Cambrex Corp. (CBM)

[Money $hot]

CBM

[whytestocks]

News: $CBM ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Cambrex Corporation

NEW YORK , Aug. 7, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Cambrex Corporation (NYSE: CBM) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by an affiliate of the Permira funds. Stockhold...

Find out more ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Cambrex Corporation

[whytestocks]

News: $CBM Cambrex Cancels Second Quarter Earnings Conference Call and Will Not Update Financial Guidance

EAST RUTHERFORD, N.J., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, today announced that it will not hold a second quarter 2019 earnings ...

In case you are interested Cambrex Cancels Second Quarter Earnings Conference Call and Will Not Update Financial Guidance

[whytestocks]

News: $CBM Cambrex Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Cambrex Corporation is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – CBM

NEW YORK, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cambrex Corporation   (NYSE: CBM) to an affiliate of the Permira funds (“Permira”) for $60.00 per share is fair to Cambrex shareholders. O...

Read the whole news Cambrex Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Cambrex Corporation is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – CBM

[whytestocks]

News: $CBM Cambrex (CBM) Stock Rockets On Acquisition News

Cambrex Corporation (NYSE: CBM) is making a run in the market this morning, trading on gains of more than 47% early on. The gains come after the co...

Read the whole news Cambrex (CBM) Stock Rockets On Acquisition News

[whytestocks]

News: $CBM Cambrex (CBM) Alert: Johnson Fistel Investigates Proposed Sale of Cambrex Corporation; Is $60 a Fair Price?

SAN DIEGO , Aug. 7, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cambrex Corporation (NYSE: CBM) ("Cambrex") breached their fiduciary duties in connection with the proposed sale of the Company to ...

In case you are interested Cambrex (CBM) Alert: Johnson Fistel Investigates Proposed Sale of Cambrex Corporation; Is $60 a Fair Price?

[whytestocks]

News: $CBM Cambrex to be Acquired by the Permira Funds for $60.00 per Share in Cash

EAST RUTHERFORD, N.J., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, announced today that it has signed a definitive agreement to be acqui...

Read the whole news Cambrex to be Acquired by the Permira Funds for $60.00 per Share in Cash

[ValueInvestor15]

Cambrex Corp $CBM valuation models show nice upside w/ earnings expected tomorrow: Analysis

[Lone Clone]

I am overstretched for time as it is. I've been wrong before and I'll be wrong again. I figure anything over 50% is doing pretty well, as I am not an ideologue.

My last comment -- compare life in Somalia with life in Somaliland. They are neighbours, but one has a functioning government and one does not. Pick your fave.

[CPTMatt]

OT - LC if you'd like to discuss moving to Somalia more in depth I invite you to join me over at the politics board.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124340231

By the way you are wrong

[stocktrademan]

$CBM recent news/filings

bullish

## source: finance.yahoo.com

Thu, 02 Apr 2015 22:09:41 GMT ~ NYSE stocks posting largest percentage increases

[AP] - A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.: Herbalife Ltd. rose 9.7 percent to $36.46. Travel Centers of America LLC rose 8.3 percent to $14.51. Pandora Media Inc. ...

read full: http://sg.finance.yahoo.com/news/nyse-stocks-posting-largest-percentage-175507059--finance.html
*********************************************************

Thu, 02 Apr 2015 20:58:08 GMT ~ The Medicines Co. Settles Angiomax Patent Dispute with Sun - Analyst Blog


read full: http://finance.yahoo.com/news/medicines-co-settles-angiomax-patent-205808163.html
*********************************************************

Thu, 02 Apr 2015 17:34:00 GMT ~ Stock Indexes Post Gains, But Volume Is Light


read full: http://news.investors.com/040215-746270-how-are-stocks-doing.htm?ven=yahoocp&src=aurlled&ven=yahoo
*********************************************************

