Barron Petroleum makes oil and gas discovery in Permian Basin, US

first_img Barron Petroleum drilled a new discovery well in Val Verde County. (Credit: Barron Petroleum LLC) US-based exploration and production (E&P) company Barron Petroleum has made what it claims to be a major discovery at a 13,000-acre field in Val Verde County, Texas.Located about six miles southwest of the Massie (Strawn) field, the ‘Sahota Carson 20BU #1’ well was drilled to a total depth of 12,650ft and encountered about 70ft of gas-bearing Strawn porosity.Barron Petroleum said that the well has been tested at rates of up to five million cubic feet per day following stimulation.The field holds 417bcf of oil and gas reservesAs per the estimates, the field holds 417 billion cubic feet (bcf) of oil and gas reserves, which is equivalent to 74.2 million barrels.The company noted that the 3D seismic survey was used developing the 13,000-acre prospect. Barron holds a 100% working interest (WI) in the prospect.Barron Petroleum president and CEO Barron Petroleum said: “We are currently evaluating means to further enhance location selection and well performance. The company intends to continue our drilling programme, encouraged by the recent strengthening in natural gas prices.“Our team is very ecstatic and the next step is to figure out how to develop the lease or get someone to join the venture with us. Our company has a significant cost advantage since we internally source many well construction services. We are proud of our low-cost operating structure.“This discovery is also near existing infrastructure, which avoids the extreme Waha hub gas price variability.”The Val Verde sub-basin is located south-east of Permian’s Midland sub-basin.Additionally, Barron Petroleum is considering testing and potential development in the Ellenburger formation at about a depth of 16,000ft, Canyon at an approximate 9,000ft deep. Sahota Carson 20BU #1 well, which was drilled to a total depth of 12,650ft, encountered about 70ft of gas-bearing Strawn porositylast_img read more

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eMoov’s crowdfunding campaign raises £2.6m

first_imgHome » News » Agencies & People » eMoov’s crowdfunding campaign raises £2.6m previous nextAgencies & PeopleeMoov’s crowdfunding campaign raises £2.6meMoov’s success with crowdfunding suggests that the online estate agency sector may be ripe for growth.The Negotiator14th October 20150617 Views eMoov has raised just over £2.6 million, more than two and half times its target, after attracting 795 individual investors through crowdfunding on Crowdcube.Among the major investors were two venture capital groups, Episode 1 Ventures and Maxfield Capital Partners, which both increased their investment in the online estate agency, while Swiss VC firm Startive Ventures also joined in the funding round.Alexander Lazarev, Partner at Maxfield Capital Partners, said, “eMoov’s crowdfunding success is a clear indication of a long awaited transformation of an old-fashioned industry. eMoov disrupts estate agency by providing significant savings and high quality customer services.“I am glad that crowdfunding investors have recognized this unique opportunity and contributed their capital to eMoov.”Episode 1 and Maxfield Capital have contributed £500,000 and £300,000 respectively, with Startive investing £250,000. In addition, London-based accelerator Seedcamp has also reinvested with £50,000.“We have made unbelievable progress over the last 24 months and this smart money demonstrates the confidence that the professionals have in our business,” said Russell Quirk, CEO and Founder of eMoov.Episode 1’s Managing Partner, Simon Murdoch, was an early stage investor in Zoopla, Betfair, Shutl and LOVEFiLM, and now he believes that the estate agency industry is ripe to be “disrupted by technology”.Simon said, “The benefit of that disruption will be a fairer cost for the consumer, greater transparency and a customer empowerment that simply doesn’t exist when selling property in the UK currently. Episode 1 invested in the team at eMoov because we believe that it has the best approach to succeed and win, in a sector that will achieve an estimated 50 per cent market share by 2020.”Russell Quirk Crowdcube crowdfunding Emoov eMoov’s crowdfunding campaign October 14, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Developer launches first upmarket property raffle platform

first_imgPictures have been released of the UK’s first developer-built newbuild apartment to be sold via a raffle.The £2 million apartment in South Kensington in central London is to be raffled for £10 a ticket by developer Gatsby Property, which admits the competition is one way for it to drum up interest in its site as transactions in central London have slumped by up to 40% recently.The London-based developer constructs small to medium size residential developments all over the UK and is raffling the flat at is latest site on Exhibition Road (pictured, above).Its two-bedroom apartment will come ready furnished with Stamp Duty and legal costs paid as will the first year’s council tax, utilities and service charges.But the raffle is not a one-off. The founders of Gatsby Property, Harry Dee and Jonny Jackson, have set up their own competition site for upmarket properties called Cadivus, which any scholars will know means ‘windfall’ in Latin.The duo (pictured, left) reckon there’s a gap in the market for a regulated property raffle platform, although previous efforts have come to grief either because they haven’t attracted enough sales, or because they have not stuck to the rules government such competitions regulated by the Gambling Commission.Gatsby Property says its Cadivus platform will use www.promoveritas.com, the independent adjudicator that the BBC and Channel 4 uses.“We’ve been developing properties in prime London for the past five years and have watched the evolution of property raffle sites with interest,” says Jackson. December 7, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » Developer launches first upmarket property raffle platform previous nextMarketingDeveloper launches first upmarket property raffle platformGatsby Property says there is a gap in the market to sell prime newbuild properties in the UK and is offering a £2m apartment to kick off the initiative.Nigel Lewis7th December 201802,125 Viewslast_img read more

