US$460M pre-contract costEsso Exploration and Production Guyana Limited (EEPGL) has come out with one of their most detailed breakdowns of the US$460 million in expenses incurred that will have to be repaid.Exxon’s operation in the Stabroek blockAccording to the company, which is the local subsidiary of oil giant ExxonMobil, the price tag encompasses US$230 million they spent drilling the Liza 1 well, as well as early drill costs for follow on wells.“Approximately $140 million was spent on several seismic surveys, the biggest being the 17,000-square kilometre shot in 2015 over the Stabroek Block. This was ExxonMobil’s largest proprietary seismic campaign,” the company revealed in a statement on the matter.“It was required,” they continued. “Because no 3D data existed for the block previously… the seismic data is what helped us figure out where to drill the wells. Approximately US$25 million (was also spent on) overhead costs, including rentals and training payments.”Finally, the company noted that approximately US$65 million was spent on geology and geoscience experts, as well as engineering teams, to plan and design the drilling campaign… a campaign the company pointed out led to “one of the most important oil fields of the past decade.”According to Annex C of the Production Sharing Agreement (PSA) Guyana signed with Exxon, pre-contract cost “shall include four hundred and sixty million, two hundred and thirty seven thousand and nine hundred and eighteen United States Dollars (US$460,237,918) in respect of all such costs incurred under the 1999 Petroleum Agreement prior to the year ended 2015.”In a report done on the oil sector last year, the International Monetary Fund (IMF) had urged the Guyana Government to start as soon as possible auditing all exploration and development costs that was being racked up by ExxonMobil. Government has since set up a unit at the Guyana Revenue Authority, though it is unclear if such an audit is underway.In May 2015, Exxon confirmed its significant oil discovery at its Liza 1 exploration well, where more than 295 feet of high-quality oil-bearing sandstone reservoirs was encountered. Exxon’s oil find in Guyana has attracted international attention, with a number of seminars being held over time.Drilling on Payara began on November 12, 2016, with initial total depth reached on December 2, 2016. In January of 2017, the oil giant had announced it had struck oil in its Payara-1 well, targeting the same type of reservoirs as the well’s Liza counterpart.Before that, the company had announced that it made its third significant discovery in its drilling explorations offshore Guyana. Its partner, Hess Corporation, had noted that the Liza 3 exploratory well’s net value could be US$6.2 billion based on calculations from the Bank of Montreal (BMO) Capital Markets.In late June 2016, Exxon’s drilling results at Liza 2 revealed more than 58 metres of oil-bearing sandstone reservoirs in Upper Cretaceous formations. The well was drilled to 5475 metres at 1692 metres water depth. Drilling results confirmed recoverable resources to be between 800 million and 1.4 billion barrels of oil equivalent. Data from the Liza 2 well test is being assessed.Work has been ongoing to build Guyana’s institutions and systems, although Government has faced criticism for the pace of this progress. In addition, assistance is being provided by the IMF to boost Guyana’s administrative capacity to handle the expected inflow of revenue.
FORT ST. JOHN, B.C. – The North Peace Secondary School’s sports teams are nearing the end of their respective seasons.The Senior Boys and Girls Basketball teams are making their final preparations for Provincials in Langley. The girls travel down south for a battle with the provinces best beginning on February 27th to March 4th. The boys don’t travel to Langley until next week for their games starting March 6th to 11th.Meanwhile, the Senior Girls Curling team continues to prepare for Provincials in New Westminster this weekend.- Advertisement –
The Charlie Lake Post Office is now operating out of a trailer outside Jackfish Dundees.The temporary post office opened today, and will remain there until renovations to the Charlie Lake Store is complete.Canada Post was trying to secure a new location for Charlie Lake mail since the original Post Office, housed in the Charlie Lake store, was destroyed by fire on May 5th.- Advertisement –
The NFC trailed 28-14 with 3 minutes to play before injecting a little drama into this normally mellow exhibition. Steven Jackson scored on a fourth-down TD run, and Ronde Barber recovered an onside kick to set up Anquan Boldin’s 47-yard TD catch from Tony Romo with 1:48 left – followed by a tying 2-point conversion catch by Carolina’s Steve Smith. Suddenly, the AFC’s $40,000 bonuses for winning the game were in doubt. But just as quickly as the NFC’s playmakers got back in the game, the AFC got it together again. “I had a feeling they were going to have one more shot,” Jackson said. “These games are all about who lands the last punch, and Carson is a great player.” Palmer, who passed for 190 yards and two touchdowns, calmly got the AFC across midfield – and then Arizona’s Adrian Wilson, mistakenly believing Palmer’s long pass had been tipped, leveled Chad Johnson at the goal line before the throw reached them. The 39-yard pass-interference penalty put the ball near the goal line. San Diego’s Kaeding easily made his field goal, setting off fireworks at sold-out Aloha Stadium for the talent-rich AFC’s eighth win in the last 11 Pro Bowls. Palmer’s hunch proved correct in the improbable final minutes – but thanks to Palmer’s poise and a costly NFC penalty, the AFC’s Hawaiian vacation ended with another win. Nate Kaeding kicked a 21-yard field goal as time expired to cap another strong drive led by Palmer, the MVP of the AFC’s 31-28 victory Saturday in the 57th edition of the NFL’s all-star game. Palmer threw a 42-yard TD pass to Johnson and a 72-yarder to Reggie Wayne, and Baltimore’s Ed Reed intercepted two passes before the frantic finish. Palmer, who took over for Super Bowl MVP Peyton Manning after just two series, went 8-for-17 in his first Pro Bowl appearance after missing last season’s game with a knee injury. League MVP LaDainian Tomlinson also ran for a score as the AFC underlined its regular-season superiority – but until things got tight, neither side cared much about the result in the league’s annual postseason showcase. Instead, they welcomed new stars such as Vince Young – the first rookie quarterback here since Dan Marino in 1984 – and said goodbye to older pros who won’t be back. Tiki Barber, the New York Giants’ running back who’s retiring after a 10-year career, scored on a 1-yard run in the second quarter. Kansas City guard Will Shields, who appeared in his record-tying 12th Pro Bowl, also is contemplating retirement. Baltimore’s Adalius Thomas returned Marc Bulger’s fumble 70 yards for a confusing score in the first half, but there was no confusion about the game’s best play: Sean Taylor, the maverick Washington safety, broke the unwritten rule about hard hits in an exhibition when he viciously leveled Buffalo punter Brian Moorman on an attempted fake in the third quarter. “Believe it or not, it wasn’t as bad as it looked,” Moorman said. “It was just hard. It took me a second to realize that it didn’t hurt so bad, so I got right back up.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! HONOLULU – Even while the star-studded AFC cruised to a comfortable lead in the Pro Bowl, Carson Palmer could sense a wacky finish lurking just beyond everybody’s control. “With this much talent, anybody could change the game at any time,” the Cincinnati quarterback said. “You’ve got to expect something crazy to happen, because it will.”
0Shares0000Lionel Messi made an unhappy start to the World Cup, missing what would have been a winning penalty as Argentina were held to a 1-1 draw by minnows Iceland © AFP / Mladen ANTONOVNIZHNIY Novgorod, Russian Federation, Jun 20 – Argentina are rallying around captain Lionel Messi as the South American giants prepare for their crucial Group D clash with Croatia here on Thursday.Messi made an unhappy start to the World Cup on Saturday, missing what would have been a winning penalty as Argentina were held to a 1-1 draw by minnows Iceland. It was a result that has renewed doubts about Argentina’s ability to mount a sustained challenge at this World Cup, four years after they reached the final in Brazil.Another adverse outcome on Thursday and many may even start to consider the unthinkable — that Argentina could be on their way out at the group stage, mirroring their shock first round exit in 2002.Legend Diego Maradona called the Iceland result a “disgrace” and warned coach Jorge Sampaoli he would not be able to return to Argentina with similar performances.Adding to the sense of disappointment, Messi’s missed penalty was accompanied by 11 unsuccessful shots, the most in a World Cup game without return by a single player since Italy’s Luigi Riva in 1970.Argentina’s players however have been quick to close ranks around the Barcelona superstar.“We are all with him, he knows that he can count on the support of all of us more than ever,” said Argentina striker Paulo Dybala.“We are here to help him every moment, and of course we will be at his side,” Dybala added.Defender Cristian Ansaldi meanwhile insisted Messi was in good spirits despite the Iceland setback.“We all know what Messi represents to our team and to our country,” Ansaldi said. “Not only is he the best player in the world on the pitch, he is also best player off the field. He’s in good shape and that’s good for us.”Despite the solitary point against Iceland, Argentina can take solace from a performance which saw them muster 26 shots and have 72 per cent possession against Iceland.Sampaoli is reportedly considering several changes for the game, including drafting in young forward Cristian Pavon for Angel Di Maria for more creativity up front.Similarly in midfield, Paris Saint-Germain’s Giovani Lo Celso could start as Argentina seek more attacking options, possibly at the expense of Lucas Biglia.Their jobs would be to supply Messi and goalscorer against Iceland Sergio Aguero with the kind of service on which they would thrive in a potential 3-3-3-1 formation.Croatia may have secured a vital three points in their 2-0 win against Nigeria in their opening game, but their mood can hardly be described as euphoric.They came into the tournament under a cloud, with captain Luka Modric charged with perjury in a corruption scandal which has rocked Croatian football.And striker Nikola Kalinic has left Russia due to a back injury, says coach Zlatko Dalic, but amid reports he refused to come on as a substitute after being left out of the starting line-up.Off-field problems for now though have not affected them and they are expected to field an unchanged team, which also includes Messi’s Barcelona teammate Ivan Rakitic.The teams have met only once before in the World Cup, in 1998, when Argentina won 1-0 and were the only team that year to prevent Golden Boot winner Davor Suker from scoring.One other possible omen for Thursday; when Riva racked up his unwanted record in 1970, the Italian legend promptly scored two goals in his next match.Argentina will be hoping for the same from Messi.0Shares0000(Visited 1 times, 1 visits today)
0Shares0000Gianluigi Buffon lasted just one season at PSG, playing 25 times © AFP/File / FRANCK FIFEPARIS, France, Jun 5 – Gianluigi Buffon said Wednesday that he will return to Italy after agreeing to leave Paris Saint-Germain at the end of the month, with the World Cup winner looking for “new challenges” in his home country after a year in the French capital.Ligue 1 champions PSG had announced earlier that both club and player had agreed not to renew the former Italy captain’s contract, which expires on June 30, after an underwhelming spell between the PSG sticks. “Today my adventure outside Italy ends: PSG offered me a contract renewal that I didn’t feel it was right to sign given my desire for new experiences and professional challenges,” the 41-year-old wrote on Instagram.The veteran goalkeeper, who won the World Cup in 2006 and is Italy’s most-capped player with 176 appearances, did not say he would retire as a player and did not specify what challenges he was seeking.