Thu, 02 Apr 2015 16:01:00 GMT ~ Stocks Mildly Higher, And CarMax Hits Accelerator


read full: http://news.investors.com/040215-746245-stock-market-today-higher.htm?ven=yahoocp&src=aurlled&ven=yahoo
*********************************************************

Wed, 01 Apr 2015 21:14:09 GMT ~ Can Qiagen Continue to Grow in Molecular Diagnostics Space? - Analyst Blog


read full: http://finance.yahoo.com/news/qiagen-continue-grow-molecular-diagnostics-211409794.html
*********************************************************

$CBM charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$CBM company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CBM/company-info
Ticker: $CBM
OTC Market Place: Not Available
CIK code: 0000820081
Company name: Cambrex Corp.
Company website: http://www.cambrex.com
Incorporated In: DE, USA

$CBM share structure

## source: otcmarkets.com

Market Value: $1,262,902,207 a/o Apr 02, 2015
Shares Outstanding: 31,098,306 a/o Jan 30, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.1

$CBM extra dd links

Company name: Cambrex Corp.
Company website: http://www.cambrex.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CBM/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CBM/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CBM+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CBM+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CBM+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CBM/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/news - http://finance.yahoo.com/q/h?s=CBM+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CBM/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CBM/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CBM/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CBM/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CBM/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CBM/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CBM/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CBM+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CBM
DTCC (dtcc.com): http://search2.dtcc.com/?q=Cambrex+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Cambrex+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Cambrex+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.cambrex.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.cambrex.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.cambrex.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CBM/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CBM
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CBM/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CBM/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CBM/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000820081&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CBM/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CBM/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CBM&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CBM
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CBM+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CBM+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CBM
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CBM
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CBM+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CBM/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CBM+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CBM.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CBM
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CBM/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CBM/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CBM/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CBM/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CBM
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CBM
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CBM:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CBM
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CBM



$CBM DD Notes ~ http://www.ddnotesmaker.com/CBM

[pj McMulligan]

Very strong Friday close on CBM after gapping up this morning B-)~ (I doubled my long position today)

[Penny Roger$]

~ $CBM ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CBM ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CBM&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CBM&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/CBM?
~ OTC Markets: http://www.otcmarkets.com/stock/CBM/company-info
~ Google Finance: http://www.google.com/finance?q=CBM
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CBM#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CBM+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CBM
Finviz: http://finviz.com/quote.ashx?t=CBM
~ BusyStock: http://busystock.com/i.php?s=CBM&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CBM&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CBM
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CBM
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CBM
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=CBM
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CBM
~ MarketWatch: http://www.marketwatch.com/investing/stock/CBM/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CBM
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CBM
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CBM&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CBM&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CBM&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[nofreelix]

clean coal tech makin its move goin up climb aboard cctc check it out

[Lone Clone]

Blue Energy gains momentum with Kanaka 1 Well results
by Proactive Investors

http://www.proactiveinvestors.com.au/companies/news/3730/blue-energy-gains-momentum-with-kanaka-1-well-results-3730.html

Blue Energy (ASX: BUL) received a confidence booster with news that Kanaka 1 - the second well of the Company’s extensive 11-well Galilee Basin exploration program in ATP 813P - had intersected and cored over 25m of gaseous coal containing up to 3.1 m3/t raw value gas in the Betts Creek Formation.

This is consistent with reported results from nearby operators and confirms Blue Energy’s probabilistically determined original gas in place estimate of approximately 15TCF (P50) announced in 2008.

Results from Kanaka 1, which has reached a depth of 1,189m on the western side of ATP 813P, are consistent with the initial estimate.

Kanaka 1 is the first in a 10 well corehole program to be conducted by Blue Energy in ATP813P to investigate the Coal Seam Gas (CSG) potential of the Permian aged Betts Creek Beds and Aramac Coal Measures.

The well is located approximately 30 km northwest of the township of Aramac in Central Queensland.