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Fees ban is already driving more independents out of industry, says Countrywide MD

first_imgCountrywide has revealed that a day rarely passes without a letting agent getting in contact to sell the company their lettings book.The admission has been made by its Managing Director Paul Creffield during a webcast with investors, one of whom asked him whether the tenant fees ban is likely to prompt independent agents to exit the sector in significant numbers.Creffield said the ban, which is due to come into force on June 1st this year, was putting smaller letting agents under a lot of pressure because many are dependent on tenant fees for a majority of their income.Independent exodusHe also claimed that the exodus has already begun and that Rightmove’s recent results revealing a reduction in member agent numbers was  proof of how much the looming tenant fees ban is denting agent confidence.But during the webcast Executive Chairman Peter Long said independent agents are more resilient than many might assume, and that experts who have predicted a 50% cull of independent were wrong.Countrywide also revealed during the presentation that it had introduced a ‘minimum cash fee’ system for branches, a reaction to the UK’s difficult sales market, and falling prices.He also revealed that the company had no plans to close any branches for the moment, although a dedicated team was reviewing branch performance on a regular basis.“Broadly we’re at the estate size that we’re comfortable with and we have no plans to close branches on massive scale,” said CFO Himanshu Raja.       Himanshu raja Paul Creffield Countrywide March 8, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Fees ban is already driving more independents out of industry, says Countrywide MD previous nextAgencies & PeopleFees ban is already driving more independents out of industry, says Countrywide MDRevelation is made during webcast Q&A by MD Paul Creffield who also said company had no plans to cull branches.Nigel Lewis8th March 201902,207 Viewslast_img read more

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Hybrid estate agents survived the lockdown better, claims Yopa boss

first_imgYopa chairman Grenville Turner has said that hybrid estate agents have had an advantage over traditional agents during the lockdown and have been able to attract more listings.In comments made to The Negotiator, he says that although he appreciates that many high street agents chose to shut up shop during the pandemic, the hybrid model Yopa employs meant it continued winning instructions and adding properties to the market.“What has become evident is that those of us that operate more virtually via technology and with a self-employed estate agent model, have probably had an advantage during this [lockdown] period,” he says.“We have an established way of working that has been more able to adapt and cope with the restrictions of the pandemic.“From that point of view you can say that in these types of situations  our model is more resilient.”Estate agentsGrenville says that, like its competitor Purplebricks, Yopa’s technology enabled vendors to take their own photographs and videos and therefore enabled their properties to be added to the portals despite Coronavirus.“We may have been No.2 among all estate agents in recent months overall but we recognise a lot of traditional agents have shut up shop during the crisis so comparisons are a little unfair,” he adds.Last week Yopa revealed that that the company is now not far away from profitability and that its overall progress is ahead of schedule and that it will soon be cash generative.Yopa also paid its 130 or so self-employed local agents to keep on working through the crisis to dissuade them from furloughing themselves or their staff.grenville turner Purplebricks hybrid estate agents YOPA June 22, 2020Nigel Lewis3 commentsMurray Lee, Dreamview Estates Dreamview Estates 22nd June 2020 at 8:46 amUTTER NONSENSE !We attracted enough instructions during lockdown except, wisely, we recommended our clients to wait to complete the listingsThere was no point in marketing occupied sale properties during the period as viewings were impossible in general. And Video views just dont do it for sellingOn vacant rental properties we continued listings and used videos which, on agreement of rental, were accepted as subject to final viewing when feasibleI love this statement“Last week Yopa revealed that that the company is now not far away from profitability”LOL theres a good place to be!We are STILL profitable and have been throughout the 8 years of our existenceSorry, Hybrid is not the way nor have we noticed much presence of Yopa or PBs in our areas. Obviously our local clients prefer our way of business!Traditional still is, and will be more so now and moving forwardYou get what you pay for, and you dont pay us ANYTHING unless you get results!Log in to Replymark flynn, Julian Marks Julian Marks 22nd June 2020 at 8:44 amWhat a load of nonsense. I really think he believes his own verbal diarrhoea is of any importance to anyone than himself.Log in to ReplyMurray Lee, Dreamview Estates Dreamview Estates 22nd June 2020 at 8:47 am100% agree Mark FlynnLog in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » Hybrid estate agents survived the lockdown better, claims Yopa boss previous nextAgencies & PeopleHybrid estate agents survived the lockdown better, claims Yopa bossGrenville Turner says the business models of companies like his were overall more prepared to meet the challenges of surviving the pandemic.Nigel Lewis22nd June 20203 Comments737 Viewslast_img read more

