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|By Marketwired .
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|November 7, 2012 07:32 PM EST
CALGARY, ALBERTA -- (Marketwire) -- 11/08/12 -- Essential Energy Services Ltd. (TSX:ESN) ("Essential" or the "Company") announces third quarter results with EBITDA(1) of $19.1 million compared to $27.3 million in the third quarter of 2011. On a year-to-date basis, EBITDA(1) was $50.9 million compared to $40.6 million in the same period of 2011.
Three months ended Nine months ended (Thousands, except per share September 30, September 30, amounts) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Revenue $ 84,896 $ 99,416 $ 256,809 $ 206,311 Gross margin $ 22,979 $ 31,100 $ 63,150 $ 50,829 Gross margin %(1) 27% 31% 25% 25% EBITDA(1) $ 19,062 $ 27,293 $ 50,935 $ 40,557 EBITDA %(1) 22% 27% 20% 20% Funds flow from operations (1) $ 17,466 $ 23,857 $ 47,212 $ 34,584 Per share - basic and diluted (1) $ 0.14 $ 0.19 $ 0.38 $ 0.36 Net income attributable to shareholders of Essential $ 8,660 $ 13,678 $ 21,631 $ 13,563 Per share - basic and diluted $ 0.07 $ 0.11 $ 0.17 $ 0.14 Total assets $ 415,653 $ 411,204 $ 415,653 $ 411,204 Total long-term debt $ 50,474 $ 79,230 $ 50,474 $ 79,230 Equity attributed to shareholders of Essential $ 304,312 $ 271,681 $ 304,312 $ 271,681 ---------------------------------------------------------------------------- (1) Refer to Non-IFRS measures.
Completion of the acquisition of Technicoil Corporation ("Technicoil" or the "Technicoil Acquisition") on May 31, 2011 impacts the results for the nine months ended September 30, 2012 compared to the same period in 2011. The results for Technicoil are not included for January to May of 2011.
At the start of the third quarter the Canadian oilfield services industry faced wet weather conditions and exploration and production ("E&P") companies were dealing with various uncertainties including pipeline limitations, volatile crude oil prices and unpredictable capital markets. These factors contributed to E&P companies curtailing or delaying capital spending. As a result, the drilling rig count was down 25% in the Western Canadian Sedimentary Basin ("WCSB") during the third quarter 2012 compared to the third quarter of 2011. The drop in drilling rig count also reduced well completion activity, including deep coil well service completion work.
Well service activity in the WCSB continues to be driven by horizontal drilling, stimulation and completion of oil and liquids-rich natural gas plays. The industry continues to focus on horizontal wells which typically require more investment capital and increased rig time per well due to their depth and complexity compared to conventional vertical wells.
Results for the third quarter 2012 reflect a year-over-year decline in activity across all of Essential's operations. During the quarter:
-- Coil well service - The coil well service fleet performed relatively well in the quarter despite a slowdown in industry activity with deep utilization of 79%, compared to 104% in the third quarter 2011. -- Service rigs - Completion and workover activity was sporadic during the quarter as customers managed spending levels. Service rig utilization was 45% in the third quarter 2012 compared to 54% in the third quarter 2011. -- Downhole tools & rentals - The downhole tools business reported strong performance in both the Tryton multi-stage fracturing system ("Tryton MSFS") and conventional tools.
Essential continued to execute its 2012 capital program but some spending has been deferred to 2013 by manufacturing delays during the year. Year-to-date capital expenditures were $34 million, consisting of $22 million in growth capital, $11 million in maintenance capital and $1 million in infrastructure. Essential continues to focus on investing in high-demand assets in addition to maintaining and enhancing its existing fleet. During the third quarter, Essential converted one intermediate coil tubing rig to a deep coil tubing rig and added two custom built, mobile free standing, all period double service rigs. One of these service rigs was purpose-built to work on steam-assisted gravity drainage ("SAGD") wells.
Three months ended Nine months ended September 30, September 30, (Thousands) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Revenue Coil well service(i) $ 33,857 $ 36,349 $ 94,968 $ 60,351 Service rigs 17,465 20,969 60,218 54,448 Other 5,849 7,148 20,246 12,880 ---------------------------------------------------------------------------- Total revenue 57,171 64,466 175,432 127,679 Operating expenses 41,537 41,481 134,091 94,165 ---------------------------------------------------------------------------- Gross margin $ 15,634 $ 22,985 $ 41,341 $ 33,514 Gross margin %(1) 27% 36% 24% 26% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Utilization(ii) --------------------------------- Deep coil tubing rigs Utilization 79% 104% 71% 90% Operating hours 18,301 21,938 48,799 30,151 Service rigs Utilization 45% 54% 49% 49% Operating hours 22,632 28,201 74,003 70,140 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (i) Includes revenue from coil tubing rigs, nitrogen and fluid pumpers and other ancillary equipment. (ii) Utilization is calculated on a 10 hour day.
Completion of the acquisition of Technicoil on May 31, 2011 impacts the results for the nine months ended September 30, 2012 compared to the same period in 2011. The results for Technicoil for January to May 2011 are not included in the prior year comparatives.
Coil well service revenue decreased during the third quarter 2012 as a result of a year-over-year decrease in the number of new wells drilled and the number of wells completed. Deep coil tubing utilization was 79% during the third quarter 2012 compared to 104% for the same period in 2011. Overall, conventional deep coil tubing utilization decreased due to a decline in stimulation work in southern Alberta. Strong demand for masted deep coil tubing rigs generated similar revenue in the third quarter of 2012 compared to 2011. Essential's larger nitrogen and fluid pumper fleet generated increased revenue during the third quarter 2012 compared to 2011. The 2012 year-to-date increase in coil well service revenue reflects the timing of the Technicoil Acquisition. The current year impact of price increases introduced during the second half of 2011, and an increase in nitrogen and pumper revenue, has increased the rate per hour.
Service rig revenue decreased from the same quarter in the prior year due to wet weather conditions in July and uncertain customer spending plans. While Essential continued to see strong utilization from its service rigs in the Slave Lake region and on SAGD wells, this was offset by decreased activity across the remainder of Essential's fleet. Service rig revenue increased for the year-to-date over the same period in the prior year due to the service rigs added through the Technicoil Acquisition. Service rig pricing remained relatively stable for both the quarter and on a year-to-date basis.
During the third quarter, other revenue, which includes hybrid drilling rigs and rod rigs, decreased compared to the prior year. Utilization of the hybrid drilling rigs was adversely impacted by weather delays which resulted in utilization of 33% during the third quarter of 2012 compared to 48% in 2011.
Gross margin was lower in the third quarter of 2012 compared to the same period in the prior year. The year-over-year change was a result of lower utilization, the costs associated with increasing coil well service personnel, write-off of exhausted coil inventory, and higher repair and maintenance costs in a few locations. During the quarter, Essential also began hiring and training additional coil well service staff to ensure it has qualified personnel available to staff the new equipment that Essential is building under its 2012 capital program. Lower than anticipated utilization and delays in new equipment deliveries resulted in Essential incurring additional labour costs. It is anticipated that these costs will continue to impact the fourth quarter, but should be mostly absorbed in the first quarter of 2013 once the new equipment starts to arrive. During the nine months ended September 30, 2012, operating expenses were higher than in 2011 due to Technicoil's annual maintenance programs in the second quarter that are included in the current year results but not in the comparable information for the prior year as the costs were incurred prior to the completion of the Technicoil Acquisition.
Three months ended Nine months ended September 30, September 30, (Thousands) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Revenue $ 26,342 $ 33,316 $ 77,133 $ 76,637 Operating expenses 17,587 23,428 51,602 54,857 ---------------------------------------------------------------------------- Gross margin $ 8,755 $ 9,888 $ 25,531 $ 21,780 Gross margin %(1) 33% 30% 33% 28% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Number of Tryton MSFS jobs 89 85 210 167 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
The downhole tools & rentals segment focuses on oil and liquids-rich natural gas plays by providing production and completion tools for horizontal and vertical wells. Operations for this segment are well placed geographically across many of the active oil plays in the WCSB.
