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Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation

Retrieved on:

Thursday, March 14, 2024

PEI, Insite, Guideline, CCA, Pressure, APEGA, Philosophy, Acquisition, Table, Freezing, PDP, Barrel, Handbook, Capital Cost Allowance, Oportunidades, Weather, Oil

InSite has included cost estimates of well abandonment and reclamation for all existing wells, regardless of reserves assignment, and undeveloped locations assigned reserves.

Key Points:

InSite has included cost estimates of well abandonment and reclamation for all existing wells, regardless of reserves assignment, and undeveloped locations assigned reserves.
It is understood that all abandonment and reclamation costs of wells and facilities have been accounted for by the Company.
As per the Corporate Production Diagram (above) Prospera attained peaks rates of approximately 1,800 boepd in late December 2023.
PEI’s robust 2024 capital development and acquisition plan is to achieve a 2024 year-end exit target rate of 5,000 boepd.

Lawsuit Filed Against Goals Plastic Surgery Clinic for Sexual Exploitation of Patient

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Wednesday, April 3, 2024

MICHAEL, Malpractice, LaShawn, Betrayal, District court, Krystal, Patient, Risk, Augmented fifth, THOMAS, History, Female, LLP, KIN, Woman, Complaint, Barrel, Behavior, P.C, GLS, Supreme court, Safety, Patient safety, See, Predation, Bluetooth, Nursing

NEW YORK, April 3, 2024 /PRNewswire-PRWeb/ -- Chaffin Luhana LLP has filed a medical malpractice and negligent hiring and supervision case against Goals Plastic Surgery of New York and Dr. Peter Driscoll because of non-consensual sexual contact with a woman at a Goals clinic in New Jersey.

Key Points:

(1:24-CV-02496) a lawsuit against Goals Plastic Surgery, Dr. Sergey Voskin, Dr. Peter Driscoll, and others for medical malpractice in New Jersey, citing non-consensual sexual contact by Driscoll and highlighting past license suspensions.
NEW YORK, April 3, 2024 /PRNewswire-PRWeb/ -- Chaffin Luhana LLP has filed a medical malpractice and negligent hiring and supervision case against Goals Plastic Surgery of New York and Dr. Peter Driscoll because of non-consensual sexual contact with a woman at a Goals clinic in New Jersey.
Dr. Anthony R. Perkins, of New York, Dr. Sergey Voskin of Brooklyn, and, among others, Goals Aesthetics & Plastic Surgery.
"This lawsuit and others seek to ensure that Dr. Driscoll and Goals do not get away with victimizing women in their plastic surgery mill.

HNRC REPORTS RESULTS FOR PERIOD ENDING DECEMBER 31, 2023

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Tuesday, March 19, 2024

Permian, KCC, Non, HNRC, Copper, Gold, CML, Acquisition, Barrel, Engineering, OTC, Lithium, Skeena, BMI, Fitch Ratings, Placer, Mining

HOUSTON, March 19, 2024 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today results for the year ending December 31, 2023.

Key Points:

HOUSTON, March 19, 2024 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today results for the year ending December 31, 2023.
Financial Results: Twelve Months December 31, 2023 vs Twelve Months December 31, 2022
Earnings per share for twelve months were $ 0.06 per share.
The company has a net asset value of $ 0.42 per share as of December 31, 2023.
As of September 30, 2023, total assets of LHO were $70.4 million ( www.hnra-nyse.com )
HNRC acquired a 40% interest in Rhino Energy Pty Ltd ("Rhino").

GeoPark Reports Fourth Quarter and Full-Year 2023 Results

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Wednesday, March 6, 2024

Energy, Professional Services, Environmental, Social and Governance (ESG), Oil, Gas, Carbon, ROCE, Geopark, Barrel, Share repurchase, Carbon Disclosure Project, ESG, CDP, Climate, Public expenditure, Hand, Environment, Eastern Standard

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).

Key Points:

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).
In 2023, GeoPark delivered $451.9 million Adjusted EBITDA, an EBITDA margin of 60%, and $111.1 million of net profit.
Improved operating results during 4Q2023 translated into $117.8 million Adjusted EBITDA for 4Q2023, the highest of 2023.
Andrés Ocampo, Chief Executive Officer of GeoPark, said: “The fourth quarter marked a strong finish to a challenging year on the production front.

Kosmos Energy Announces Fourth Quarter and Full Year 2023 Results

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Monday, February 26, 2024

Oil, Gas, Energy, BP, Barrel, Growth, Carbon, Odd job, Torture, Water, Webcast, Hook-up, FLNG, Gulf of Mexico, ILX, FPSO, Partnership, Natural gas

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the fourth quarter of 2023.

