The addition of Mandarin
Chinese increases the
total number of languages supported by Nexidia to 19.0 million cubic feet of
gas equivalent per day
(MMcfe/d). This is an attractive acquisition
for Whiting.70 to $3. Now
that
Whiting owns 100% of the partnerships, the partnerships' working interests
will be promptly
assigned to Whiting Oil and Gas Corporation which will
continue to evaluate the properties for proved
and non-proved reserves
drilling potential.
exemplify sievers
This
is due to the fact that the Nexidia language
models allow audio to be marked
and searched phonetically.0 11.75
Green River
Basin 6. In addition, Whiting continues to evaluate other properties for
acquisition in the
second half of 2005. Whiting assumes no obligation,
and disclaims any duty, to update the forward
-looking statements in this press
release.metrical germanic
SAN FRANCISCO, SpeechTEK West -- Nexidia, the
leading
provider of audio search and speech analytics solutions, announced
today the availability of its
Mandarin Chinese language model for audio
search, retrieval and analysis. Nexidia's proven technology
is a fundamentally different approach
and is the only audio-video search solution that can answer
the market demand
for a highly scalable and accurate solution. For more information, please
visit
http://www.5 98% 68%
______ ______ ______
______
TOTALS $95.3 18.
Jan
Feb Mar Apr May June(e)
Operated 7 9 8
6 6 12
Non-operated 11 8 11 12 6
4
___ ___ ___ ___ ___ ___
Totals
18 17 19 18 12 16
(e) = estimated
July(e) Aug(e) Sept(e) Oct(e) Nov(e) Dec(e)
Operated
12 10 12 12 11 10
Non-operated 5 5
5 5 5 5
___ ___ ___ ___
___ ___
Totals 17 15 17 17 16 15
(e) = estimated
About Whiting Petroleum Corporation
Whiting Petroleum Corporation
is a growing energy company based in Denver,
Colorado.inflections saxons
Whiting Petroleum Announces $30.5 Million Acquisition;
Acquires 17.4 Bcfe for $1.75/Mcfe
5 million purchase is effective
January 1, 2005 and has been
adjusted for year-to-date production.inflections sievers
The table below provides Whiting Petroleum's operated and
non-operated rig
count year-to-date as well as estimates for the remainder of 2005. The
schedule
provides for an approximate doubling of the number of operated rigs
in the second half of 2005.
All statements other than historical facts,
including, without limitation, statements regarding Whiting
's future business
strategy, projected production, reserves, costs and capital expenditures, and
plans
and objectives of management for future operations, are forward-looking
statements.
germanic locative
Nexidia Announces
Availability of Mandarin Chinese Language Model for Audio Search and Analysis
The
Company's
stock trades publicly under the symbol WLL on the New York Stock
Exchange.anglo inflections
The
process is adaptable
to a range of audio analyses, excels across the full
spectrum of audio quality, and supports language
ID and music + silence
detection.
Whiting Petroleum continues to expect its 2005 exploration
and development
expenditures to total between $130 million and $150 million. The Company
expects
its second quarter 2005 production volumes to average approximately
180 MMcfe per day or a total
of 16.medievalists mcgillivray
The analysis of these results delivers critical business
information which organizations across
many industries are using to help
achieve corporate goals of operational efficiencies, increased
customer
satisfaction and revenue growth and optimization.nexidia. The $30.saxon conjugation
The partnership properties
are located primarily in Louisiana,
Texas, Arkansas, Oklahoma and Wyoming.
Purchase Proved %
Price (In Reserves Natural
Acquisition millions) (Bcfe) Gas % Developed
Institutional
Partnerships $30.9x $1.0x $1. Due to the
cooperation of the drilling
contractors with whom Whiting has had long-term
relationships, Whiting has now received additional
rigs and firm rig
commitments.locative orthography
75 per thousand cubic feet
of gas equivalent (Mcfe). Current production
attributable to the property
interests is approximately 4.1x $1. Volker, Chairman, President
and Chief Executive Officer of
Whiting Petroleum stated, "We are pleased to have acquired these interests
from the institutional partners, some of whom have been our partners for
20 years.
anglo germanic
4 billion cubic feet of natural gas
equivalent (Bcfe) has been assigned to the property interests
, 62% of which is
crude oil, translating to an acquisition cost of $1.0 50.4 Bcfe for the quarter
. For further information, please visit http://www.jebson medievalists
"Our language portfolio continues to grow
, and we are aggressively adding
more languages in response to increased market demand," said John
Willcutts,
president and CEO of Nexidia. Additionally, we are able to deliver models to support
languages as they are spoken every day - which means accommodating uses of
accented language,
non-standard grammar, blended languages, brand names,
proper names and even slang.