During the third quarter of 2012, demand for the Tryton MSFS remained relatively unchanged compared to the same quarter in the prior year. The average revenue per MSFS job decreased as customers reduced the number of stages per MSFS job as part of their efforts to minimize horizontal well completion costs. In the third quarter of 2012, activity levels for Essential's conventional downhole tools business remained consistent with 2011. Segment revenue also decreased in the third quarter due to a reduction in activity of the rental operations and the disposal of the wireline business in February 2012.
During the nine months ended September 30, 2012, Essential's downhole tools & rentals segment continued to grow compared to the same period in 2011. The industry continued using multi-stage fracturing services for completions on horizontal wells, and Essential realized continued growth in its conventional downhole tools operations. During the first nine months of 2012, Essential completed 210 Tryton MSFS jobs compared to 167 jobs over the same period in 2011.
The gross margin percentage for this segment improved over the prior year as a result of tool procurement efficiencies and the disposition of the wireline business. Wireline historically generated lower margins compared to the ongoing operations of this segment.
Essential services producing wells from its operating base in Barrancabermeja, Colombia. The Colombian operations were slightly cash flow negative during the quarter and revenue was below management expectations due to periods of inactivity largely related to the service rig operations. The Colombian operations continued to experience inconsistent activity. Essential is pursuing opportunities to stabilize activity and improve these operations. Management believes that there is significant demand for the services Essential provides and is continuing to pursue reliable work arrangements with a broader customer base.
Three months ended Nine months ended September 30, September 30, (Thousands) 2012 2011 2012 2011 ---------------------------------------------------------------------------- General and administrative expenses $ 3,917 $ 3,807 $ 12,215 $ 10,272 As a % of revenue 5% 4% 5% 5% ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
General and administrative expenses are comprised of wages, professional fees, office space and other administrative costs incurred at the corporate and operational level. General and administrative expenses as a percentage of revenue increased in the third quarter of 2012 due to the impact of lower revenue. General and administrative expenses increased on a year-to-date basis in 2012 primarily due to additional administrative costs associated with Technicoil field operations which are only included in the 2011 comparative information for four months following completion of the Technicoil Acquisition.
September 30, September 30, (Thousands) 2012 2011 ---------------------------------------------------------------------------- Current assets $ 92,937 $ 98,314 Current liabilities, excluding current portion of long-term debt (33,180) (39,166) ---------------------------------------------------------------------------- Working capital $ 59,757 $ 59,148 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Working capital ratio 2.8 : 1 2.5 : 1 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
The increase in working capital is a result of Essential's operating results compared to the prior year.
Essential's Credit Facility with its banking syndicate is comprised of a $100 million revolving term loan facility with a $35 million accordion feature available on lender's consent. The revolving term loan facility matures on May 30, 2014, is renewable at the lender's consent and is secured by a general security agreement over the Company's assets. To the extent the revolving term loan facility is not renewed, debt payments would be required over a two year period based on a three year amortization schedule. At September 30, 2012, the maximum of $100 million was available to Essential.
As at September 30, 2012, all financial debt covenants were satisfied and all banking requirements were up to date. Essential does not anticipate any financial resource or liquidity issues to restrict its future operating, investing or financing activities. On November 7, 2012, Essential had long-term debt outstanding of $51 million.
Three months ended Nine months ended September 30, September 30, (Thousands) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Well Servicing $ 10,480 $ 14,245 $ 31,568 $ 28,167 Downhole Tools & Rentals 168 1,534 1,381 4,663 Corporate 115 246 825 671 ---------------------------------------------------------------------------- Total equipment expenditures 10,763 16,025 33,774 33,501 ---------------------------------------------------------------------------- Less: proceeds on disposal of property and equipment (169) (578) (8,284) (2,929) ---------------------------------------------------------------------------- Net equipment expenditures(1) $ 10,594 $ 15,447 $ 25,490 $ 30,572 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
Essential continues to execute its 2012 capital program. The delivery of certain equipment has been delayed due to equipment manufacturers encountering manpower shortages and procurement delays. 2012 capital spending is expected to decrease from the previous expectation of $57 million to $51 million due to these delays and is now expected to consist of $36 million in growth capital and $15 million in maintenance and infrastructure capital. The program continues to focus on increasing the depth capacity of the coil tubing fleet, expanding the pumping fleet to support deeper horizontal well activity and enhancing the service rig fleet.
During the first nine months of 2012, Essential added the following assets to its fleet:
-- One intermediate coil tubing rig was converted to a deep coil tubing rig. -- One 1,000 HP quintiplex fluid pumper. -- Three custom built, mobile free standing, all-period double service rigs. One of these service rigs was purpose-built to work on SAGD wells.
Essential expects to add the following assets to its fleet through the remainder of 2012 and into 2013:
Expected In-Service Date Quantity 2012 2013 ---------------------------------------------------------------------------- Deep masted coil tubing rigs 5 - Q1(2), Q2, Q3(2) Conventional deep coil tubing rig 1 Q4 - Intermediate to deep coil tubing rig conversion 1 - Q2 Fluid pumpers - 1,000 HP quintiplex 2 Q4(2) - Nitrogen pumpers - Low-rate 4 Q4(4) - Double service rigs - Custom built, mobile free standing, all-period (purpose-built for SAGD wells) 2 - Q1(2) ----------------------------------------------------------------------------
Essential classifies its equipment expenditures as growth capital(1), maintenance capital(1), and infrastructure capital(1). The latter category includes information systems, operational facilities and leasehold improvements. Comparative equipment expenditures are as follows:
Three months ended Nine months ended September 30, September 30, (Thousands) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Growth capital(1) $ 6,285 $ 8,717 $ 21,918 $ 20,982 Maintenance capital(1) 4,271 7,194 10,823 11,325 Infrastructure capital(1) 207 114 1,033 1,194 ---------------------------------------------------------------------------- Total equipment expenditures $ 10,763 $ 16,025 $ 33,774 $ 33,501 ----------------------------------------------------------------------------
So far in the fourth quarter, there has been some improvement in activity and there is an expectation of continued improvement heading into the winter drilling season. However, oil prices continue to be volatile and there is still uncertainty in the market. Management expects greater clarity as E&P companies begin to set their 2013 capital budgets, which typically occurs in the latter part of the fourth quarter.
Essential is a leading well service provider in the WCSB with a strong balance sheet and high demand services which are focused on meeting its customers' needs. With an expectation of ongoing increases in horizontal well completions, there is a growing need for horizontal workovers and production work. Essential's fleet and expertise in providing these services gives it a strong position for the future.
The cash dividend for the period October 1, 2012 to December 31, 2012 has been set at $0.025 per share. The dividend will be paid on January 15, 2013 to shareholders of record on December 31, 2012. The ex-dividend date is December 27, 2012.
The third quarter Management's Discussion and Analysis and Financial Statements are available on Essential's website at www.essentialenergy.ca and on SEDAR at www.sedar.com.
