Tgmp, Chevron (cvx) Amd Oneok (oks) Stock Update From Pennytobuck.com
American Power Corporation (OTCBB:TGMP) recently announced that it will proceed to
kick start the development of its advanced Pace Coal Project in Judith Basin County, Montana.
In April 2010, 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 projects acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively.
TGMP has access to a large and experienced workforce in Great Falls, Montana, and the coal project may provide hundreds, if not thousands, of new, high-paying jobs for the local economy (according to the U.S. Bureau of Labor Statistics, the average annual wage in the mining industry in Montana was $70,779 in 2008, or 122 percent higher than the average wage in the state).
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.
ONEOK Partners, L.P. (NYSE:OKS) will participate in the UBS Master Limited Partnership Conference on Wednesday and Thursday, Sept. 1-2, 2010, in Las Vegas, Nevada.
John W. Gibson, OKS chairman, president and chief executive officer, will be conducting a series of one-on-one meetings with members of the investment community.
The materials utilized at the conference will be accessible on the ONEOK Partners website, www.oneokpartners.com, on Sept. 1, 2010.
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by: Bill Pennyman
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