Energy, Oil and Gas

Oilsource Holding Group Inc. and Abundant Biofuels Corporation Form Joint Venture to Produce Biodiesel in Colombia from Jatropha Using Abundant’s Proprietary Agronomy Techniques

Author: Abundant Biofuels Corporation
Dateline: Mon, 22 Oct 2007

freeNewsArticles Story Summary: “BOGOTA, COLOMBIA and MONTEREY, Calif. (SEND2PRESS NEWSWIRE) -- Oilsource Holding Group announced that it has joined with Abundant Biofuels Corporation to begin producing biodiesel from non-food crops in Colombia. Abundant Biofuels Colombia SRL has identified a strong interest from private and government sector.”



A R T I C L E:

ARCHIVAL CONTENT

BOGOTA, COLOMBIA and MONTEREY, Calif., Oct. 22 (SEND2PRESS NEWSWIRE) -- Oilsource Holding Group (www.oilsourceholding.com) announced that it has joined with Abundant Biofuels Corporation (www.abundantbiofuels.com) to begin producing biodiesel from non-food crops in Colombia. Abundant Biofuels Colombia SRL has identified a strong interest from private and government sector.

"Our goal is to produce biodiesel and biomass for electricity needs in rural areas," said Felipe Cano, CEO of Oilsource Holding, "We will not compete with local palm oil; jatropha will be a smart, complementary alternative for the national Biodiesel Mission.

"The Company plans to plant 100,000 hectares with jatropha curcas. We estimate investment of $45 million. Given our farming experience in Africa, we will diversify the harvesting into four different zones within Colombia. This gives an accurate analysis of the behavior and yields of the plant under different soil conditions." According to Mr. Cano Abundant Biofuels' experience with jatropha in Africa will enable the joint venture to become the dominant producer of biodiesel producing biodiesel from jatropha in Colombia.

Charles Fishel, CEO of Abundant Biofuels added that jatropha is the only biodiesel feedstock that does not does not divert agricultural land from food production. "Jatropha has the added advantage of producing 20 times more energy than the energy that is required to produce it," Fishel said. "Most other feedstocks consume almost as much energy in production as the energy produced."

Mr. Cano concluded, "Alternative special crops available today like jatropha and algae and, in the near future, cellulosic diesel ('designer fuels') made directly from oil and biomass not only make social but economic sense as well."

Oilsource Holding Group Inc. is headquartered in Bogota, Colombia. Abundant Biofuels Corporation is headquartered in Monterey, CA USA.

For further information:
Oilsource Holding Group Inc.
www.oilsourceholding.com

Colombia
Dr. Jose David Lora
Tel. (57)17593132
Cel. 3102147610

USA
Felipe Cano
510-776-0074


Abundant Biofuels Corporation
www.abundantbiofuels.com

USA
Dr. Charles V. Fishel
831-224-8800
cfishel@abundantbiofuels(.com).

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Copyright © 2007 by Abundant Biofuels Corporation and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/07-1022-Oilsource_72dpi.jpg

Story Title: Oilsource Holding Group Inc. and Abundant Biofuels Corporation Form Joint Venture to Produce Biodiesel in Colombia from Jatropha Using Abundant's Proprietary Agronomy Techniques
• REFERENCE KEYWORDS/TERMS: Abundant Biofuels Corporation, , , Oilsource Holding Group, Energy, Oil and Gas, , , .

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Energy, Oil and Gas

Eco Capital and Invest, Inc. and Green Oil Technologies, LLC Introduces Next Generation Gasification Technology to U.S. Markets

Author: Green Oil Technologies, LLC
Dateline: Fri, 28 Sep 2007

freeNewsArticles Story Summary: “SAN DIEGO, Calif. - Sept. 28 (SEND2PRESS NEWSWIRE) -- Eco Capital and Invest, Inc. of Michigan City, Indiana and Green Oil Technologies of Denver, Colorado have made next generation gasification systems available to the North American markets, using the patented German Technology called KUG Thermolysis. Gasification plants convert many types of waste products into gas and electricity cleanly and efficiently.”



