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Jay Hawk Resources LLC
 
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07/26/2008 Europe/London +0100 BST

Jay Hawk Resources LLC - Oil and Gas Industry

Investors looking to hedge against inflation and the weak dollar have dumped their money into oil and other commodities, contributing to a 50 percent oil price rally this year that reached a peak above $147 a barrel this month.

Dealers said Wednesday's losses were triggered by a 3 million-barrel increase in crude stocks in the United States, against forecasts for a fall, alongside a rise in gasoline and distillates, Energy Information Administration data showed.

"Besides the increase in crude, gasoline, and distillate stocks, it's interesting to note that demand in the United States remains relatively weak as well," Moore said.

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The houseboat was stationed near an oil piping station run by Shell Petroleum Development Co., a joint venture whose major owners are Royal Dutch Shell and the Nigerian government. The station was not targeted, and the attackers maybe have been after weapons on board the boat, Musa said.

There was no immediate claim of responsibility Wednesday.

Jay Hawk Resources - oil and gas investments


Jay Hawk Resources LLC - Oil Investments: The House voted 244 to 173 in favor of the legislation, but the measure fell short of obtaining two thirds of the "yes" votes that was required when the chamber suspends its rules to quickly act on a bill.

Under the suspension of the rules, Republicans were blocked from amending the bill. Republicans say they had enough votes to pass the bill with an amendment lifting the ban on offshore drilling, which is opposed by the Democratic leadership.
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Jay Hawk Resources - Oil Investments
Jay Hawk Resources LLC

Some 40 billion barrels of oil and 1,100 trillion cubic feet of gas have already been found in the Arctic region.

By comparison, US oil reserves stand at 22 billion barrels, and its production level at 1.6 billion barrels per year.

Across the world, proven oil reserves stand at a record 1.24 trillion barrels. Production is stable but consumption -- some 30 billion barrels per day -- is on the rise.

The natural gas the Arctic region is estimated to hold, 1,670 trillion cubic feet, is potentially a more important find since it would represent nearly one third of all the undiscovered gas reserves in the world.

Most of the untapped gas reserves in the Arctic region (70 percent) lie in the West Siberian Basin and East Barents Basin, in Russia, and Arctic Alaska, the USGS said.

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Jay Hawk Resources Information: The Energy Information Administration reported Wednesday that U.S. crude supplies rose 3 million barrels last week. That was opposite the 3 million barrel draw analysts surveyed by energy research firm Platts had expected. Gasoline supplies also leapt higher unexpectedly.

The rise in crude and gasoline supplies shows how high motor fuel prices are starting to weaken demand from U.S. consumers in the middle of America's summer driving season, analysts said.

Jay Hawk Resources

 


Jay Hawk Resources Llc Company has embarked in a drilling program consisting of four wells located in the Fulton Beach area in the state of Texas.

Discovered in 1947, Fulton Beach Field has been developed sporadically since that time. The area is part of a huge barrier island complex in the Miocene and Frio formations.
From and investment perspective, the area has cumulatively produced an estimated 342 billion cubic feet of gas and 36 million barrels of oil.

Opportunities in this fertile field are created by technological advances and new recovery techniques not available to earlier prospectors.

JayHawkResourcellcs has explored this opportunity in great detail and is confident that the potential rewards make for a sound investment.



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