MMS Accepts IB DAIWA Subsidiary Darcy Energy's Gulf of Mexico Lease Bids.Tokyo, Japan, Apr 27, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Darcy Energy, 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 Tokyo-based IB Daiwa Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 3587), was the high bidder on Grand Isle blocks 95 and 100 at the US Govt. Minerals Management Service Central Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east Lease Sale 198 held in March. The lease bid is subject to standard review and acceptance by the MMS, the MMS notified Darcy om March 23 that its bids on these two blocks had been accepted, according to aa statement by IB Daiwa. The MMS acceptance is almost 2 months earlier than expected and is important as it marks Darcy's transformation into an operator in its own right. Darcy's net working interest in each of the blocks is 100% and the net revenue interest is 83.33%. These assets will complement Darcy's existing assets at East Cameron and Main Pass and provide Darcy with the potential of doubling reserves over the coming years. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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