A R T I C L E:

European plant proves excellence operating within much stricter German environmental regulations

SAN DIEGO, Calif. - Sept. 28 (SEND2PRESS NEWSWIRE) -- Eco Capital and Invest, Inc. of Michigan City, Indiana and Green Oil Technologies of Denver, Colorado have made next generation gasification systems available to the North American markets, using the patented German Technology called KUG Thermolysis. Gasification plants convert many types of waste products into gas and electricity cleanly and efficiently. Specifically designed to convert used tires into clean burning, high quality gas in an environmentally friendly process, these plants can easily be converted to gasify waste plastics, paper, biomass, wood waste and certain other waste products that would otherwise wind up in our landfills.

Green Oil TechThe new patented gasification technology resolves the problems that plagued older processes because of their undesirable byproducts such as exhaust fumes and gases. There have been hundreds of different gasification processes tried over the years and each had problems with environmental or cost issues. The new KUG Thermolysis technology solves these problems while generating valuable by-products such as carbon black and industrial coke that is used in the manufacturing processes of iron and steel.

The gasification process heats a feedstock such as used tires or plastic waste indirectly in an oxygen free environment. This causes a chemical reaction to take place that produces the usable gas. Gas quality or its ability to generate heat is usually measured in BTUs (British Thermal Units) and the quality of the gas generated using the new technology can reach almost 100% of the BTU ratings achieved by natural gas depending on the feed stock used. This makes it perfect for industrial applications to heat boilers, kilns, and other processes where a lot of heat is needed.

The gas can also be used in gas engines and turbines to generate electricity. The added benefit is that because of the internal redundancy in this new technology a complete conversion is achieved which produces a by-product of carbon black or industrial coke. Both of these by-products have excellent commercial value creating additional revenue for the operator.

Gasification should not be confused with incineration which takes place in the presence of oxygen and can produce toxic gases and other waste products that have little if any commercial value and must ultimately be disposed of in our landfills.

In San Diego, Jan Nanning, the representative for Green Oil Technologies, the distributor for Eco Capital in the United States says "We must keep an open mind to advances in technology. The technology continues to improve because we have a clearer understanding of what the past problems were and how to correct them."

There are many potential applications for the use of this new technology. A KUG gasification plant is relatively small and could benefit landfill owners by diverting a substantial amount of landfill trash into gas or electricity; creating an additional revenue stream. Trucking firms with large fleets could recycle (gasify) their own tires, saving the disposal fees, and generating gas or electricity for their own use or for sale to the electrical grid.

A gasification plant that converts about 150 tons of tires per day (an 18 wheeler semi-truck produces a ton of waste tires per year) could produce about 15MW (megawatts) of electricity or enough power to supply about 15,000 to 18,000 average San Diego homes. A basic plant such this would cost around $14 million plus the cost of specialized equipment to process the particular type of feedstock being used and end products being produced. Once operational these plants should realize an 18-24 month payback of their capital investment; a very quick return of start-up costs.

For more information, contact: Jan Nanning, jan.nanning@greenoiltech(.com).


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Copyright © 2007 by Green Oil Technologies, LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Eco Capital and Invest, Inc. and Green Oil Technologies, LLC Introduces Next Generation Gasification Technology to U.S. Markets
• REFERENCE KEYWORDS/TERMS: Green Oil Technologies LLC, , , KUG Thermolysis, Energy, Oil and Gas, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Green Oil Technologies, LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 28 Sep 2007 15:35:00 GMT].

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Energy, Oil and Gas

Spirit Drilling and Completion Fluids Expands to Rockies, Renames Dynamic Drilling Fluids Operations

Author: Spirit Drilling and Completion Fluids
Dateline: Fri, 28 Sep 2007

freeNewsArticles Story Summary: “HOUSTON, Texas and DENVER, Colo. - Sept. 28 (SEND2PRESS NEWSWIRE) -- Spirit Drilling and Completion Fluids announced today that Dynamic Drilling Fluids of Denver, Co. will combine with the company, expanding Spirit's operations into the Rocky Mountain region. The company will be renamed Spirit Drilling and Completion Fluids, LTD and will be a key component in Spirit's expansion.”