($Thousands, except per Sep 30, June 30, Mar 31, Dec 31, share amounts) 2012 2012 2012 2011 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Well servicing: Coil well service 33,857 18,697 42,414 43,945 Service rigs 17,465 12,815 29,938 25,060 Other 5,849 3,818 10,579 7,735 ---------------------------------------------------------------------------- Total well servicing 57,171 35,330 82,931 76,740 Downhole tools & rentals(i) 26,342 15,540 35,251 32,115 Colombia 1,383 1,463 1,398 2,048 ---------------------------------------------------------------------------- Total revenue 84,896 52,333 119,580 110,903 ---------------------------------------------------------------------------- Gross margin(1) 22,979 3,667 36,504 35,758 Gross margin %(1) 27% 7% 31% 32% EBITDA(1) 19,062 (479) 32,352 31,829 EBITDA %(1) 22% (1)% 27% 29% Net income (loss) attributable to shareholders of Essential 8,660 (5,923) 18,893 17,559 Per share - basic and diluted $ 0.07 $ (0.05) $ 0.15 $ 0.14 Total assets 415,653 393,377 430,674 421,500 Total long-term debt 50,474 41,198 57,238 63,486 Equity attributable to shareholders of Essential 304,312 297,937 306,372 288,828 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Utilization (ii) Coil tubing rigs - deep 79% 32% 102% 111% Coil tubing rigs - other 15% 7% 25% 30% Service rigs 45% 34% 68% 59% Hybrid drilling rigs 33% 11% 60% 47% Operating Hours Coil tubing rigs - deep 18,301 7,262 23,236 23,524 Coil tubing rigs - other 2,819 1,596 5,494 6,778 Service rigs 22,632 16,183 35,188 31,005 Hybrid drilling rigs 3,620 1,230 6,581 5,192 Number of Tryton MSFS jobs 89 35 86 69 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Equipment fleet (iii) Canada ------------------------------- Coil tubing rigs - deep 26 25 25 25 Coil tubing rigs - other 19 20 24 24 Service rigs 55 53 58 57 Nitrogen pumpers 10 10 10 10 Fluid pumpers 16 16 15 15 Hybrid drilling rigs 5 5 5 5 Rod rigs 14 14 14 14 Colombia ------------------------------- Coil tubing rigs 2 2 2 2 Service rigs 2 2 2 2 Nitrogen pumpers 2 2 2 2 Rod rigs 2 3 3 3 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (i) Revenue for Downhole Tools & Rentals included revenue from Essential's wireline fleet until it was disposed of on February 2, 2012. (ii) Utilization is calculated using a 10 hour day for the entire fleet except for hybrid drilling rigs which is calculated using a 24 hour day. (iii) Fleet data represents the number of units at the end of the period. ($Thousands, except per Sep 30, Jun 30, Mar 31, Dec 31, share amounts) 2011 2011 2011 2010 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Well servicing: Coil well service 36,349 9,871 14,131 11,373 Service rigs 20,969 9,606 23,873 17,747 Other 7,148 3,526 2,206 2,457 ---------------------------------------------------------------------------- Total well servicing 64,466 23,003 40,210 31,577 Downhole tools & rentals(i) 33,316 17,115 26,206 22,366 Colombia 1,634 361 - - ---------------------------------------------------------------------------- Total revenue 99,416 40,479 66,416 53,943 ---------------------------------------------------------------------------- Gross margin(1) 31,100 3,077 16,652 14,636 Gross margin %(1) 31% 8% 25% 27% EBITDA(1) 27,293 (137) 13,401 11,293 EBITDA %(1) 27% 0% 20% 21% Net income (loss) attributable to shareholders of Essential 13,678 (6,364) 6,248 6,121 Per share - basic and diluted $ 0.11 $ (0.07) $ 0.09 $ 0.09 Total assets 411,204 371,017 191,046 173,803 Total long-term debt 79,230 63,459 7,392 396 Equity attributable to shareholders of Essential 271,681 257,119 156,408 149,660 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Utilization (ii) Coil tubing rigs - deep 104% 37% 85% 81% Coil tubing rigs - other 25% 18% 34% 35% Service rigs 54% 27% 64% 51% Hybrid drilling rigs 48% 47% - - Operating Hours Coil tubing rigs - deep 21,938 3,638 4,575 3,740 Coil tubing rigs - other 5,813 3,805 7,033 8,704 Service rigs 28,201 13,229 28,710 24,072 Hybrid drilling rigs 5,337 1,696 - - Number of Tryton MSFS jobs 85 36 46 41 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Equipment fleet (iii) Canada ------------------------------- Coil tubing rigs - deep 23 23 6 5 Coil tubing rigs - other 25 25 26 27 Service rigs 57 58 52 51 Nitrogen pumpers 9 8 8 9 Fluid pumpers 12 6 - - Hybrid drilling rigs 5 5 - - Rod rigs 14 14 20 20 Colombia ------------------------------- Coil tubing rigs 2 2 2 1 Service rigs 1 1 1 1 Nitrogen pumpers 2 2 2 1 Rod rigs 3 3 3 3 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (i) Revenue for Downhole Tools & Rentals included revenue from Essential's wireline fleet until it was disposed of on February 2, 2012. (ii) Utilization is calculated using a 10 hour day for the entire fleet except for hybrid drilling rigs which is calculated using a 24 hour day. (iii) Fleet data represents the number of units at the end of the period.
As at As at September 30, December 31, (Thousands) 2012 2011 ---------------------------------------------------------------------------- Assets Current Cash $ - $ 164 Trade and other receivables 69,362 85,013 Inventories 19,673 17,819 Prepayments 3,902 2,929 ---------------------------------------------------------------------------- 92,937 105,925 ---------------------------------------------------------------------------- Non-current Property and equipment 222,970 211,764 Intangible assets 40,530 44,750 Goodwill 57,425 57,425 Deferred tax assets 1,791 1,636 ---------------------------------------------------------------------------- 322,716 315,575 ---------------------------------------------------------------------------- Total assets $ 415,653 $ 421,500 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Liabilities Current Bank indebtedness $ 1,457 $ - Trade and other payables 28,513 39,913 Dividends payable 3,100 - Income taxes payable - 5,234 Current portion of long-term debt - 14,513 Current portion of equity taxes 110 117 ---------------------------------------------------------------------------- 33,180 59,777 ---------------------------------------------------------------------------- Non-current Long-term debt 50,474 48,973 Equity taxes 110 232 Deferred tax liabilities 27,525 23,615 ---------------------------------------------------------------------------- 78,109 72,820 ---------------------------------------------------------------------------- Total liabilities 111,289 132,597 ---------------------------------------------------------------------------- Equity Share capital 258,749 257,775 Retained earnings 40,987 28,651 Other reserves 4,576 2,402 ---------------------------------------------------------------------------- Equity attributable to shareholders of Essential 304,312 288,828 Non-controlling interest 52 75 ---------------------------------------------------------------------------- Total equity 304,364 288,903 ---------------------------------------------------------------------------- Total liabilities and equity $ 415,653 $ 421,500 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
For the three For the nine months ended months ended September 30, September 30, (Thousands, except per share amounts) 2012 2011 2012 2011 ---------------------------------------------------------------------------- Revenue $ 84,896 $ 99,416 $ 256,809 $ 206,311 Operating expenses 61,917 68,316 193,659 155,482 ---------------------------------------------------------------------------- Gross margin 22,979 31,100 63,150 50,829 General and administrative expenses 3,917 3,807 12,215 10,272 ---------------------------------------------------------------------------- 19,062 27,293 50,935 40,557 Depreciation and amortization 6,451 6,492 19,845 14,047 Share-based compensation 492 374 1,427 1,088 Equity taxes - - - 478 Other (income) expense 123 266 (1,020) 1,494 ---------------------------------------------------------------------------- Operating profit 11,996 20,161 30,683 23,450 Transaction costs - 608 - 3,004 Finance costs 497 822 1,702 1,314 ---------------------------------------------------------------------------- Earnings before income taxes 11,499 18,731 28,981 19,132 ---------------------------------------------------------------------------- Income taxes Current expense 1,624 3,012 4,092 3,251 Deferred expense 1,159 2,102 3,449 2,619 ---------------------------------------------------------------------------- Total income tax expense 2,783 5,114 7,541 5,870 ---------------------------------------------------------------------------- Net income 8,716 13,617 21,440 13,262 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Other comprehensive income: Unrealized foreign exchange gain on foreign operations 197 316 1,204 660 ---------------------------------------------------------------------------- Comprehensive income $ 8,913 $ 13,933 $ 22,644 $ 13,922 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net income (loss) attributable to: Shareholders of Essential $ 8,660 $ 13,678 $ 21,631 $ 13,563 Non-controlling interest 56 (61) (191) (301) ---------------------------------------------------------------------------- $ 8,716 $ 13,617 $ 21,440 $ 13,262 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Comprehensive income (loss) attributable to: Shareholders of Essential $ 8,826 $ 13,930 $ 22,672 $ 14,124 Non-controlling interest 87 3 (28) (202) ---------------------------------------------------------------------------- $ 8,913 $ 13,933 $ 22,644 $ 13,922 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Earnings per share Basic and diluted, attributable to shareholders of Essential $ 0.07 $ 0.11 $ 0.17 $ 0.14 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
