text:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2012 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-35191 LONE PINE RESOURCES INC. (Exact name of registrant as specified in its charter)
(403) 292-8000 (Registrants telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes o No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). x Yes o No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. Check one:
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes x No As of August 9, 2012, there were 85,098,773 shares of the registrants common stock, par value $0.01 per share, outstanding. LONE PINE RESOURCES INC. June 30, 2012 MONETARY AMOUNTS AND EXCHANGE RATE DATA In this Quarterly Report on Form 10-Q for the Quarterly Period Ended June 30, 2012 (the Quarterly Report), references to dollars, $ or Cdn$ are to Canadian dollars and references to U.S. dollars or US$ are to United States dollars. Effective October 1, 2011, we changed our reporting currency from the U.S. dollar to the Canadian dollar. Prior to changing our reporting currency, we obtained a no objection letter from the Securities and Exchange Commission (SEC). See Part I, Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations and note 2 of our financial statements for more information about our change in reporting currency, including the reasons for the change, the manner in which the change has been and will be applied to recast prior period financial statements, and a discussion of the major categories of items in the balance sheet, and statements of operations, comprehensive income and cash flows that are denominated in Canadian or U.S. dollars. The noon-day Canadian to U.S. dollar exchange rates for Cdn$1.00, as reported by the Bank of Canada, were:
(1) Determined by averaging the rates on each business day during the respective period. On August 9, 2012, the noon-day exchange rate was US$1.0077 for Cdn$1.00. LONE PINE RESOURCES INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands of Canadian dollars)
See accompanying notes to condensed consolidated financial statements. LONE PINE RESOURCES INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands of Canadian dollars, except per share amounts)
* see notes 1 and 2 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (In thousands of Canadian dollars)
* see notes 1 and 2 See accompanying notes to condensed consolidated financial statements. LONE PINE RESOURCES INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands of Canadian dollars)
* see notes 1 and 2 See accompanying notes to condensed consolidated financial statements. LONE PINE RESOURCES INC. CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (Unaudited) (In thousands of Canadian dollars, except number of shares)
See accompanying notes to condensed consolidated financial statements. LONE PINE RESOURCES INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (1) ORGANIZATION AND BASIS OF PRESENTATION Organization Lone Pine Resources Inc. (Lone Pine or the Company) is an independent oil and natural gas exploration, development and production company with operations in Canada. Lone Pines reserves, producing properties and exploration prospects are located in the provinces of Alberta, British Columbia and Quebec, and in the Northwest Territories. Lone Pine conducts operations in one industry segment, liquids and natural gas exploration, development and production, and in one country, Canada. The Companys operations are primarily carried out by its operating subsidiary, Lone Pine Resources Canada Ltd. (LPR Canada). Basis of Presentation These financial statements are presented in conformity with U.S. generally accepted accounting principles (GAAP). In these financial statements, unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain amounts in prior periods financial statements have been reclassified to conform to the current periods financial statement presentation. The accompanying financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q as prescribed by the U.S. Securities Exchange Commission (SEC). Lone Pines Annual Report on Form 10-K for the year ended December 31, 2011 (2011 Annual Report) includes additional information related to the Companys initial public offering (IPO) on June 1, 2011 as well as the Companys spin-off from Forest Oil Corporation (Forest) on September 30, 2011 (the Distribution). The 2011 Annual Report also includes a summary of significant accounting policies and should be read in conjunction with this Quarterly Report. All material adjustments (consisting solely of normal recurring adjustments) that, in the opinion of management, are necessary for a fair statement of the results for the interim periods have been reflected. The results for the three and six month periods ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year. The financial statements relating to the period from Lone Pines inception (September 30, 2010) through the completion of the IPO (June 1, 2011) reflect the financial position, results of operations, cash flows or other information, as the case may be, of Lone Pine and Lone Pines predecessor, LPR Canada, on a combined basis. The financial statements relating to the period subsequent to and including June 1, 2011 reflect the financial position, results of operations, cash flows or other information, as the case may be, of Lone Pine and its wholly-owned consolidated subsidiaries. (2) CHANGE IN REPORTING AND FUNCTIONAL CURRENCY Reporting Currency The Companys financial statements for periods up to and including September 30, 2011 were reported using the U.S. dollar, as this was the reporting currency used by Forest. Effective October 1, 2011, the Company changed its reporting currency to the Canadian dollar to better reflect the business of Lone Pine, which is primarily conducted in Canadian dollars. This change in reporting currency was also considered appropriate since there were only two major financial statement categories denominated in U.S. dollars at the time. One category was the liability to Forest (for periods prior to June 1, 2011) and the second category was the Stockholders Equity of Lone Pine (for periods after the IPO date of June 1, 2011). With the change in reporting currency, all comparative financial information has been recast from U.S. dollars to Canadian dollars to reflect the Companys financial statements as if they had been historically reported in Canadian dollars, consistent with the Financial Accounting Standards Boards (FASB) Accounting Standards Codification (ASC) 830, Foreign Currency Matters. The statements of operations, comprehensive income and cash flows for the three and six month periods ended June 30, 2011 were translated into Canadian dollars using the weighted average foreign exchange rate for the period. The resulting foreign currency translation adjustment was reported as a component of other comprehensive income and accumulated other comprehensive income. Functional Currency The Company changed the functional currency of Lone Pine prospectively from October 1, 2011 from the U.S. dollar to the Canadian dollar. The change in functional currency did not have a significant impact on the Companys financial statements as Lone Pines operations are primarily carried out by LPR Canada. The functional currency of LPR Canada has not changed and continues to be the Canadian dollar. As a result of this change in functional currency, there is no difference between the reporting currency and the functional currency of the Company and any of its subsidiaries. (3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: The Companys significant accounting policies have not changed materially from those reported in its 2011 Annual Report. The following information supplements those policies. Long-Term Debt Original issue discounts and commissions associated with the issuance of long-term debt are recorded as a reduction in the carrying value of long-term debt and are amortized using the effective interest rate method over the term of the debt. Direct and incremental costs related to the issuance of long-term debt are capitalized and amortized over the term of the debt using the straight-line method, which approximates the effective interest rate method. Recent Accounting Pronouncements In December 2011, the FASB issued Accounting Standards Update No. 2011-11, Balance Sheet (Topic 210) Disclosures about Offsetting Assets and Liabilities (ASU 2011-11), which requires that an entity disclose both gross and net information about instruments and transactions that are either eligible for offset in the balance sheet or subject to an agreement similar to a master netting agreement, including derivative instruments. ASU 2011-11 was issued in order to facilitate comparisons between financial statements prepared under GAAP and International Financial Reporting Standards by requiring enhanced disclosures, but does not change existing GAAP that permits balance sheet offsetting. This authoritative guidance is effective for annual reporting periods beginning on or after January 1, 2013 and interim periods within those annual periods. Lone Pine is currently evaluating the impact that the adoption of this authoritative guidance will have on its financial statements. In December 2011, the FASB issued Accounting Standards Update No. 2011-12, Comprehensive Income, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 (ASU 2011-12), which defers indefinitely the requirements in Accounting Standards Update No. 2011-05, Comprehensive Income, Presentation of Comprehensive Income (ASU 2011-05) to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income (see note 4 for additional information). The adoption of this authoritative guidance will not have an impact on the Companys financial statements until the specific changes that were proposed under ASU 2011-05 are finalized and issued by the FASB. (4) ADOPTION OF NEW ACCOUNTING STANDARDS In the fourth quarter of 2011, Lone Pine early adopted ASU 2011-05, except for the specific changes that have been deferred under ASU 2011-12, as noted above. The adoption of ASU 2011-05 required the Company to present items of net income and other comprehensive income, and total comprehensive income either in a single continuous statement or in two separate consecutive statements and eliminated the option to report other comprehensive income and its components in the statement of stockholders equity. Lone Pine elected to present two separate consecutive statements. Other than a change in presentation, the adoption of ASU 2011-05 did not have any impact on the Companys financial statements. In the first quarter of 2012, the Company adopted Accounting Standards Update 2011-04, Fair Value Measurement and Disclosure Requirements (ASU 2011-04), which revised the existing guidance on fair value measurement under GAAP as part of the FASBs joint project with the International Accounting Standards Board. Under the revised standard, the Company was required to provide additional disclosures about fair value measurements, including information about the unobservable inputs and assumptions used in Level 3 fair value measurements, a description of the valuation methodologies used in Level 3 fair value measurements and the level in the fair value hierarchy of items that are not measured at fair value but whose fair value disclosure is required. The adoption of ASU 2011-04 did not have a significant impact on the Companys financial statements. In the first quarter of 2012, the Company adopted Accounting Standards Update No. 2011-08, Intangibles-Goodwill and Other (Topic 350), Testing Goodwill for Impairment (ASU 2011-08), which permits entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount to determine whether it is necessary to perform the two-step goodwill impairment test. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step goodwill impairment test is unnecessary. However, if an entity concludes otherwise, it is required to perform the first step of the two-step goodwill impairment test, which may then lead an entity to perform the second step as well. Entities have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to the first step of the two-step goodwill impairment test. As a result of adopting ASU 2011-08, the Company will only consider qualitative factors for impairment testing purposes in its interim periods, but will continue to perform the full two-step goodwill impairment test at December 31 of each year. (5) BUSINESS COMBINATION On April 29, 2011, the Company completed the acquisition of certain natural gas properties located in the Narraway/Ojay area for $74.4 million. The acquisition increased the Companys working interests in certain properties already owned and operated by the Company, and provided additional capacity in gathering systems and a natural gas plant in the area. The following table shows the final estimates of fair value for the acquisition, which were based on an analysis of the properties acquired (in thousands).
