Thursday, October 31, 2013
|Questor Technology Inc. - QST.v designs and manufactures incinerators that burn waste gases. Questor Incinerators create the best plume dispersion available, providing up to 99.99% combustion efficiency without any particulate matter, poly-nuclear aromatic hydrocarbons (PAH's) or unburned hydrocarbons.|
Questor Technology Inc. has received purchase orders for eight incinerators of various sizes from a major crude oil and natural gas producer headquartered in Calgary, and for nine incinerators of various sizes from Dominion Transmission Inc., operator of one of the largest underground natural gas storage systems in the United States, headquartered in Richmond, Va. The values of the orders are $1.5-million and $1.1-million, respectively and the majority of the incinerators in both orders are expected to be delivered in the fourth quarter of 2013. Although each transaction individually is not considered material, in combination with the company's performance in the first half these orders will contribute to strong 2013 financial results for Questor.
Once delivered to the customer, the eight incinerators will be deployed in a well tie-in project in the oil sands to incinerate waste gas. Dominion will deploy the nine units to combust waste gas from dehydration units on several of their sites in Pennsylvania and West Virginia.
"Questor's incineration technology addresses the problematic global issues associated with flaring," said Audrey Mascarenhas, Questor's president and chief executive officer. "We are assisting our clients with regulatory compliance and environmental performance thereby helping them obtain the social licence to operate. Our technology delivers a 99.99-per-cent destruction/combustion efficiency of waste hydrocarbon gas eliminating the impurities that would be released into the air through inefficient combustion from flaring."
Labels: Questor Technology Inc
Wednesday, October 30, 2013
|Serinus Energy Inc. - SEN.t is an international oil and gas exploration and production company dual listed on the Warsaw Stock Exchange and Toronto Stock Exchange. The corporate portfolio comprises 13 operated licenses in 5 countries and covers the full-cycle of upstream value chain - from high impact exploration potential through appraisal and development to constantly increasing production.|
Ukraine – Olgovskoye-24 Well Cased As Potential Producer
Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”), an international upstream oil and gas exploration and production company,is pleased to report that the Olgovskoye-24 (“O-24”) well has been cased to total depth (“TD”) as a potential gas producer. The O-24 well is operated by KUB-Gas LLC (“KUB-Gas”), a partially-owned subsidiary in which Serinus has an effective 70% ownership interest through its 70% shareholding of KUBGas Holdings Limited.
The O-24 well commenced drilling in August with an original planned TD of 2,900 metres with the principal target being the Bashkirian B6 zone. During the course of the drilling it was decided to deepen the well to penetrate the Serpukhovian as the Company believed that the zone discovered in the O-15 well extended to the northwest. Consequently the O-24 well was drilled to a final TD of 3,300 metres and logged. The logs indicate 15 metres of potential pay in 4 different zones within the Bashkirian and Serpukhovian. Production testing of the well is scheduled to occur prior to year end. The main target of the well, the B6 sandstone currently producing in the O-12 well, was encountered at a depth of 2,285 metres with a gross thickness of 22 metres and with 5 metres of gas pay interpreted on logs. The S6 zone, encountered at a depth of 3,162 metres, is also sandstone with a gross thickness of 10 metres and with 3.5 metres of gas pay interpreted on logs. In addition potential pay was interpreted on the logs in the R30c and the B4b zones. The O-24 well is located approximately 1 kilometre to the northwest of the Olgovskoye-12 well, a B6 zone gas discovery which reached TD in September 2011 and which is currently producing more than 3.5 million cubic feet per day (“MMcf/d”) (2.45 MMcf/d net to Serinus’ 70% interest).
Labels: Serinus Energy Inc.
Tuesday, October 29, 2013
|Cargojet Inc. - CJT.t surpasses shipper expectations in the key areas of on-time performance, customer service, quality of equipment & operations, and competitive pricing.|
Leaders in problem solving and sustainable transportation practices, Cargojet is the only Canadian Air Cargo carrier to receive the Shipper’s Carrier of Choice Award ... for the eleventh year.
Cargojet is pleased to announce that it has once again been awarded the Shipper’s Carrier of Choice Award by Canadian Transportation and Logistics magazine, a leading industry publication. Cargojet surpassed shipper expectations as well as the industry benchmark in the total Industry Sector Average and particularly in the key areas of On-time Performance, Customer Service, Quality of Equipment & Operations, Competitive Pricing, Leaders in Problem Solving and Sustainable Transportation Practices. Cargojet’s total 2013 aggregate score was 151.955, which was measured against the overall 2011 benchmark of excellence of 145.620. Cargojet is the only Canadian Air Cargo carrier, to receive this honour for the eleventh year.
“Cargojet continues to exceed the expectations of our customers by delivering a premium product into the North American marketplace. Our on time performance levels continue to exceed 98.9% and this award is a result of the dedication and loyalty of our professional team who are the driving force of Cargojet.” says Ajay Virmani, President & CEO.
Labels: Cargojet Inc.