For the nine months ended September 30, (Thousands) 2012 2011 ---------------------------------------------------------------------------- Operating activities: Net income $ 21,440 $ 13,262 Non-cash adjustments to reconcile net income to net cash flow: Depreciation and amortization 19,845 14,047 Deferred income tax expense 3,449 2,619 Share-based compensation 1,427 1,088 Provision for (recovery of) impairment of trade receivables (237) 341 Finance costs 1,702 1,314 (Gain) loss on disposal of assets (414) 1,913 ---------------------------------------------------------------------------- Operating cash flow before changes in working capital 47,212 34,584 Changes in working capital: (Increase) decrease in trade and other receivables before provision 18,063 (26,221) (Increase) in inventories (1,854) (1,840) (Increase) in prepayments (973) (963) Increase (decrease) in income taxes payable (6,804) 2,856 (Decrease) in trade and other accounts payables (11,400) (4,532) Increase (decrease) in equity taxes payable (129) 402 ---------------------------------------------------------------------------- Net cash flows from operating activities 44,115 4,286 ---------------------------------------------------------------------------- Investing activities: Purchase of property and equipment (33,774) (33,501) Business acquisition - (56,582) Proceeds on disposal of equipment 8,284 2,929 ---------------------------------------------------------------------------- Net cash flows used in investing activities (25,490) (87,154) ---------------------------------------------------------------------------- Financing activities: Increase (decrease) in long-term debt (13,012) 78,608 Dividends paid (6,190) - Issuance of share capital, net of costs 685 261 Finance costs (1,702) (1,314) ---------------------------------------------------------------------------- Net cash flows from (used in) financing activities (20,219) 77,555 ---------------------------------------------------------------------------- Foreign exchange gain on cash held in a foreign currency (27) (11) ---------------------------------------------------------------------------- Change in cash (1,621) (5,324) Cash, beginning of period 164 2,392 ---------------------------------------------------------------------------- Bank indebtedness, end of period $ (1,457) $ (2,932) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Supplemental cash flow information Cash taxes paid $ 10,906 $ 395 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
(1) Non-IFRS Measures
Throughout this news release, certain terms that are not specifically defined in IFRS are used to analyze Essential's operations. In addition to the primary measures of net earnings and net earnings per share in accordance with IFRS, Essential believes that certain measures not recognized under IFRS assist both Essential and the reader in assessing performance and understanding Essential's results. Each of these measures provides the reader with additional insight into Essential's ability to fund principal debt repayments and capital programs. As a result, the method of calculation may not be comparable with other companies. These measures should not be considered alternatives to net earnings and net earnings per share as calculated in accordance with IFRS.
Gross margin % - This measure is considered a primary indicator of operating performance as calculated by gross margin divided by revenue.
EBITDA (Earnings before finance costs, income taxes, equity taxes, depreciation, amortization, transaction costs, non-controlling interest earnings, losses or gains on disposal of equipment and share-based compensation) - This measure is considered an indicator of Essential's ability to generate funds flow in order to fund required working capital, service debt and fund capital programs.
EBITDA % - This measure is considered an indicator of Essential's ability to generate funds flow as calculated by EBITDA divided by revenue.
Funds flow or funds flow from operations - This measure is an indicator of Essential's ability to generate funds flow in order to fund working capital, principal debt repayments and capital programs. Funds flow or funds flow from operations is defined as cash flow from operations before changes in non-cash operating working capital. This measure is useful in assessing Essential's operational cash flow as it provides cash generated in the period excluding the timing of non-cash operating working capital. This reflects the ability of the operations of Essential to meet the above noted funding requirements.
Growth capital - Growth capital is capital spending which is intended to result in incremental increases in revenue. Growth capital is considered to be a key measure as it represents the total expenditures on equipment expected to add incremental revenues and funds flow to Essential.
Maintenance capital - Equipment additions that are incurred in order to refurbish or replace previously acquired equipment less proceeds on the disposal of retired equipment. Such additions do not provide incremental increases in revenue. Maintenance capital is a key component in understanding the sustainability of Essential's business as cash resources retained within Essential must be sufficient to meet maintenance capital needs to replenish the assets for future cash generation.
Infrastructure capital - Additions that are incurred in order to maintain the Company's business systems and operating facilities. Such additions do not provide incremental increases in revenue.
Net equipment expenditures - This measure is equipment expenditures less proceeds on the disposal of equipment. Essential uses net equipment expenditures to assess net cash flows related to the financing of Essential's oilfield services equipment.
Essential is a growth-oriented, dividend paying corporation that provides oilfield services to oil and gas producers in western Canada for servicing producing wells and new drilling activity. Essential operates the largest coil tubing well service fleet in Canada with 47 coil tubing rigs and a fleet of 57 service rigs. Essential also sells, rents and services downhole tools and equipment including the Tryton Multi-Stage Fracturing System. Further information can be found at www.essentialenergy.ca.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, this news release contains forward-looking statements including expectations regarding capital spending, in-service timing of new equipment, expectations regarding the impact of recent equipment purchases, expectations of future cash flow and earnings, expectations with respect to the demand for and price of oil and liquids-rich natural gas, expectations regarding the level and type of drilling activity, completion activity, workover activity, production activity and required oilfield services in the WCSB, expectations for continued improvement in activity heading into the winter drilling season, expectations regarding the demand for Essential's services, expectations regarding the ability to absorb labour costs in the first quarter of 2013, expectations regarding the business, operations and revenues of the Company in addition to general economic conditions, expectations regarding Essential's ability to meet the changing needs of the WCSB market, expectations regarding the capital spending plans of E&P companies, expectations for Essential's positioning for the future and expectations regarding demand for Essential's services in Colombia.
Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that such statements and information will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: the risks associated with the oilfield services sector (e.g. demand, pricing and terms for oilfield services; current and expected oil and natural gas prices; exploration and development costs and delays; reserves discovery and decline rates; pipeline and transportation capacity; weather, health, safety and environmental risks); integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation, including but not limited to tax laws, royalties, incentive programs and environmental regulations; stock market volatility and the inability to access sufficient capital from external and internal sources; the ability of the Company's subsidiaries to enforce legal rights in foreign jurisdictions; general economic, market or business conditions; global economic events; changes to Essential's financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; risks associated with government regulations and environmental health and safety matters and other unforeseen conditions which could impact the use of equipment and services supplied by Essential in Colombia; and other unforeseen conditions which could impact the use of services supplied by the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive.
Additional information on these and other factors that could affect the Company's financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) for the Company. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Essential has scheduled a conference call and webcast to begin at 10:00 am MT (12:00 pm ET) on Thursday, November 8, 2012.
The conference call dial in numbers are 416-340-8061 or 866-225-0198
A live webcast of the conference call will be accessible on Essential's website at www.essentialenergy.ca by selecting "Investors", then "Events and Presentations". Shortly after the live webcast, an archived version will be available for approximately 30 days. An archived recording of the conference call will be available approximately one hour after the completion of the call until December 8, 2012 by dialing 905-694-9451 or 800-408-3053, passcode 9994629.
The TSX has neither approved nor disapproved the contents of this news release.
Essential Energy Services Ltd.
Garnet K. Amundson
President and CEO
(403) 513-7272
[email protected]
Essential Energy Services Ltd.
Jeff B. Newman
Chief Financial Officer
(403) 513-7272
[email protected]
Essential Energy Services Ltd.
Karen Perasalo
Investor Relations
(403) 513-7272
[email protected]
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
Nov. 27, 2014 05:00 PM EST Reads: 887
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Nov. 27, 2014 05:00 PM EST Reads: 1,219
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Nov. 27, 2014 05:00 PM EST Reads: 1,645
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Nov. 27, 2014 05:00 PM EST Reads: 1,011
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
Nov. 27, 2014 04:45 PM EST Reads: 1,018
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Nov. 27, 2014 04:45 PM EST Reads: 1,060
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Nov. 27, 2014 04:30 PM EST Reads: 1,050
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Nov. 27, 2014 04:00 PM EST Reads: 1,146
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Nov. 27, 2014 04:00 PM EST Reads: 1,548
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Nov. 27, 2014 03:00 PM EST Reads: 1,387
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Nov. 27, 2014 03:00 PM EST Reads: 1,171
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Nov. 27, 2014 03:00 PM EST Reads: 743
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
Nov. 27, 2014 01:00 PM EST Reads: 1,592
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 27, 2014 11:00 AM EST Reads: 1,201
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization's identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
Nov. 27, 2014 10:00 AM EST Reads: 1,291


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that make you grumpy
Get the most bang for your buck with the best value cars for 2013.
