Archive for the 'Indonesia' Category

Only Half-a-kilometre Of Drilling Left For SMART Tunnel

KUALA LUMPUR:  Only half- a-kilometre of drilling work remains for the Stormwater Management and Road Tunnel (SMART) Project, said Drainage and Irrigation Department (DID) Director-General Datuk Paduka Keizrul Abdullah.
He said the drilling machine “Tuah” was currently operating northward of the city and would penetrate the area in front of the flood retention pond in Kg […]

Sunday, February 11th, 2007

Court upholds $4 million verdict against Tulsa gas drilling company

DENVER The Colorado Court of Appeals is upholding a four (m) million-dollar jury verdict against an Oklahoma gas-drilling company.
Tulsa-based Williams Production Company was ordered in 2004 to pay the award to a rancher who said he hadn’t been paid all the natural gas royalties he was due.Williams appealed the verdict and argued that some evidence […]

Sunday, February 11th, 2007

Appeals court upholds $4 million verdict against drilling company

DENVER (AP) — The Colorado Court of Appeals on Thursday upheld a $4 million jury award to a western Colorado sheep rancher who argued a natural-gas drilling company had not paid him all the royalties he was due over several years.
Tulsa, Okla.-based Williams Production Co. had appealed the August 2004 verdict, arguing that evidence was […]

Sunday, February 11th, 2007

Drilling delays hit GSPC’s IPO plans

The USD 1-billion initial public offering, IPO by GSPC has been delayed by at least another one-year. This is despite the fact that it has shortlisted four MNC merchant bankers — UBS, HSBC, Morgan Stanley and Citibank — to advise on the IPO.
GSPC now plans to tap the capital markets in early 2008. Besides, […]

Sunday, February 11th, 2007

Drilling rig finds new home

An antique portable drilling rig has found a new home in anticipation of construction of Cherokee Strip Regional Heritage Center.
The Failing Co. portable drilling rig, which is part of Museum of the Cherokee Strip’s permanent display, was taken to Enid Antique Auto Club Saturday morning.
Although museum officials don’t yet know when construction on the museum […]

Sunday, February 11th, 2007

Oremex Commences Drilling at San Lucas Property

VANCOUVER, Feb. 9 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
“Company”) announces that it has commenced drilling on its San Lucas Property
80 km north of Durango in the State of Durango, Mexico.
“The San Lucas Property has significant exploration potential. The
5,000-metre program of drilling will begin to test extensions of
mineralization along strike and below previously drilled […]

Sunday, February 11th, 2007