Chroma Energy, Winstar and UltraStar To Explore North Slope, Alaska.Business/Energy Editors ANCHORAGE, Alaska & HOUSTON--(BUSINESS WIRE)--Oct. 23, 2002 Amorah, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Chroma Short for "chrominance." The attributes of a color, which include its hue (frequency) and saturation (amount of black). See hue and saturation. Energy Inc. of Houston, has signed an exploration agreement with Winstar Petroleum LLC and UltraStar Petroleum LLC, both of Anchorage, Alaska, to generate prospects in support of their exploration activities on the North Slope North Slope, Alaska: see Alaska North Slope. of Alaska. Under terms of the agreement, Chroma will evaluate the seismic data that Winstar and UltraStar have licensed from BP and ConocoPhillips over the last several years, using Chroma Energy's proprietary pattern recognition and pattern enabled visualization software. According to Jim According to Jim is an American situation comedy television series originally broadcast by ABC. The show premiered with little publicity in October 2001, following the surprise hit comedy My Wife and Kids. Weeks, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Winstar and UltraStar, "Chroma Energy's success rate of finding oil and gas is over 75%. I look forward to their involvement with us as we aggressively continue to evaluate our extensive acreage position on the North Slope." Said Don Voelte, CEO of Chroma Energy, "This agreement represents another significant step in the growth of Chroma's business. We are pleased that Winstar and UltraStar have recognized the value of Chroma's exploration experience and proprietary technology, and are excited to prospect in this prolific oil province." Winstar, founded by John Winther of Petersburg, Alaska Petersburg is a city in Wrangell-Petersburg Census Area, Alaska, in the United States. According to 2005 Census Bureau estimates, the population of the city is 3,010.[1] History , and Dale Lindsey Dale Lindsey was terminated as the linebackers coach for the Washington Redskins on January 16, 2007. This was his second stint with Washington. He was one of several former NFL coordinators serving as a position coach on the Redskins' coach staff. of Seward, is an exploration company with over 12,000 leased acres acquired in 1997 and 1998. UltraStar, formed in 2001, added to Winstar's leasehold position at the Badami and Liberty Field areas on the eastern North Slope. The companies have over 23,000 acres of State lands under lease, which makes them the 6th largest leaseholder of the 21 small independents and individuals with positions on Alaska State acreage. Both companies are headquartered in Anchorage. For more information or questions about Winstar and UltraStar, please contact via e-mail: jweeks@winstarpetroleum.com; or call 907/258-2969. Chroma Energy Inc. is an energy exploration company specializing in exploration and development projects. The company develops high quality prospects by applying its pattern recognition and pattern enabled visualization technology. ImageGenetics(TM) and ChromaPattern(TM) perform pattern analysis of massive amounts of seismic data by using the implicit geologic information, present but hidden in the underlying seismic data. ChromaVision(TM) is the only 3D geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge visualization application with pattern recognition built into the 3D fabric of the application. This inherent 3D pattern recognition is developed through research performed by Chroma Energy and is only available with Chroma's proprietary methods that are protected by patents. Headquartered in Houston, Chroma Energy maintains its research and development in Boulder, Colo. For more information, visit www.chromaenergy.com. This news release contains forward-looking statements that are based on current expectations subject to various risks and uncertainties that could cause the Chroma Energy's actual results to differ materially from those included in the forward-looking statements. Although the Chroma Energy believes its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Factors that could cause actual results to differ materially from those contained in forward-looking statements include, but are not limited to, those relating to the results of exploratory drilling activities, fluctuations in oil and natural gas prices, operating risks, regulatory and environmental matters, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , availability of drilling rigs, weather, and the general condition of the economy and its effect on the securities market. Investors are directed to consider such risks and other uncertainties. |
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