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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (48617)	4/15/2009 9:56:29 AM
From: elmatador	Respond to of 219926

demand still falling... and New deepwater oil discovered in the Santos Basin pre-salt layer 2009.04.15 - Field Development The consortium formed by Petrobras (45% - Operator), BG Group (30%), and Repsol (25%), to explore block BM-S-9, in ultra deep Santos Basin waters, proved the existence of another light oil field in the pre-salt reservoirs. Block BM-S-9 is composed of two assessment areas: the area of well 1-BRSA-491-SPS (1-SPS-50), known informally as Carioca, and the area of well 1-BRSA-594-SPS (1-SPS-55), called informally as Guará. The new well, 4-BRSA-709 (4-SPS-60), informally denominated as Iguaçu, is located in the assessment area of 1-SPS-50 (Carioca), some 340 km off the coast of the State of São Paulo (see the figure below), at 2,140 meters from the water line. The discovery was proved via an oil sampling in test made in the reservoirs located at an approximate depth of 4,900 meters. The consortium will give continuity to the activities and investments that are required to assess the fields discovered in this area pursuant to the Assessment Plan approved by the NPA. A new well is foreseen to start being drilled in this area in the upcoming days. Photo://AGÊNCIA PETROBRAS / HENRIQUE FERNANDEZ

To: Cogito Ergo Sum who wrote (48617)	4/16/2009 12:58:35 PM
From: Snowshoe	Read Replies (1) \| Respond to of 219926

The newsprint market will likely never come back, as papers die off or shift to digital editions... AbitibiBowater to file for bankruptcy By Shawn Langlois, MarketWatch Last update: 12:40 p.m. EDT April 16, 2009 SAN FRANCISCO (MarketWatch) -- AbitibiBowater Inc. said Thursday it is filing for bankruptcy protection in the U.S. and Canada, succumbing to a constricted credit market and a steep drop in demand for newsprint, its primary product. marketwatch.com