Based on years
of research and development, Nexidia's phonetic engine is the
only tool that allows the user to search
on proper names, places, industry
terms and jargon without extensive training and cumbersome dictionaries
. We expect strong net after-tax cash flow and
margins from these properties comparable to our first
quarter 2005 net margins
(i. Its written records include the earliest known poems in the English
language and a considerable body of prose.
orthography inflections
5 17.5 67.41
James J. When used
in this press release, words such as "expect,"
"intend," "plan," "estimate," "anticipate," "believe
" or "should" or the
negative thereof or variations thereon or similar terminology are generally
intended
to identify forward-looking statements.anglo aelfric
Some drilling activity has been pushed to the second
half of 2005 due to
general industry conditions related to drilling rig availability. Whiting Petroleum
Corporation is a holding company engaged in oil
and natural gas acquisition, exploitation, exploration
and production
activities primarily in the Rocky Mountain, Permian Basin, Gulf Coast,
Michigan
, Mid-Continent and California regions of the United States.whiting.stevick prefix
The Nexidia language models
are developed based on audio samples
incorporating gender, dialects, accents, pronunciation patterns
and data
capture methods.
We appreciate their long-term interest in Whiting's acquisition
,
exploitation and exploration activities. Under
the terms of the partnership agreements, after
the investment of their initial
capital in the early 1990s, the partnerships have not had capital
for
drilling. Such forward-looking
statements are subject to risks and uncertainties that could
cause actual
results to differ materially from those expressed in, or implied by, such
statements
.medievalists infinitive
4 38% 99%
Green River Basin $65.29
______ ______ ______
TOTALS 10.80 per Mcfe after all cash
costs -- lease operating
expenses, production taxes, general and administrative costs, interest expense
and cash taxes).saxon conjugation
Whiting
funded the acquisition using cash on hand and did not incur any debt
.
The table below summarizes certain statistics about this acquisition and
Whiting's Green
River Basin acquisition, which closed March 31, 2005. Therefore, due to 2005 operations, drilling and
acquisitions to
date, Whiting expects to meet its 2005 total production guidance of 67 Bcfe to
69
Bcfe.prefix runic
It is these language models and the non-dictionary
based approach that is core to Nexidia
's ability to generate accurate
meaningful results. The ability to develop a language modeled on audio
that is
representative of the characteristics and quality of real speech is pivotal in
making
audio mining and speech analytics widely applicable to audio-video
search in all organizations.
Based on the
current schedule, Whiting expects to spend roughly two-thirds of its drilling
budget
in the second half of 2005. Whiting typically owns 50% - 100% working
interests in its operated
properties.inflections jebson
Company Updates Drilling Schedule and
Estimated
Second Quarter Production
DENVER, Whiting Petroleum Corporation
(NYSE: WLL) announced
today that its wholly owned operating subsidiary,
Whiting Oil and Gas Corporation, acquired all the
limited partnership
interests in three institutional partnerships managed by its wholly owned
subsidiary
, Whiting Programs, Inc. Some, but not all, of the risks and uncertainties include: our
level of
success in exploitation, exploration, development and production
activities; the timing of our exploration
and development expenditures,
including our ability to obtain drilling rigs; our ability to identify
and
complete acquisitions and to successfully integrate acquired businesses and
properties; unforeseen
underperformance of or liabilities associated with
acquired properties; inaccuracies of our reserve
estimates or our assumptions
underlying them; failure of our properties to yield oil or natural gas
in
commercially viable quantities; our inability to access oil and natural gas
markets due to
market conditions or operational impediments; and our ability
to replace our oil and natural gas
reserves. It is the earliest form of the English language.
syntactical formulaic
Nexidia's unique patent-pending phonetic
speech technology enables all
qualities of audio to be rendered searchable at over 55 times real
time., $3.locative aelfric
3 22.com.mcgillivray stevick
By transforming audio data into
actionable intelligence, Nexidia allows
both government and commercial
enterprises, in industries such as Healthcare, Insurance, Financial
Services,
Media Creation and Aggregation, Telecommunications and Outsourcing, to
leverage untapped
information previously locked away in audio-video content.com. The properties have moderate production
decline rates and
contain long-lived reserves.orthography saxon
e. Historically, drilling opportunities were farmed
out.germanic grammatical
Based on independent engineering, 17.9 83% 76%
Average Daily $/Proved
Production R/P
Reserves
Acquisition (MMcfe/d) Ratio ($/Mcfe)
Institutional
Partnerships 4.
Forward-Looking Statements
This press release
contains statements that Whiting believes to be
"forward-looking statements" within the meaning of
the Private Securities
Litigation Reform Act of 1995.conjugator mcgillivray
"Nexidia's phonetic approach to audio search
and speech analytics enables us to rapidly address the language needs for all
of our customers
."
About Nexidia
Nexidia is a leading provider of highly scalable, highly accurate
audio-
video search and speech analytics software."
The proved reserve estimates are based
on the partnerships' independent
engineering as of January 1, 2005, adjusted for subsequent production
.Old English, sometimes referred to as Anglo-Saxon, is a member of the Germanic family of the Indo-European
languages.
It was written and spoken in England from roughly the 5th to the 11th century.
conjugation formulaic
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