The Exploration Company (Nasdaq:TXCO - News) today announced a record capital expenditure plan and drilling program for 2007. It also provided an update on its current Texas drilling activity.
CAPEX
TXCO’s board of directors has approved an initial 2007 capital budget in a range of $70 million to $75 million - the Company’s largest ever, targeting 103 […]
bcMetals, a junior exploration company focused on the development of a copper-gold project in northwest British Columbia, is the focus of a bidding war by two would-be Canadian takeover candidates, and a fading potential joint venture with China’s biggest copper producer.
Chevron plans to raise its capital spending by 20% in 2007 - from $16 billion in 2006 to nearly $20 billion in 2007 while ConocoPhillips plans to lower its own spending from $15.5 billion to $13.5 billion.cvx-cop Said Oppenheimer & Co. analyst Fadel Gheit, “Chevron and ConocoPhillips are completely different animals,” with completely different needs.
In the news release, “Tri-Valley Forecasts $30 Million CAPEX for 2007 Exploitation and Exploration Projects,” issued earlier today by Tri-Valley Corporation (AMEX:TIV - News), we are advised by the company that the second sentence of the fourth paragraph should read “…and the other is a Nevada prospect internally estimated to hold a potential 225 million […]
Tri-Valley Corporation (AMEX:TIV - News) and its subsidiaries are forecasting $30 million in 2007 capital expenditures to accelerate drilling, production, revenue and reportable reserve increases on the petroleum side of the company’s business.
Build up of the rig fleet in Great Valley Production Service LLC and Great Valley Drilling Co LLC will continue as rigs are […]
State-run Philippine National Oil Company-Energy Development Corporation (PNOC-EDC) is hammering out deal for a US$ 50-million loan it is seeking from the International Finance Corporation, the private sector arm of the World Bank group.
Officials of the company emphasized the cash infusion will be for the build-up of its capital expenditure (capex) for future projects.
“IFC […]
Ice technology was planned for new multibillion “below-current-infrastructure” projects that were due to be presented to the Gold Fields’ board on August 18, Gold Fields South African operations head Brendan Walker said on Thursday.
Walker’s disclosure followed CEO Ian Cockerill’s announcement that the cash-flush company would spend R4-billion capital this financial year.
Cockerill revealed this after posting […]