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Pakistan Navy Keen to Buy Chinese Submarines

first_imgBack to overview,Home naval-today Pakistan Navy Keen to Buy Chinese Submarines Pakistan Navy Keen to Buy Chinese Submarines View post tag: News by topic View post tag: buy View post tag: keen Share this article View post tag: East March 10, 2011 View post tag: Naval View post tag: Chinese View post tag: Middle View post tag: Navy View post tag: Submarines View post tag: Pakistan Pakistan’s Defence Ministry has asked the federal Cabinet to approve the purchase of conventional Chinese submarines to counter “emerging th…(indianexpress)[mappress]Source: indianexpress, March 10, 2011;last_img

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USA: PNS to Start Energy Efficient Upgrades

first_img View post tag: PNS January 7, 2013 View post tag: Naval View post tag: start View post tag: to Naval Facilities Engineering Command (NAVFAC) Mid-Atlantic awarded a contract Dec. 28 for energy improvements and repairs to the historic Building 92 structural shops at Portsmouth Naval Shipyard in Kittery, Maine.The $13.8 million project is projected to reduce the building’s annual energy consumption by 82 percent through the use of renewable energy, efficient heating, ventilation, and air conditioning and electrical systems, and smart metering technology.“In an industrial facility such as Building 92 structural shops, and in a climate such as Maine, the primary energy driver is building heat,” said Lee Enzastiga, NAVFAC Mid-Atlantic project manager for the Northeast Integrated Products Team. “An energy recovery system will be installed to recover heat being exhausted from the industrial process exhaust and transfer that heat to the incoming air to the building.”A new, large polycarbonate window system will replace a deteriorating window wall and also help reduce energy costs while still preserving the historic character of the building’s exterior walls which cover nearly 30,000 square feet of this submarine fabrication and repair facility.“The new window system will be a translucent curtain wall system that resembles the historic configuration of the existing window system but increases the R-value and prevents air infiltration,” Enzastiga said. The higher the R-value, or the thermal resistance of a material, the better the material is at insulating, he added.Large exterior overhead doors will be replaced or refurbished and large fans will be installed in middle and high bays to draw down the large amount of heat trapped at the high ceiling so it can be used to heat other areas in the building.The project also incorporates several renewable energy technologies such as a solar wall that will preheat air by solar radiation, fans that will feed the preheated air into the building, and hot water coils that will supplement the solar heat. The building’s automated heating system will manage the operation of the fans so they only run when it is efficient to do so.Lastly, a new lighting management system will adjust interior lighting accordingly to maximize natural daylight use from the new window wall.The competitively procured contract was awarded to ECC of Marlborough, Mass. Work will be performed in Kittery, Maine and is expected to be completed by October 2014.[mappress]Naval Today Staff, January 7, 2013; Image: US Navy View post tag: Navy Back to overview,Home naval-today USA: PNS to Start Energy Efficient Upgrades View post tag: energy Industry news View post tag: Defence View post tag: efficient View post tag: News by topic View post tag: Upgrades View post tag: Defense USA: PNS to Start Energy Efficient Upgrades Share this articlelast_img read more

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EU NAVFOR Force Commander Holds Talks on Improving Security, Stability in Somalia

