Gulf Coast Oil & Gas Inc. (GCOG)
http://www.insurancejournal.com/news/southcentral/2008/08/04/92488.htm
Texas / South Central News
Storm Edouard Shuts Gulf Coast Oil Port, Disrupts Shipping
August 4, 2008
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast Monday.
Energy companies evacuated staff from offshore platforms due to Edouard, the second named storm of the season to threaten oil operations in the Gulf of Mexico, with Apache shutting a small amount of output.
Marathon shut its 72,000 barrel per day Texas City, Texas refinery and Valero Energy Corpwarned that its plants in the region could be affected after the storm halted inbound traffic to the Houston Ship Channel and the Sabine Pass ship channel.
"We have started an orderly shut-down in preparation for the storm," said Marathon spokeswoman Angela Graves.
BP expects its Texas City refinery will continue to operate through the storm.
Packing 50 miles per hour winds, Edouard swept across the northern Gulf of Mexico about 80 miles south-southwest of Grand Isle, Louisiana, threatening to come ashore on the Texas-Louisiana coast.
The U.S. National Hurricane Center said Edouard had about a 20 percent chance of becoming a hurricane by the time it reaches land.
The Gulf of Mexico supplies about a quarter of U.S. crude oil output and 15 percent of its natural gas, while Gulf Coast refiners make about a quarter of domestic gasoline.
The Louisiana Offshore Oil Port, the only deep-water U.S. oil port and a major conduit for the country's crude oil imports, temporarily suspended offloading oil tankers in the Gulf of Mexico due to high waves and winds.
The port's onshore storage continued to supply refiners with crude on-hand, however, a spokeswoman said.
Crude oil prices fell more than $4 early Monday to below $121 a barrel, extending a steep decline from the July 11 record over $147.
"Edouard doesn't seem to have much of an impact here, and while the LOOP is temporarily suspended, all it means is that tankers are just sitting out there," said Kyle Cooper, research director of IAF Advisors.
Apache shut 8,600 bpd of oil output and 130 million cubic feet per day of natural gas production after evacuating 110 personnel from facilities off Louisiana.
Chevron Corp., Anadarko, BP, and Shell Oil said they were evacuating workers from platforms as a safety precaution but added production of oil and natural gas was not affected.
Other oil companies, including Exxon Mobil, El Paso , Citgo and ConocoPhillips, said they were keeping a close eye on the storm.
"We've been monitoring the storm track and have considered some evacuations of personnel in the path of the storm," said Richard Wheatley, spokesman for El Paso Corp.
A series of powerful hurricanes in 2004 and 2005, including Hurricane Katrina, toppled oil rigs and severed pipelines in the Gulf, pushing oil prices to then-record highs.
The six-month hurricane season, which began June 1, has already seen two of its four storms strengthen into hurricanes. Last month was the third most active July for storms since Atlantic hurricane season records began in 1851.
(Reporting by Erwin Seba, Chris Baltimore, Haitham Haddadin, Richard Valdmanis, Robert Campbell; writing by Matthew Robinson and Richard Valdmanis; Editing by Marguerita Choy)
Copyright 2008 Reuters.
...ansonsten nichts Neues an/von der Gerüchte-"Front" (JV)
Angehängte Grafik:
aktueller_oelpreis.png
aktueller_oelpreis.png
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31339798
--- From DBRM Board:
Posted by: foggdogg Date: Thursday, August 07, 2008 11:19:06 PM
In reply to: futrcash who wrote msg# 261 Post # of 272
futrcash- Have you ever heard that GCOG and DBRM are partners in TX - Saxet property?
http://www.daybreakoilandgas.com/content/saxet.html
http://www.gcoil.com/
Posted by: futrcash Date: Friday, August 08, 2008 2:33:24 AM
In reply to: foggdogg who wrote msg# 266 Post # of 272
On paper yes.
That's about it.
DBRM isn't currently pursuing it.
All their current efforts are focused in California,and will be for the forseeable future.
Posted by: futrcash Date: Friday, August 08, 2008 10:25:28 AM
In reply to: foggdogg who wrote msg# 268 Post # of 272
No clue don't follow the company.btw DBRM is a fully reporting company.
A description of all their assets and operations can be found in their filings.
futrcash
http://www.gcoil.com/press/...ase%20(GCOG)%20-%20May%2011,%202007.pdf
dieser sinnvollen Beitrag von "math01" war auch gleichzeitig sein Letzter in diesem GCOG-Thread!
--ax--
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31641815
Posted by: mick Date: Friday, August 22, 2008 12:47:54 AM
In reply to: BoxerJoe who wrote msg# 9143 Post # of 9151
hi BJ, i talked to bill today. he said all is good. ceo is on touring stuff.
ceo reports to bill almost everday for ideas about making gcog a better company.
still looking for some funding, JVPartner too.
i talked about some new ideas.
very receptive to them.
Angehängte Grafik:
aktueller_oelpreis.png
aktueller_oelpreis.png
http://messages.finance.yahoo.com/...mp;mid=11206&tof=2&frt=2
21-Aug-08 03:04 pm
I just spoke with Bill.
-He still has not spoken with the CEO regarding the 10-Q, but promised to call me back as soon as he did.
-Bill said he came to the same conclusion (as us) in that there is no danger of the company going bankrupt when they have additional shares to issue if need be.
-HE SAID THAT HE RECEIVED CALLS FROM COMPANIES WHO ARE INTERESTED IN FINANCING GCOG. This is great news to hear that companies have called to express interest in financing GCOG!
-The last time Bill spoke with the CEO about the leases, he said he was told to relax and that there was no need for concern.
-Bill said he has taken tons of calls from people in Louisiana asking if GCOG is interested in leasing their land. This, combined with companies calling to offer financing, could mean some really, REALLY good news ahead!!! Remember, I said "could."
-I mentioned his name being on FORC's last PR and he responded by saying "You're kidding?" Either Rahim did that without Bill knowing or Bill just played it off that way.
-On the topic of a FORC/GCOG merger, Bill said that something like that would seem logical (to him), but the CEO is not giving any type of information to Bill about that possibility right now.
-Overall, Bill sounded really positive and wanted us to know that he is not going anywhere. He sees himself being with GCOG for a long time.
Auf XETRA wurde, wenn auch eine kleine Position, zu 0.004€! gekauft
http://www.ariva.de/quote/simple.m?secu=683390
...lassen wir uns überraschen! --ax--
sehr ruhig, aber die Einkäufe sprechen für sich selbst... Ruhe vor dem (möglichen) Sturm (keine Empfehlung)
http://ih.advfn.com/...b=1220050542&article=27937951&symbol=NB%5EGCOG
http://ih.advfn.com/...b=1220051502&article=27938040&symbol=NB%5EGCOG
A look at a live weather map tracking Hurricane Gustav as it heads towards the Gulf coast.
http://edition.cnn.com/video/live/live.html?stream=stream4