The statements of operations for the three and six month periods ended June 30, 2011 include $2.1 million of revenue from these properties since their acquisition date of April 29, 2011, and increased net earnings by approximately $0.1 million. The disclosure of supplemental pro forma information, which would disclose Lone Pines consolidated revenue and earnings as though the business combination had occurred at January 1, 2010, is impractical. The disclosure is impractical since the Company does not have sufficient information regarding the revenues and costs related to the properties in previous periods and therefore, the pro forma disclosures would require significant estimates that could not be objectively or independently verified. (6) PROPERTY AND EQUIPMENT Full Cost Method of Accounting The Company uses the full cost method of accounting for oil and natural gas activities. Under the full cost method of accounting for oil and natural gas activities, the ceiling test calculation uses prices that are based on the average of the first-day-of-the-month prices during the 12 month period prior to the reporting date. All of the Companys oil and natural gas operations are conducted in Canada. All costs incurred in the acquisition, exploration and development of properties (including costs of surrendered and abandoned leaseholds, dry holes and overhead directly related to exploration and development activities) and the fair value of estimated future costs of site restoration, dismantlement and abandonment activities are capitalized. Interest costs related to significant unproved properties that are under development are also capitalized to oil and natural gas properties. Investments in unproved properties, including capitalized interest costs, are not depleted pending determination of the existence of proved reserves. Unproved properties are assessed periodically to ascertain whether impairment has occurred. Unproved properties whose costs are individually significant are assessed individually by considering the primary lease terms of the properties, the holding period of the properties, geographic and geologic data obtained relating to the properties and estimated discounted future net cash flows from the properties. Estimated discounted future net cash flows are based on discounted future net revenues associated with probable and possible reserves, risk adjusted as appropriate. Where it is not practicable to assess individually the amount of impairment of properties for which costs are not individually significant, such properties are grouped for purposes of assessing impairment. If an impairment is identified, the amount of the impairment assessed is added to the costs to be amortized. The Company performs a ceiling test each quarter. The full cost ceiling test is a limitation on capitalized costs prescribed by SEC Regulation S-X Rule 4-10. The ceiling test is not a fair value based measurement. Rather, it is a standardized mathematical calculation. The ceiling test provides that capitalized costs less related accumulated depletion and deferred income taxes for a cost center may not exceed the sum of: (1) the present value of future net revenue from estimated production of proved oil and natural gas reserves using 12 month average trailing prices (as discussed below), excluding the future cash outflows associated with settling asset retirement obligations that have been accrued on the balance sheet, at a discount factor of 10%; plus (2) the cost of properties not being amortized, if any; plus (3) the lower of cost or estimated fair value of unproved properties included in the costs being amortized, if any; less (4) income tax effects related to differences in the book and tax basis of oil and natural gas properties. Should the net capitalized costs for a cost center exceed the sum of the components noted above, a ceiling test write-down would be recognized to the extent of the excess capitalized costs. The prices used in the ceiling test are based on an average of the first-day-of-the-month prices during the 12 month period prior to the reporting date, pursuant to the SEC's Modernization of Oil and Gas Reporting rule, which was first effective for the ceiling test calculated as of December 31, 2009. As required under the quarterly ceiling test calculation, the Company updated its internal estimate of proved oil and natural gas reserves, and the present value of future net revenue from those reserves. As a result of a decline in the 12 month average trailing natural gas price, the Companys internal estimate of its proved undeveloped natural gas volumes decreased significantly at June 30, 2012. This decrease in natural gas volume reduced the Companys internal estimate of the present value of future net revenue from proved reserves and resulted in the Company recognizing a ceiling test write-down of $128.9 million before tax for the three and six months ended June 30, 2012. The Company believes that additional write-downs may be required in subsequent periods if natural gas or oil prices decline from June 30, 2012 levels, unproved property values decrease, estimated proved reserve volumes are revised downward or costs incurred in exploration, development or acquisition activities exceeds the discounted future net cash flows from the additional reserves. (7) LONG-TERM DEBT The Companys long-term debt consisted of the following at June 30, 2012 and December 31, 2011.
Bank Credit Facility Lone Pine maintains a $500 million bank credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Toronto Branch. The bank credit facility became effective upon the closing of the IPO and will mature on March 18, 2016. Availability under the bank credit facility is governed by a borrowing base. As of June 30, 2012, the borrowing base was set at $375 million and the Company had $229.0 million outstanding under its bank credit facility at a weighted average interest rate of 3.6162%, and remaining borrowing capacity of $144.4 million (after deducting $1.6 million of outstanding letters of credit). The determination of the borrowing base is made by the lenders, in their sole discretion, taking into consideration the estimated value of the Companys oil and natural gas properties in accordance with the lenders customary practices for oil and gas loans. The borrowing base will be redetermined semi-annually and the available borrowing amount under the bank credit facility could increase or decrease based on such redetermination. The next scheduled redetermination of the borrowing base is expected to occur on or about November 1, 2012. In addition to the scheduled semi-annual redeterminations, the Company and the lenders each have discretion at any time, but not more often than once during any calendar year, to have the borrowing base redetermined. The agreement governing the bank credit facility includes terms and covenants that place limitations on certain types of activities, including restrictions or requirements with respect to additional debt, liens, asset sales, hedging activities, investments, dividends and mergers and acquisitions, and also includes a financial covenant. The bank credit facility provides that Lone Pine will not permit its ratio of total debt outstanding to consolidated earnings before interest, income taxes, depreciation and amortization (as defined by the terms of the bank credit facility and adjusted for non-cash charges) for a trailing 12 month period to be greater than 4.0 to 1.0. As at June 30, 2012, this ratio was approximately 3.3 to 1.0. If Lone Pine were to fail to perform its obligations under these covenants or other covenants and obligations, it could cause an event of default and the bank credit facility could be terminated and amounts outstanding could be declared immediately due and payable by the lenders, subject to notice and cure periods in certain cases. Such events of default include non-payment, breach of warranty, non-performance of financial covenants, default on other indebtedness, certain adverse judgments, change of control and a failure of the liens securing the bank credit facility. In addition, bankruptcy and insolvency events with respect to Lone Pine will result in an automatic acceleration of the indebtedness under the bank credit facility. An acceleration of the Companys indebtedness under the bank credit facility could in turn result in an event of default under the indenture governing Lone Pines Senior Notes (discussed below), which in turn could result in the acceleration of payment of the Senior Notes. For example, the indenture governing Lone Pines Senior Notes includes as an event of default, among others, a default on indebtedness that results in the acceleration of indebtedness in an amount greater than US$20 million. Borrowings under the Companys bank credit facility bear interest at one of two rates that the Company elects. Borrowings bear interest at a rate that may be based on either: (1) the sum of the applicable bankers acceptance rate (as determined in accordance with the terms of the credit agreement governing the bank credit facility) and a stamping fee of between 175 to 275 basis points, depending on borrowing base utilization; or (2) the Canadian Prime Rate (as determined in accordance with the terms of Lone Pines bank credit facility) plus 75 to 175 basis points, depending on borrowing base utilization. Senior Notes On February 14, 2012, LPR Canada (the Subsidiary Issuer), an Alberta corporation and a wholly-owned subsidiary of the Company, issued US$200 million aggregate principal amount of 10.375% Senior Notes due February 15, 2017 (the Senior Notes). Interest is payable on the Senior Notes semi-annually in arrears on each February 15 and August 15, commencing August 15, 2012. The Senior Notes are guaranteed on a senior unsecured basis by the Company (the Parent Guarantor) and all of the Companys subsidiaries, other than LPR Canada (together, the Guarantors). These guarantees are full and unconditional, and joint and several among the Guarantors. After the original issue discount of 1.423% and commissions of approximately $4.9 million, the issuance of the Senior Notes resulted in net proceeds to the Company of $192 million. The Senior Notes were issued pursuant to an Indenture, dated February 14, 2012 (the Indenture), among LPR Canada, the Guarantors and U.S. Bank National Association, as trustee. On or prior to February 15, 2015, LPR Canada may, from time to time, redeem up to 35% of the aggregate principal amount of the Senior Notes with the net cash proceeds of a public or private equity offering at a redemption price of 110.375% of the principal amount of the Senior Notes, plus any accrued and unpaid interest to the date of redemption, if at least 65% of the aggregate principal amount of the Senior Notes issued under the Indenture remains outstanding after such redemption, and the redemption occurs within 180 days after the closing of such equity offering. Prior to February 15, 2015, LPR Canada may redeem all or part of the Senior Notes at a redemption price equal to the sum of (i) the principal amount thereof, plus (ii) a make-whole premium at the redemption date, plus accrued and unpaid interest, if any, to the redemption date. On or after February 15, 2015, LPR Canada may redeem all or part of the Senior Notes at redemption prices (expressed as percentages of principal amount of the Senior Notes) equal to 105.188% for the 12-month period beginning on February 15, 2015 and 100.00% for the 12-month period beginning on February 15, 2016 and at any time thereafter, plus accrued and unpaid interest, if any, to the applicable redemption date on the Senior Notes. The Senior Notes were offered and sold to qualified institutional buyers in reliance on SEC Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and non-U.S. persons in reliance on SEC Regulation S under the Securities Act. The Senior Notes have not been registered under the Securities Act, or any state securities laws. In connection with the issuance of the Senior Notes, LPR Canada and the Guarantors entered into a Registration Rights Agreement that requires LPR Canada and the Guarantors to file a registration statement with respect to an offer to exchange the Senior Notes for substantially identical notes