Friday, February 28, 2014

Western Energy Services Corp. - WRG.t

Western Energy Services Corp. - WRG.t is an oilfield service company which provides contract drilling services through Horizon Drilling in Canada and Stoneham Drilling Corporation in the United States.

The company also provides well servicing through Eagle Well Servicing and provides rental services through Aero Rental Services in Canada.

On February 27, 2014 the company reported Numbers

"Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) is pleased to release its fourth quarter and year end 2013 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis as at and for the years ended December 31, 2013 and 2012 will be available on SEDAR at All amounts are denominated in Canadian dollars (CDN$) unless otherwise identified.

Fourth Quarter 2013 Highlights:

• Operating Revenue totalled $119.8 million, a $43.4 million increase (or 57%) over the same period in the prior year due to the increased size and scale of Western’s production services segment following the acquisition of IROC Energy Services Corp. (“IROC”) on April 22, 2013, as well as higher utilization in the contract drilling segment in both Canada and the United States, coupled with a larger average drilling rig fleet in Canada. These increases were partially offset by decreased day rates in the United States, while day rates in Canada recovered in the fourth quarter of 2013 to remain unchanged, averaging approximately $28,900 in both the fourth quarters of 2013 and 2012;

• Utilization in the Canadian contract drilling segment improved to 65% as compared to 55% in the same period of 2012 and the CAODC industry average of 43%. In the United States, contract drilling utilization increased to 87% as compared to 62% in the same period of the prior year due to increased marketing efforts, the addition of the Company’s first 1,500 hp AC ELR triple pad rig conversion to the United States fleet, and strong operational performance;




Monday, February 24, 2014

Newalta Corporation - NAL.t

Newalta Corporation - NAL.t provides cost-effective solutions to industrial customers to improve their environmental performance with a focus on recycling and recovery of products from industrial residues.

The company is based in Calgary, Alberta and provides services through a network of facilities and customer locations.

On February 19, 2014 the company released News

"Newalta Corporation ("Newalta") (TSX:NAL) today reported results for the three months and year ended December 31, 2013. "
"Our start to the year was weak, weighed down by reduced market demand and lower prices for our products, however, performance improved as the year progressed," said Al Cadotte, President and CEO of Newalta. "In the final three quarters of 2013, before non-recurring items Adjusted EBITDA grew by 20 percent over the prior year. The last three quarters are indicative of the results we expect from our business plan.

"In the fourth quarter, improved performance across all of our operations was offset by non-recurring charges of about $4.5 million. For the year, Adjusted EBITDA excluding non-recurring charges, was $156.0 million, up 10 percent compared to 2012.




Friday, February 21, 2014

2000 year old Gaza Statue lost again?

Gaza — Lost for centuries, a rare bronze statue of the Greek god Apollo has mysteriously resurfaced in the Gaza Strip, only to be seized by police and vanish almost immediately from view. A local fisherman says he scooped the 500-kg god from the sea bed last August, and carried it home on a donkey cart, unaware of the significance of his catch.
Police from the Islamist group Hamas, which rules the isolated Palestinian territory, swiftly seized it and say they are investigating the affair. Archaeologists have not been able to get their hands on the Apollo – to their great frustration- and instead must pore over a few blurred photographs of the intact deity, who is laid out incongruously on a blanket emblazoned with Smurfs.

From what they can tell, it was cast sometime between the 5th and the 1st century BC, making it at least 2,000 years old.
The discoloured green-brown figure shows the youthful, athletic god standing upright on two, muscular legs; he has one arm outstretched, with the palm of his hand held up. He has compact, curly hair, and gazes out seriously at the world, one of his eyes apparently inlaid with a blue stone iris, the other just a vacant black slit.

Ghrab says he cut off one of the fingers to take to a metals expert, thinking it might have been made of gold. Unbeknownst to him, one of his brothers severed another finger for his own checks. This was melted down by a jeweller.
"It's unique. In some ways I would say it is priceless. It's like people asking what is the [value] of the painting La Gioconda [the Mona Lisa] in the Louvre museum," said Jean-Michel de Tarragon, a historian with the French Biblical and Archaeological School of Jerusalem.

"It's very, very rare to find a statue which is not in marble or in stone, but in metal," he told Reuters television. Some 5,000 years of history lie beneath the sands of the Gaza Strip, which was ruled at various times by ancient Egyptians, Philistines, Romans, Byzantines and crusaders. Alexander the Great besieged the city and the Roman emperor Hadrian visited. However, local archaeologists have little experience to carry out any scientific digs and many sites remain buried.

Thursday, February 20, 2014

Evidence of Viking 'Sunstone' Found

In March 2013 it was reported that a Viking Sunstone had been found.
Ancient lore has suggested that the Vikings used special crystals to find their way under less-than-sunny skies. Though none of these so-called "sunstones" have ever been found at Viking archaeological sites, a crystal uncovered in a British shipwreck could help prove they did indeed exist.

The crystal was found amongst the wreckage of the Alderney, an Elizabethan warship that sank near the Channel Islands in 1592. The stone was discovered less than 3 feet (1 meter) from a pair of navigation dividers, suggesting it may have been kept with the ship's other navigational tools, according to the research team headed by scientists at the University of Rennes in France.
A chemical analysis confirmed that the stone was Icelandic Spar, or calcite crystal, believed to be the Vikings' mineral of choice for their fabled sunstones, first mentioned in the 13th-century Viking saga of Saint Olaf.

Today, the Alderney crystal would be useless for navigation, because it has been abraded by sand and clouded by magnesium salts. But in better days, such a stone would have bent light in a helpful way for seafarers.
Because of the rhombohedral shape of calcite crystals, they refract or polarize light in such a way to create a double image. This means that if you were to look at someone's face through a clear chunk of Icelandic spar, you would see two faces. But if the crystal is held in just the right position, the double image becomes a single image and you know the crystal is pointing east-west.

The study’s authors say the crystal could be used to determine the sun's location with an accuracy of one degree, even when it was invisible to the naked eye.