Blue Energy chairman Peter Cockcroft said the results from Kanaka 1 had provided increased confidence about the lateral extent of the Betts Creek coals, as they had now been correlated in the two wells some 70km apart.

“Our remaining nine exploration wells will aim to further substantiate our resource estimate over the next few months, which, if successful, will have the capacity to underpin the economics of a Liquefied Natural Gas (LNG) export development,” Mr Cockcroft said.

“Due to the depositional nature of these coals, we are hopeful that other Coal Seam Gas (CSG) operators in the Galilee Basin will record similar results, which will enhance the development of a large natural gas program from the Galilee Basin.”

Mr Cockcroft said Blue Energy was differentiated from other Coal Seam Gas companies by having Korea Gas Corporation (KOGAS) as a strategic shareholder.

“KOGAS is the first large LNG buyer to take an active position in Queensland‘s CSG sector and having them as a shareholder enhances Blue Energy’s ability to develop, transport and sell gas from the Galilee Basin if we are successful,” he said.

Mr Cockcroft said that the Kanaka #1 results represented an extremely positive step in an extensive exploration effort by Blue Energy and other Galilee Basin operators which hopefully will lead to an impressive resource base.

[Lone Clone]

Admiral Bay Reports Signing $5.75 Million Farmout Deal in Kansas
Wed Jul 1, 1:14 PM

http://ca.news.finance.yahoo.com/s/01072009/28/link-f-ccnmatthews-admiral-bay-reports-signing-5-75-million-farmout.html

CENTENNIAL, COLORADO--(Marketwire - July 1, 2009) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to report it has signed a farmout agreement with Euramerica Energy Inc. of Brescia, Italy to drill 25 wells in 2009 and 25 wells in 2010 in the Thayer and Mound Valley projects for a total commitment of $5.75 million. Euramerica will pay all the costs of drilling and completing the wells for a turnkey fee. Upon connection to the pipeline, the Company will retain a 20% working interest and be operator and Euramerica will earn an 80% working interest in each well. Euramerica earns only the wellbore and associated spaced land for each well it funds. Assuming average gross gas reserves of 150 mmcf per well as based on the Company's 2008 reserve report, the 20% carried interest would add 1.5 bcf to Admiral Bay's proved producing reserves for the wells drilled under the farmout. In addition, up to 50 proved undeveloped locations could be added to Admiral Bay's reserve base or up to 7.5 bcf depending on the locations agreed upon, all at no cost to the Company. The Company expects drilling to commence within 60 days once Euramerica has completed its funding. The location of the wells is to be determined by the Company and Euramerica.

President and CEO Steven Tedesco commented "This deal allows us, on a carried basis, to grow production and continue to prove up additional reserves in this difficult financial environment without incurring additional debt. This deal along with our recently announced acquisition of the Thayer project show our commitment to growth during this down cycle in the natural gas business so that we are well positioned when the price environment turns in the future. The level of commitment by Euramerica shows the quality of our asset base and we look forward to working with them to increase production, cashflow and proved reserves."

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
[e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
[e-mail]
www.admiralbay.com

[Lone Clone]

Admiral Bay Reports Record Production for Third Quarter 2009
Tue Jun 30, 10:42 AM

http://ca.news.finance.yahoo.com/s/30062009/28/link-f-ccnmatthews-admiral-bay-reports-record-production-third-quarter-2009.html

CENTENNIAL, COLORADO--(Marketwire - June 30, 2009) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to report record production for the second quarter ended April 30th, 2009. Average daily production (before royalty) was 3,516 MCFEPD, a 37% increase over 3rd quarter of 2008 and 2% increase over the 2nd quarter of 2009. Production costs, excluding the Thayer acquisition completed at the end of the quarter, were $2.40/mcf, a decrease of 10% when compared to Q3 2008 and G&A expense was $1.22/mcf, a decrease of 31% from Q3 2008. Revenues (before royalties and hedging impact) were $0.9 million, a decrease of 50% year over year due to a 64% decrease in natural gas prices partially offset by the increase in production volumes. Including the impact of hedging, revenues were $1.4 million or a 23% decrease from the prior year. Earnings for the quarter were a loss of ($ 2.2 million) versus ($ 2.5 million) in the prior period.

