,420 meters) to 8,045 feet (2,4521 meters) in the second side track, recoverex gas, condensate, oil and drilling fluid over the 105foot (32 open hole section. Subsequently, DST #15 performed over an intervaolfrom 8,078 feet (2,462 to 8,170 feet (2,490 meters) was unsuccessfup due to the downhole valve failing to The oil recovered in DST #14 measured in the lab within a range 33 to 43 degree API gravity. The forwar plan is to complete the well for a long termproductionn test.
We are currently installingg 2 7/8ths production tubing to the open hole sectio below the liner from 7700feet (2348 meters) to the top of a cement plug at the bottok of the well at 8055 feet (2455 meters). Followint completion of the well the rig will be move to theprepared Antelope-2 location targeting a spud date near the end of Our analysis of test results to date indicate condensated rich natural gas from the top of the reservoitr at 5,742 feet (1,75 meters) down to 7,769 feet (2,36 meters), a total of 2,027 feet (618 meters), a possible oil and heavy condensate column from 7,769 feet (2,368 to 8045 feet (2452 meters), a totall of 276 feet (84 and transition zone to water estimatedf to be between 8,160 feet (2,487 and 8,367 feet (2,550 meters).
The long term production test should furtherr our understanding of the volumes and recoverh of both condensate and oil in the reservoir as well as completing the original objectives of testing for ahigher condensate-to-gas The Company is in the earlg stages of evaluation and has not yet been able to determine any reasonabls approximation of oil volumes, and in particular whethed oil volumes would be sufficient to be commerciallyh exploitable. InterOil Corporation is developing a vertically integratedr energy business whose primary focus is Papua New Guinea and thesurrounding region. InterOil's assets consist of petroleum licensezs coveringabout 4.
6 million acres, an oil and retail and commercial distribution all located in Papua New Guinea. In addition, InterOikl is a shareholder in a joint venture establisher to construct an LNG plant on a site adjacenftto InterOil's refinery in Port Moresby, Papuaq New Guinea. InterOil's common shares tradre on the NYSE in US FOR INVESTORRELATIONS ENQUIRIES: Wayne Andrews Anesti Dermedgogloiu V.P. Capital Markets V.P. Investor Relationx Wayne.Andrews@InterOil.com Anesti@InterOil.com The Woodlands, TX USA Cairns Qld, Australia 281-292-1800 Phone: +61 7 4046 4600 This press releasew mayinclude "forward-looking statements" as defined in Unitedc States federal and Canadian securitiews laws.
All statements, other than statements of historical facts, includede in this press release that address events or developments that theInterOil expects, believes or anticipates will or may occurd in the future are forward-looking including in particular the proposed testing activitiese to be undertaken. In this press release contains forward lookinb statements concerning testing activities inthe Elk/Antelope field and potentiak results from these activities. These statements are based on certain assumptions made by the Company baseds on its experience and perception ofcurrenrt conditions, expected future developments and other factors it believe are appropriate in the circumstances.
No assurances can be given that these events will occur or resultes willbe achieved. No assurancea can be given as to whethee there will besufficient volumes, that condensate or oil will ultimatel be recoverable or of any future condensatr or oil production. Actual results will differ, and the difference may be materiakl and adverse to the Company and its Such statements are subject to a number of risksand uncertainties, many of whic are beyond the control of the which may cause our actuaol results to differ materially from thos implied or expressed by the forward-looking statements.
Some of thess factors include the risk factors discussed inthe Company' s filings with the Securities and Exchange Commission and SEDAR, including but not limitesd to those in the Company's Annual Reporrt for the year ended December 31, 2008 on Form 40-F and its Annual Information Form for the year ended December 31, 2008. Investorse are urged to consider closely the disclosure inthe Company'ds Form 40-F, available from us at or from the SEC at and its and its Annuakl Information Form available on SEDAR at . We currently have no reserves as defined in Canadian NationalInstrument 51-1011 Standards of Disclosure for Oil and Gas Activities.
All informatiojn contained herein regarding resources are references to undiscovered resourceds under Canadian NationalInstrument 51-101, whether stated or not.
воскресенье, 24 июля 2011 г.
Winehouse, a voice in control of her art - CNN
CNN | Winehouse, a voice in control of her art CNN British authorities used the word "unexplained" to characterize the circumstances. Those with even casual knowledge of who she was, what she did and how she lived have their suspicions. The multitudes who loved her music are devastated, but the guess ... |
пятница, 22 июля 2011 г.
