QUOTE AND NEWS
Upstream Online  Aug 24  Comment 
JV partners hoping to convince petroleum ministry they have satisfied work commitments
Upstream Online  Aug 23  Comment 
Talks over potential deal involving field which could help underpin PNG LNG expansion
Upstream Online  Aug 21  Comment 
Better than expected performance from the PNG LNG project sees company narrow output forecast
OilVoice  Aug 17  Comment 
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purc ...
Upstream Online  Aug 17  Comment 
OilVoice  Aug 8  Comment 
Santos today announced the Barikewa-3 well, located in Papua New Guinea's onshore Forelands regi ...
Upstream Online  Aug 8  Comment 
Drill stem test carried out over appraisal well at the Barikewa field
Upstream Online  Jul 19  Comment 
Chinese giant signs gas agreement, with negotiations with other buyers still ongoing
Upstream Online  Jul 17  Comment 
Deal struck with ExxonMobil for permits adjacent to Total-operated field development
The Economic Times  Jul 10  Comment 
The downstream regulator did not give more details on bidders. Indraprastha Gas (IGL), which operates city gas network in the National Capital Region, bid for 11 geographical areas, according to a company executive.
Yahoo  Jul 6  Comment 
Exxon Mobil Corp (XOM.N) stopped construction on its Angore gas pipeline in Papua New Guinea's strife-hit highlands late last month after building sites were vandalised, the company said on Friday. "All work at the Angore wellpads and pipeline...




 
TOP CONTRIBUTORS

PAA Natural Gas Storage L.P. (PNG) (NYSE:PNG) operates and manages natural gas storage facilities. The company has doubled its storage facilities since 2005, having 40 Bcf as of 31 December 2009. It plans to increase total capacity by 70% to reach a total of 68 Bcf. The company sells its space to customers for a fee. [1]

The company has a contractual relationship with its customers. If there was increased competition in the space or expenses and costs rose, the company would have less cash flow. It faces the risk of not being able to pay the minimum distribution to common shareholders, general partner, and Series A shareholders. [1]

The company's initial public offering of stock filed on the NYSE exchange on 25 January 2010. The proposed offer price range is $20.00-$20.00. The company is offering 10 million shares and raising $200 million. [1]

In FY2009 with year ended 31 December 2009, the company reported $72.2 million in total revenue, up 46.7% from $49.2 million in total revenue for FY2008. Furthermore, the company had $24.0 million in net income for FY2009, up 22.4% from $19.6 million in net income for FY2008. [1]

References

  1. 1.0 1.1 1.2 1.3 PAA Nautlra GAs Storage L.P. S-1/A
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