A R T I C L E:

ARCHIVAL CONTENT

HOUSTON, Texas and DENVER, Colo., Sept. 28 (SEND2PRESS NEWSWIRE) -- Spirit Drilling and Completion Fluids announced today that Dynamic Drilling Fluids of Denver, Co. will combine with the company, expanding Spirit's operations into the Rocky Mountain region.

The company will be renamed Spirit Drilling and Completion Fluids, LTD and will be a key component in Spirit's expansion from the Gulf Coast into the significant petroleum basins of North America. Both Spirit and Dynamic customers will benefit from a larger technical staff, improved logistics in the form of warehousing, well programming and stock points, and continued product development.

"The philosophies and approach to business of each of our companies are very well matched," said Dynamic's founder, Don Williams, "We feel we are gaining a great partner; and with Spirit's robust mineral supply, our combined operations and capabilities will continue to expand."

The partnership with Dynamic has deepened and developed into this latest move. We are proud to welcome the Dynamic people into our group in order to continue to provide outstanding service and products to our customers," Bill Micho, president and CEO of Spirit stated. "Dynamic's expertise in the region will be a tremendous benefit as we develop technology with products specific to the challenges faced by operators in the Rockies."

Spirit Drilling and Completion Fluids is a provider of products and services to the oilfield industry. Spirit will operate in North Dakota, Wyoming, Idaho, Colorado, New Mexico, Oklahoma, Texas, Louisiana and the Gulf Coast inland and offshore waters. The new company will employ more than 160 professionals.

Company website: www.spiritfluids.com .

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Copyright © 2007 by Spirit Drilling and Completion Fluids and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Spirit Drilling and Completion Fluids Expands to Rockies, Renames Dynamic Drilling Fluids Operations
• REFERENCE KEYWORDS/TERMS: oilfield industry services, , , Spirit Drilling and Completion Fluids, Energy, Oil and Gas, , , .

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Energy, Oil and Gas

Ark-La-Tex Energy Sells East Texas Oil and Gas Properties to Sojitz Energy Venture

Author: Lantana Oil & Gas Partners
Dateline: Mon, 10 Sep 2007

freeNewsArticles Story Summary: “HOUSTON, Texas - Sept. 10 (SEND2PRESS NEWSWIRE) -- Lantana Oil & Gas Partners announced today that Ark-La-Tex Energy, LLC and its partners, including Pinkston Resources, have sold a package of oil and gas producing properties to Sojitz Energy Venture, Inc., an affiliate of Tokyo-based Sojitz Corporation, for approximately $79 Million US.”



A R T I C L E:

HOUSTON, Texas - Sept. 10 (SEND2PRESS NEWSWIRE) -- Lantana Oil & Gas Partners announced today that Ark-La-Tex Energy, LLC and its partners, including Pinkston Resources, have sold a package of oil and gas producing properties to Sojitz Energy Venture, Inc., an affiliate of Tokyo-based Sojitz Corporation, for approximately $79 Million US.

(c) Send2PressThe properties consist of approximately 6,400 acres located in Panola, Rusk and Harrison counties, Texas and included twenty-six (26) producing wells with gross production of 6.0 MMCFD. Fields include South Carthage Field (Panola County), Minden and Shiloh Fields (Rusk County) and Blocker Field (Harrison County).

This acquisition is the first onshore East Texas deal done by a Japanese company. Prior to this deal, Sojitz Energy has been an active player in the Gulf of Mexico, North Sea, Qatar, Egypt and Brazil.

Ark-La-Tex Energy is an E&P company based in Shreveport, Louisiana with a focus on East Texas and North Louisiana. Ark-La-Tex's founder and President, Mike Boudreaux, has spent his career drilling and producing wells in various states and basins, but has spent the last 17 years focused on the Cotton Valley and Travis Peak of East Texas and North Louisiana.