that are registered under the Securities Act. LPR Canada and the Guarantors agreed to use their commercially reasonable efforts to cause such exchange offer registration statement to become effective under the Securities Act. In addition, LPR Canada and the Guarantors agreed to use their commercially reasonable efforts to cause the exchange offer to be consummated not later than 365 days after February 14, 2012. Under some circumstances, in lieu of, or in addition to, a registered exchange offer, LPR Canada and the Guarantors have agreed to file a shelf registration statement with respect to the Senior Notes. LPR Canada and the Guarantors are required to pay additional interest if they fail to comply with their obligations to register the Senior Notes within the specified time period. The Indenture contains customary covenants that restrict Lone Pines ability and the ability of certain of its subsidiaries to: (i) sell assets, including equity interests in its subsidiaries; (ii) pay distributions on, redeem or repurchase its common stock or redeem or repurchase its subordinated debt; (iii) make investments; (iv) incur or guarantee additional indebtedness or issue preferred stock; (v) create or incur certain liens; (vi) make certain acquisitions and investments; (vii) redeem or prepay other debt; (viii) enter into agreements that restrict distributions or other payments from its restricted subsidiaries to it; (ix) consolidate, merge or transfer all or substantially all of its assets; (x) engage in transactions with affiliates; (xi) create unrestricted subsidiaries; (xii) enter into sale and leaseback transactions; or (xiii) engage in certain business activities. These covenants are subject to a number of important exceptions and qualifications. If the Senior Notes achieve an investment grade rating from both of Moodys Investors Service, Inc. and Standard & Poors Ratings Services and no Default (as defined in the Indenture) has occurred and is continuing, many of these covenants will terminate. The Indenture contains customary events of default, including: · default in any payment of interest on any Senior Note when due, continued for 30 days; · default in the payment of principal of or premium, if any, on any Senior Note when due; · failure by LPR Canada or any Guarantor to comply with its other obligations under the Indenture, in certain cases subject to notice and grace periods; · default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness for money borrowed by the Parent Guarantor or any of its restricted subsidiaries (or the payment of which is guaranteed by the Parent Guarantor or any of its restricted subsidiaries), other than indebtedness owed to the Parent Guarantor or a restricted subsidiary, whether such indebtedness or guarantee now exists, or is created after the date of the Indenture; · certain events of bankruptcy, insolvency or reorganization of the Parent Guarantor, LPR Canada or a significant subsidiary or group of restricted subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Parent Guarantor and its restricted subsidiaries), would constitute a significant subsidiary; · failure by the Parent Guarantor, LPR Canada or any significant subsidiary or group of restricted subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Parent Guarantor and its restricted subsidiaries), would constitute a significant subsidiary to pay final judgments aggregating in excess of US$20.0 million, within 60 days; and · any guarantee of the Senior Notes by a Guarantor ceases to be in full force and effect, is declared null and void in a judicial proceeding or is denied or disaffirmed by its maker. (8) DERIVATIVE INSTRUMENTS Commodity Derivatives Lone Pine enters into derivative instruments to manage its exposure to commodity price risk caused by fluctuations in commodity prices, which protects and provides certainty on a portion of the Companys cash flows. Lone Pines commodity derivative instruments generally serve as effective economic hedges of commodity price exposure, however, Lone Pine has elected not to designate its derivatives as hedging instruments for accounting purposes. As such, Lone Pine recognizes all changes in fair value of its derivative instruments as unrealized gains or losses on derivative instruments in the statements of operations. The table below sets forth Lone Pines outstanding commodity swaps as of June 30, 2012.
In connection with a commodity swap entered into during the second quarter of 2012, the Company sold a call option to the counterparty in exchange for the Company receiving a premium fixed price on the commodity swap. The table below sets forth the outstanding option as of June 30, 2012.
The Company also enters into commodity collar agreements with third parties. A collar agreement is similar to a swap agreement, except that the Company receives the difference between the floor price and the index price only if the index price is below the floor price, and the Company pays the difference between the ceiling price and the index price only if the index price is above the ceiling price. The table below sets forth the Companys outstanding commodity collars as of June 30, 2012.
Fair Value Amounts The table below summarizes the location and fair value amounts of the Companys derivative instruments reported in the balance sheets as of the dates indicated. See note 9 for additional information on the fair value of the Companys derivative instruments.
The table below shows the derivative instrument gains and losses reported in the statements of operations as Losses (gains) on derivative instruments for the periods indicated. Due to the volatility of oil and natural gas prices, the estimated fair values of Lone Pines commodity derivative instruments are subject to large fluctuations from period to period.
(9) FAIR VALUE MEASUREMENTS The authoritative accounting guidance regarding fair value measurements for assets and liabilities establishes a three-tier fair value hierarchy, which prioritizes the inputs used to measure fair value. These tiers consist of: Level 1, defined as unadjusted quoted prices in active markets for identical assets or liabilities; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs used when little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair values and carrying amounts of the Companys financial instruments are summarized below.
The Company uses various assumptions and methods in estimating the fair values of its financial instruments. All of the estimates of fair value were determined using significant other observable inputs (Level 2), except for the fair value of the Senior Notes, which was determined based on the unadjusted quoted price in an active market (Level 1) given that the Senior Notes are actively traded in a private market with an independent quoted price available from a third party. The carrying amount of the Senior Notes has been reduced by the original issue discount of 1.423% and commissions of approximately $4.9 million, while the fair value of the Senior Notes is based on its face amount of US$200 million and June 30, 2012 market price of US$94.563 per US$100 face amount. The carrying amount of the bank credit facility approximates fair value since the borrowings bear interest at variable market rates. The carrying amount of the capital lease obligation approximates fair value, as interest rates have not materially changed since the lease was executed. The Companys derivative instrument assets and liabilities include commodity derivatives. See note 8 for additional information on these instruments. The Company utilizes present value techniques to value its derivatives. Inputs to the valuations include published forward prices and credit risk considerations, including the incorporation of published interest rates and credit spreads. All of the significant inputs are observable, therefore, the Companys derivative instruments are included within the Level 2 fair value hierarchy. The fair values of the other financial instruments, including cash, accounts receivable, accrued interest, accounts payable and accrued liabilities, approximate their carrying amount due to their short-term nature. (10) EARNINGS (LOSS) PER SHARE The following sets forth the calculation of basic and diluted earnings (loss) per common share for the periods presented.
At June 30, 2012, approximately 1.8 million potential shares were excluded from the diluted earnings (loss) per common share calculation as the effect of their inclusion was anti-dilutive. At June 30, 2011, no potential common shares were excluded from the diluted earnings per common share calculation. (11) STOCK-BASED COMPENSATION The following tables reconcile the change in number of units outstanding for each of Lone Pines long-term incentive plans for the six months ended June 30, 2012 and 2011.
(12) INCOME TAXES The Company calculates its income tax expense for the period by estimating the annual effective income tax rate and applying that rate to the year-to-date earnings (loss) at the end of each period. The Companys effective income tax rate in any period is a function of the relationship between total income tax expense and the amount of earnings before income taxes for the period. The effective income tax rate differs from the statutory tax rate as it takes into consideration permanent differences (such as stock-based compensation that will be settled in shares of the Company), adjustments for changes in income tax rates and other income tax legislation, and the differences between the provision and the actual amounts subsequently reported on the income tax returns. The Companys combined Canadian federal and provincial statutory income tax rate was approximately 25% for the three and six months ended June 30, 2012 and 26.5% for the three and six months ended 2011. However, the Companys effective income tax rates of 24% for the three months ended June 30, 2012 and 23% for the six months ended June 30, 2012 were lower than the Canadian statutory tax rate of 25%, primarily due to an increase in a valuation allowance (relating to deferred tax assets) that reduced the loss for income tax purposes, foreign exchange losses on the Senior Notes that are taxed at 50% of the statutory tax rate, as well as non-deductible stock-based compensation expense. The Companys effective income tax rates of 58% for the three months ended June 30, 2011 and 47% for the six months ended June 30, 2011 were higher than the Canadian statutory tax rate of 26.5% primarily due to an increase in a valuation allowance (relating to deferred tax assets) that increased taxable income. (13) SUBSEQUENT EVENTS Commodity Derivatives The following table summarizes additional commodity swaps that were entered into between July 1, 2012 and August 9, 2012.
The following table summarizes additional commodity collars that were entered into between July 1, 2012 and August 9, 2012.
(14) CONDENSED CONSOLIDATING FINANCIAL INFORMATION On February 14, 2012, LPR Canada issued US$200 million of Senior Notes (see note 7 Long-term Debt for more information on the Senior Notes), which are guaranteed on a senior unsecured basis by the Guarantors. These guarantees are full and unconditional, and joint and several among the Guarantors. The following financial information reflects consolidating financial information of the Subsidiary Issuer and the Guarantors on a combined basis, prepared on the equity basis of accounting. The Parent Guarantor has no independent assets or operations. The Subsidiary Issuer and the Guarantors other than Lone Pine Resources Inc. (the Combined Guarantor Subsidiaries), are 100% owned by the Parent Guarantor. The information is presented in accordance with the requirements of SEC Rule 3-10 of Regulation S-X. The information may not necessarily be indicative of results of operations, cash flows or financial position had the Guarantors operated as independent entities. The Company has not presented separate financial narrative information for each of the Guarantors because it believes such financial and narrative information would not provide any additional information that would be material in evaluating the sufficiency of the guarantees provided by the Guarantors. (14) CONDENSED CONSOLIDATING FINANCIAL INFORMATION (continued) Condensed Consolidating Balance Sheet (In thousands of Canadian dollars)
(14) CONDENSED CONSOLIDATING FINANCIAL INFORMATION (continued) Condensed Consolidating Balance Sheet (In thousands of Canadian dollars)
(14) CONDENSED CONSOLIDATING FINANCIAL INFORMATION (continued) Condensed Consolidating Statement of Operations (In thousands of Canadian dollars)


