Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 9 December. Highlights of the week's activities include: The running of the 7" casing string at Paralana-2 (GEL 178) has commenced. Well completion and rig release is expected to occur in mid to late December 2009.
US stocks soared on Friday after the Labor Department data showed that job cuts fell sharply in November. The news fuelled the expectations that the US Federal Reserve might consider increasing interest rates.
Indonesia the archipelago of 17000 islands owes its modern existence to integration of access of electricity and the increasing gap in the country's end-user energy market is threatening to set the country in energy poverty in less than 25 years.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 2 December. Highlights of the week's activities include: NS377-4 (Teen) is scheduled to spud on 4 December. Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin.
Asian stocks markets broadly dropped on Thursday despite Wall Street posted a solid gain overnight. Tokyo shares opened lower as the stronger yen continued to dampen investors' sentiment. In Hong Kong market, China Minsheng Banking Corp failed to lift the Hang Seng Index in its debut. Shanghai and Seoul shares also declined as their Asian peers.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 25 November. Highlights of the week's activities include: Production testing of NS377-3 (Beach 20%) Kareem Formation reservoir to provide data about fluid and reservoir properties has been completed. Logging information for Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has been acquired to 3,740m and is currently being evaluated.
Silver Grant International Industries Limited (HKG:0171)(PINK:SLGVF) today announced its entering into a subscription agreement with CGNPC International Limited. CGNPC International Limited will subscribe for 364,140,000 shares, representing for 20% shares of the Company, at HK$2.00 per share. Upon the completion, CGNPC International Limited will represent approximately 16.67% of the enlarged issue share of the Company.