President and CEO Steven Tedesco commented "Despite the sharp reduction in natural gas prices, we have been able to grow production while reducing overall costs in response to these challenging times. We are continuing to grow the Company as evidenced by the recent acquisition of the Thayer project in Kansas that will allow us to show further growth in production going forward while we continue to aggressively lower costs in all our project areas and corporately. We continue to look for additional ways to take advantage of the current environment to grow the Company while improving our cost structure and liquidity".

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
[e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
[e-mail]
www.admiralbay.com

[Lone Clone]

Admiral Bay Resources Announces Acquisition of Additional Interest in the Thayer Project in Kansas
Mon May 11, 11:00 AM

http://ca.news.finance.yahoo.com/s/11052009/28/link-f-ccnmatthews-admiral-bay-resources-announces-acquisition-additional-interest-thayer.html

CENTENNIAL, COLORADO--(Marketwire - May 11, 2009) - Admiral Bay Resources, Inc. (TSX VENTURE: ADB.V) announces today it has acquired 280 net acres and three wells adjacent to its Thayer Project for $100,000 (US) from a third party. The wells presently sell into the Thayer gathering system and are capable of producing over 80 MMCFGPD and have one proven undeveloped drilling location based on Company estimates.

Related to its previously announced acquisition of the Thayer Project, the Company has entered into a swap agreement for 60 MMCFG per month with a $5.107 swap price at the Southern Star index beginning June 2009 thru December 2010. The Company also sold calls on 60 MMCFG per month at $8.00 NYMEX from January 2011 thru April 2012. These new hedges combined with the Company's existing costless collar for 60 MMCFG per month with a $5.50 floor and $9.00 ceiling at the Southern Star index that run thru March 2010 cover over 80% of the Company's gross sales proforma for the Thayer Project acquisition and provide a stabilizing effect to the Company's near-term cash flow at prices well in excess of the current spot prices in its market area.

In addition, the company has reduced salaries for all field staff and middle management by 10% and senior management by 20% until the market fundamentals improve.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
[e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
[e-mail]

[Lone Clone]

Admiral Bay Resources Acquires Cherokee Basin Assets, Arranges Common Stock Offering and Updates Activity in the Appalachian Basin and Marcellus Shale
Mon May 4, 9:39 AM

http://ca.news.finance.yahoo.com/s/04052009/28/link-f-ccnmatthews-admiral-bay-resources-acquires-cherokee-basin-assets-arranges.html

CENTENNIAL, COLORADO--(Marketwire - May 4, 2009) - Admiral Bay Resources, Inc. (TSX VENTURE: ADB.V) announced today it has acquired additional producing natural gas assets in the Kansas Cherokee Basin from an undisclosed private seller for approximately $2.0 million (US). Based on available data and Admiral Bay analysis, the assets currently have gross sales of approximately 1.2 million cubic feet of gas per day (mmcf/d) and contain proved reserves of approximately 8.3 billion cubic feet of natural gas. Located in Wilson and Neosho counties, the Thayer (Neodesha) assets are centrally located among existing Admiral Bay operations.

Admiral Bay paid approximately $0.25 per proved thousand cubic feet (mcf) of natural gas reserves and approximately $1,900 per daily producing mcf. In addition to existing production, Admiral Bay believes there are opportunities to enhance existing production through low-cost workovers and improvements to the gathering system and field compression, providing an opportunity to return production to 1.6-1.8 mmcf/d, levels realized prior to the ownership of the assets which results from its foreclosure on the field from the previous operator in 2008. The company has also identified approximately 70 additional in-fill drilling locations. Admiral Bay believes additional natural gas producing coals and shales may be accessible from existing wellbores to enhance current production with only modest expense.

