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Ycbx Oil Jumps After API Reports Draws in Crude and Fuel Inventories
Australian Oil Search plans to make the final investment decision on the Pikka project in Alask adidas yeezy a next year and launch production in 2025, chief executive Keiran Wulff told investors in a company announcement this week.The breakeven cost of Pikka has come down to $40 a barrel, but the company and its partner in the development, Spainrsquo Repsol, plan a further reduction to $35 a barrel by 2025. The cost of the development of Pikka is seen at about $3 billion.While further appraisal will be required, the 2020 Mitquq and Stirrup oil discoveries, which lie close to existing and planned infrastructure, both have the potential to create substantial long-term value for Oil Search shareholders and have af1 positive implications for the prospectivity of our remaining acreage, Wulff said.Oil Search also plans to sell a 15-percent stake in the project next year after it boosted the reserves of Pikka by a third following new drilling to about a billion barrels of crude.The last six months have been a catalyst for absolutely looking at every part of our business to be able to position us and grow our company at much lower oil prices, Wulff said as quoted by Reuters.Oil Search reported an 85-percent slump in net profits for the first half of its financial year and canceled dividend payments because of the crisis.In addition to it adidas samba s oil business, Oil Search is also a partner of Exxon at the PNG LNG project in Papua New Guinea and of Total at the Papua LNG project. Eaxm Social media can help small nonprofits compete with big brand organisations, says Nick Allen
Harper bill clears CongressHICKORY, Miss. Legislation to rename the Hickory, Miss., Post Office for a Mississippi soldier who died in Afghanistan is on its way to President Obama.U.S. Rep. Gregg Harper, the bill sponsor, says the legislation was passed by the Senate on Tuesday.The proposal by the Mississippi Republican would name the post office for Sgt. Matthew L. Ingram, a 25-year-old Newton County native who died in August 2009, from wounds suffered when an improvised explosive device detonated near his vehicle.Harper bill was co-sponsored by Mississippi Democrats Travis Childers, Gene Taylo owala tumbler r and Bennie Thompson.Read more: http:/ air force /sunherald/2010/05/25/2208089/harpers-bill-clears-congress.html ixzz0p2aoA0lx5/25/10 Share About the Author s Magnolia Tribune This article was produced by Magnolia Tribune staff. salomon xt More Like This |
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