Key Points:

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the fourth quarter of 2023.
Total net production(2) in the fourth quarter of 2023 averaged approximately 66,000 boepd representing a ~12% increase compared to the fourth quarter of 2022.
The 2023 Ceiba Field and Okume Complex development rig campaign commenced in the fourth quarter of 2023.
Kosmos will host a conference call and webcast to discuss fourth quarter 2023 financial and operating results today, February 26, 2024, at 10:00 a.m. Central time (11:00 a.m. Eastern time).

GeoPark Announces 2P Reserve Replacement of 110%

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Wednesday, February 21, 2024

Energy, Other Energy, Oil, Gas, Geopark, Barrel, Tax, RLI, RRR, Probability, Possibility, Everette Lee DeGolyer, Airline

All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.

Key Points:

All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.
During 2023, GeoPark added 14.0 mmboe of net 2P reserves, which after producing 12.7 mmboe resulted in 2P reserves of 115.1 mmboe, representing a 110% 2P Reserve Replacement Ratio (RRR).
The improved recovery from the horizontal well drilling campaign and waterflooding projects in the Llanos 34 Block (GeoPark operated, 45% WI) also added 2P reserves.
D&M estimated future development capital required to develop 1P reserves at $126 million, and $310 million to develop 2P reserves.

Rock West Composites Delivers to Purdue University the Barrel Timing Layer Tracker Support Tube for CERN's Large Hadron Collider

Retrieved on:

Saturday, March 9, 2024

SAN DIEGO, March 9, 2024 /PRNewswire-PRWeb/ -- Rock West Composites (RWC) announces the delivery of the Barrel Timing Layer (BTL) Tracker Support Tube to Purdue University this month. This large carbon fiber sandwich structure destined for CERN was designed by a joint team from Purdue University, led by Dr. Andy Jung and Dr. Ben Denos, and RWC, led by John Marks. The collaborative effort met key performance parameters using the most cost-effective design. The hardware RWC delivered will be integrated with instrumentation from Purdue prior to delivery to CERN.

Key Points:

This month Rock West Composites delivered a large, high-precision, carbon fiber and honeycomb core tube to Purdue University.
The structure is the Barrel Timing Layer Tracker Support Tube that is part of an upgrade to CERN's Compact Muon Solenoid (CMS), which is a general-purpose detector at the Large Hadron Collider.
SAN DIEGO, March 9, 2024 /PRNewswire-PRWeb/ -- Rock West Composites (RWC) announces the delivery of the Barrel Timing Layer (BTL) Tracker Support Tube to Purdue University this month.
Low coefficients of thermal expansion are maintained in all 3 directions: radially, circumferentially, and along the length of the tube.

Old Forester® Releases 117 Series: High Angels' Share

Retrieved on:

Wednesday, March 6, 2024

Ageing, Forester, Taste, Coffee, Walking, Old, Barrel, Policy

LOUISVILLE, Ky., March 6, 2024 /PRNewswire/ -- Old Forester® today releases High Angels' Share, an expression from its celebrated 117 series.

Key Points:

LOUISVILLE, Ky., March 6, 2024 /PRNewswire/ -- Old Forester® today releases High Angels' Share, an expression from its celebrated 117 series.
High Angels' Share is from The 117 Series, a limited-expression lineup that debuted in Spring 2021.
Old Forester releases three different 117 expressions annually.
To celebrate that milestone, Trigo will meet consumers at Old Forester Distillery on March 6 and lead special tastings of High Angels' Share.

Transformed & Restructured Prospera Transitioning to Profitability in 2024

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Wednesday, February 7, 2024

PEI, FRA, ARO, Retirement, CAD, OTC, Barrel, Acquisition, Letter, Calibration, Engineering, Oil

These results enabled Prospera to attain 2023-year end peak rates of 1,800 bblspd with the capability to 2,200bblpd.

Key Points:

These results enabled Prospera to attain 2023-year end peak rates of 1,800 bblspd with the capability to 2,200bblpd.
PEI is proposing a robust 2024 capital development and acquisition plan to achieve 2024 year-end exit target rate of 5,000 boepd.
Meanwhile, the development teams are preparing for the upcoming 2024 capital program to commence after break-up (in the latter part of Q2 2024).
In addition, significant ARO reduction projects are planned for the summer 2024 that include 40+ wells abandonment and lease reclamations.

Hess Reports Estimated Results for the Fourth Quarter of 2023

Retrieved on:

Wednesday, January 31, 2024

E&P net income was $512 million in the fourth quarter of 2023, compared with $641 million in the fourth quarter of 2022.

Key Points:

E&P net income was $512 million in the fourth quarter of 2023, compared with $641 million in the fourth quarter of 2022.
On an adjusted basis, E&P fourth quarter 2023 net income was $531 million, compared with $565 million in the prior-year quarter.
After-tax expense for Corporate, Interest and Other was $162 million in the fourth quarter of 2023, compared with $208 million in the fourth quarter of 2022.
Net cash provided by operating activities was $1,344 million in the fourth quarter of 2023, compared with $1,252 million in the fourth quarter of 2022.