Texaco secures Polish coal-bed methane concession.WARSAW, Poland--(BUSINESS WIRE)--July 1, 1997--Texaco announced today that its subsidiary Texaco Slask Sp. z.o.o. has been granted a concession of approximately 100 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 the Upper Silesian si·le·sia n. A sturdy twilled cotton fabric used for linings and pockets. [After Silesia.] Coal Basin, west of Krakow, in southern Poland to explore for coal-bed methane methane (mĕth`ān), CH4, colorless, odorless, gaseous saturated hydrocarbon; the simplest alkane. It is less dense than air, melts at −184°C;, and boils at −161.4°C;. . The concession was awarded by Poland's Ministry of Environmental Protection, Natural Resources and Forestry following acceptance of Texaco's work program detailed in the contract the company signed in May this year with the Ministry. The work program has been approved by the Polish Bureau of Geological Concessions as well as 12 local governments whose jurisdiction covers the concession area, in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with Polish law. Commenting on the concession, Louis Joubert, Texaco Manager, Poland, said: "Securing the concession from the Polish government is a significant step forward and means we can now get on with the main business of starting the exploration program. Through the exploration process, we will obtain a better understanding of the geology in the area to help us evaluate the commercial potential of the coal-bed methane." Preparations for the first step of the exploration program -- appraisal drilling -- will commence immediately, followed later by prolonged pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. testing. -0- NOTE TO EDITORS: Coal is the source and reservoir rock for methane gas. Once extracted, the gas can be sold for industrial or domestic use. Additional Texaco information is available on the World Wide Web at: http://www.texaco.com CONTACT: Texaco Inc. Jim Swords (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), 914/253-4156 Andy Norman (London), 44-171-719-4477 |
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