Next Articles

Home » Health » Currently Reading:

Knowing he was on a yellow card all the German international had to do was jockey the ball instead

June 19, 2010 Health No Comments

Knowing he was on a yellow card, all the German international had to do was jockey the ball, instead he launched himself into a tackle he was never going to win. A deserved red card, and a big let down for his team.City then added a fourth as Wright-Phillips found the rampant Bellamy unmarked in the box and the Welsh striker stroked the ball home to make it 4-1.Frank Lampard did manage to find the net through a penalty to reduce the deficit, but it was litlle more than a consolation goal.All talk of Mancini facing a dressing roomuprising will be put to bed this week, but the Italian’s job still rides on City finishing fourth.For Chelsea this game is a watershed moment. Carlo Ancellotti will be forced to call a team meeting on Monday and certain players could be forced to face a few home truths.Since his affair scandal hit the newspapers John Terry’s form has been abysmal, and the Blues captain is one of the worst offenders in this currentdownward slide.Yuri Zhirkov needs to be fast tracked off the treatment table and Alex now deserves a chance at centre half more than ever. There is nothing that can be done about Cech’s injury, so Ancellotti will have to make do with Hilario over the next month. But the odds of winning all three trophies have lengthened considerably.The invention of Deco and the resistance of Essien are both badly missed, and it is a damning statistic that only Lampard has really contributed anything from midfield this season.Luckily for Ancellotti and Chelsea they have no Premier League match next weekend, and certain players could be rested or dropped to give them the symbolic kick in the behind they need.The Blues season is now threatening to implode, and it has very little to do with matters on the pitch.The first real test of Carlo Ancellotti’s Chelsea career. This article was also published at Premier League Report  . land operations was $192,930,000 for thisyear’s second fiscal quarter, compared with $143,740,000 for last year’ssecond fiscal quarter and $194,048,000 for this year’s first fiscal quarter. land segment had 120 rigscontracted and 83 rigs idle and available by the end of the second fiscalquarter, and approximately 104 rigs contracted and 101 rigs idle and availableas of April 30, 2009.Since the beginning of fiscal 2009, the Company has received early terminationnotices relating to a cumulative total of 35 active new build FlexRigs(R)*with long-term contracts in the Company’s U.S.

land segment.Of these 35FlexRigs, 28 were idle by the end of the second fiscal quarter, and theremaining seven are expected to be released during the third fiscal quarter. All 35 early terminated new builds had been deployed to the field beforefiscal 2008.Income from revenue related to early termination fees andpenalties in the U.S. land segment totaled slightly over $81 million in thesecond fiscal quarter, including approximately $20 million which would havebeen earned during the quarter regardless of early terminations.Additionalrevenues of approximately $75 million corresponding to new build earlyterminations are expected to be recognized after the second fiscal quarter. landsegment, approximately 42% of the Company’s potential revenue days for theremainder of fiscal 2009 remain committed to work for customers under termcontracts, and approximately 37% remain committed during fiscal 2010.President and C.E.O. Hans Helmerich commented, “It is clear now that theenergy industry is suffering the worst cyclical downturn since 1981.The rigcount has fallen by more than half in response to dramatic customer spendingreductions.The Company entered the downturn with the highest percentage ofcontractual protection in our history.We are well positioned to navigate thechallenging market environment that has caught most of us by surprise. The Company has determined that, as of the beginning of the second fiscalquarter of 2009, collectability of revenue is not reasonably assured inVenezuela, primarily due to the uncertainty in the timing of collectability.

As a result, revenue will be recorded as cash is collected.The Companycontinues efforts to collect accounts receivable and unrecorded revenue. Since the Company’s last quarterly earnings release on January 29, 2009, theCompany has collected approximately $8 million (U.S. currency equivalent) fromPDVSA.As of today, the total invoiced amount by the Company that remainspending payment from PDVSA is approximately $116 million (U.S. currencyequivalent, including $66 million in accounts receivable, an estimated $43million in unrecorded revenue and about $7 million in other non-revenuebillings).Seven H&P rigs that formerly worked for PDVSA and that havecompleted their contract obligations are currently either stacked or in theprocess of rigging down.The remaining four rigs continue to work for PDVSA,all of which are now expected to complete their contract obligations withinthe next four months.Helmerich & Payne, Inc. is primarily a contract drilling company.As of April30, 2009, the Company’s existing fleet included 205 U.S.

Comment on this Article:

You must be logged in to post a comment.

Related Articles: