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News Breaks | | | | September 12, 2012 | | 04:55 EDT |  | IO, IO, HERO, HERO, RNET, RNET, NE, NE, TKPPY, TKPPY | Pareto Securities to host a conference
19th Annual Oil & Offshore Conference is being held in Oslo, Norway on September 12-13. | |
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News For RNET;NE;TKPPY;IO;HERO From The Last 14 Days Check below for free stories on RNET;NE;TKPPY;IO;HERO the last two weeks. |
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| May 21, 2013 | | 07:36 EDT | | NE | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link | | | May 20, 2013 | | 07:41 EDT | | NE | Mitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23. | | | 07:03 EDT |  | HERO | Hercules Offshore to divest majority of inland fleet for $45M
Hercules Offshore announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets for cash proceeds of approximately $45M. Excluded from the Inland Asset Package are the Hercules 27, for which the company has a separate agreement to sell the rig to a third party for $5M, the Hercules 52, and the Hercules 9. The company will also retain existing working capital within the Inland segment. Closing will be staggered based on the expiration dates of existing contracts on the three active rigs and is subject to the completion of certain customary closing conditions. The initial closing will include ten of the rigs and is expected in late second quarter, at which time the company will receive $35M, and closing on the final rig is expected in early third quarter 2013, at which time the company will receive the remaining balance of $10M. The company expects to record a non-cash impairment charge of approximately $40Mas a result of the sale in the second quarter 2013. | | | May 15, 2013 | | 11:48 EDT | | NE | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | May 14, 2013 | | 06:13 EDT | | NE | Noble awarded a four-year, $655M drilling contract by Statoil
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