This acquisition should immediately increase Admiral Bay's current base production by approximately 35% and proved reserves by nearly 20%, with additional production enhancement possible through existing well remediation and new development drilling.

"This acquisition is transformational for Admiral Bay as it adds meaningful scale to both production and reserves in the Cherokee Basin," Steve Tedesco, President and Chief Executive Officer of Admiral Bay noted. "Moreover, our ability to complete and fund this acquisition with both new equity and debt demonstrates the confidence our equity investors and lenders have in the future of Admiral Bay."

Tedesco continued, "The Thayer properties provide strong current production, a solid base of proved natural gas reserves and plenty of running room for growth at a compelling price. We consider this to be not only a reaffirmation of our commitment to the Cherokee Basin but the beginning of a period of significant growth for the company."

FIG Partners, LLC Energy Research and Capital Group served as Admiral Bay's financial advisor in the transaction.

To fund the LV Neodesha transaction, Admiral Bay has commenced a non-brokered private placement of units, to be sold to accredited investors. The placement, to be priced at $0.064 (CDN) per unit, will raise up to $2,000,000 (CDN). Each unit will consist of one common share of Admiral Bay and one-half warrant which will entitle the holder to purchase one additional common share at $0.09 (CDN) per share for a term of twelve (12) months and one-half warrant which will entitle the holder to purchase one additional common share at $0.128 (CDN) per share for a term of twenty-four (24) months. Further details of the offering can be found in the official Subscription Agreement available to accredited investors from the Company. The Company may pay a finder's fee on a portion of this private placement. The private placement is subject to conditional acceptance of the TSX Venture Exchange.

In addition, GasRock Capital LLC, will provide up to an additional $1.8 million (US) of availability for the purchase and further development of the acquired assets.

FIG Partners, LLC Energy Research and Capital Group served as Admiral Bay's global administrative agent in the equity offering.

In addition to the activity in the Cherokee Basin, Admiral Bay also announced that it has taken a 50% working interest in up to 6,000 acres in Cambria County, Pennsylvania, providing exposure to the emerging Marcellus Shale natural gas play. Along with its partner in the Revloc Appalachia Coal Bed Methane project, Admiral Bay's acreage appears to be in the fairway for Marcellus prospectivity as other major public and private exploration companies are leasing areas contiguous to the Admiral Bay leasehold. To secure take-away capacity, Admiral Bay has successfully negotiated pipeline right-of-way and a tap site is in place. Pipeline construction could begin as early as late 2009.

"Our ability to use our Appalachia Coal Bed Methane development as an opportunity to become a participant in Marcellus Shale development is also transformational for Admiral Bay and indicative of our opportunistic approach to value creation." Added Tedesco, "As the Marcellus development evolves we will look to this asset to provide a number of attractive value-enhancing options to the company."

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

GasRock Capital LLC is a mezzanine project debt and project equity financier that invests in high quality E&P and midstream companies in the Oil & Gas industry. GasRock provides capital for development and acquisition opportunities, and their offices are located in Houston, Texas.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Admiral Bay Reports Record Production for Second Quarter 2009
Tue Mar 31, 5:23 PM

http://ca.news.finance.yahoo.com/s/31032009/28/link-f-ccnmatthews-admiral-bay-reports-record-production-second-quarter-2009.html

CENTENNIAL, COLORADO--(Marketwire - March 31, 2009) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to report record production for the second quarter ended January 31st, 2009. Average daily production (before royalty) was 3,319 MCFEPD, a 58% increase over 2nd quarter of 2008 and 4% increase over the 1st quarter of 2009. Revenues (before royalties) were $1.3 million, an increase of 8% year over year due to the increase in production but offset by lower commodity prices. Production costs were $2.19/mcf, a decrease of 50% when compared to Q2 2008 and G&A expense was $1.28/mcf, a decrease of 52% from Q2 2008. Earnings for the quarter were a loss of ($0.8 million) versus ($1.9 million) in the prior period due to increased revenues and lower expenses and to improvements in the non-cash change in the mark-to-market of the Company's natural gas hedges as well as lower amortization costs.

