Hawk, Cvx And Tgmp Stock Update From Pennytobuck.com
American Power Corporation (OTCBB:TGMP) announced that it will proceed to kick start
the development of its advanced Pace Coal Project in Judith Basin County, Montana.
TGMP acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis.
Montana's demonstrated reserve base of 119.1 billion short tons of coal represents over 24% of America's total demonstrated coal reserve base of 487.7 billion short tons. Of particular importance, the coal at the Pace Coal Project is bituminous B coal, which, due to its higher BTU rating, secures a higher market price than most of Montana's coal (typically sub-bituminous or lignite).
For more on TGMP visit their site at www.americanpowerco.com
Chevron Corporation (NYSE:CVX) has recently announced further drilling success in the Carnarvon Basin offshore Western Australia, Australias premier hydrocarbon basin.
The Acme-1 exploration discovery well is located in the WA-205-P permit area offshore Western Australia approximately 93 miles (150 km) from Onslow. Drilled in 2,880 feet (878 m) of water to a depth of 15,469 feet (4,715 m), the well encountered approximately 896 feet (273 m) of net gas pay.
Chevrons Australian subsidiary is the operator of WA-205-P and holds a combined 67% percent interest, while Shell Development (Australia) holds the remaining interest.
Seahawk Drilling, Inc. (Nasdaq:HAWK) announced today that President and CEO Randall D. Stilley will present at Pareto Securities' Oil & Offshore Conference which will be held September 1-2, 2010 in Oslo, Norway. Seahawk's presentation is scheduled for Thursday, September 2, 2010 at 10:40 a.m., CEST, or 3:40 a.m., CDT. The Company's presentation slides will be available on the day of the event on the Company's website: www.seahawkdrilling.com in the "Investor Relations" section, on the "Webcast & Presentations" tab.
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by: Bill Pennyman
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