text:
BNY Mellon Appointed To Trustee And Agent Roles For Capital One's $750 Million Issuance Of Credit Card Asset-Backed Securities
NEW YORK, March 21, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed indenture trustee, registrar and paying agent by Capital One for its $750 million issuance of asset-backed securities (ABS) supported by credit card receivables.
In its role, BNY Mellon Corporate Trust will provide a variety of services for Capital One, including processing principal and interest payments and maintaining bondholder records.
"Capital One has had a long standing relationship with BNY Mellon's corporate trust organization. This issuance continues that relationship, which we look forward to continuing and enhancing in the future," said Eric Bauder, vice president of capital markets funding at Capital One.
"We are well positioned to support issuers who are taking advantage of a renewed credit card ABS market. We look forward to working with Capital One as part of our focus on working with the most respected credit card brands in the country," said Sonal Patel, managing director of financial institutions at BNY Mellon Corporate Trust.
As of December 31, 2012, BNY Mellon Corporate Trust serviced $11.4 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings. Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.Check Out Our Best Services for Investors
Action Alerts PLUS
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Quant Ratings
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Stocks Under $10
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Dividend Stock Advisor
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Product Features:
- Model Portfolio
- Intra Day Trade alerts
- Access to Quant Ratings
Options Profits
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- Actionable options commentary and news
- Real-time trading community