To rank the best value cars for 2013, Consumer Reports compared a car's estimated ownership costs to its scores in the magazine's performance tests as well as its predicted reliability. Here are the top picks in 10 categories:
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Avoid these 10 foods that can wreck your mood and turn you into a grump.
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subset: commoncrawl


text:
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Hotel Mar de Luz
No availability found through our partners. Please contact the business directly or check some of our recommended alternatives.
How has this hotel rated in the past?
- Continental Breakfast
- Shuttle bus service
- Suites
- Free High-Speed Internet
- Restaurant
- Swimming pool
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TravelPod Member ReviewsHotel Mar de Luz Jaco
Close to centre, but down a side street so no noise. Family hotel so pools busy with people playing. Rooms very big with space to relax, downstairs rooms I think have full kitchen facilities, ours had lots off cooking related stuff but we did not use them. Breakfast good start to the day, but my egg was very salty, so next day I asked for no salt and was fine.Breakfast doesnt end really early unlike at some places. Check out at noon which is as good as we found in Costa Rica. Staff friendly and helpful. For the price paid this was the best value hotel we stayed at on our trip. The bed was not small unlike most over places we stayed in the country. Pillow was a bit small and soft, so had to ask for another one, there was also a lack of hooks to hang clothes/towels on, so we drapised stuff over the various furniture items. We arranged a private transfer to SJO airport at a price very similar to a shared shuttle service for 2 people, which was a pretty good deal and saved messing about with buses. We came from Quepos by public bus which was easy, cheap and less than 2 hours.
This review is the subjective opinion of a TravelPod member and not of TravelPod.com.
TripAdvisor Reviews Hotel Mar de Luz Jaco
Travel Blogs from Jaco
Time to relax
Local bus to Jaco took a bit less than 2 hours, seats not the most spacious but wasn't overly busy. We dropped our bags off, had a burger meal, then to look at the beach. Not exactly postcard pretty, but not horrific neither. Beach does not have typical facilities like drink or ice cream vendors. Surfing looked good first day, but we were a bit …
Costa Rica: Disappointment
... property, it was still a 10 minute drive up a scenic windy hill before I finally go there. I read online that Playa Blanca was a pretty well kept secret, that not many people had really known about it, was very clean, had excellent snorkeling, and the waters were calm. Those were all lies. Maybe it was because I went there at 11am, peak of the day, or maybe I had some unrealistic expectations, but this visit to Playa Blanca was a let down. There was a ton of people, there ...
Day 3 - Jan 8, 2014
... Atlanta). We had talked about the hardships of dating, of how the guy she really likes now didn't want to come to Costa Rica with her. After sushi, we even ended up buying a bottle of wine and coming back to her room to share and enjoy music and do our nails. Girl stuff, yay! I guess that is the one part I miss the most and am so thankful for that I am experiencing again - the fact that theres new people to meet all the time and they're just as interested in ...
Puerto Caldera -Tropical Wonderland
... waited, and a good thing we did; because when they came back, Luis explained they went searching for the resident Anaconda!!.
With that, shivers went up and down my spine, my knees felt like jelly, and goosebumps went up all the way to the back of my neck. I was bitten once before by a snake in Texas," I announced.
Soon, the lady ahead of me kept warning her husband to watch out, and not to go ahead of the group.
It was so hot on the ...
Arte Comunica
... and me, began to inspect my skin art, and fired away with questions. It was such a magical few hours hanging out with the local youth committee speaking our version of Pidgin. We chatted about art, laughed at our mutually funny translations, and taught each other how to communicate with and without words.
Pidgin English: http://en.wikipedia.org/wiki/Pidgin


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Finances and Important Dates
Last day to register for a summer online course:
- Term 1 - May 4, 2015
- Term 2 -June 29, 2015
Last day to drop a summer online course:
- Term 1 - May 5, 2015
- Term 2 - June 30, 2015
Last day to withdraw from a summer online course:
- Term 1 -June 5, 2015
- Term 2 - July 31, 2015
Summer 2015 online courses are an affordable option, discounted heavily compared to the same courses offered during the academic year.
- The cost of each course will be $150 per credit hour.
- There is no technology fee for summer online courses.
- The cost of textbooks and other course materials is incurred separately.
eBill statements for Summer will start to go out in mid-March, and will continue on a monthly basis through mid-June. Please see www.houghton.edu/ebillinfo for more information.
Online Summer Session Refund Policy:
Refunds on all charges will be prorated on a per diem basis based on the academic calendar up to the 60 percent point in the term. There are no refunds after that time. Students withdrawing before the classes begin for a given term will receive a 100 percent refund of charges. A copy of the worksheet used for the refund calculation can be requested from Student Financial Services (email: email@example.com; phone: x3280 or 585-567-9328; or by visiting their Luckey Building office)
100% during the drop period (first two days)
75% for the remainder of the first week
50% during the second week
0% week three and beyond
Requests for Drops or Withdrawals
All requests for drops must be emailed to the Academic Records Office (firstname.lastname@example.com) by 5 pm ET, May 5, 2015 for Term 1 and by June 30, 2015 for Term 2.
All requests for withdrawals must be emailed to the Academic Records Office by 5 pm ET, June 5, 2015 for Term 1 and by July 31, 2015 for Term 2.
The date of the email determines the refund date used above. It is important to note that notifying an instructor does not constitute an official request to drop or withdraw from a course.
Financial Aid
Institutional financial aid does not apply to Summer Online courses because of the deep pricing discounts offered. However, there may be federal financial assistance available in limited situations.
Contact Student Financial Services (email: firstname.lastname@example.com; phone: x3280 or 585-567-9328; or by visiting their Luckey Building office) for more information. Note: free Mayterm/Summer does not apply to Summer Online courses.


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Mario Balotelli is 'Our Household's Little Nigger' says Silvio Berlusconi's Brother Paolo [VIDEO]
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By Gianluca Mezzofiore | February 5, 2013 10:20 PM EST
Former Italian prime minister Silvio Berlusconi's younger brother Paolo has called AC Milan's newly acquired striker Mario Balotelli "our household's little nigger" at an electoral campaign meeting.
Paolo, who is the publisher of the right-wing newspaper Il Giornale and head of investment group Paolo Berlusconi Finanziaria, made the remark during the installation of Fabrizio Sala as candidate for Silvio's People of Freedom party in Lombardy.
At the end of his speech, he invited his audience to go and watch Mario Balotelli, the 22-year-old striker signed last week by Silvio's AC Milan, play his first match against Udinese.
"Let's go and watch our household's little nigger [playing]," he said to laughter.
"The girls here are all invited as well. They can have the chance to meet with Silvio Berlusconi."
The elder Berlusconi has cut the lead held by front-runner Pier Luigi Bersani to 5 percentage points after the Banca Monte Paschi scandal and signing of Balotelli.
Balotelli, who scored 20 goals for Manchester City and is considered a star in Italy for his performance in the finals of the European Championship, was signed for £20m.
Robert Weber, chairman of pollsters SWG, estimated that the signing probably added about 0.3 percentage points to Berlusconi's support. Balotelli scored two goals in his first game to lead Milan to victory over Udinese.
Paolo Berlusconi has been found guilty of fraud and corruption for his involvement as head of Simec in a landfill scandal in Cerro Maggiore near Milan.
Silvio Berlusconi's bounce in the polls has not been hurt by his remarks on International Holocaust Day when he defended Italy's fascist dictator Benito Mussolini.
Mario Balotelli, Silvio Berlusconi and the Politics of Football
Silvio Berlusconi and Mussolini: Electoral Strategy or Personal Belief?
