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Continental plans to move a second operated rig from SCOOP into the STACK play later this quarter and expects to spud another five to six STACK wells by year end.
Pacific Continental plans to pay 10 cents per share dividend
Continental plans to reconstruct and expand its global data communications network under a frame agreement with Nortel Networks (NYSE:NT)(TSX:NT) announced today.
Continental plans to launch a food-for-sale program that mirrors what other carriers are already doing.
Continental plans to use LiveTV to bring Internet access and satellite TV to its domestic flights beginning in early 2009.
Continental plans to utilize the funds raised under the financing agreement as working capital for its oil and gas exploration and development operations on its existing properties as well as for general purpose working capital.
Continental plans to maintain approximately 12 operated rigs in SCOOP through year end based on current market conditions.
Continental plans to reduce domestic mainline capacity by 5 percent and to take another 14 single-aisle Boeing 737-300 aircraft out of service as leases expire beginning in September.
By the end of May, Continental plans to have added Barcelona and Copenhagen to the list of transatlantic destinations from its hub at Newark Liberty International Airport.
McNamee added that Continental plans to continue to market EPS' existing panel finishing services aggressively, while using the anticipated cash flow from operations to offset some of the costs of the quick-turn expansion start up.
Pacific Continental plans to release its first-quarter earnings on April 16.