Divestment advisory services for the Ark-La-Tex Energy deal were provided by Lantana Oil & Gas Partners. Ark-La-Tex and Lantana will be marketing another package of gas producing properties in early September (9,200 acres / 5.0 MMCFD and 54 BOPD / 26 producers / 224 locations / Nacogdoches, Cherokee, Harrison counties, Texas / Caddo Parish, LA). Contact Lantana Oil & Gas Partners for more details (713) 426-9001.

Lantana Oil & Gas Partners is a leading oil and gas asset divestiture firm based in Houston, Texas. More information: www.lantanaoilandgas.com.

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Copyright © 2007 by Lantana Oil & Gas Partners and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Ark-La-Tex Energy Sells East Texas Oil and Gas Properties to Sojitz Energy Venture
• REFERENCE KEYWORDS/TERMS: Lantana Oil & Gas Partners, , , oil and gas producing properties, Energy, Oil and Gas, , , .

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Energy, Oil and Gas

Think Energy Assists the State of Wisconsin in Achieving Clean Energy Goals

Author: Think Energy, Inc.
Dateline: Fri, 15 Jun 2007

freeNewsArticles Story Summary: “TAKOMA PARK, Md. - June 15 (SEND2PRESS NEWSWIRE) -- Think Energy, a renewable energy consulting firm, congratulates the State of Wisconsin on the release of a request for proposals for a long-term renewable energy purchase. Through a joint effort with the Responsible Purchasing Network at the Center for a New American Dream, Think Energy helped the State of Wisconsin draft a request for proposals.”



A R T I C L E:

TAKOMA PARK, Md. - June 15 (SEND2PRESS NEWSWIRE) -- Think Energy, a renewable energy consulting firm, congratulates the State of Wisconsin on the release of a request for proposals for a long-term renewable energy purchase. Through a joint effort with the Responsible Purchasing Network at the Center for a New American Dream, Think Energy helped the State of Wisconsin draft a request for proposals that will help them to achieve their goal of purchasing 25% of the energy used in State buildings from renewable sources. This endeavor involved coordination among the state's utility commission, government, and utilities.

)c) Send2PressThink Energy coordinated the request for proposals development process by identifying and resolving stakeholder concerns about the size and structure of a large State renewable energy purchase. Think Energy brought the largest utilities in Wisconsin into a dialogue with the Public Service Commission of Wisconsin and the State Department of Administration. Think Energy also worked with the Department of Administration to define their goals for this initial renewable energy purchase. The State hopes to sign ten-year contracts for up to 90,000 megawatt-hours (MWh) by the end of 2007 and up to 180,000 MWh by the end of 2011. These goals were outlined in Wisconsin's Energy Efficiency and Renewables Act of 2006. This Act can be found at http://www.legis.state.wi.us/lc/publications/im/im_2006_01.pdf.

Think Energy Chief Executive Officer Mark Crowdis applauds Wisconsin's proactive response: "States like Wisconsin are taking initiative and providing leadership in America's switch to green energy. By defining clean energy goals and considering the input of utilities, project developers, and technology vendors, Wisconsin has laid a blueprint for success that other states can and should replicate."

About Think Energy, Inc.
Think Energy is a consulting firm committed to expanding the use of clean, renewable energy. Think Energy enables its clients to access the financial, environmental and energy security benefits of renewable and distributed energy systems and products. The company works primarily with large energy consumers, helping them find the most economical strategies for using environmentally friendly sources of energy to run their organizations. More information: www.thinkenergy.net.

About The Responsible Purchasing Network
The Responsible Purchasing Network at the Center for a New American Dream is America's first national organization dedicated to helping institutional buyers identify and acquire socially and environmentally-responsible products. A group of the country's leading purchasers has created programs and services that reduce the legwork and eliminate the guesswork from buying responsibly. The resources are available online at: http://www.ResoponsiblePurchasing.org.


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Copyright © 2007 by Think Energy, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Think Energy Assists the State of Wisconsin in Achieving Clean Energy Goals
• REFERENCE KEYWORDS/TERMS: Responsible Purchasing Network, , , Think Energy Inc, Energy, Oil and Gas, , , .