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To contact the editor, e-mail:
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- 'Floyd Rhymes With Avoid,' Says Manny Pacquiao
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- Bill Clinton At It Again, Caught By Camera In Jerusalem Peeking At Woman's Breast


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Published On: Dec 02 2013 05:25:33 PM CST
Updated On: Dec 02 2013 05:57:42 PM CST
Updated On: Dec 02 2013 05:57:42 PM CST
The trial of a Mid-Missouri pastor accused of sex crimes has been delayed.
Moniteau County prosecutor Shane Healea told ABC 17 News that Travis Smith's trial will be pushed back to next year.
The trial was scheduled to begin Tuesday, however Hayley said the defense asked for the delay in order to take a deposition from a witness.
Smith is charged with statutory rape and statutory sodomy from an alleged 2005 incident.
He is the pastor for First Baptist Church in Stover. As of Monday evening, Smith was still listed as the church's pastor.
Copyright © 2013 KMIZ - The Networks of Mid-Missouri. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the Terms Of Service and the comment you are posting is in compliance with such terms.blog comments powered by Disqus
One dead, deputy injured in Morgan County shooting
One killed in Wednesday morning Columbia crash
One lane shut down at Stadium on I-70
Boone County officials: tornado sirens all sounding is protocol
Jefferson City family: Bullying ruins lives
At least 40 wrecks in Mid-Missouri Wednesday after holiday travel begins
Fire causes $50,000 worth of damage to Columbia home
Employees walk out of Columbia daycare after not getting paid
States most likely to have a miserable Thanksgiving
On this day: November 26


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snortpocket has made the movie "King of Kongs" interesting and watchable. Also I bet there's some damn fine savings on fireworks or cars behind that red gorilla.
Gutter Monkey had a tuxedo t-shirt tattooed on his skin.
smizzle doctored this screenshot from "Patch Adams" because he is fancy.
SpaceGod will get done destroying this city in several months.
In a Something Awful exclusive, we reveal the true state of Darren Wilson after his harrowing encounter with Michael Brown.
gee, sun, thanks for life and warmth and light. you totally did it on purpose and aren't just a stupid exploding deathtrap
Everything I'm about to show you is art. It says nothing and is worth even less, but it's still art!
I hope you updated before the apocalypse, because the google play app store won't even connect now.
Val Kilmer lures 6 morons into the ultimate death schvitz to prove global warming is real.
Photoshop Phriday showcases the tremendous image manipulation talents of the Something Awful Forum Goons. Each week they tackle a new theme, parodying movies, video games, comics, history, and anything else you can think of. If you want in on the action, join us on the Something Awful Forums!
Copyright ©2014 Rich "Lowtax" Kyanka & Something Awful LLC.


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well i already post this in one of the thread for grand chase but since many people here is lazy to read every pages of the thread i will just make a new thread here
for now, this is i want to share with you guys,u can call it swear hack since it remove all foul language when you type sample when u type lass it come to l*** so it removes the "*" foul languages,anyway heres what you gonna do.
1. go to your grand chase folder then go to Stage folder ex:"D:\Program Files\Grand Chase\Stage"
2. in stage folder you will see a file named "total_ph.stg" open it with notepad then erase all the text on it then save.
3.once you save it,restart you grand chase if your playing in the game then type all the foul languages you want.
4.you need to bypass the GC luancher to make the swear hack always work.
1.just create a shortcut of the main.exe in your grand chase folder
2.on the shortcut of your main.exe right click on it and and click "properties"
3.on shortcut tab on properties, you will see the target line ,just add this line on the end of it "__kogstudios_original_service__" (" not included)
example target lines: "D:\Grand Chase\main.exe"(space) __kogstudios_original_service__"(that what it looks like on the target line.)
it doesnt need bypass or cheat engine,hope it helps


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Part Time Jobs in Downingtown, Pennsylvania ( PA )
If you're looking for part time jobs, student jobs or jobs for teens in Downingtown, Pennsylvania, you've come to the right place! Chances are that GrooveJob.com has the right job for you and wants to be your only source for finding part time jobs in Downingtown, Pennsylvania.
We've got plenty of part time and summer jobs in Downingtown, Pennsylvania. Check out the list of employers below who are accepting applications for part time jobs in your town. Remember to check back with Groovejob.com on a regular basis. We add new part time job listings to our database every week, so you'll find new opportunities every time you check back with us.
|Browse by Employer (Click On Logos)
Jobs by Title
Copy and Print Associate
…standards and policies Reporting to this Person:**No direct reports *Job:* Retail Locations *Location(s):* US-PA-Downingtown *Schedule:*...
Downingtown, PA
Certified Technician
…in customers' homes/on-site businesses * A+ Certification preferred *Job:* Retail Locations *Location(s):* US-PA-Downingtown *Schedule:*...
Downingtown, PA
Mobility and Technology Sales Associate
…Sales and customer service experience in a retail environment *Job:* Retail Locations *Location(s):* US-PA-Downingtown *Schedule:* Part...
Downingtown, PA
Manager, Employee Relations
…in Pepperidge Farm s frozen manufacturing facility, which employs approximately 280 full- time workers and a seasonal temporary...
Downingtown, PA
General Manager 3 - Food
…for the 120-bed skilled care building and will manage a staff of 20 hourly employees and 2 managers. The General Manager must be...
Downingtown, PA
Customer Service Representative
…require flexible schedule availability including evenings and weekends (may differ for Part Time positions). A four-year degree is...
Downingtown, PA
…s, hi s and help. To ensure each customer has a positive shopping experience and to remember that the customer is the top priority. Job...
Downingtown, PA
Shift Supervisor Trainee
To carry out all opening and closing procedures in the absence of management. Job Function: Hourly Retail, Store...
Downingtown, PA
Pharmacy Technician Trainee / Pharmacy Service Associate
Work as part of the Pharmacy Team to ensure that each customer has a positive shopping experience at CVS and to ensure customer...
Downingtown, PA
Photo Lab Technician
…products and services to customers. To carry out all duties delegated by the Photo Lab Supervisor and Store Management Team. Job...
Downingtown, PA
Manager, Human Resources
…systems. * Manage recruitment effort for all exempt, non-exempt, and hourly employees; monitor recruitment program; employee relations...
Downingtown, PA
AVON Independent Sales Representative
AVON Independent Sales Representative Location: Work from home; Work online; Part - time or Full Time Opportunity : At a time when...
Downingtown, PA
Home Workers Wanted: Part Time /Full Time (Data Entry, Work From Home Positions)
…are dependable and looking to make as much as $350-$1,200 per week, or more working part time or full time . You work on your own...
Downingtown, PA
UberX Driving Partner ( Part - Time )
…your own car. Driving with Uber is a great way to earn cash whether you're working part time , going to school, or seeking out an...
Wilmington, DE
Part Time Jobs Up To $27 Per Hour (Apply Now)
Part time or full time positions available. Must have decent typing skills and helpful to be a good self starter. Start...
Downingtown, PA
Bloggers Wanted: Get Paid To Share Your Opinion Blogging ( Part Time /Full? Time )
…We are looking for people nationwide interested in working from home who are dependable and looking to make as much as $350-$1,000...
Downingtown, PA
Part - Time Delivery Driver - Papa John's Pizza
…E. Lincoln Hwy, Thorndale, PA 19372 store Job Description: DELIVERY TEAM MEMBER Competitive hourly Pay Rates, Mileage and Tips paid...
Thorndale, PA
Package Handler - Part - Time
UPS is hiring individuals to work as part - time Package Handlers . This is a physical, fast-paced position that involves continual...
West Chester, PA
Macy's Seasonal Service Ambassador Temporary, Full Time / Part Time - Exton, PA - Exton Square Mall
…independently and as part of a team and must have good time management skills. Physical Demands: This position involves constant...
Exton, PA
Macy's Seasonal Retail Sales Part Time - Exton, PA - Exton Square Mall
…independently and as part of a team and must have good time management skills. Physical Demands: This position involves constant...
Exton, PA
|<< First < Previous 1 2 3 4 5 Next > Last >>


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Uncover the stories behind our newest exhibit - the most complete Stegosaurus fossil ever found.
