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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
Post by vindaloo_u2on Feb 25, 2010 10:21am
954 Views
Post# 16818921

connacher/halfway

connacher/halfwayOur winter 2010 core hole program was completed this week, under budget and ahead of schedule even though our core hole well count was increased to 68 wells at Great Divide and to 13 gross wells at Halfway Creek. This program was initially anticipated to be approximately 60 gross wells in total, but was increased due to considerable encouragement encountered at both sites while drilling and because of an improved cost structure and efficiencies arising from our experience in core hole drilling. Connacher had conducted 3D seismic over the northern portion of its main lease block in 2008. We believe we experienced considerable success in testing the features arising from the 2008 3D program. In our opinion and assessment, we believe we have delineated additional pods north and northeast of Pod One, with up to 30 meters of net SAGD pay identified in certain wells. We are very encouraged by this program, the results of which will be interpreted along with now-completed additional 3D seismic shot this winter. We also were encouraged by the resources we believe we identified this winter at Halfway Creek, where we hold a 50 percent working interest. An independent evaluation of the results of these programs will be conducted by GLJ Petroleum Consultants Ltd. ("GLJ"). This updated reserve and resource evaluation should be available to Connacher for public disclosure in early July 2010.
Bullboard Posts