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Energy, Oil and Gas

Kedron Corporation Discovers a New Energy Source that is Extremely Inexpensive, Abundant and Pollution-Free

Author: Kedron Corporation
Dateline: Thu, 14 Jun 2007

freeNewsArticles Story Summary: “FAIRVIEW, Tenn. - June 14 (SEND2PRESS NEWSWIRE) -- Our dire need for a new source of inexpensive, pollution-free energy to free us from our dependency on foreign oil may have been met by a scientist in Tennessee. A new extremely inexpensive, pollution-free source of electricity has been discovered and is now being considered by major international corporations. This new technology produces electricity without chemical reactions, combustion or pollution.”



A R T I C L E:

Dr. Kenneth Kozeka, owner of Kedron Corporation and DermaCross, has discovered an inexpensive way to produce electricity

FAIRVIEW, Tenn. - June 14 (SEND2PRESS NEWSWIRE) -- Our dire need for a new source of inexpensive, pollution-free energy to free us from our dependency on foreign oil may have been met by a scientist in Tennessee. A new extremely inexpensive, pollution-free source of electricity has been discovered and is now being considered by major international corporations. This new technology produces electricity without chemical reactions, combustion or pollution.

Mechanical energy generated by the powerful magnetic forces of neodymium magnets (manufactured by Hitachi Corporation) turns electric generators producing electricity.

A volume of neodymium magnets less than the size of a car battery can generate (for decades) more than enough electricity to supply an average household and an amount equivalent to thousands of gallons of gasoline a year.

This source of pollution-free energy can do more than provide inexpensive electricity. It can be used to affordably generate other forms of energy such as hydrogen and to produce pure water from ocean water for drinking and farming.

Dr. Kozeka is now talking to large, international corporations that have the capabilities to manufacture and implement electric generators that use this new technology. Large generators can be used in existing power plants and smaller ones can be placed in individual homes.

"With minor modifications, our gas engine cars can be made to burn hydrogen produced affordably by the inexpensive electricity," says Kozeka. "This new energy technology can be implemented rapidly and with little change in our current infrastructure and lifestyle."

This discovery is the real thing: it is not a false claim of any kind. The research findings can be tested easily and inexpensively.

A detailed research report can be obtained by e-mailing a request to admin@kedroncorp.com or visiting www.kedroncorp.com. Corporations and investors interested in this new energy technology should contact Dr. Kozeka at (615) 618-3804.

According to Kozeka, "We wait with great excitement and hope that this new technology, aptly referred to as 'The Eden Project' will rapidly achieve its claim and make vast improvements in the quality of life worldwide."


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Copyright © 2007 by Kedron Corporation and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Kedron Corporation Discovers a New Energy Source that is Extremely Inexpensive, Abundant and Pollution-Free
• REFERENCE KEYWORDS/TERMS: The Eden Project, , , Kedron Corporation, Energy, Oil and Gas, , , .

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Energy, Oil and Gas

Combined Development Oil Co. Announces Positive Results for Louisiana State Trust #3 June 7th, 2007

Author: Combined Development Oil Company, Inc.
Dateline: Thu, 07 Jun 2007

freeNewsArticles Story Summary: “IRVING, Texas - June 7 (SEND2PRESS NEWSWIRE) -- Combined Development Oil Co. is pleased to announce the successful drilling and completion of the Louisiana State Trust #3 well located in southern Louisiana. Based on seismic analysis and drilling logs, the estimated barrels of oil in place are 1,200,000 MMcf) BO and the estimated natural gas in place is 1-3 Billion Cubic Feet of Gas (BCF).”



A R T I C L E:

IRVING, Texas - June 7 (SEND2PRESS NEWSWIRE) -- Combined Development Oil Co. is pleased to announce the successful drilling and completion of the Louisiana State Trust #3 well located in southern Louisiana. Based on seismic analysis and drilling logs, the estimated barrels of oil in place are 1,200,000 MMcf) BO and the estimated natural gas in place is 1-3 Billion Cubic Feet of Gas (BCF). Initial measurements predict a flow rate of about 350 barrels of oil per day (BOPD) plus associated gas.