President and CEO Steven Tedesco commented "The record production results and lower unit costs highlight the progress we are making in all of our project areas while aggressively lowering costs in this challenging gas price environment. We continue to have the support of our lenders and are looking for additional ways to take advantage of the current environment to grow the Company while improving our cost structure and liquidity".

The Company executed an amendment to its credit agreement that allows for PIK interest for three months ended February 2009 in exchange for a warrant to purchase 1 million shares of common stock at C$0.135 for a period of 5 years ended March 31, 2014.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
[e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
[e-mail]
www.admiralbay.com

[Lone Clone]

Admiral Bay Reaches Record Production Levels in Kansas
Thu Feb 12, 5:05 PM

http://ca.news.finance.yahoo.com/s/12022009/28/link-f-ccnmatthews-admiral-bay-reaches-record-production-levels-kansas.html

CENTENNIAL, COLORADO--(Marketwire - Feb. 12, 2009) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V)("Admiral Bay" or the "Company") is pleased to announce that it has reached its previously stated goal of 4 MMCFPD of gross sales from its Kansas projects, a result of recent development activity. The Company has completed the installation of 3 electric compressors and is adding new third-party gas production in its Shiloh project. In addition, the Company has completed the expansion of its gathering system and the connection of 15 new wells in its Mound Valley project drilled in 2008. The Company has also completed three wells in its Devon/Ft. Scott project and is adding additional third-party gas production. The Company expects continued gas sales growth as the new wells de-water and through additional drilling and recompletion work in its Kansas projects in 2009.

"We are pleased with the continued growth of production and improved efficiencies in our Kansas coal bed methane projects," said Steve Tedesco, Admiral Bay Chief Executive Officer. "We have achieved solid results from our last capital program and Admiral Bay is now set for further low risk development with over 150 potential low-risk development locations along our recently upgraded gathering systems in Kansas."

Annual General Meeting Results

Admiral Bay is pleased to announce that all items on the previously announced agenda for the Company's Annual General Meeting were approved by the shareholders. The meeting was held on February 10, 2009 at the Company's corporate office in Denver, Colorado.

Directors elected for the ensuing year are Bill Powers, Steve Tedesco, Vern Swanson and Steven Quoy. Bill Powers will remain Chairman of the Board, Steve Tedesco remains President and Chief Executive Officer, and Robert Carington will remain the Company's Chief Financial Officer.

Steven Quoy is the President and co-founder of AltaWind Energy Corporation, a wind energy developer of utility scale electric generation projects in North America . From 1984 to July 2008, prior to establishing AltaWind, he was the Managing Director of Fixed Income and Capital Markets for several Regional and NYSE member firms, specializing in public and private debt financing, structured debt and corporate finance. Mr. Quoy has been a frequent consultant to numerous financial institutions and private trusts, and has more than 20 years of experience in structuring capital assets to manage interest rate risk and liquidity needs. He received his Bachelor of Science degree in Business Management from Metropolitan State College of Denver.

The Company granted 200,000 stock options to a Director of the Company exercisable at a price of C$0.08 per share for a period of five years until February 10, 2014.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

It depends where in the province the coal bed is. In the Kootenays and NW BC, the situation is very problematic due t local opposition, but in the Peace everything looks full speed ahead. And if Petrobank ever decides to do something with those properties in Princeton, they will also have no problems with local opposition IMO.

LC

[johnlw]

What's your view on the BC cbm industry LC?
You got environmental concerns?

[Lone Clone]

Coal-bed methane industry finds a home in Peace Country

Canada Energy Partners wins over Hudson's Hope and becomes a first in B.C.