Quick links:
There is a charge for some exhibitions.
Natural History Museum
Cromwell Road London SW7 5BD UK.
Tel: +44 (0)20 7942 5000
Find us on a map
Open Monday to Sunday from 10.00-17.50, except 24-26 December. Last admission 17.30.
The Museum at Tring is open Monday to Saturday 10.00-17.00 and Sunday 14.00-17.00. Tring website.
Extraordinary images of our planet from international photographers, celebrating the 50th competition.
24 Oct 2014 - 30 Aug 2015
Skate, enjoy food and drink in the café bar and a spin on the carousel.
30 Oct 2014 - 04 Jan 2015
Meet Sir David Attenborough and get your copy of his new autobiography signed.
26 Nov 2014, 11:30
Hyperspectral imaging allows us to read for the first time one of Alfred Russel Wallace's notebooks that was ruined in a shipwreck.More news
Find out about some animal masters of disguise.
Build a volcano and watch it erupt.
Unearth evidence of the story of humans in Britain.
See how our scientists help identify threats to nature.
Get 20% off Pleo and other Christmas gifts for kids.
Donate and support us, or join as a Member or Patron.


text:
Whether you are on the go, in your office or at home, tech gadgets can introduce great time-saving advantages into your day, as well as make life easier. Check out some of these great finds, including a keyboard that can multi-task and access all your devices, a rugged USB key that can protect your data from both physical and security threats, a case for the Samsung Galaxy Tab S that's also a Bluetooth keyboard, and a small but powerful projector that's portable and great for meetings and conference rooms.
In this slideshow, we've highlighted 10 hot new gadgets you may want to consider adding to your collection. Be sure to check out some of our other slideshows that feature great gadgets for the back-to-school crowd, anyone wanting to spice up their office, or professionals on the go.
For more gadgets, check out:
Twenty-Five Back-to-School Gadgets You May Just Want for Yourself
Fifteen Hot Gadgets to Spice up Your Office
Fourteen Hot Gadgets for Your Mobile Lifestyle
Related Topics : In Their Own Words: The Four Dark Horses for the Third Major Mobile OS Speak, HTC, Mobile Search, 3G, Location-Based Services
Retailers are hard at work offering can't-miss deals this holiday for a host of 'bargain' Android tablets. But how much of a deal are you really getting? ... More >>
If your app is missing any of these features, you need to rethink how and why you're designing and building for mobile. ... More >>
Are workplaces ready for this invasion of wearable tech? According to new research from global IT association ISACA, the answer is no. ... More >>


text:
Wiki Headlines
18th Nov: We've switched servers and will be updating the old code over the next couple months, meaning that several things might break. Please report issues here.
main index
Military Commander: Tim, they've got your wife!The Big Bad tries to get the hero (or someone else) to do his bidding by taking someone precious from him and essentially holding them to ransom. It's often a significant other, frequently a wife or girlfriend. This sort of thing tends to go in the following sequence:
Tim: But I'm not married!
Military Commander: You are now... To AMERICA!
— Grand Theft Auto: Vice City, "Exploder" commercial on V-Rock.
open/close all folders
Anime and Manga
Comic Books
Fan Works
Films — Animated
Films — Live-Action
Live-Action TV
Newspaper Comics
Video Games
Web Original
Western Animation
Real Life


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LEGO Super Mario Bros Aquarium (pics/video)
When you're a die-hard Super Mario Bros Fan, you'll go to great lengths to incorporate the theme into anything you can like Cedrick Bearss, who created a unique Super Mario Bros Level Aquarium from LEGOS. The aquarium features lots of cool Super Mario Bros game characters like the toads, Mario himself, and even brick levels that you head bump for coins and mushrooms (even included)! There's even that iconic brick staircase you have to climb to jump on the flagpole and enter the castle at the end of each level. The background even features the same design as the video game! This guy is either really talented or has a lot of free time on his hands.
Kristie Bertucci
Kristie Bertucci is an L.A.-based writer, who can't live without her MacBook Pro. When she's not writing, she's either reading or shopping (online, of course) and loves lazy days so she can catch up on her DVR-recorded shows and movies. She's definitely a Mac girl, she loves music and is currently on a mission to to have an insane and enviable iTunes library.
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BloemfonteinSyllabification: Bloem·fon·tein
Pronunciation: /ˈblo͞omfänˌtān /
Definition of Bloemfontein in English:
A city in central South Africa, judicial capital of the country, capital of Orange Free State; population 583,300 (est. 2009).
Definition of Bloemfontein in:
- British & World English dictionary
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Word of the day prepotent
Pronunciation: prɪˈpəʊt(ə)nt
greater than others in power or influence


text: Tom Brokaw Hospitalized By Associated Press September 6, 2012 9:38 AM | Share on Facebook Share on Twitter Getty Images/Brendan Hoffman NEW YORK (AP) – NBC News special correspondent Tom Brokaw was taken to a Charlotte, N.C., hospital Thursday morning after appearing on MSNBC's "Morning Joe." The network says Brokaw felt "light-headed" on the set of the news-talk program, which has been originating this week from Charlotte. "Out of an abundance of caution," he was taken to a Charlotte-area hospital, which was not identified. NBC said he was being evaluated and "is in good spirits." The 72-year-old Brokaw has been keeping a busy schedule of on-air appearances at the Republican National Convention last week and, this week, at the Democratic Convention. He has served as special correspondent for NBC News since stepping down as anchor of "Nightly News" in 2004. Read Original: Tom Brokaw Hospitalized Share on Facebook Share on Twitter More Leave a comment Send to a friend! Print this page Pin it! Reddit This! Share on Tumblr! More Local News Your Black Friday Shopping Planner — Store Opening Times & Deal Schedules Sanford Health Designated As South Dakota Ebola Treatment Facility Sioux Falls Hit and Run Driver Pulls Over to Face Charges South Dakota Has 3 Ladies on List of '15 Hottest American Politicians Ever' Latest Country Music News Willie Nelson Is A Great Singer, Great Songwriter, Great Entertainer And (Who Knew?) A Great Magician Country Music (And Comedy) Legend Minnie Pearl On Stage At The Grand Ole Opry The Most Unusual Hit In Country Music Featured A Future Hall Of Famer…And His Seven Year Old Son Linda Ronstadt Shares Parkinson's Update Best of the Web


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Lauren Zimmerman
I'm the Digital Managing Editor for KLAQ, KISS-FM, and 600 ESPN El Paso, a southern woman, social media lover, Ole Miss Rebel, and Disney World fanatic. Tweet me- @LaurenZimmerman
We're rolling right along in our Make It Bigger TV contest. We just awarded the last of the Apple TV and now it's finally time to move onto the big, flatscreen TVs.
This morning Buzz tried to play an April Fools prank on El Paso involving the ballpark. Management got wind of it and cut it short. Then, in true Buzz fashion, he threw a fit and walked out. But, is it real?
A Florida woman was annoyed after being aggressively tailgated and decided to record the person behind her. The guy in the truck behind her eventually makes his way around her to flip her off, then immediately loses control of his truck and crashes.
Last night, we had the honor of previewing the concession food to be sold at Southwest University Park this season. After two hours of stuffing our faces, we can honestly say we're impressed!
We were very impressed with all the rockin' pups in the Rock Out Your Pup photo contest.
The train failed to stop as it reached the airport escalators and derailed, injuring more than 30 people.
It's time to put down your phone at the bar and, with the help of this new beer glass, it'll almost be a necessity.
The glass, designed with a notch in the bottom, will only sit level when resting on an iPhone
Texas Tech is hitting the road and coming to El Paso.
Watch the video here.
Looking for the ultimate rock playlist for April 2014? We've got you covered. The Pretty Reckless pull off a huge feat with a number one song, Heaven Knows. Five Finger Death Punch and Chevelle make the top 10
That's right! We just award the second prize in the Make It Bigger TV contest!
There's a really simple way to find your first tweet ever. Here's how.
