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Recent Quotes: UPDV 0.0057 0.00 3. Juli 2008 06:41:42 EDT News Story InvestSource Inc.: Heartland Successfully Completes Testing of New Kansas Pipeline Thursday July 03, 2008 04:09:40 EDT Jul 03, 2008 (M2 PRESSWIRE via COMTEX News Network) -- Stocks in the News: Universal Property Development and Acquisition Corporation (OTCBB:UPDV), Transmeridian Exploration Incorporated (AMEX:TMY), Victory Energy Corporation (OTC BB:VYEY), Transocean Inc. (NYSE:RIG) Jul 02, 2008 -- The exploration and production arm of Universal Property Development and Acquisition Corporation (OTCBB:UPDV), Heartland Oil and Gas Corp., has successfully conducted pressure testing on its new 4 mile pipeline in Kansas, signaling the completion of that pipeline. Work was then immediately commenced to install the flow lines to each of the 12 new wells to be connected in order to begin the sale of the coalbed methane being generated by those wells. With this successful testing and anticipated connection of 12 wells, Heartland expects to double the coalbed methane production from this field in Southeast Kansas. In addition, vast additional acreage will be open for further development and drilling along the 4 miles to be accessed by the pipeline. "We put the necessary pressure into the pipeline and found no leaks along its entire length," reports Augie Soto, COO of Aztec Well Services, Heartland's prime contractor on the work. "The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation of the 4 inch flow lines without delay and have scheduled the contractor to fracture the wells so they are ready for production as soon as we can connect them." Jul 02, 2008 -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it has strengthened its position in Russia's Dagestan region with its acquisition of both a second field and an undrilled anticline in trend with its Gasha Field. The company has concluded negotiations with its partners in DNK LLC on the joint operations of its properties in the region and signed a joint operating agreement. The agreement calls for an initial work program which includes a 200 square km 3D seismic program as well as re-entry of four wells and drilling of two new evaluation wells. The company, through a wholly owned subsidiary, owns a 50% interest in DNK, which has acquired the 125 sq km Selli License containing both the Selli Field and the Ullu Chai anticline. The License is immediately adjacent to DNK's Gasha License, both of which are located onshore in the Republic of Dagestan, an autonomous region within Russia located along the northwestern Caspian shoreline. Gasha and Selli Fields are part of a prolific oil and gas trend of anticlinal fractured carbonate structures discovered in the 1950s and developed to the extent that the technology of that era allowed under Soviet field development practices. The 20-year Selli License consists of two anticlinal structures in trend with the Gasha Field. One of these structures is the Selli Field, approximately 30 sq km in area, penetrated by 56 wells, and the other anticline is Ullu Chai, which is of potentially similar area as Selli and is undrilled. |
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| aus der Diskussion: | UPDA - CFUL - HOGC / Öl und Gasförderung - Vermarktung - Alternative Energieen |
| Autor (Datum des Eintrages): | poppele (03.07.08 12:47:37) |
| Beitrag: | 49,604 von 49,777 (ID:34429425) |
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