Drilling operations on Louisiana State Trust #3 commenced on December 5, 2006 and the well was logged December 5, 2006. The well encountered the objective UL-4 Upper Cris 1 Sands at a measured depth of 9,800' and logged over 60' of net pay. The Louisiana State Trust #3 should be turned to sales quickly, since it will be tied into an existing production facility.

Lee Anderson, President of Combined Development Oil Co., is pleased with the results and making plans for future operations in the area. "We have enough acreage to drill one additional developmental well in the immediate area and expect similar results from the offset location," said Anderson.

TREND: The major producing sands in the field have already produced over 121,000,000 BO & 325 BCFG. More than a dozen wells in the surrounding area have produced more than one million barrels of oil each per completion with recoveries in excess of 800 barrels per acre-foot.

Combined Development Oil Co. was founded by Lee Anderson in (1994) on the principles of integrity, honesty and hard work. Combined Development Oil Co., Inc. ("CDOC") is involved in the exploration, acquisition, development, and production of crude oil and natural gas reserves in and around Texas and Louisiana.

Primarily through joint venture operations with industry partners, CDOC purchases, develops, drills, produces, owns and sells crude oil and natural gas. CDOC seeks to increase the value of acquired properties in its core areas through a combination of developmental drilling and proven engineering extraction practices.

More information: www.cdoctx.com.



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Copyright © 2007 by Combined Development Oil Company, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Combined Development Oil Co. Announces Positive Results for Louisiana State Trust #3 June 7th, 2007
• REFERENCE KEYWORDS/TERMS: natural gas exploration, , , Combined Development Oil Company, Energy, Oil and Gas, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Combined Development Oil Company, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Thu, 07 Jun 2007 20:25:00 GMT].

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Energy, Oil and Gas

Libya Faces Oil Rig Shortages, Calls on National Participation in Oil Services

Author: Phoenicia Group
Dateline: Tue, 27 Feb 2007

freeNewsArticles Story Summary: “TRIPOLI, Libya - Feb. 27 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group, the leading U.S.-Libyan diversified business group, which is a strategic partner to key U.S. and international companies in Libya, Libya is suffering from an acute shortage of oil drilling and work over rigs, significantly delaying exploration programs of oil majors prospecting in the North African country.”



A R T I C L E:

TRIPOLI, Libya - Feb. 27 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group (www.phoenicia.ly), the leading U.S.-Libyan diversified business group, which is a strategic partner to key U.S. and international companies in Libya, Libya is suffering from an acute shortage of oil drilling and work over rigs, significantly delaying exploration programs of oil majors prospecting in the North African country.

Phoenicia (c) Send2PressSymptomatic of the wider global glut in rig availability, U.S. newcomers ExxonMobil, Chevron, Occidental Petroleum, and the former Oasis Group (Marathon Oil, Conocophillips, and Amerada Hess) are finding themselves struggling to secure rigs on schedule for their expanding operations in the country, from exploring new blocks to revamping existing unproductive fields.

The demand is translating into high rates for contracted rigs, said Ryad Sunusi, interim President & CEO of the Phoenicia Group, during a conference call with investors, analysts, and the media from Tripoli, elaborating:

"Libya needs at least 40 rigs for the next 10 years to support IOC exploration programs, and this represents a great opportunity for the Libyan private sector to get involved, in forming JVs with overseas drilling and work over contractors, as outlined by GPC Decree 443/2006," he noted.

"We intend to capitalize on the opportunities and partner with international oil services companies to meet the demand, and laud the Libyan government's stance in its strong support and confidence in the Libyan private sector's capabilities of supporting the national oil sector."

Former GPC Secretary Shukri Ghanem, who currently heads the country's National Oil Corporation, is a strong supporter of Libyan private sector involvement in the oil services sector and relayed that message to a gathering of Libyan businessmen at the Mahari Hotel last year.