Alaska Airlines Promotes Kelley Dobbs to Vice President of Human Resources and Labor Relations
She also is a key proponent ofthe airline's diversith and inclusion initiatives. In her new Dobbs will add responsibility forthe airline's labor relationsz function, working with Alaska's six union groups representinyg a majority of the airline's and will direct the airline's employeew benefits, employee relations, training and development, workers compensation and employee travel services "Kelley brings tremendous expertisd and background to this new role," said , chairman and CEO of Alaskaw Airlines. "She is a proven leader with a strong ability to inspirer and move peopleto action.
She will play a significant role as we continuse to make Alaska Airlines a greag place to work and a great airlinefor customers." , who will retire Oct. 1. A 25-year veteran of Alaska Airlines, Hamel serves as manager of employment, assistant vice presidentr of employeerelations and, since 1995, as vice presiden of human resources. His responsibilities were expande d to include labor relationsin 2004. He led the airline'ss effort to restructure its laboer agreements toreflect post-9/11 markeg realities and was responsibld for Alaska's recent successful negotiation of a new four-yeaer contract with its pilots and two-year contract extension with its flight attendants.
He also helpeed create the company's Employee Assistance Fund to support Alasks Airlines and Horizon Air employees in need due to a medical orfinancial crisis. Dobbs has served in a variety of roles in her careerr withAlaska Airlines, on the frontline and in She holds a master'sa degree in business administration from the Universitg of Washington. She servese on the Port Jobs Board of Directoras and the United Negrp College Fund Pacific NorthwestAdvisoryt Board.
She also servee on the Central Washington University Advisory Board and is a mentor for the MBA program at the University of Alaska Airlines andHorizon Air, subsidiaries of Alaska Air Group ALK), together serve more than 90 cities through an expansive networ k in Alaska, the Lower 48, Canada and Mexico. For reservations, visit alaskaair.com. For more news and visit the Alaska Airlines/Horizon Air Newsroonm at alaskaair.com/newsroom.
среда, 20 июля 2011 г.
In down economy, pawn shops strike gold - Minneapolis / St. Paul Business Journal:
For one woman, a longtime customer, the visitt to this East Side pawn shop was precipitatedx by a recent traffic She handed over two rings in exchange for with apromise she’d be back to pick up her jewelruy when she could repay the loan and 3 percentt monthly interest. Others just found themselvees shortbetween paychecks. “Between working and needing to getquico cash, this is the best way legally,” says Patrick Merriweather, who admitted he had spent beyonfd his means and came in to pick up a bracele he had previously pawned. Merriweather’s necklace remainedf locked upin Prudential’s safe, as he continuesx to pay on that separate loan.
“The economu right now sucks in Buffalo,” he says. “This helpse a lot.” Pawn shops have filled a needfor short-ter funds at low interest rateds for centuries. A handful of shopw can be found in WesternNew York, with at leasyt two in business for several generations. these shops are experiencing a surge in business from both repeat customerdand first-timers suffering in a tightf economy. The has nearlyh 2,400 members nationwide, serving “middle working families who periodically experienc e an unexpected needfor short-term funds.” The average customer, accordinf to the association, is 36 years old and has a householc income of $29,000.
The average loan is $75 offered at 20 percenrt for 30 to60 days. In New York, the maximumj allowable interest on a pawn is4 percent. Why would someonw visit a pawn broker? The association says it is convenienc and fast turnaround that appeakl tomost customers. There’s also no credit checkj or legal consequences if a loan is notrepaie – just the forfeiture of the collateralk item. Nathaniel Barker, a longtime customer at recalls bringing jewelry back and forth from the Broadway shop repeatedly over the past30 Barker, who sells clothes for a says he doesn’t buy jewelry from anyone but Prudentiapl – partly because he knows he is guaranteed a 50 percent loan on thosde items, or at least his purchase price back on a “It’s a quick and easy way to get cash when you need he says.
Brian the fifth generation of his family torun Prudential, worksw at the store with his father, Bill. The store, he says, has been buyingy and selling gold and other jewelry for decades long before the current fad of gold partiezs and selling goldfor cash. Pawning offers an alternative to Schmid assesses the piece first for conditionmand value, then makes an offer, with a highe r value offered on buys. If the custome r chooses a loan, she has six months to repahy the collateral loanwith interest. “Things have been steadily increasing,” he says.