subset: commoncrawl


text:
Are you haunted by the thought that you never completed your education? Do you have nightmares that you may be passed over for a promotion because you don't have a degree? What scares you the most about returning to school to complete your bachelor's or master's degree?
Test anxiety is a common experience that many students have before taking an assessment or during the actual exam. It is frustrating to draw a blank during an assessment or to become so nervous that you cannot concentrate enough to answer the questions. There are many interrelated factors that cause anxiety—often fear of failure, fear of how others will view you if you perform poorly, and concern about past performances. There are a number of ways to tame test anxiety, which may be robbing you of the satisfaction associated with passing an assessment.
Do you know about Academic Services at WGU? The resources that WGU students work with most frequently are their student mentors and course mentors. The Academic Services department is the "next-door neighbor" to Mentoring and consists of many teams that assist students and guide them on their path to academic, placement, and professional success.
When Amber Wiltgen was in her online accounting degree program at WGU, she was able to make excellent use of the online university's competency-based education model to accelerate quickly through her program. After one particularly successful term, Amber's mentor Autumn asked her to jot down her top 10 tips for being a successful student so that Autumn could share them with her other students.
Enter your email address:
Delivered by FeedBurner.


text:
Mayor Mohd. Majid Hussain declared that fogging operations for mosquito control would be taken up in every division from Saturday even as the GHMC tries to battle the continuing mosquito menace. It has procured 20 new portable fogging machines in addition to the 134 existing ones.
The machines were formally handed over to the Entomology Wing by the Mayor in the presence of GHMC Commissioner M.T. Krishna Babu and Additional Commissioner (Health & Sanitation) L. Vandan Kumar on Friday.
Earlier in the day, the Mayor and the Commissioner addressed a meeting of corporators. Mr. Hussain wanted all open grounds to be developed as playgrounds and even converted into parks if sufficient water was available. Mr. Krishna Babu said the SAAP was willing to sponsor Rs. 2.1 crore per stadium in each constituency.
All Deputy Commissioners will periodically inspect open spaces and burial grounds to check for encroachments. A feasibility study will be conducted to construct a multi-level parking at Old Jail Khana under PPP mode.
The Mayor asked the GHMC Commissioner to order a vigilance enquiry on irregularities of the town planning wing in LB Nagar wing and submit a report.


text:
Search Suggestions
Delivery Policy:
Delivery Services Available -
2nd Class Royal Mail - 3-5 Day Service (FREE)
1st Class Royal Mail - 1-3 Day Service (£1.95)
DPD Next working Day Service (£5.95) **if ordered before 1pm Monday to Thursday**
?? All orders received before 1pm will be shipped SAME DAY.
?? Please allow up to 14 days before reporting an item as lost. We are unable to consider any parcels as lost before this point.
Should you have any questions please do not hesitate to contact the Merchant Helpdesk.
Our Merchant Helpdesk is set up to offer first line telephone and email support:
Open 8:00 to 16:30, Monday - Friday
Provide support for technical and account queries
24 hour turnaround for most queries
You can contact us via eMail or on 01484 430242
Kind Regards
No1 Gadget Store


text:
Chili Lobster and Texas Toast
From Delish
This spicy lobster dish from Michelin Star recipient and Iron Chef, Marc Forgione's new cookbook, Marc Forgione: Recipes and Stories from the Acclaimed Chef and Restaurant, is the wildly popular signature menu item that is actually is easy to make. Even New York Times dining critic, Sam Sifoton, devoted an entire paragraph in his review to this dish and added it to his list of recommended dishes.
From: Marc Forgione: Recipes and Stories from the Acclaimed Chef and Restaurant © 2014 by Marc Forgione. Reproduced by permission of Houghton Mifflin Harcourt. All rights reserved. Buy the book
Be the first to rate this recipe
You must be logged in to use this feature.
Username: | |
Password: | |
Forgot your username or password? |
Not a member? Register
Nutritional Information
(per serving)
Calories | -- |
Total Fat | -- |
Saturated Fat | -- |
Cholesterol | -- |
Sodium | -- |
Total Carbohydrate | -- |
Dietary Fiber | -- |
Sugars | -- |
Protein | -- |
Calcium | -- |
© Evan Sung
Oven Temp: 350
U.S. | Metric | Conversion chart |
- 4.50 pound(s) cull lobsters, claws removed
- 2 tablespoon(s) canola oil
- 1 tablespoon(s) garlic, chopped
- 1 tablespoon(s) ginger, chopped
- 1 cup(s) lobster stock
- 2 tablespoon(s) Sriracha
- 3 tablespoon(s) unsalted butter
- 1 tablespoon(s) light soy sauce
- 1 lime
- Kosher salt
- Freshly ground pepper
- 1 tablespoon(s) mint, chiffonade
- 4 slice(s) (thick) sourdough bread, toasted
- Scallion, cut into threads, for garnish
- Preheat the oven to 350 degrees F. Bake the lobster claws for 5 minutes then let them cool to room temperature. Remove the meat from the claws and knuckles and set it aside.
- Cut the lobster tails, shell-on, into 1-inch pieces. Heat the canola oil in a wok or large sauté pan until it's smoking. Add the lobster tails and cook for 1 minute. Add the garlic and ginger, then deglaze the pan with the lobster stock. Remove the lobster tails and arrange them on 4 plates.
- Reduce the lobster stock by half, then add the sriracha. Whisk in the butter, piece by piece. Add the soy sauce and a squeeze of lime juice, then salt and pepper to taste. Add the lobster claw and knuckle meat, then finish with the mint.
- Spoon the sauce onto the plated lobster, adding one claw and one knuckle to each plate. Garnish the plate with a slice of toast and some scallion threads.
Looking for more dinner options? Check out our pork chop recipes, chicken recipes, and potato recipes.
Loading photos...
Here are some alternate versions of this recipe created by our wonderful community of chefs!
More from Delish


text:
Numonyx has introduced its 65nm multiple I/O serial flash memory product line designed for embedded applications. The new Numonyx Forte N25Q serial flash family is available in 3V and 1.8V.
The N25Q serial flash memory supports multiple I/O SPI protocols (Single, Dual and Quad,) on the same device, which delivers the highest level of design flexibility to customers.
Numonyx said it has significantly improved the read and write speeds over the entire supply voltage range, improving clock speeds from 75MHz to 108MHz and up to four times, or 432MHz, in the Quad I/O mode. At both 3V and 1.8V, the N25Q is well-suited for a range of applications, including battery-operated devices such as handheld or consumer electronics.
- Wireless broadband developments in Southeast Asia markets
As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.
- Greater China touch panel shipment forecast through 2015
This Special Report provides forecasts through 2015 for Greater China touch panel shipments with breakdowns based on technology (glass, film, resistive), application (smartphone, NB and tablet) and by firm.
- 2014 global tablet demand forecast
This report analyzes the main players, their strategies and shipments forecasts for 2014, as well as other factors contributing to either growth or decline in various segments within the tablet market, with a particular focus on Apple, Google, Samsung, and Microsoft, along with whitebox vendors.


