| To: Robert T. Quasius who wrote (280) | 1/8/2000 9:55:00 PM | | From: PuddleGlum | | | | |
You've been long-suffering with AXAS, my friend. Remember my dislike of sub-$5 stocks? It's passing, since my wife went on a buying binge in her IRA and hit a 10-bagger with one that I bought for her at 1 7/8. Someday you'll be right, and you can retire early. |
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| To: PuddleGlum who wrote () | 2/4/2000 11:26:00 AM | | From: P.S.N. | | | |
Here's some news for anyone in to big board oil companies. This company is just over $20.00 today, 52 week high was $40.00.
Friday February 4, 10:54 am Eastern Time
Company Press Release
SOURCE: CMS Energy Corporation
CMS Oil and Gas Announces Completion of Colombia Well
HOUSTON, Feb. 4 /PRNewswire/ -- CMS Energy Corporation's (NYSE: CMS - news) oil and gas exploration and production unit, CMS Oil and Gas Company, today announced the successful completion of the Venganza-4H well, the first horizontal well drilled in the Matachin Field in the Espinal Block in Colombia's Magdelena Valley basin. CMS holds a 15 percent working interest in the Espinal Block. Ecopetrol, the Colombian state oil company, is the other non-operator working interest owner in the block.
The well, which is operated by Petrobras Colombia Limited, tested production at a rate of 7,000 barrels per day of 28 degree API gravity oil, on natural flow from the Guadalupe formation. The well was drilled to a depth of 7,875 feet, with a horizontal extension of 2,198 feet.
Three additional horizontal wells are planned to be drilled in the Espinal Block during 2000.
CMS Oil and Gas Company is among America's 50 largest independent oil and gas companies in production and reserves. It is engaged in exploration and/or production in five states and internationally in eight countries.
CMS Energy Corporation has annual sales of more than $6 billion and assets of about $15 billion throughout the U.S. and in 22 countries around the world with businesses in electric and natural gas utility operations; independent power production; natural gas pipelines, gathering, processing and storage; oil and gas exploration and production; and energy marketing, services and trading.
SOURCE: CMS Energy Corporation
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PSN
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| To: PuddleGlum who wrote () | 2/4/2000 4:53:00 PM | | From: P.S.N. | | | |
Anybody else happen to see this?
February 04, 2000 14:25
Tengasco Sparking Oil and Gas Boom in Tennessee, Says Industry Spokesman
Jump to first matched term
WASHINGTON, Feb. 4 /PRNewswire/ -- There is an oil and gas boom in the making in Tennessee, sparked by Tengasco's (Amex: TGC) continued success in its Swan Greek Gas Field in Hancock County, Tennessee, an industry spokesman said here today.
Speaking at a Regional Investment Banking Association Capital Conference at the Four Seasons Hotel in Washington, Bill Goodwin, Director, Tennessee oil and Gas Association, said, "The company is drilling Texas-sized wells at Appalachian Basin prices and depth."
"They are 19 for 19 successful wells, bringing in wells capable of producing up to five million cubic feet of gas a day. Some wells, tested by Schlumberger, have estimated reserves of 9 billion cubic feet," he noted.
"Tengasco has acquired more than 50,000 acres of leases in and around the Swan Creek gas field. They have drilled only about 15% of the field, have proven reserves of more than 104 billion cubic feet of gas, deliverability of 25 million cubic feet of gas a day and they are still drilling," he added.
Goodwin said the potential of Tengasco's effort was proven when, after studying well data, Eastman Chemical signed an agreement with Tengasco to provide natural gas for Eastman's gigantic industrial complex near Kingsport, Tennessee.
The Eastman contract is a 20-year contract with a $200 million value in today's metro gas prices.
"Tengasco has built 28 miles of pipeline and is now ready to build the final 28 miles of pipeline to the Eastman plant and beyond. When the line is completed in 2000, Tengasco will be providing 40% and up to the possibility of 80% of Eastman's gas requirements.
"In addition, Tengasco has discovered oil in many of its wells, much of which is not being produced as the company focuses on natural gas. Nevertheless, the company is providing several hundreds of barrels of oil a day and expects to be producing more than 1,000 barrels of oil a day in the near future.
"Another reason we believe this is the beginning of a boom is that seismic data indicate the Tennessee oil and gas field may extend several miles beyond the 50,000 acres that Tengasco has leased."
Other firms are already coming into the area, acquiring leases and drilling. Miller Petroleum (OTC Bulletin Board: MILL) is currently drilling a well in adjoining Hancock County.
"We believe when the weather breaks, we will see dozens of companies coming into Tennessee to search for oil and gas," Goodwin told the Investment Bankers.
The Tennessee Oil and Gas Association is a trade association of independent oil and gas operators that explore and produce crude oil and natural gas in Tennessee.
SOURCE Tennessee Oil and Gas Association
/CONTACT: Bill Goodwin Of Target Market Development, 615-263-1291, for
Tennessee Oil and Gas Association/
(TGC MILL)
PSN |
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| To: PuddleGlum who wrote () | 3/11/2000 8:39:00 AM | | From: Ronald J. Clark | | | |
AGA Table Updated with Latest News
2000 1999 1998
1/14 -110B / 2127B 1/15 -203B / 2209B 1/16 -159B / 1860B
1/21 -195B / 2017B 1/22 -92B / 2117B 1/23 -159B / 1701B
1/28 -242B / 1775B 1/29 -78B / 2039B 1/30 -102B / 1599B
2/4 -213B / 1562B 2/5 -93B / 1946B 2/6 -81B / 1518B
2/11 -158B / 1404B 2/12 -59B / 1885B 2/13 -93B / 1425B
2/18 -136B / 1268B 2/19 -97B / 1788B 2/20 -77B / 1348B
2/25 - 74B / 1194B 2/26 -128B / 1660B 2/27 -47B / 1301B
3/3 -29B / 1165 3/5 -69B / 1591B 3/6 -54B / 1247B |
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| To: Ronald J. Clark who wrote (285) | 3/11/2000 6:36:00 PM | | From: PuddleGlum | | | |
Ronald-
Now that's the kind of historical information that one can really use! We're now running well below the storage amounts from 1998, and I'll bet that even with mild weather in the offing we'll still find that the production just isn't there right now to bring storage levels back up very quickly.
Where did you get all this info?
-pg |
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