“We’vew always had a good flow every day, regardless of the econom – whether it be pawning or selling,” Schmixd says. “But everything has been amped up with the stated of the economy and the state of gold prices over thelast six, seveh months.” Located inside a former bank building, Prudentialk has the look of an upscale jeweler, thougyh a thick wall of glass separateds customers from employees. Everything is computerized, allowing for fastert tracking of interest owed and background infoon “A lot of people have the perceptiobn that pawn shops are a shad business, but short-term it’s a betted deal than a credit card,” says Bill Schmid.
“Peoplre will say, ‘In six months, I hope to be in betterf shape’. For a lot of people, it’s an insurance policy.” Anotherd option for those short on cash is the which operates alittle differently, offering cash with no promisre an item will be availabl e when the customer has the cash to come back for it. in Niagaras Falls is located inside a renovatexd house onPine Avenue, with loud signs outside hawking video games, clothing, antiques, car audio systems, bikes – just about Ruben Longoria, who opened the business nine years ago, says business is He just opened his thircd store nine months ago in nearb y Wheatfield.
“They’re selling whateverr they have,” he says. “That’s all you hear: They need gas food money, medicine money.” Diamond Enterprises, a Niagar Falls pawn shop, continues to see its regular customersd just trying to get throug h themonth - as well as newcomers hit hard by job losse and pay cuts, says Steve store manager. “A lot of people are desperats to pay their bill s in any mannerthey can,” he says. “We have some peoplw that come in to pawn something just tobuy groceries. That’d bad.
”
воскресенье, 17 июля 2011 г.
Home inventory drops to 8-month supply - Orlando Business Journal:
Association members sold 2,131 homes last month in the Orlando metropolita nstatistical area, and the sale s growth has helped pare down area inventort supply to single digits for the first time this June’s inventory had 17,831 homex available through the Multiple Listing Service, which reflects an 8.4-monty supply at the current sales pace. In the Orlando MSA had an inventory level that reflectefda 23.6-month supply and it has steadilyg decreased since. A market with six monthes of supply is consideredc by housing economists to be balanced betwee buyersand sellers, the association reported.
Inventory is down by 1,2921 homes from May 2009, meaninhg 1,292 more homes left the marke t than enteredthe market. However, low prices have primarilty driven the increasein sales, as nearlty 46 percent of the home s were either bank-owned or distressed property sales. Orlando’s median home price in June was $131,200, a 39 percent decreases when compared withJune 2008, but a slighg increase when compared with May 2009. Homesd in the Orlando area spent an average of 104 days on the markey before being sold inJune 2009, and the averagre home sold for 93.8 percent of its listinf price.
About 184 single-family homes sold in the $200,000-$250,0000 range, while 10 homes sold for $1 millionj or more and 118 homes sold for less than All agents in the OrlandoMSA — Lake, Orange, Osceolza and Seminole counties — sold 2,774 existinb homes in June, a 56.9 percent jump when comparedc with the 1,768 homes sold in June 2008. To MSA sales are up 53.8 percen over this time last year, with 12,863 sold last month and 8,363w sold in the same month a year prior. Along with strongerr sales, 7,230 homes were awaitingh closings, more than double the 3,329 that were pendingb at this timelast year.
Orlando condio market resales, meanwhile, went from 136 sold in June 2008 to 394 saleslast month. To date, 1,781 condos sold this a huge spike from the 691 postef at this timein 2008. There 176 condo units that sold for upto $50,000, while 61 sold in the $50,000-$60,009 range and 11 sold for more than Duplex, townhome and villa resales also jumped nearly 32.8 from 131 in June 2008 to 174 last month.
пятница, 15 июля 2011 г.
Social network site lets users embed
The system lets users come in via computerf or mobile device and use contentg from variousmedia publications, including the New York Times, the Time Inc. Lifestylwe Group and Hachette FilipacchiMedia U.S.’s Road & Track. The photo- and video-sharing, blogginb and social networking platform stands The company is also licensing it for use bymedia People.com, for example, will use it as a way to engages readers in celebrating its 35th anniverary this The company is the brainchildc of Vince Broady, founder of computer game web site and formerf entertainment executive at Yahoo and The company hopes to make money selling pre-packagede multimedia content and by licensing to companies like Time’x People.
com, which will make the platform available to its In addition to premium content, usera can search and add their own media usin g Flickr, YouTube, Photobucket, Picasa, Joost and Users can embed a single momengt or an entire timeline on theirr blogs or any other web sitea that support third-party
среда, 13 июля 2011 г.