Libya has enacted legislation requiring international oil services companies wishing to do business in Libya do so through JVs with a Libyan partner according to GPC Decision 443/2006, which was passed last November by the General People's Committee, Libya's executive decision-making body.

Joint Ventures, which take the form of Joint Stock or "Mushtirika" companies, formerly required a 51% to 49% ownership structure in favor of the Libyan partner and majority Libyan board, but was amended to allow foreign partners to maintain a maximum 65% stake and majority of the board, effectively giving control to the foreign partner. The Libyan partner, however, legally must have a minimum 35% stake in any Joint Stock Company.

The move has major oil services companies like Schlumberger, Halliburton, Weatherford and others scrambling to conform to the new decree, and newcomers keen to pinpoint Libyan partners.

Sunusi, a prominent Libyan businessman and expert, is staking his group's future potential on oil services, tourism, and construction, sectors outlined for growth by the National Economic Strategy overseen by the National Economic Development Board, and has established oil services companies Al-Marooj, Oea, and Akakus to tap the market, by establishing JVs with U.S. and international oil services companies, particularly drilling and work over services companies.

"We see tremendous opportunity in oil services, and are confident that with support of the government, and in time, the Libyan private sector can achieve most oil services on its own, we are in serious talks with major oil services companies, and judging by the number of proposals we are receiving, the interest is phenomenal."

The Phoenicia Group, a widely touted poster child of Libyan private sector achievement, has, since its inception in 1999, experienced rapid expansion in the oil & gas, construction, tourism, telecommunications, health, services, and agribusiness sectors, making it the leading Libyan private business and consultancy group; and sponsoring the spin-off of the Libyan-American Business Council in 2004 to promote U.S.-Libyan trade and business exchange.

About Phoenicia Group Libya, LLC
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya.

For more information, visit www.phoenicia.ly.

Text provided by the news source.


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Copyright © 2007 by Phoenicia Group and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Libya Faces Oil Rig Shortages, Calls on National Participation in Oil Services
• REFERENCE KEYWORDS/TERMS: Phoenicia Group Libya LLC, , , Libya Oil Rig Shortages, Energy, Oil and Gas, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Phoenicia Group); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 27 Feb 2007 13:00:00 GMT].

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Energy, Oil and Gas

A Hydrogen Based Fuel Enhancement Initiative: The Water/Fuel Converters Project

Author: Water Fuel LLC
Dateline: Mon, 18 Dec 2006

freeNewsArticles Story Summary: “NEW YORK, N.Y. - Dec. 18 (SEND2PRESS NEWSWIRE) -- According to Water Fuel LLC, the concept of fuel enhancement is a topic of great interest to the general public, small business, and large corporate entities. Its popularity is growing quickly and clear, accurate information is a requirement for factual information to begin dissemination. The Water/Fuel Converters Project is leading the way in presenting the simple facts of a technology that desperately need clarification.”



A R T I C L E:

NEW YORK, N.Y. - Dec. 18 (SEND2PRESS NEWSWIRE) -- According to Water Fuel LLC, the concept of fuel enhancement is a topic of great interest to the general public, small business, and large corporate entities. Its popularity is growing quickly and clear, accurate information is a requirement for factual information to begin dissemination. The Water/Fuel Converters Project (www.waterfuelconverters.com) is leading the way in presenting the simple facts of a technology that desperately need clarification.

The Water/Fuel Converters Project is an electrolysis initiative designed to clarify how hydrogen based fuels can be used to enhance carbon based fuels. The purpose is to educate the general public about the simplicity of on-demand electrolysis technology and the ease of integration into already existing infrastructure. A main aspect of the project is to provide free information whereas other websites attempt to capitalize on the situation. By presenting free information the general public now has the best possibility to become informed about how the near future of the energy industry will evolve.

The Water/Fuel Converters Project clearly establishes the commonalities and distinctions between Brown's Gas, Rhodes Gas, Oxy-Hydrogen, HHO, and the production methods thereof. No longer will these simple hydrogen and oxygen mixtures remain vague and un-specified.

