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PRESS RELEASE: Deutsche Rohstoff AG: Tekton Energy reports strong results from new production

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous Deutsche Rohstoff AG: Tekton Energy reports strong results from new production

15.01.2014 / 08:33

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Deutsche Rohstoff: Tekton Energy reports strong results from new production 2.500 Barrels of Oil Equivalent per day during first 30 days / Production rates above expectations

Heidelberg/Denver. Tekton Energy reported today that five new horizontal wells have initially produced an average of combined 2.500 Barrels of Oil Equivalent (BOE) per day during the first 30 days of production. The wells were drilled from Tekton's Pavistma drill pad in September/October 2013. They are part of a co-operation with Anadarko Petroleum. Both partners own roughly half of the production.

Three of the five new wells tested the Niobrara formation. Results from the initial production is in accordance with Tekton's type curve which suggests an Estimated Ultimate Recovery (EUR) of 325.000 BOE per well. Two of the wells were drilled in the Codell formation and produced significantly above the Codell type curve, as was the case with the two wells drilled from the Rancho pad in spring 2013. Drilling cost of the wells were once again below the budgeted figures.

Jerry Sommer, CEO of Tekton Energy, commented: 'We are very pleased to see that Codell wells deliver very strong results and also that the Niobrara wells came in in line with expectations. We continue to confirm our science in the DJ Basin.'

Another five new wells, three drilled from the Frye Farms pad and two more wells with extended reach drilled from the Pavistma pad have completed the drilling phase. Final completion and facility construction is ongoing and production from all five wells will commence within the next few weeks.

Meanwhile, drilling activity continues with both rigs at two different drill pads. A total of eight additional horizontal wells are currently being drilled. Given the ongoing high level of activity and the consistently excellent well results, Deutsche Rohstoff intends to report about drilling results on a quarterly basis instead of a well by well basis through 2014.

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PRESS RELEASE: Deutsche Rohstoff AG: Tekton Energy reports strong results from new production

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By: STEC Ng

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14.01.14 14:00 Dow Jones Newswires

PRESS RELEASE: Tantalus Rare Earths AG: Capital Increase

DGAP-News: Tantalus Rare Earths AG / Key word(s): Capital Increase Tantalus Rare Earths AG: Capital Increase

14.01.2014 / 14:00

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Tantalus Rare Earths AG: Capital Increase

* Authorized Capital 2013 has been utilized in an amount of up to EUR 184,766.00 * Capital Increase has been executed in an amount of EUR 100,000.00

Grnwald, 14 January, 2014. The Management Board and the Supervisory Board have utilized the Authorized Capital 2013 pursuant to Sec. 4 para. 6 of the Articles of Association of Tantalus Rare Earths AG in an amount of up to EUR 184,766.00 against cash contribution. In total, 184,766 non par value name shares with a pro-rata amount of the registered shared capital of EUR 1.00 have been issued. The issuance price for the new shares amounts to EUR 20.00 per share. The new shares have been issued with the entitlement to dividends as from 1st January 2013.

Pursuant to Sec. 4 para. 6 lit. bb) of the Articles of Association, the Management Board and the Supervisory Board have resolved to exclude the subscription rights of the shareholders, because the issuance price of the new shares significantly exceeds the market price of the shares already listed on the stock exchange and the utilization of the Authorized Capital does not exceed the volume of 10% of the registered share capital, neither at the time of granting the authorization on 20th September 2013, nor at the time of registration of the authorization with the Commercial Register on 12th November 2013, nor at the time of the utilization of the Authorized Capital 2013.

At the moment, the capital increase based on the Authorized Capital 2013 has been executed in an amount of EUR 100,000.00 and the Company expects further executions to take place during the coming weeks.

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PRESS RELEASE: Tantalus Rare Earths AG: Capital Increase

Andrew McGill of the Pittsburgh Post-Gazette has done some number crunching after reviewing Tomlins press conferences over the years, and he determined that the coach used the word obviously a whopping 322 times during the 2013 season. That large number averages out to about 20 uses of the adverb per press conference.

The word hasnt always taken up such a large part of Tomlins vocabulary, though. McGill says it gained traction over the years. The coach used it only seven times during press conferences in 2010, 33 times in 2011 and 151 times in 2012 before doubling that figure in 2013.

For Steelers fans who arent crazy about Tomlins new speech pattern, there is a way to hear fewer mentions of obviously, and the solution will make Steel City very happy: Win more games. McGill noted that Tomlin uses the word more than twice as often following a loss.

The Steelers obviously know what they need to do this offseason.

Photo via Twitter/@MentalityMag

The bagpipe player for the Dropkick Murphys is not impressed with Andrew Ferences new look.

Chicago Bears tight end Martellus Bennettmight be one of the haters RG3 was addressing.

LeBroning has gone viral.

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Mike Tomlin Said ‘Obviously’ 322 Times During Steelers Press Conferences In 2013

Originally published January 13, 2014 at 2:39 PM | Page modified January 13, 2014 at 2:41 PM

What's a nine-letter word for a significant event? Try MILESTONE.

Longtime crossword constructor Bernice Gordon is marking two big ones: She turned 100 on Saturday, and The New York Times will publish another one of her puzzles on Wednesday -- making her the first centenarian to have a grid printed in the newspaper.

"They make my life," Gordon said. "I couldn't live without them."

Gordon has created crosswords for decades for the Times, The Philadelphia Inquirer and others, including puzzle syndicates and brain-teaser books from Dell and Simon & Schuster. She still constructs a new grid every day.

Gordon is nearly as old as the crossword puzzle itself. The first "word-cross" appeared in the New York Sunday World on Dec. 21, 1913; it was diamond shaped and didn't even separate clues into "Across" and "Down."

The grids have evolved a lot since then, thanks in part to Gordon. She's credited with pioneering the "rebus" puzzle, which requires solvers to occasionally fill in symbols instead of letters. Her first rebus in the Times used an ampersand to represent the letters AND, so an answer like SANDWICH ISLANDS was entered as S&WICH ISL&S.

Though now considered standard fare, such a trick was unheard of when it first appeared decades ago. Letters poured into then-crossword editor Margaret Farrar, who forwarded some to Gordon.

"She got hundreds of letters, some screaming that they never saw anything worse and it was cheating," Gordon said. "And the others (said) how wonderful it was. It's something new. It was an innovation."

Gordon was born in Philadelphia on Jan. 11, 1914. A graduate of the University of Pennsylvania, she raised three children before working as an artist and traveling around the world. She began creating puzzles in her 30s because she liked the challenge and it offered some extra pocket money.

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Crossword creator marks 100th birthday with puzzle