text:
Nice place, very polite staff, beautiful house and neighborhood, but, a bit far from the main attractions and the heating was not working properly. Unfortunately I think they closed the guest house and changed their core business.
- Reservation Options:
- TripAdvisor is proud to partner with Expedia, HostelBookers and TripOnline SA so you can book your Ben Craig House reservations with confidence. We help millions of travelers each month to find the perfect hotel for both vacation and business trips, always with the best discounts and special offers.
- Also Known As:
- Ben Craig House Hotel Edinburgh
- Ben Craig House Edinburgh, Scotland


text:
The Park Village Resort: Serenity in the Foothills
September 14, 2008 (Kathmandu, Nepal)
A boy with a luggage compartment in a bicycle with an errant tourist in tow - the stone path on which they ply is shaded by a canopy of trees and shrubs. I am writing this a few feet away, safely ensconced under a pavilion of chairs in a pond. Feeding the fish felt like a 'runaway bonus'.
In consonance with the season, I took the opportunity to pay homage to the Gods. "Buddham Sharanam Gachyami." The walk was delightfully enlivening - the city would also feel supported by a few of these lamp posts that gently dot the pathway. The gazebos reminded me of my childhood. But I could not summon the courage to go in and recollect. It was like a visual opera of pines and playfulness.
We do not usually associate calm or tranquility with the sound of gushing water. This, however, is an expression that best fits my senses finding serenity as the pool water splashed into a waterfall in the midst of this 'ecological system.' I use the term 'ecosystem' very liberally.
The Park Village Resort is spread across six acres of land in the foothills of Shivapuri National Park near Kathmandu City. A resort person describes it as a "classic example of the nature-tourism synergy." The resort does strike me as an almost complete universe of green flora. I spotted an eagle flying overhead. The lush hills draped with sinewy clouds seemed a fitting home for this winged protector.
As we ate...


text:
Wim Wenders' Oscar-nominated documentary gorgeously documents the creative genius of dance maker Pina Bausch.
Fabian Prioville and Azusa Seyama in the documentary "Pina."
"Dance, dance ... otherwise we are lost." For German choreographer Pina Bausch these words summed up a life's mission, one cut short by her death at age 68 in 2009. Those fortunate enough to see her Tanztheater Wuppertal in performance knew Bausch as a visionary among contemporary dancemakers. But how best to keep her legacy alive, especially when dance is so notoriously difficult to capture on film?
Thankfully, writer/director Wim Wenders followed Bausch's work for several years, and his Academy Award-nominated "Pina" (2011) is a remarkable -- and likely enduring -- tribute to an artist committed to creating dance theater drawn from humanity's deepest physical and emotional reserves.
Wenders ("Paris, Texas," "Wings of Desire," "Buena Vista Social Club") uses 3-D to shape some of Bausch's signature efforts. He innovates with this technique, placing the viewer on the same plane as the performer. But don't expect a showy "Avatar"-like experience. The 3-D primarily adds depth so the dancers can fully inhabit the onscreen world. In turn we become displaced -- no longer simply observers, we are embedded in Bausch's imagination. This holds true even as Wenders places the dance in different settings -- Wuppertal's monorail, a rocky cliff, an idyllic park. The movement transforms every locale -- and vice versa.
Although the most visceral moments derive from the dance itself (especially excerpts from Bausch's brutal take on "The Rite of Spring") Wenders also wants us to know the artist -- a difficult task because she was so enigmatic. We catch ghostly glimpses of the austere Bausch in performance and rehearsal. We study her dancers' faces in close-up and hear their words in voice-over. Poignant anecdotes reveal a mentor who rarely gave feedback and yet transformed so many lives.
How fortunate we are that "Pina" exists. The film not only celebrates dance with a fresh cinematic perspective but also elevates the audacious act of creativity itself, on the part of both choreographer and the auteur alike.


text:
LinkBack | Thread Tools |
Sponsored Links | |||
Advertisement |
04-22-2014, 11:09 AM | #2 (permalink) |
Administrator & LOTR Addict
Join Date: Apr 2000
Location: Michigan, USA
Posts: 15,959
Is she straining to poop? What have you been feeding her?
Lisa Clark Zu Treuen Händen Working German Shepherd Dogs Vala SchH3 AWD1 FH2 CGC B/HOT, SG1 Deja IPO3 AWD1 KKL1 B/HOT, SG Elena BH AD CGC B/HOT, LB (the ugly little sable) B/HOT, Donovan IPO1 TR2 AD, and gone but not forgotten, Nike SchH1 OB1 TR3 AD CGC HOT, Treue SchH3 CD CGC HOT |
04-22-2014, 01:08 PM | #3 (permalink) |
Join Date: Jan 2014
Location: Newberg, OR
Posts: 167
She's not straining to poop. I've been feeding her chicken (hearts, liver, wings, breast) and beef (stew beef mostly). The only time she pooped was after I fed her goat's milk with an egg in it. Should I be feeding her something different?
04-22-2014, 02:59 PM | #4 (permalink) |
Elite Member
Join Date: Mar 2012
Posts: 1,680
Mine didn't poop or drink water for 3 days when they went from kibble to raw! And when they finally did go, it was the size of rabbit pellets! Their stools became regular after that initial period.
Maybe try the goats milk & egg again. Keep a watchful eye on her in case something is wrong. Moms |
04-23-2014, 02:53 PM | #7 (permalink) | |
Elite Member
Join Date: Sep 2004
Posts: 1,627
Raise the puppy on a good kibble until you gain some more knowledge on how to properly feed a raw diet. If you don't believe me go over to K9 Kitchen and ask this question. https://groups.yahoo.com/neo/groups/K9Kitchen/info Here is just one example of what can go wrong: http://www.ncbi.nlm.nih.gov/pubmed/19366336/
Olivia von Jagenstadt "Nikki" 11/21/2009 Heidi Mouse 02/10/1995 - 02/21/2009 |
04-23-2014, 04:53 PM | #8 (permalink) |
Elite Member
Join Date: Jul 2012
Location: Colorado
Posts: 1,721
I would never start a dog on that mixed of a raw diet, especially a pup. Chicken or other bland protein and bone for a few days to a week, slowly add in organ meat. And I always fed goat yogurt
Sent from Petguide.com Free App
~Emergency Vet Tech Berlin vom Spartanville 1/13/13 Zeke 5/25/07 - 2/9/15 Luther 2008 - 7/23/12 "Make sure my shepherd dog remains a working dog, for I have struggled all my life long for that aim." - Max Von Stephanitz |
Sponsored Links | |
Advertisement |
Thread Tools | |


