ABN Newswire Stocks to Watch: December 10, 2009
AuDAX (ASX:ADX)(PINK:ADXRF) said that the multi target Sidi Daher prospect in the Chorbane Block has been selected as the first drilling target for onshore Tunisia. Detailed evaluation work by AuDAX since the signing of the PSC with the Tunisian Government has identified a Direct Hydrocarbon Indicator (DHI) over the large Sidi Daher prospect. The Sidi Daher prospect is a large tilted horst block with several prospective reservoir targets.
Kingsoft Corporation Limited (HKG:3888), China's leading entertainment and applications software developer, distributor and service provider, based on market share, said that the Company has teamed up with Taobao and Alipay, well-known online shopping platforms, as well as Maxthon Browser, one of the most popular internet browsers in China, to form the first safe online shopping platform in China. This collaboration would help Kingsoft extend its internet security products to the fast-growing online shopping market to attract more users and enlarge market share. And this alliance with the key players in online shopping industry is also a solid proof and recognition of our quality products.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) has released drilling report for the week ending 9 December. The running of the 7" casing string at Paralana-2 Geothermal Exploration Well has commenced. Well completion and rig release is expected to occur in mid to late December 2009. Post casing evaluation is expected to be undertaken early in the New Year to determine the static temperature and rock properties of the basal interval of the well.
Krucible Metals Limited
Kingsoft Corporation Limited
Beach Energy Limited
ADX Energy Limited