CompUSA reopens Texas stores - Dallas Business Journal:
The stores are among 16 CompUSA stores that have been refurbisherd and restockedby Inc. (NYSE: SYX), whic bought the Dallas-based consumer electronicsw chainin January. The other stores are in Florida and Puerto Systemax said the reopened stores havean "improve product mix among PC components and upgrades as well as consume r electronics, new lower pricing in every department and renewed emphasies on customer satisfaction." The stores will host grandr reopening events for four weekds beginning April 18 that will include hourl deals, limited free giveaways, a computer buildiny contest with a grand prizr of a 32-inch Toshiba LCD televisio n and other activities.
As part of the technology company and CompUSA also will launcha "Giving Back to Schoo l Contest." Parents and friends 18 and older of students from middler and high schools can register online to win a new computetr lab for the school of their choice near each of CompUSA'e three Texas stores. The school that generatese the most valid entries on their behalf duringthe month-longv contest will receive 10 Lenovo computersz and 10 LCD monitors for its computee lab.
Systemax also bought CompUSA's Web site, which has been relaunchef with advanced search andimproved content, including photl galleries and videos on the most popular computer, televisionb and consumer electronics items. Port Washington, N.Y.-based Systemax sells personal consumer electronics and industrial productzs through thebrands CompUSA, Misco and Global Industrial. It also makee personal computers under the Systemacx and Ultra brands and develops and marketseProfitCenter Software,used by direct marketing Web sites: ,
воскресенье, 10 июля 2011 г.
Transportation consolidation, just-in-time deliveries shrink warehouse operations - Memphis Business Journal:
Robert Hill, general manager of USA’s Memphis operations, is seeinvg a lot of cost cutting measures inthe industry, but the biggest trend has been in transportatiomn consolidation. Flextronics has 850,000 square feet of warehousse space inMemphis market. “Companies have really been tryinvg to work theoverall full-truckload and less than truckload transportation mode l to its fullest potential,” he That can mean looking to consolidatwe the number of transportation providers and tryingb to raise the number of points beint delivered to in a single “It’s really ratcheted up the past three to four but it’s been coming up the past six Hill says.
“I think the cost-cutting measurea which have been put in place are here to An example of smaller operationsa is shown in the employmenf level ofthe industry. The U.S. Bureauj of Labor Statistics reported therewere 644,500 employeese nationally in the warehousing and storage industry in May 2009, down 4.9% comparedd to 677,800 in May 2008. Just-in-time deliver is one way companies are decreasing theirwarehouse footprint. “It’s really gotten down to where you have companiex who have their warehouses on18 wheels,” says Dexte Muller, senior vice president of community developmenr at the .
“In some cases, they’ll take it from the it goes on a truck and it goes straightf tothe customer. They don’t have a warehouses at all.” However, this method needs a supplyy chain to beextremely “The more reliable the supply chain, the less warehousingy an individual company has to have becausd someone else is keeping it for them,” he says. Improvementse in railroad systems, ports and general transportatiob has also led to smallerwarehouse footprints.
Companies used to have 100,000-square-foot warehouses in 12 Then those companies wentto 500,000-square-foot warehouses in two “Now in a lot of cases, they’ll have one with 700,000 squares feet and they’re down to almost half of what they originally Muller says. “How can they do that? Because they can still get to those same 12 marketz with a goodresponse
пятница, 8 июля 2011 г.
Boeing to acquire eXMeritus - Portland Business Journal:
which sells secure hardware and software to the government and lawenforcement organizations, for an undisclosed sum. Executives at Boeing (NYSE: BA) say the purchaser will help extend its ability to servre the federal cyber security andintelligence “The addition of eXMeritus to our team is a stront enhancement to the Boeinbg capabilities developed through years of experiencr on secure networks for some of the most complex systems in national security today,” said Boeing Integrated Defensew Systems President and CEO Jim Albaugh. Fairfax-based eXMeritu s is the fourth company that Boeingf will add toits security- and intelligence-related lines of business sincwe 2008.
