Tag Archives: Pacific Basin

Strong earthquake strikes near Papua New Guinea

A powerful earthquake has struck near Papua New Guinea.

The United States Geological Survey said the shallow magnitude-6.8 earthquake struck Wednesday morning about 19 kilometers (11 miles) from the small northern town of Aitape.

The Pacific Tsunami Warning Center did not immediately issue any alerts.

Papua New Guinea is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

From: http://feeds.foxnews.com/~r/foxnews/national/~3/ioB6PKYzsVQ/

7.1 magnitude earthquake hits Indonesia

A powerful 7.1 magnitude earthquake hit a remote part of eastern Indonesia on Saturday, causing residents to run outside in panic, but there were no immediate reports of damage or injuries, an official said.

The temblor struck about 75 kilometers (47 miles) underground in Papua province, according to U.S. Geological Survey. It occurred in a mountainous area, about 56 kilometers (35 miles) northeast of Tolikara, said Ali Imran, an official at the Meteorology and Geophysics Agency in Jakarta. There was no tsunami warning issued due to its location, he added.

“The quake very strong. It scared us … my wife was screaming, my children were crying,” said Yosef Roa of Tolikara, adding there was no damage around his neighborhood where most houses are simple and made of wood in the traditional style.

The quake was felt across many parts of Papua, including the capital, Jayapura, and the copper town of Timika and Wamena, another town in the mountains, Imran said. Residents ran from their houses, and many remained outside fearing aftershocks.

Indonesia is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

…read more

Source: FULL ARTICLE at Fox US News

7.1 magnitude earthquake strikes eastern Indonesia

A powerful 7.1 magnitude earthquake hit a remote part of eastern Indonesia on Saturday, causing residents to run outside in panic, but there were no immediate reports of damage or injuries, an official said.

The temblor struck about 47 miles underground in Papua province, according to U.S. Geological Survey. It occurred in a mountainous area, about 35 miles northeast of Tolikara, said Ali Imran, an official at the Meteorology and Geophysics Agency in Jakarta. There was no tsunami warning issued due to its location, he added.

“The quake very strong. It scared us … my wife was screaming, my children were crying,” said Yosef Roa of Tolikara, adding there was no damage around his neighborhood where most houses are simple and made of wood in the traditional style.

The quake was felt across many parts of Papua, including the capital, Jayapura, and the copper town of Timika and Wamena, another town in the mountains, Imran said. Residents ran from their houses, and many remained outside fearing aftershocks.

Indonesia is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

…read more

Source: FULL ARTICLE at Fox World News

Arrow Approves Funding Plans From LOGX Capital

By Business Wirevia The Motley Fool

Filed under:

Arrow Approves Funding Plans From LOGX Capital

NEW YORK–(BUSINESS WIRE)– The Board of Directors has approved a funding package presented by the LOGX Capital Group, LTD of Hong Kong to fully implement it’s business plan to develop sustainable plantations as well as to build two ethanol plants in Indonesia. LOGX Capital Group, LTD is the lead equity investor utilizing international funding programs for large scale infrastructure projects in developing countries. The proposed package is sufficient to completely develop all plantation operations, the ethanol plants (with capacity of one million liters per day each) and to meet all the Company’s current and future obligations of this program. The Company anticipates completion of the financing within 30-45 days subject to completion of all multi-party agreements.

About Arrow Resources Development, Inc.

Arrow Resources Development, Inc. develops and coordinates corporate operations, finance, sales and marketing activities along with the administration of the corporate citizenship programs for natural resource development companies in the Asian market. Its initial relationship with Arrow Pacific Resources Group Limited (BVI Company) is for the development of large scale plantation/farming operations and Ethanol plants in Indonesia and the Pacific Basin. Arrow’s agreements entitle the Company to 10% of all gross revenue generated by all their partners’ plantation/farming including any and all sales of natural resources and derivative products. For more information about the company, please visit their website at www.arrowrd.com.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.

Arrow Resources Development, Inc.
Peter Frugone, 212-247-4447
Investor Relations
info@arrowrd.com

KEYWORDS:   United States  Asia Pacific  North America  New York  Hong Kong

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Source: FULL ARTICLE at DailyFinance

Quake off Indonesia causes panic in East Timor

An undersea earthquake has rocked eastern Indonesia, causing panic among residents in neighboring East Timor. There were no immediate reports of injuries or damage.

The U.S. Geological Survey says the magnitude-5.7 quake that struck Saturday evening was centered 202 kilometers (126 miles) east of East Timor‘s capital, Dili, at a depth of 35 kilometers (22 miles).

Witnesses in Dili say residents ran out of their houses in panic, with many staying outside in fear of aftershocks.

Indonesia‘s Meteorology and Geophysics Agency put the quake’s magnitude at 6.2 with a depth of 10 kilometers (6 miles).

Indonesia and East Timor are prone to seismic upheaval due to their location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

…read more
Source: FULL ARTICLE at Fox US News