James Van Blaricum - Lightning Burgers
Jim Van Blaricum answers questions concerning Lightning Burgers.
Haltom City, April 11, 2008: James Van Blaricum, CEO of Signal Oil and Gas, has been an entrepreneur in several industries. After becoming a medical doctor in the early seventies, Van Blaricum found that his passions were more towards pioneering and running businesses. He started in the oil and gas business in Texas near San Antonio and eventually ran a successful chain of car care facilities before moving back to the oil and gas industry.
At the end of the nineties, Van Blaricum decided to pursue building a fast food chain and towards that end hired several people away from a prominent west coast fast food chain.
“I was intrigued by the fast food business in the late 90s and started a hamburger chain,” states Van Blaricum. “I had hired some other people from another chain that I highly respected. In the course of developing our chain we wanted to make sure we weren’t copying them and made the appropriate efforts to make the business changes that we needed to protect ourselves from a legal point of view. In spite of that, the other chain, which I respect highly to this day, took us to task, and we got caught in the downturn of 9/11 and lost all of our financing and subsequently ended up having to close the business down. In the course of this, one of the local newspapers got a hold of some information that was pretty much one-sided and published a report that had a lot of information in it that I thought was incorrect.” Jim Van Blaricum
James Van Blaricum - PA Resources buys 35% Azurite Marine field stake
LONDON, Apr. 22 -- PA Resources AB has acquired a 35% interest in exploration license Mer Profond Sud and Azurite Marine field in Congo (Brazzaville) from Murphy West Africa Ltd. (OGJ, Oct. 12, 2007, Newsletter).
The $133 million deal adds recoverable reserves of 26 million bbl of oil to PA Resources' portfolio, with initial oil deliveries from Azurite scheduled for second-quarter 2009. Azurite, which holds an estimated 75 million bbl gross of oil reserves, is expected to peak at 40,000 b/d of oil gross.
Appraisal well AZRM-2ST1, which was sidetracked, tested 7,893 b/d of oil and 4.63 MMscfd of natural gas.
The field will be developed from subsea wells, using a spread-moored, floating, drilling, production, storage, and offloading vessel. Jim Van Blaricum
The Mer Profond Sud ermit is in the prolific Lower Congo basin adjacent to Angola's deepwater Block 14 and the Haute Mer permit in the Republic of Congo.
PA Resources also will pick up a 35% stake in a 3,500 sq km exploration block within the license, with 19 undrilled prospects and identified leads. "Four of these have been matured to drill-ready status, with additional resources associated with a large exploration portfolio," the company added. James Van Blaricum
The parties agreed that PA Resources would spend $110 million on the deal and pay $23 million for two exploration wells. The companies will adjust the price depending on performance 1 year after production starts. James Van Blaricum
PA Resources said financial consolidation of the assets would take place "from the beginning of the second quarter 2008."
Murphy West Africa Ltd., a unit of Murphy Oil Corp., will operate the permit and Azurite field with a 50% stake. The other partner is SNPC with a 15% participating interest. Signal Oil and Gas
Signal Oil and Gas
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James Van Blaricum
Haltom City, April 11, 2008: James Van Blaricum, CEO of Signal Oil and Gas, has been an entrepreneur in several industries. After becoming a medical doctor in the early seventies, Van Blaricum found that his passions were more towards pioneering and running businesses. He started in the oil and gas business in Texas near San Antonio and eventually ran a successful chain of car care facilities before moving back to the oil and gas industry.
At the end of the nineties, Van Blaricum decided to pursue building a fast food chain and towards that end hired several people away from a prominent west coast fast food chain.
“I was intrigued by the fast food business in the late 90s and started a hamburger chain,” states Van Blaricum. “I had hired some other people from another chain that I highly respected. In the course of developing our chain we wanted to make sure we weren’t copying them and made the appropriate efforts to make the business changes that we needed to protect ourselves from a legal point of view. In spite of that, the other chain, which I respect highly to this day, took us to task, and we got caught in the downturn of 9/11 and lost all of our financing and subsequently ended up having to close the business down. In the course of this, one of the local newspapers got a hold of some information that was pretty much one-sided and published a report that had a lot of information in it that I thought was incorrect.” Jim Van Blaricum
James Van Blaricum - PA Resources buys 35% Azurite Marine field stake
LONDON, Apr. 22 -- PA Resources AB has acquired a 35% interest in exploration license Mer Profond Sud and Azurite Marine field in Congo (Brazzaville) from Murphy West Africa Ltd. (OGJ, Oct. 12, 2007, Newsletter).
The $133 million deal adds recoverable reserves of 26 million bbl of oil to PA Resources' portfolio, with initial oil deliveries from Azurite scheduled for second-quarter 2009. Azurite, which holds an estimated 75 million bbl gross of oil reserves, is expected to peak at 40,000 b/d of oil gross.
Appraisal well AZRM-2ST1, which was sidetracked, tested 7,893 b/d of oil and 4.63 MMscfd of natural gas.
The field will be developed from subsea wells, using a spread-moored, floating, drilling, production, storage, and offloading vessel. Jim Van Blaricum
The Mer Profond Sud ermit is in the prolific Lower Congo basin adjacent to Angola's deepwater Block 14 and the Haute Mer permit in the Republic of Congo.
PA Resources also will pick up a 35% stake in a 3,500 sq km exploration block within the license, with 19 undrilled prospects and identified leads. "Four of these have been matured to drill-ready status, with additional resources associated with a large exploration portfolio," the company added. James Van Blaricum
The parties agreed that PA Resources would spend $110 million on the deal and pay $23 million for two exploration wells. The companies will adjust the price depending on performance 1 year after production starts. James Van Blaricum
PA Resources said financial consolidation of the assets would take place "from the beginning of the second quarter 2008."
Murphy West Africa Ltd., a unit of Murphy Oil Corp., will operate the permit and Azurite field with a 50% stake. The other partner is SNPC with a 15% participating interest. Signal Oil and Gas
Signal Oil and Gas
James Van Blaricum
Jim Van Blaricum
James Van Blaricum
James Van Blaricum
James Van Blaricum
James Van Blaricum
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