first_img View post tag: News by topic March 8, 2013 View post tag: Force View post tag: Talks View post tag: holds Back to overview,Home naval-today EU NAVFOR Force Commander Holds Talks on Improving Security, Stability in Somalia During a port visit to Djibouti by Spanish EU Naval Force (EU NAVFOR) flagship ESPS Méndez Núnez, and warship ESPS Rayo, Force Commander Rear Admiral Pedro García de Paredes held meetings with other EU leaders to demonstrate the commitment of EU NAVFOR to work together with other missions towards a common goal of improving security and stability in Somalia.On Sunday 3 March, Rear Admiral Pedro García de Paredes hosted a meeting on board ESPS Rayo with Admiral Jacques Launay, the Head of Mission for EUCAP Nestor. EUCAP Nestor is a civilian mission aimed at strengthening the Rule of Law in Somalia, with an initial focus on the regions of Puntland and Somaliland, and developing the maritime capacities of Djibouti, Kenya, and the Seychelles. Afterwards, the Force Commander hosted a meeting on board ESPS Méndez Núnez with Mr Maciej Popowski, the Deputy Secretary General of the European External Action Service (EEAS) and Mr Walter Stevens, who is the Head of the Crisis Management and Planning Directorate (CMPD) at EEAS. During the meeting Rear Admiral García de Paredes highlighted the success that Operation Atalanta and other counter-piracy forces are having in the High Risk Area, with pirate attacks down from 176 in 2011 to 35 by the end of 2012. However, the Force Commander reiterated that there is still much work to be done by those involved in countering piracy off Somalia, with the recent disruptions by EU NAVFOR demonstrating that pirates still have the will and means to deploy to sea.Following the meeting a number of EU ambassadors and diplomats based in Djibouti, along with representatives of the embassies of the US and Japan, local authorities, the Commander of the French Forces in Djibouti (FFDJ) and the Head of Mission of EUCAP NESTOR, came on board ESPS Méndez Núnez for lunch.In the afternoon Djiboutian and Somali journalists were welcomed on board. They were briefed on counter-piracy operations off Somalia and given the opportunity for a question & answer session with Rear Admiral Pedro García de Paredes, Mr Maciej Popowski and the Head of the EU Delegation in Djibouti, Mr Joseph Silva. Mr Popowski completed his regional visit with a call to the Support Element Atalanta (SEA) facilities and the Maritime Patrol and Reconnaissance Aircraft (MPRA) detachments at the Air Base.On 4 March, Rear Admiral García de Paredes paid a visit to the Commander of the French Forces in Djibouti (FFDJ), Brigadier General William Kurtz. The EU Naval Force Commander thanked General Kurtz for the permanent support to the German and Spanish MPRA Detachments provided by the French Forces in Djibouti. The EU NAVFOR MPRA detachments play a crucial part in Operation Atalanta by gathering and providing intelligence information and pictures.[mappress]Naval Today Staff, March 8, 2013; Image: EUNAVFOR EU NAVFOR Force Commander Holds Talks on Improving Security, Stability in Somalia Authorities View post tag: Navalcenter_img View post tag: Somalia View post tag: Navy View post tag: improving View post tag: EUNAVFOR View post tag: Stability View post tag: Commander View post tag: Security Share this articlelast_img read more

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Dutch Ambassador Calls on Commander of Sri Lanka Navy

first_img Dutch Ambassador Calls on Commander of Sri Lanka Navy Back to overview,Home naval-today Dutch Ambassador Calls on Commander of Sri Lanka Navy December 2, 2013 Authoritiescenter_img Ambassador of the kingdom of Netherlands in Sri Lanka, His Excellency Louis Piet called on Commander of the Sri Lanka Navy, Vice Admiral Jayanath Colombage at the Naval Headquarters on 29th November 2013.He introduced the newly appointed Netherlands Defence attach, Mr. Allard Wagemaker, who is based in New Delhi, to the Navy Commander. They held cordial discussions on matters of mutual interests and exchanged mementoes to mark the occasion.[mappress]Press Release, December 02, 2013; Image: Sri Lanka Navy Share this articlelast_img

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GALLERY: Royal New Zealand Navy celebrates 75th anniversary

first_img February 8, 2016 Back to overview,Home naval-today GALLERY: Royal New Zealand Navy celebrates 75th anniversary Authorities View post tag: HMNZS Wellington View post tag: HMNZS TE MANA View post tag: HMNZS Hawea View post tag: HMNZS Canterbury GALLERY: Royal New Zealand Navy celebrates 75th anniversary As part of the Royal New Zealand Navy (RNZN) 75th Anniversary celebrations, a formation entry into Auckland’s Waitemata Harbour was held Monday, February 8.The formation entry included a 17-gun salute from HMNZS Canterbury as she passed Devonport Naval Base at midday, and this was reciprocated with an 11-gun salute fired from HMNZS Te Mana, berthed at Devonport Naval Base.New Zealanders were able to watch the ceremony from ashore, from North Head and other vantage points around the Auckland’s harbour.Maritime Museum heritage vessels, the scow Ted Ashby and the steam vessel Breeze, also accompanied the RNZN ships.The salute is a naval tradition in which the Maritime Component Commander of the RNZN is formally acknowledging the newly appointed Chief of Navy, Rear Admiral John Martin ONZM.Following the formation entry this afternoon, the ships engaged in manoeuvers, including a boarding party deployment from HMNZS Wellington via RHIBs to HMNZS Hawea and a winching demonstration using 6 Squadron’s Seasprite SH-2G helicopters to conduct a transfer between ships.[mappress mapid=”17682″]Images: Royal New Zealand Navy View post tag: Royal New Zealand Navy Share this articlelast_img read more

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