text:
Product category
Fabrication and processing
Buyer's guide > Fabrication and processing
Showing product 81 to 100 of 580 in Fabrication and processing.
Result page:
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next »
ND-SP Precision Spray Coater
Nadetech Innovations S.L. Dec 3, 2013The Precision Spray Coater ND-SP is a system developed for the fabrication and deposition of thin films via spray.
ND Multi Axis Layer-by-Layer Coater
Nadetech Innovations S.L. Dec 3, 2013The Nadetech ND-2D & ND-3D Multi Axis Dip Coaters are a system developed for the fabrication of thin films by wet deposition.
Silica Microspheres
EPRUI Nanoparticles & Microspheres Co. Ltd. Dec 3, 2013EPRUI Nanoparticles&Microspheres Co.Ltd.cooperate tightly with top microspheres research centers in China and can supply monodisperse silica microspheres for labs,institutions,universities...
Polystyrene Microspheres
EPRUI Nanoparticles & Microspheres Co. Ltd. Dec 3, 2013EPRUI Nanoparticles&Microspheres Co.Ltd.cooperate with top microspheres research centers in China and can supply monodisperse silica microspheres for labs,institutions,universities...
STE75 MBE System for III-V, II-VI and III-N compounds growth
SemiTEq JSC Dec 3, 2013New compact MBE System for III-V, II-VI and III-N compounds growth
STE3N3 MBE System for III-Nitrides growth
SemiTEq JSC Dec 3, 2013Advanced MBE Systems for high-temperature epitaxial growth of III-Nitrides
STE35 MBE System for conventional semiconductors growth in A3B5 systems
SemiTEq JSC Dec 3, 2013STE35 is a modern technological platform for precise growth of epitaxial layers on wafers with diameter of 2", 3", 100 mm, as well as three 2" wafers on the same platen.
STE3526 Two-reactor MBE complex for growth of hybrid heterostructures А3В5/А2В6
SemiTEq JSC Dec 3, 2013Two-reactor STE3526 MBE System is specially designed for growth of hybrid heterostructures А3В5/А2В6 taking into account all specific of MBE growth of these material systems.
STE ICP Technological platform for plasma chemical etching and deposition
SemiTEq JSC Dec 3, 2013STE ICP series is intended in two basic modifications: STE ICPe (Plasma Chemical Etching) and STE ICPd (PECVD). Maximum diameter of wafers is up to 200 mm with possibility of using free shape samples.
STE EB71 Automated station for E-Beam evaporation
SemiTEq JSC Dec 3, 2013The system design enables to integrate it into multipurpose UHV cluster process line. Maximum quantity of wafers: 3х3" or 6х2".
STE MS105 Versatile Magnetron Sputtering System
SemiTEq JSC Dec 3, 2013Versatile System for the deposition processes in vacuum using magnetron sputtering technique. STE MS105 System is designed in accordance with all modern principles of magnetron PVD processing.
STE RTA100 System for thermal processing
SemiTEq JSC Dec 3, 2013System for rapid thermal annealing process of semiconductor wafers in inert atmosphere
STE RTP150 System for rapid thermal processing
SemiTEq JSC Dec 3, 2013System for high-temperature treatment of semiconductor wafers in controlled gas, vacuum, oxidizingor deoxidizing atmosphere
Diode lasers for the more demanding application
Elliot Scientific Ltd. Dec 3, 2013A high stability diode OEM laser with diffraction limited performance for more demanding applications is now offered by Elliot Scientific. Wavelengths available are within the range 375 to 1550 nm.
The new stack type actuators series PA – more flexibility for your application
piezosystem jena GmbH Dec 3, 2013piezosystem jena GmbH provides a wide range of stack type actuators. This product line also includes the series PA actuators.
Park Systems Introduces QuickStep SCM
Park Systems Dec 2, 2013New High Speed Scanning Capacitance Microscopy
Lake Shore to feature new DC Hall measurement system at MRS Fall Meeting 2013
Lake Shore Cryotronics, Inc. Nov 27, 2013Columbus, Ohio (November 27, 2013)
Sarfus Mapping Stations from Nanolane
NANOLANE Nov 22, 2013Nanolane offers its new generation of Sarfus Mapping stations, label-free analytical instruments for real-time sample characterization at nanoscale (down to 0.1nm or 1ng/cm²).
Scientists Develop Easy Way to Print Graphene Electronics
Grafen Chemical Industries Co. Oct 28, 2013Scientists at University of Perugia – Italy in collaboration with Grafen Co. (Turkey) have discovered practical and cheap method to fabricate graphene based printed electronics.
SMBN0646 Neodymium BLOCK Generator Magnets
Stanford Magnets Oct 14, 2013The SMBN0646 BLOCK neodymium magnet is made from high perfermance N42 NdFeB, with Nickel coating.
Result page: « Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next »


text:
$126.86 | See It | |||
Quill | $156.26 | See It | ||
$123.38 | See It | |||
$187.00 | See It | |||
379 Reviews
$107.47 | See It | ||
416 Reviews
$107.47 | See It | ||
Overstock.com |
4032 Reviews
$149.25 | See It | |
See All Sellers |
Product Details
Product Features:Fully covered under the Kohler limited lifetime warrantyPremier finishing process - finishes will resist tarnishing and corrosion through everyday useEquipped with wireless speakers to stream your personalized music playlists, news or other audio in the showerSyncs with bluetooth-enabled devices including smart phones, MP3 players, tablets and laptop computers that can be located up to 32 feet awayProvides less than 1% total harmonic distortion with 1.5 Watts at 1kHzWater-resistant wireless speaker pops in or out of showerhead with ease so it can be rechargedThe built-in lithium-ion battery provides approximately 7 hours of run timeSingle function shower head - 60 angled nozzles deliver full coverage in an enveloping sprayShower Head Width: 5 (measurement in inches of spray surface)Shower Head Depth: 4-3/16 (measurement in inches from spray surface to shower arm connection)Shower head rotates 360-degrees on a swivel ball assembly for full coverageFlow Rate: 2.5 GPM (gallons-per-minute)Designed to easily install with standard 1/2 U.S. plumbing connectionsEco-friendly shower head - uses up to 30% less water than standard shower headsAll hardware required for installation of shower head is includedProduct Technologies and Benefits:Moxie™: Showering has never been as much fun as it is with the innovative Moxie™ shower head from Kohler. Allowing you to stream your favorite music, news or talk radio directly into the shower with you. It holds a portable wireless speaker that pairs wirelessly with bluetooth-enabled devices to deliver high-quality audio to your shower. The speaker docks directly into the shower head, so your music can be closer than ever. With an outstanding seven hour battery life on the speaker, its convenience
Quick Glance
Shower Accessories: showerheads
Product Title: Kohler K-9245-CP Polished Chrome Moxie Moxie 2.5 GPM Showerhead and Wireless Speaker K-9245
Manufacturer: Kohler
Lowest Price: $107.47 from Build.com
Power Score: 5 | 1 Review