“Ernest Hemingway wrote that there are only two places in the world where people can live happily: at home and in Paris. Today onwards, this will also apply to me: Paris, in some way, will always remain my home,” he wrote in a statement published on PSG’s website.Buffon joined PSG last summer after ending a trophy-packed 17-year career at Italian giants Juventus and played 25 times in all competitions last season, winning the Ligue 1 title and the curtain raiser Champions Trophy.This season’s league title was the 10th of Buffon’s career, adding to a bulging trophy cabinet that contains just about every honour in football.However the Champions League has eluded him despite him spending the bulk of his career at Juve, one of Europe’s biggest clubs, and it was hoped that he might break his duck with the Qatari-funded Parisians.However despite winning the league at a canter, the past season was a poor one for both Buffon and a team with lofty ambitions on the European stage.They missed out on both domestic cup competitions and most importantly were dumped out of the Champions League by Manchester United in embarrassing style, blowing a 2-0 first-leg lead to go out on away goals following a controversial last-gasp penalty.Buffon made a crucial error that helped United achieve their remarkable comeback, spilling Marcus Rashford’s weak shot into the path of Romelu Lukaku to allow the Belgian to score the away side’s second and set up a dramatic finish.0Shares0000(Visited 1 times, 1 visits today)
Re “Mahony takes hit for church” (Viewpoint, Dec. 9): Doug McIntyre raises an interesting point shared by many people. As a retired clinical psychologist, I propose another. Being a leader of any top organization (whether corporate, political, religious, educational or military) is very difficult with many tough decisions. Many good people and well-intentioned leaders simply are not equipped to handle the pressure and crack under the strain. Perhaps it is time to compassionately realize when a leader of any group can no longer do the job and have some exit strategy built into the organization that would not lead to international disgrace. It should be socially acceptable, without condemnation, to resign a top job in the middle of a term of office. – Mary Anne Rust – Paul A. Klinger Granada Hills Retention dispute Re “LAUSD: Failing up” (Viewpoint, Dec. 9): As a teacher with over 10 years’ elementary school experience in LAUSD, I would dispute two of Mr. Kujawsky’s points. First, more than causing feelings of shame, research has shown that for the most part (unless the child is barely age appropriate and would benefit by the extra year of maturity), retention does not result in meeting the standards. Often there is a behavior component that must be dealt with aside from the standards. Far more effective is intervention. Second, to say that “many will choose the path of least resistance” assumes far more willfulness in 8- and 9-year-olds than I have witnessed. Mr. Kujawsky implies that these children will work harder/do better if threatened with retention, and this has not been my experience. – Isaac Weingart Northridge A key question Re “Waterway going from eyesore to city jewel” (Dec. 8): Why is it that nowhere in this long story on the revitalizing of the Los Angeles River is mention given to the measures being taken to prevent massive flooding in Los Angeles once “tearing up the concrete and restoring the river to a functional natural state” is accomplished? Before the river was lined with concrete by the Army Corps of Engineers in the 1950s, Los Angeles experienced disastrous floods. Where the concrete lining is ripped out, as envisioned by the current powers that be, what will be put in place to ensure the floodwaters drain out as well as they do now? – Gene Pomerantz Tarzana Fiduciary duty Now that the Fed is expected to lower interest rates, the focus should be on the banks. The banks have not lowered the mortgage rates commensurate with the discount rates. Had the banks done so, a 30-year mortgage would be at 5.5 percent or lower. The lack of movement in mortgage rates shows the banks continue to be the culprits here, either by failing to disclose the effects of “neg am” loans, or their involvement in manipulating rates in the indices which they used as a basis for adjusting rates upward. The so-called loan consultants betrayed their fiduciary duties to borrowers as well by failing to disclose bank marketing practices using teaser rates. – Leigh Datzker Woodland Hills A blaze, all right After the Omaha mall shooting and school shootings in Colorado and other places, it’s obvious that sick people in our society get the idea that this is some kind of easy out. They want to go out in a blaze of glory. If they could only think ahead, they would realize the only blaze they are headed for is the one in Hell. – Ron Sellz Chatsworth160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champWoodland Hills Good on paper Re “LAUSD: Failing up” (Viewpoint, Dec. 9): Teacher Paul Kujawsky’s argument in favor of stricter enforcement of retention guidelines may sound good on paper, but the reality is that repeated retentions will not result in students working harder or reaching proficiency any quicker. Rather it will just increase the already too-high dropout rate dramatically. Few teenagers will be willing to remain in elementary or middle schools to age 18, and making remedial classes available at all grade levels in all high schools would be prohibitively expensive and take up too much space. Perhaps the “one size fits all” and “teaching to the test” mentality of the No Child Left Behind Act needs to be fine-tuned; or better yet, eliminated completely.