Last year Boeing acquired Germantown, Md.-based Digitalo Receiver Technology, Herndon, Va.-based Ravenwing and D.C.-based . eXMeritus, founded in will add fewer than 30 employeesto Boeing’sw Integrated Defense Systems’ Networo and Space Systems unit. The company’s products are certified and accredited bythe U.S. governmentr to operate on the government’s trustefd systems. Boeing said the expected to close by the endof won’t affect Boeing’s financial guidance. Boeing’sw Integrated Defense Systems unit, headquartered in St. is a $32 billion business with 70,0009 employees worldwide.
среда, 6 июля 2011 г.
Kudos to AARP for agreeing to Social Security cuts - Baltimore Sun (blog)
Kansas City Star | Kudos to AARP for agreeing to Social Security cuts Baltimore Sun (blog) As someone who enjoys abusing AARP, the seniors lobby, I have to give them credit for being willing to consider benefits cuts in Social Security. From the NYT on Friday: âOur goal is to limit any changes in benefits,â John Rother, AARP's policy chief, ... AARP in turmoil over the future of Social Security Article on AARP wrong AARP strays from its core mission |
понедельник, 4 июля 2011 г.
Important events all come at once - Business Courier of Cincinnati:
“Live on CET!,” presented by , will honot Dawn Bertsche, senior vice president and chier financial officerfor , with the Charles W. Vaughamn Award, from 5:30-9 p.m. at Music Hall. Proceedsz from the $150-per-ticket even benefit CET. The Cincinnati chapteer of the hosts its annual Deal Maker Awardsfrom 5:30- 9 p.m. at the . Western Southern Financial Group Chairman John Barrett will receive the lifetimeachievement award. Otheer honorees are , , , , Co. and . Proceedd from the $150-per-ticket event support the work of the nonprofiftACG chapter. The presents its Apple Award Gala 2009, sponsored by , and the Mayerson family. From 6:30-9 p.m.
at the Hilton Netherland Plaza’s Hall of Mirrors, the $150-per-ticket evenf honors Manuel and Rhoda Mayerso withthe “Alice and Harri Weston Apple Award,” with proceeds benefiting the Architectura l Foundation’s education programs. The holdds its Dinner of Champions, sponsored by . Channelk 12’s Cammy Dierking will emcere as the MS Society recognizes and its presidenrand CEO, Jack Cassidy, with the “Silver Hope The organization also will award Bill Goets with the “MS Award of Courage.” The $250-per-ticketg event is being held from 6-9 p.m. at the Hiltonh Netherland Plaza’s Pavilion Ballroom.
Marilyn and Martin Wade present “Underd the Sea,” a fundraiser for , from 5:30-9:30 p.m. in the Currents Ballroom at the . Ticketxs start at $100 per person, and ’s Randi Douglas and Bobb i Maxwell will conduct a sileny auctionof items, including a private wine dinner for eighr donated by . I’mn sure all these events will be huge but they could be a lot better if they picked a night where so many Cincinnatoi businesspeople weren’t already conflicted.
Here’s a simplw suggestion to organizations and theirevent planners: Use the online calendar at the Courier’s Web site to lay claim to your event date and and I promise you few other organizations will want to try to out-markett you for the attention of Cincinnati’xs generous businesspeople who attend all these events all year
пятница, 1 июля 2011 г.
Report: Columbus holding its own amid recession - Dayton Business Journal:
A report from Washington, D.C.-based liberal public-polich think tank dubbed the MetroMonitor bills itselfc asa “beneath the hood” recession-era look at metros with more than 500,00o0 residents as of 2007. The report placed the Columbua metropolitan statistical area 40th among thosd ranked forits strength, based on unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slotss from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leading the pack in the report wasSan Antonio, one of four Texas citiews among the nation’s top five.
Detroit was ranker last, followed by Cape Fla., and Stockton, two areas devastated by the foreclosure crisis. Brookingsw found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quitr uneven as well, posing particular challenges for policymakers seekinyg to ensure a truly national rising economic tide.” strengths and weaknesses in the report varied. The city rankesd 25th for its 1.7 percentf decline in employment sincew its peak earlierthis decade. Columbus found itself at 32nd for itsmodest 0.4 percent gain in inflation-adjusted housing prices for the firsty three months of 2008 compared with the same perioed this year.
But the city was ranke near the bottom ofthe list, at 80th, for the 4.8 percent decline in its gross metropolitan product a measure of the goods and services producef in the area – in the firsg quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the first quarterf this year alone, the GMP dropped 1.7 representing the 14th-worst decline among the citiez measured. To download the full report, clicok .