text:
Touching note from a fan
Received this as a comment on one of my posts. Had to share it with you all... it just strikes a chord somewhere inside...
Hope this mail finds you in good comfort!
Please do not consider this as selection criteria, but felt as sharing this with you as this will be my last attempt to try for any Cricket Selections …. In fact I do not where to start and where to end this mail of mine.
This mail is about me,I am in my early 20`s now , i m working as a Assistant in Bangalore .
In 1997 (age 13) i was in my 8th std ,during mid term test i couldn't perform well in my exams and my dad was a very strict about my studies and if i couldn't perform well I used get beatings from my dad always as he wanted me to score above 90 every time. Today I realize that all which he did was his love towards me to make me a better person. During my test i couldn't perform well in 2 off my papers and after my exams my teacher wanted to meet my dad cause of my poor performance .With my fear i couldn't tell this to my parents and i took a decision without even thinking about my future. I left my home ,my parents, my studies everything , i was the only son for my parents, I was 13 then (1997). My journey started in Bangalore railway station ,i went everywhere chennai, hydrabad, nagpur, lonavala, pune...mumbai...sleeping in goods section in trains
Finally i got tired and landed in mumbai…yes Mumbai .In mumbai i went to an hotel in pillohouse ....started working there then started selling tea , citrates, on a cycle...worked in chowpaty in dosa stalls...you might think why i am telling you all these things..but... i doont know...
During this period i used to work for rs800 as my monthly salary in tht hotel...i used to save all my money without spending on anything because i wanted to join Bengal cricket club in dadar, where sangam lad sir use to be the coach. i came to know about this in a newspaper there where i used to read daily in fear thinking my photo might come up in papers.. after 6 to 8 months i collected 4500rs i paid sangam sir the money nd stated playing for the club....my struggle went on....after some time amir chahcha passed away the hotel got closed and i was left homeless....i then went to agripada,which is near lower parel...got a job in dosa stall ...where i used to work nd sleep on the table to luk after the stall which was there on footpath.But my struggle n love for cricket never died...i still remember one day i didnt had money to get the train ticket from mumbai central to dadar and the previous day i had seen the conductor TT catching a person and handing him over police who
was caught travelling without ticket ...having that fear i ran from mumbai central to dadar morning 4 o clock.
yrs passed on and i kept on doing the same thing every day morning practice even work in food stalls. later amith bhate uncle from national cricket club in oval maidan told me to practice there and i started playing for national cricket club in 2003.he also got me a job in a courier company .
And during the same year i was transfered to banaglore,may be by gods wish..i came here wrote letter to my parents (after 7 yrs)that is something which i cannot express nor i can tell in words..it was as beautiful as it can get ...i came to blore started working nd i couldnt miss my routine even here,,,i joined brijesh patel academy ... Ananth sir was the coach then ( hope he still remembers me, Selector now for the state ),I used to play around Ganesh Satish, Amit Verma, Nikhil Kashap, … Ganesh and Amit are now playing for Karnataka and Nikhil for Bangalore Brigadiers.(You might think that even though i got so many chances to play for so long why i havent been a proper professional cricketer yet. As you read, everytime i am in my peak of getting into teams i always had something else happening on the other side of my life which kept me pulling back from cricket)
By now I had realized my mistake which I made 13 years ago by leaving my studies, I then planned to continue my studies and got my Diploma in Web and Graphic Designing thru Aptech Academy. Started hunting for jobs as I had realized that I should settle and leave the cricket madness forever.
When I saw your message on twitter about playing for RCB, my body said YES got your chance, but my mind still says don't repeat the same mistake. Coming to a happier note I just got married a month ago and leading a good married life. But I still pray to god
"Give Me Some Sunshine, Give Me Some Rain
Give Me Another Chance I Wanna Grow Up Once Again"
Please please keep me posted on any selections update and wish you good luck for your future.
Thanks for your time
Latest comments
thank you so much for your support and motivating me from all these comments. Unfortunately, I am not short-listed for the upcoming trials.
Old saying - Hope for the best and prepare for the worst !! ha ha
Thank you people for all your kind words.
Good luck
Even I thought I should apply but then as @raghu-nath points out may be I get joy in Writing about cricket as well.
I can keep writing if ppl like this guy gets a chance to prove himself !!
Nidhi, one of the things you could probably do is to meet him when you get a chance to and see if you can make him the 38th Fanatic Fan if you feel he deserves.
If this is not possible I suggest you 'remove' one of the 'inactive (or indifferent ??) FFs amongst the 37 (am sure there are plenty of them :) ? :( !! ) , accommodate this guy and find a role for him. Possible?? Thanks in advance!!
Luckily, there are many ways we can ignite our lives through cricket - though only 11 can play! As an example, many cricket writers probably enjoy cricket more by writing about it than by being players themselves!
Anyone who faces the dark side of life like struggling phase are mentally more stronger than the normal ones.
People who work hard to follow their dream deserve all the happiness there is in this world! My heart goes out to this guy as I pray for this guy making it to the team.. atleast for one match!
Nidhi, If you are asking for votes here is a genuine one! May god bless him with all the health, wealth and happiness!
He, along with the fab members of the Fan Advisory Board, plot new schemes to engage with fans and trouble shoot their problems.
Feel free to write to him on firstname.lastname@example.com.


text:
HARMANâs Soundcraft to Host âMixing with Professionalsâ Sessions at Prolight & Sound 2014
FRANKFURT, Germany â HARMANâs Soundcraft is hosting its popular âMixing with Professionalsâ (MwP) training sessions at Prolight & Sound 2014 in Frankfurt. The sessions will offer formal training and demonstrations on Soundcraftâs Si Expression range and the groundbreaking new Vi3000 digital live sound console.
âWe trained around 2,000 engineers over the past year on the Expression range as well as Vi and know the Vi3000 especially will draw lots of interest at the show,â said Keith Watson, Marketing Director, Soundcraft Studer & AKG, HARMAN Professional. âThe MwP sessions offer a great opportunity to get hands-on experience with industry experienced engineers on hand to help and provide tips of the trade, everyone is welcome to join a session.â
The âall-in-one-boxâ Soundcraft Vi3000 digital live sound console offers a host of state-of-the-art features, a new industrial design, 96 channels to mix, and onboard Dante. The Vi3000 uses the new internal Soundcraft® SpiderCore DSP based on sister company Studerâs Vista 1 engine, with Soundcraftâs Vi Version 4.8 operating software offering the new â3Dâ Vistonics⢠user interface, while adding a fourth 24-channel fader layer to improve access to the consoleâs 96 input channels. The surface operation and layout is similar to other Vi Series consoles, providing a familiar feel while offering expanded functionality. The Vi3000 also features upgraded microphone preamps and 40-bit Floating Point DSP processing for superlative sound quality.
The MwP sessions will be held on all four days of the show (March 12-15) in both German and English languages at the Harman booth F32 in Hall 8. More details are available at www.soundcraft.com/mwp/events.aspx.
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets â supported by 15 leading brands, including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark Levinson®. The Company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of 14,600 people across the Americas, Europe, and Asia and reported sales of $4.5 billion for the last twelve months ended September 30, 2013.
Related Topics: Audio, AV Control Systems, New Products, News
Sound Devices 688 Takes Field Production to the Next Level
RTW Appoints HHB Communications As New U.K. Distributor
BM AUDIO Equipment FZE Appointed Distributor for Crane Song in GCC and Pakistan
Dr. John Strikes a Chord with DPA Microphones
The National Bank of Greece Invests in New Audio for its Landmark Building
Audio Clarity and Reliability for Lublinâs New Stadium
Ergonomic Surge Protection and Diagnostic Energy Intelligence for Digital Signage
VMP Features New FP-MLPAB Medium Low Profile Flat Panel Articulating Wall Mount at 2015 ISC West
Professional Wireless Systems Helps Wireless Make a Slam Dunk at 2015 NBA All-Star Weekend


text:
Comscore credits Amazon's popular tablet with more than half of Android tablet sales, but the results are skewed by a significant omission.
read more
The most popular mobile/handheld devices for playing videogames in the U.S. are Android phones and Apple's iPad tablets, but Amazon's Kindle Fire tablets made a surprisingly strong showing in a June survey conducted by IDC. That sur... Read Post
We all know that when it comes to tablets, it's the iPad that's been smashing sales records since the first generation came out in 2010. But if you only take Android tablets into account, then it's the Amazon Kindle Fire that's king... Read Post
On the same day that Amazon will be releasing its quarterly earnings, some research from comScore that underscores just how far the company has come since launching its Kindle Fire tablet in November 2011. The researchers say that a... Read Post