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Bengals' Lewis disputes allegation of former player's ex-wife
CINCINNATI -- Mercedes Sands, the former wife of former Bengals safety Robert Sands, alleged in a New York Times article published Tuesday that when marital troubles began to turn into domestic violence in his rookie season of 2011 that the Bengals were more concerned with avoiding a disruption to the team than having her go to the police for help. Bengals head coach Marvin Lewis...
Via Fox Sports Ohio
4 days ago | Discuss
Battered Wives Say They Felt Trapped in NFL Culture
Mercedes Sands, who was married to Robert Sands, a former safety for the Cincinnati Bengals, and Brandie Underwood, who was married to Brandon Underwood, a former Green Bay Packers player, in an interview with the New York Times described the abusive relationship they had with their husbands and how they felt trapped. "In part because of each team's close-knit culture and a...
Via BlackSportsOnline
6 days ago | Discuss
NFL News & Rumors: Sunday 6/2
Bengals FS Robert Sands is questionable for the start of training camp. (Bengals.com) Bills RB C.J. Spiller expects more carries this season. (NFL.com) RE Mark Anderson still isn't 100 percent healthy. (ESPN Boston) Broncos NT Terrance Knighton will compete for a starting spot on the defensive line. (Mile High Sports ) Browns QB Jason Campbell has been working primarily...
Via NFL Trade Rumors
June 02, 2013 | Discuss
2013 NFL Draft Team Needs: Cincinnati Bengals Edition
The Cincinnati Bengals made next to no moves to bolster their roster with new talent on the open market, but the club did a rock-solid job of retaining its own players over the last three and a half weeks in 2013 NFL Free Agency. Let's examine the Bengals' updated team needs entering the 2013 NFL Draft (in no particular order). Photo Credit: Bengals.com [RELATED: Cincinnati...
Via Gridiron Grit
April 06, 2013 | Discuss
Bengals safety arrested for assaulting wife
In years past, the Cincinnati Bengals were known as an organization that harbored troubled players. It appears that reputation still holds true. Local 12 Cincinnati reports Bengals safety Robert Sands was arrested Friday morning after allegedly assaulting his wife at their home. The 23-year-old was charged with assault and domestic violence, and his wife was sent to the hospital...
Via Helmet2Helmet
January 05, 2013 | Discuss
How Mike Zimmer is fixing the secondary
When your car breaks down you often just replace what is broken. In the case of NFL defenses, teams often decide to start fresh by bringing in new coaches, players, and philosophies to stop losing games on defense. Mike Zimmer has brought a top ten defense to town in his tenure, but he is not stopping there. Last year's second half was evidence the secondary needed to improve...
Via 60 Max Power O
July 16, 2012 | Discuss
Bengals starting Taylor Mays at safety in OTAs
Once viewed as an elite prospect, Taylor Mays fell to the 2nd round in 2010, where he was drafted by the San Francisco 49ers. Many felt the 49ers got a steal with him there, but he turned out to be the exact opposite of a steal for them. Mike Singletary, his biggest backer, was fired after Mays' rookie year. Jim Harbaugh came in, decided he didn't like Mays and shipped him to...
Via The Football Fan Spot
June 06, 2012 | Discuss
2012 Free Agency: Titans May Have Interest In Reggie Nelson
The Bengals have a need at safety. That need could be growing if they cannot get a deal done with Reggie Nelson, who is amongst their top priorities to re-sign. According to Jim Wyatt, the Tennessee Titans beat writer for The Tennessean, The Titans may have interest in Nelson if they do not put the franchise tag on Michael Griffin. Wyatt includes in his tweet that Griffin and the...
Via 60 Max Power O
March 02, 2012 | Discuss
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text:
Obama launches research initiative to study human brain
2013 04 04
By Jeff Mason and Julie Steenhuysen |
The White House unveiled a sweeping new initiative on Tuesday to map the individual cells and circuits that make up the human brain, a project that will give scientists a better understanding of how a healthy brain works and how to devise better treatments for injuries and diseases of the brain.
"There is this enormous mystery waiting to be unlocked," said President Barack Obama of the ambitious project unveiled at a White House ceremony packed with scientists.
Called the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative, the program will be funded with an initial $100 million from the presidents fiscal 2014 budget, which the White House is slated to release next week.
Dr Francis Collins, director of the federally funded National Institutes of Health, likened the initiative to mapping the human genome, a $3.8 billion effort he helped to lead as former director of the National Human Genome Research Institute.
"The human brain is at the present time the most complicated organ in the known universe," Collins said in a conference call. "We aim through this ambitious - some would call it audacious - project, to try to unravel those mysteries."
Collins said the NIH plans to assemble a "dream team" of 15 scientists who will set the priorities for the research. Initially, scientists will try to learn the language of how the brain operates.
Ultimately, Collins said, the effort should allow researchers to understand such complex diseases as epilepsy, autism, schizophrenia, Alzheimers disease, traumatic brain injury and a long list of conditions "that collectively affect 100 million Americans and cost us $500 billion each year in terms of healthcare costs."
Collins conceded that the initial investment of $100 million in the first year is just a start for this project, which likely will take many years to bear fruit. But he noted that the Human Genome Project started off with a $28 million investment.
"Even if you throw in an inflation factor, its a pretty good start," said Collins, who noted that NIH spends a total of $5.5 billion for all of its neuroscience research efforts.
Of course, there is no guarantee that the Democratic president, who is in a standoff with Republican lawmakers over how to reduce the U.S. deficit, will be able to get a $100 million proposal through a highly divided Congress. But the president said that investment in areas such as education and development should be critical even as spending cuts are needed to address the countrys fiscal woes.
"We cant afford to miss these opportunities while the rest of the world races ahead. We have to seize them. I dont want the next job-creating discoveries to happen in China or India or Germany. I want them to happen right here," Obama said.
Although the funding requires congressional approval, agencies have some discretion to start working on the program ahead of time, a White House spokesman said.
The main thrust of the BRAIN Initiative "is to be able to study the brain at a large scale to see how lots of neurons work together to produce high-level functions like learning, memory and creativity," said neuroscientist John Donoghue of Brown University. Todays brain imaging, such as functional magnetic resonance imaging or fMRI, "cant see the activity of individual neurons," he said: "its like reading the newspaper at two arms length."
But by monitoring activity in individual neurons, researchers hope to see, for instance, "how the brain produces language, including how the visual cortex interacts with speech and language areas so you can read a word, speak it and understand it. Its a big network of neurons all communicating with each other," Donoghue said.
"But because we dont currently have the tools for this, the first step will be to develop them. That will involve, for instance, bringing in neuro-engineers to figure out how we can take advantage of advances in wireless technology" to place multiple probes in the brain to measure activity at the level of individual neurons, he said.
Read the full article at:
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text:
Waikato on level 2 water alert
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Water restrictions have been tightened in Hamilton City, Waikato District and Waipa Districts as areas in Waikato move to water alert level 2.
A prolonged spell of dry warm weather and an increase in average temperatures has prompted the councils to increase the alert level to level 2 from today.
Sprinklers can only be used on alternate days between 6am and 8am and between 6pm and 8pm but hand-held watering was allowed anytime.
Residents with a even numbered street address can water during the permitted hours on even dates of the month only and residents with odd numbered street addresses on odd days.
Despite showers Hamilton City waters manager Andrew Parsons said a sustained increase in water consumption prompted the move to Level 2.
"When making the decision to increase our water alert levels we take a number of factors into consideration including increased temperatures, rain forecasts as well as our infrastructure's ability to treat and distribute water.
"Waipa's water services manager Lorraine Kendrick said council would take a cautious approach over the long-term."
Although the ten day weather forecast is for rain it's likely we'll only get light showers and that provides short term relief,'' she said.
''We would need sustained rainfall over a period of days to alleviate our long-term concerns."
Waikato District Council Chief Executive, Gavin Ion said residents and business owners had a responsibility to conserve water. "Business owners can apply similar rules from home to their businesses such as half flush the toilet not full, or washing the tea dishes by hand in small amounts of water."
The water alert levels is a joint venture between Hamilton City Council, Waikato District Council and Waipa District Council.
Last year's drought conditions prompted the government to declare a drought and stretched the regions water alert level to 3.
Commercial and non-residential properties can continue to use water outside the permitted times.
- Waikato
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