Recently there have been companies coming forward with their electrolysis technologies, but have lacked substantial clarification of the fundamental functionality. Information does exist, and may not be available by the manufacturing company itself, but what the Water/Fuel Converters Project does well is provide the necessary information to understand these various technologies. There are no hidden features to electrolysis, and there is no such thing as "special electrolysis." As the Water/Fuel Converters Project will clarify, all electrolytic reactions conform to the 1'st and 2'nd laws of electrolysis.

In addition, the Water/Fuel Converters Project does clarify other technologies that are typically and incorrectly labeled an electrolysis technology. On the website there is clear information about the difference between electrolysis and other "fringe" hydrogen production technologies. The distinction is clear, and the Water/Fuel Converters Project is proactively dispelling myths and is aggressively providing the necessary information for the general public to begin factual comprehension of on-demand, electrolysis based fuel enhancement technology.

Since the Water Fuel Converters Project is primarily an information source, please visit the website to see what all the hype is about: www.waterfuelconverters.com.



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Copyright © 2006 by Water Fuel LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: A Hydrogen Based Fuel Enhancement Initiative: The Water/Fuel Converters Project
• REFERENCE KEYWORDS/TERMS: Water Fuel LLC, , , Water Fuel Converters Project, Energy, Oil and Gas, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Water Fuel LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 18 Dec 2006 16:24:00 GMT].

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Energy, Oil and Gas

Oilintel Still Maintains that Crude Oil Prices Will Reach the Mid $50s…Here’s Why

Author: Oil Intelligence Link, Inc.
Dateline: Mon, 25 Sep 2006

freeNewsArticles Story Summary: “NEW YORK, N.Y. - Sept. 25 (SEND2PRESS NEWSWIRE) -- An article published Sept. 21 on Oilintel.com by Tom Waterman states, 'Since we predicted a severe drop in prices in August, we have received emails and phone calls asking how low prices will go and how long the downtrend will last (see The Ethanol Monitor Volume 2, No. 31, August 21, 2006 - Why $50 per Barrel oil is not Out of the Question). I was asked to do an interview on ROBTv, as they figured I was out of my mind.'”



A R T I C L E:

NEW YORK, N.Y. - Sept. 25 (SEND2PRESS NEWSWIRE) -- An article published Sept. 21 on Oilintel.com by Tom Waterman states, "Since we predicted a severe drop in prices in August, we have received emails and phone calls asking how low prices will go and how long the downtrend will last (see The Ethanol Monitor Volume 2, No. 31, August 21, 2006 'Why $50 per Barrel oil is not Out of the Question'). I was asked to do an interview on ROBTv, as they figured I was out of my mind."

OilintelWaterman continues: "The questions now are a little more difficult than they were on Monday, August 28, the day I was cornered into making the following predictions. I said in the interview that NYMEX crude oil would close below $70 per barrel before the end of the week. It closed at $69.71 the next day, moved back above $70 per barrel on Wednesday and Thursday before settling Friday, September 1 at $69.19."

"I said it would be in the 'low $60s by the end of September.' That has already proven to be the case. I then said that by late-October, early-November, we will see mid-$50s crude oil. That remains to be seen, but I do anticipate prices moving lower."

Read the rest of this feature at Oilintel.com, the fastest growing website in the energy industry. Just click the link below to go directly to the story.
oilintel.com/newshome.cfm?news_id=784&action=showstory

About Oilintel.com
Oilintel.com provides free energy news, market intelligence and spot market prices. The site is owned and operated by a privately held New Jersey company, Oil Intelligence Link, Inc. which also has offices in Houston, Texas, and Sidney, Iowa.

For more information, contact: Rainey Thynne, 732-222-5578, or visit www.oilintel.com.


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Copyright © 2006 by Oil Intelligence Link, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Oilintel Still Maintains that Crude Oil Prices Will Reach the Mid $50s...Here's Why
• REFERENCE KEYWORDS/TERMS: Oil Intelligence Link, , , Rainey Thynne, Energy, Oil and Gas, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Oil Intelligence Link, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 25 Sep 2006 17:46:00 GMT].

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