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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 JohnnyWangon Nov 24, 2011 2:09pm
240 Views
Post# 19264903

News Release - Old news??

News Release - Old news??No one has mentioned anything regarding the news release yesterday. Was this real old news or something? Any comments? I have been away from this board for a while but still hold a small position. Calgary, Alberta CANADA, Nov 23, 2011 (Filing Services Canada via COMTEX) -- Alberta Oilsands Inc. (AOS - TSX Venture), announces that GLJ Petroleum Consultants ("GLJ") has recently completed a resource evaluation report (the "GLJ Report") dated November 22, 2011 and effective September 30, 2011, for the Company's Clearwater property, located south and east of the City of Fort McMurray. The GLJ Report did not assign reserves. GLJ has assessed contingent resources of 373 million barrels in the best estimate case. The assessment reaffirms the magnitude and quality of the bitumen resources attributed to the Clearwater property and updates and supersedes all previous reports assigning probable reserves and contingent resources to the Company's Clearwater property.The GLJ Report was prepared using recently acquired information from AOS' winter 2011 exploration program. The resource assessment includes bitumen resources attributed to the additional bitumen rights ("lands") purchased by AOS in November of 2010. Approximately 6 sections of the AOS Clearwater lands are deemed to meet GLJ's criteria for a contingent resource assessment. Consistent with AOS' current intentions, the report is based on development of the resource using Solvent Low Pressure Steam Assisted Gravity Drainage (SLP-SAGD). The recoverable volumes have been classified as contingent resources, not reserves, pending successful piloting of the SLP-SAGD technology, further delineation drilling, facility design, regulatory approvals and firm development plans. AOS continues to pursue regulatory approval for its SLP SAGD recovery project as the next step in bringing these resources to production.
Bullboard Posts