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A O Smith Corp V.AOS


Primary Symbol: AOS

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.


NYSE:AOS - Post by User

Bullboard Posts
Comment by ppprecieson Apr 05, 2009 4:34am
859 Views
Post# 15897605

RE: New gas well on-line according to Arcan

RE: New gas well on-line according to Arcan

Arcan says:

- New exploration gas well discovered in Hamburg was placed onproduction on April 1, 2009, at rates exceeding 1,000 (500 net) boe perday. This well is expected to only pay a 5% royalty for its first 500mmcf of production.

- Deer Mountain and Hamburg GG Poolwaterflood implementation projects have been successful in creating twohigh quality light sweet oil assets with low production declines andlong reserve life. Infrastructure is in place to develop and exploitthese assets. In Hamburg, the Corporation has up to 8 infill locationsin the Slave Point GG Pool which are expected to have Good ProductionPractice ("GPP") status. In Deer Mountain, the Corporation has years ofdrilling inventory built by its technical team.

- Bank line of $50 million confirmed to April 2010.

Bullboard Posts