BPI Energy to Present Joint Studies at the Unconventional Gas Resources Technical Session of the 2006 SPE Eastern Regional Meeting.CLEVELAND -- BPI Energy BPI Energy Holdings Inc. (AMEX: BPG) is an independent energy company based in Solon, Ohio, U.S.A. The company is engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, covering over ("BPI (Bits Per Inch) The measurement of the number of bits stored in one linear inch of a track (storage channel) on a disk or tape. Bit density on magnetic disks has reached 800,000 bpi (800 Kbpi). See tpi, areal density and magnetic disk. BPI - bits per inch "), the operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of BPI Energy Holdings, Inc. (AMEX AMEX See: American Stock Exchange :BPG BPG Blocks Per Game (basketball statistic) BPG Bisphosphoglycerate BPG Bi-National Planning Group (NORADHQ) BPG Belgian Polymer Group BPG Binational Planning Group ), an independent energy company engaged in the exploration, production and commercial sale of coalbed methane Coalbed methane is a form of natural gas extracted from coal beds. In recent decades it has become an important source of energy in United States, Canada, and other countries. (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ) in the Illinois Basin, announced that it will present two joint studies tomorrow, Thursday, October 12, at the Unconventional Gas Resources technical session of the 2006 Society of Petroleum Engineers (SPE SPE - Software Practice and Experience ) Eastern Regional Meeting in Canton, Ohio Canton is a city in the U.S. state of Ohio and the county seat of Stark CountyGR6. The municipality is located in northeastern Ohio and is situated on the Nimishillen Creek, approximately 24 miles (38 km) south of Akron[4] . The three-day symposium features technical papers drawn from industry, government and academia focusing on new and emerging technologies in oil and gas production.
Thursday, October 12, 2006: Unconventional Gas Resources
Time: 10:00 a.m.
Presentation: Case History: First Commercial Illinois Coalbed
Methane Project Commences Via a Structured Resource
Evaluation Plan
Co-authors: Randy G. Oestreich, Vice President of Field
Operations, BPI Energy; and G.D. Rodvelt,
Halliburton Energy Services Group
Summary: The BPI/Halliburton joint paper updates a
previously published study that presents the
evaluation plan used to transition the pilot phase
of this coalbed methane project into a 86-well
field development program in 2004 through 2006 via
comprehensive, step-wise data acquisition,
assessment and development.
Time: 11:00 a.m.
Presentation: Obtaining Permeability Values in a Coalbed Methane
Core-Hole Utilizing Slimhole Technology Coupled
With an Injection/Falloff Technique
Co-authors: Randy G. Oestreich, Vice President of Field
Operations, BPI Energy; G.D. Rodvelt and D.J.
Mullins, Halliburton Energy Services Group; and
R.L. Toothman, CNX Gas Co. LLC
Summary: This collaborative study presents innovative
methods for determining the CBM productivity
potential of coal reserves.
Commenting on the presentations, President and Chief Executive Officer James G. Azlein stated, "Our in-house technical team's specialized expertise and extensive experience in successfully developing early-stage CBM plays is actively supporting BPI's accelerating CBM production activities. We are pleased to have the opportunity to present the latest in data-collection and assessment techniques at this targeted venue." For information on how to obtain a copy of these technical papers, please e-mail: ir@bpi-energy.com To be added to BPI Energy's e-mail distribution list, please click on the link below: http://www.clearperspectivegroup.com/clearsite/bpi/emailoptin.html About BPI Energy BPI Energy (BPI) is an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, which covers approximately 60,000 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. in Illinois, southwestern Indiana and northwestern Kentucky. The company currently controls the dominant CBM acreage position in the Illinois Basin at approximately 500,000 acres. Some of the statements contained in this press release may be deemed to be forward-looking in nature, outlining future expectations or anticipated operating results or financial conditions. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to known and unknown risks, uncertainties and other factors that could cause actual results or conditions to differ materially from the information expressed or implied by these forward-looking statements. Some of the factors that could cause actual results or conditions to differ materially from our expectations, include, but are not limited to: (a) our inability to generate sufficient income or obtain sufficient financing to fund our operating plan through July 31, 2007, (b) our inability to retain our acreage rights at our projects at the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of our lease agreements, due to insufficient CBM production or other reasons, (c) our failure to accurately forecast CBM production, (d) displacement displacement, in psychology: see defense mechanism. Same as offset. See base/displacement. of our CBM operations by coal-mining operations, which have superior rights in most of our acreage, (e) our failure to accurately forecast the number of wells that we can drill, (f) a decline in the prices that we receive for our CBM production, (g) our failure to accurately forecast operating and capital expenditures and capital needs due to rising costs or different drilling or production conditions in the field, (h) our inability to attract or retain qualified personnel with the requisite CBM or other experience, and (i) unexpected economic and market conditions, in the general economy or the market for natural gas. We caution readers not to place undue reliance on these forward-looking statements. News releases and other information on the company are available on the Internet at: http://www.bpi-energy.com |
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