Nicu Alexandra, a third year Marketing student, part of the Erasnus programme, at LYIT is pictured attempting to set a a satisfactory time on one of the drive simulators on campus at LYIT as part of the ‘Road Safety Awareness Week’.The ‘Room to Race’ is a simulator product which gives the students a chance to test their skills under the supervision of the instructors provided. On first attempts most of the group failed to use the brake with sufficient frequency added with the complications of poor road positioning, thankfully many sought to re-sit the simulator experience thereby gaining an improved level of performance.Watched by students Cory Gallagher and Donagh O Callaghan, both Business with Sports Coaching students, Nicu managed the best time of the day, on her second attempt.There will be many other projects on display during Road Safety Week at the LYIT this week.(photo by Paddy Gallagher) LYIT STUDENTS BUCKLE UP FOR ROAD SAFETY WEEK was last modified: March 24th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:LYITRoad Safety Week
A little girl is lucky to be alive after falling from a hotel balcony during a wedding reception.Eva Sweeney, 3, who was on holiday from Scotland with her family for the celebration plunged 20ft from a balcony at the Ostan Hotel in Goath Dobhair.The toddler crashed onto a roof before falling onto the concrete below. Medics had to revive the tot after she crashed on to a roof, then slammed on to concrete.Amazingly, she only sustained bruising to her head and body, two black eyes and an injured shoulder.However, Eva had to spend five nights in hospital while undergoing checks.She was admitted to Letterkenny General for one night before being transferred to Temple Street Children’s Hospital, in Dublin. Health and safety bosses are investigating the incident last Saturday.Eva’s parents Sarah and Joe, both 35, of Kings Park, Glasgow, are preparing to sue the owners of the Irish hotel where the drama happened.It is understood the balcony’s railing has now been boarded up.Last night, Eva’s dad Joe said: “It was frightening. Eva’s an amazing wee girl, she’s lucky to be alive.”Her uncle Simon Murphy, 34, added: “It’s a miracle that Eva is still with us. “I was told on Sunday morning and booked a flight to Ireland straight away.“The paramedics had to revive Eva at one point, so we feel really lucky that she’s still alive.“I saw her sitting up in the hospital with two black eyes but she was still smiling.“The wedding party went on to the hotel balcony and there was a band playing. It appears that Eva was playing tig with some other children when she put her hand out to lean on the balcony fence – but fell through it because the plastic panelling was missing. “We’re lucky there was a roof below because it broke her fall.”A spokesman for the Health and Safety Authority said: “We’ve been made aware of the incident and are conducting an investigation.One of the hotel’s owners, Charles Boyle, said: “We have spoken to a member of the family and we understand the girl is now, thankfully, well and out of hospital.”EndsTODDLER CHEATS DEATH AFTER FALL FROM HOTEL BALCONY was last modified: August 14th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:fallOstann Gaoth Dobhairtoddler
The Fianna Fáil Spokesperson on Education Charlie McConalogue has called on Education Minister Ruairí Quinn to explain why so many retired teachers are still being employed by his Department, while graduate teachers can’t find work.According to new figures supplied to Deputy McConalogue by Minister Quinn, there were 153 retired teachers on the payroll in December with 128 of them were in substitute teaching jobs, mostly at primary level.Deputy McConalogue has described the situation as extremely wasteful, at a time when so many graduate teachers can’t find work. “I am struggling to understand why so many retired teachers, who are already earning pensions, are being employed to fill valuable teaching posts when there are thousands of recently qualified teachers looking for work,” said Deputy McConalogue.“These posts may not permanent, but at a time when there are very few jobs for teachers these roles provide valuable opportunities for graduates to get a foot on the career ladder, gain teaching experience and earn a pay cheque.“Graduates have far more to gain from these roles. These are 153 jobs that could have been of huge benefit to young teachers looking to get into the workplace. It is hugely disappointing that the salary and the experience went to retired teachers instead.“I tackled Minister Quinn about this issue before last summer and his explanation was that some teachers who had officially retired were re-employed to see out the reminder of the school term so that disruption to students would be minimised. That’s fine, but this time has come and gone. “We are half way through the next academic year and the latest figures show that graduate teachers and those who looking for work are still missing out. The Minister must explain why this is the case and outline what he plans to do to ensure that all available roles, including substitute and casual roles, will be offered to those who need it most.”RETIRED TEACHERS STILL TAKING UP TEACHING JOBS – MCCONALOGUE was last modified: February 13th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:deputy charlie mcconalogueteachers