This project will require an additional cost of $575,000 to bring the product to market. The forecasted ROI on the Stargazer project is $300,000 first year; $550,000 the second year; and $750,000 the third year. This product has an expected life of 7 years. Releasing this product will result in the company being seen as a leader in the industry. While there is not a critical path listed for the Stargazer project, I anticipate being able to complete the project within 12 months to ensure that the company is able to generate revenue on the schedule
Restatement of Financial Results ACC/537 This paper reviews the restatement of financial results of Kodiak Energy, Inc. for the fiscal quarter ended September 30, 2007 and the year ended December 1, 2007. The company was forced to issue a restatement because of financial accounting errors in measurement and in the application of Generally Accepted Accounting Principles in the September 2007 acquisition of the Thunder River assets. On the original financial statement, Kodiak Energy reported issuing seven million common stocks of its company in order to acquire assets owned by Thunder River Energy. In their 10-k and 10-Q statements, Kodiak Energy reported a value of $2 per share at the time of the transaction. However, an investigation by the Securities and Exchange Commission (SEC) revealed
The Keystone XL Pipeline: It’s a Good Thing By: Samantha Prewitt The Keystone XL Pipeline: It’s a Good Thing The Keystone XL Pipeline Project is a proposed crude oil pipeline that begins in Hardisty, Alberta, Canada, crosses through an international border and ends in Steele City, Nebraska. From here it connects with existing pipelines, which will allow American oil producers more access to the large refining areas located in the Midwest and along the US Gulf Coast. It has been six years since TransCanada has applied for approval for this project and the project itself has gone through three revisions, including two reroutes of the pipeline itself. This article will attempt to dissect the benefits of the Keystone XL project and what it
(PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production. Contract drilling makes up 65% of total revenues, pressure pumping makes up 33% of revenues and oil and natural gas exploration and production makes up 2% of revenues. Patterson operates primarily in the Southwestern and Northeastern regions of the United States with 308 contract drilling rigs and 631,070 hydraulic horsepower in pressure pumping equipment; and operates 20 contract drilling rigs in
Introduction Bennett Alexander invented a glow light using a series of chemicals into a contraption he calls Chemalites. He started up his business by getting $500,000 from investors and to put his invention on the market (Wilson, 2008). But by the end of 2003, with operations in full swing for a good six months, Chemalite, Inc. saw its cash balance drop tremendously, which Alexander and his investors viewed as a negative. Even though they thought their business was doing well, the numbers they read indicated otherwise. Questions * What are some of the reasons the company should continue to operate?
jenny 12 April, 2012 Oil Pipeline in Alaska “Built in the 1970s after oil was discovered at Prudhoe Bay (1968), the 48-inch diameter, 800-mile pipeline links Prudhoe Bay on the Arctic Ocean with the terminal at Valdez, the northernmost ice-free port in the Western Hemisphere.” (Aurora Webmasters). The oil pipeline in Alaska is modem project. It was perfect designed for environmental safety; however, it was upsetting animal trails. It was also representatives for oil industry and developed economic in Alaska. Alaska pipeline is the largest pipeline system in the world.
The productive limits of the ground have not been determined, but cover more than one million acres, and this could reach two million acres, when more ground is proven. Initial production (IP) rates often exceed 1,000 barrels of oil equivalent (BOE) per day with a 90% oil and liquids mix, very styling today. The Wolfcamp is a blanket formation across the Permian Basin and acts as a source rock for much of the areas conventional oil and gas production. The Wolfcamp rock unit generally varies in thickness from 800-1,200 feet, with some areas up to 2,000 feet thick. The depth of the Wolfcamp formation varies from around 5,000 feet on the normally pressured southeastern side of the play to more than 10,000 feet in the over pressured northwest, where the play is generally considered richer in oil.
At this point, the Slanket was in its third year and was expected to receive revenues of only $7 million (ibid). These symptoms stem from one main issue – the difference in capitol investment in marketing between the two products. III. Relevant Facts To gain a better understanding of the case, we have provided several relevant facts for consideration. These facts offer insight into how to address the case issues, identify problem areas and offer alternative solutions for Slanket.
In 1946 at the age of nineteen Chavez joined the United States navy, but years before that in 1944 Cesar Chavez was arrested at a segregated theater for no reason at all. In April 1962, Cesar Chavez along with others began the United Farm Workers or mostly known as the UFW. On September 30th 1962 the red flag with the black eagle, as the sign of hope to the union. Cesar Estrada Chavez was also known for many of his boycotts against some of the most known vineyards like Guimmara and DiGiorgio. The Union took up many strikes against DiGiorgio vineyards but in 1965 was the huge boycott against their grapes that the corporation had to get a judge’s order against picket lines on May 20th, 1965.
The 2011–2012 Syrian uprising is an ongoing internal conflict in Syria, a part of the wider Arab Spring. Public demonstrations first took place on 26 January 2011, but were only a sporadic occurrence until mass protests erupted inDaraa on 15 March. The situation quickly developed into a full-scale nationwide uprising, with protesters demanding the resignation of PresidentBashar al-Assad and the overthrow of the government. The situation in Syria is part of the Arab Spring, a wave of social upheaval throughout the Arab Worlddemanding greater political freedom and an end to autocracy. Inspired by the successful revolutions in Tunisia and Egypt, Syrian protesters have employed the use of tactics such as marches, hunger strikes, rioting, and vandalism, in a sustained campaign of civil resistance aimed at ending nearly five decades ofBa’athist rule.