By Scott Simpson, VANCOUVER SUNJanuary 9, 2009

http://www.vancouversun.com/Coal+methane+industry+finds+home+Peace+Country/1158147/story.html

Condemned in many British Columbia communities as an environmental hazard, coal-bed methane development has found a home in the Peace River Valley.

A junior gas exploration company with a head office in Vancouver, a CEO from Baton Rouge, La., and a drilling partner from Texas, has succeeded where industry giants including Shell, Encana and BP, have faltered.

The Vancouver junior, Canada Energy Partners, and Texas-based GeoMet Inc. announced earlier this week that they'd begun commercial shipment of coal-bed methane from an initial spate of wells in the vicinity of the historic northeast B.C. town of Hudson's Hope.

It is the first coal-bed gas project in B.C., where controversy has dogged every effort by the government to develop a potentially lucrative resource, to reach commercial production.

"There has been real resistance in the Fernie area, real resistance in Smithers, Vancouver Island, Princeton, Klappan," Baton Rouge native Ben Jones, president and CEO of Canada Energy, drawled in a telephone interview. "Our area is about the only one that has been sailing along -- with bumps, some stormy weather, but [it] has continued to sail."

Jones first came to B.C. in 1999 and acquired his first drilling lease for coal-bed methane in 2001, just as the government was gearing up to promote it.

He got the rights for an average $120 a hectare in an area of the province where recent bids exceed 100 times that amount, and multinationals such as Talisman Energy are talking about 10-year, $7.5-billion investments in coal-bed methane development.

So far Canada Energy and GeoMet, through subsidiary Hudson's Hope Gas, have drilled eight wells, with three now in production and five in the process of pumping out underground water so that the gas can begin to flow.

"With conventional exploration, your best production is at the beginning. The best day is the first day and everything is downhill from there, whereas in coal-bed methane it's exactly the opposite," Jones said.

"These things will build over time, but it makes for an excruciating manager's life because it will make you pull your hair out.

"We will not have recouped our sunk costs probably for several years, but we could be in a positive cash flow as to our lease-operating expenses this year."

The global financial crisis hasn't hurt and Canada Energy chairman John Proust said it's not likely to pose future problems.

"We were very fortunate to do a significant financing prior to the market coming down, so we are well financed," he said from his Vancouver office. "We've got approximately $16 million in our treasury currently and that takes us well through this year, well through next year."

In addition, he noted, Canada Energy has a development agreement with Crew Energy to undertake shallow and deep gas drilling on its properties in the Peace Region, which could bring in additional resource revenue.

Proust notes that the company could drill as many as 315 wells on its coal-bed project alone.

Since 2003, coal-bed methane, or CBM, has on three occasions been the subject of resolutions by the Union of B.C. Municipalities urging the province to deal exhaustively with community concerns before another well is drilled.

The principal fear is a repeat of environmental disasters that took place in the United States, notably Wyoming, as unsophisticated drilling efforts caused breaches in underground coal seams that allowed gas and saline water to contaminate aquifers containing potable water in the vicinity, and careless surface disposal of saline water that contaminated the landscape.

Those problems did not go unnoticed here in B.C.

Last month, the province announced a two-year moratorium on Shell Canada's drilling efforts in the Klappan coal field in northwest B.C., where aboriginal groups, environmentalists and local politicians were united in opposition to drilling on the premise that it could lead to contamination of drinking water and salmon streams.

Canada Energy and its 50-per-cent partner, Geomet, meanwhile, have worked through their issues and are now generally regarded in Hudson's Hope as a model of good corporate citizenry.

Jones noted that northeast B.C. is already home to a booming natural gas industry that has bolstered the province's finances at a time when resource revenues from forestry are crashing.

"Most of those people there were more familiar with oil and gas operations than any of these other areas. I think that was part of the reason we've been able to proceed along.

"And I want to compliment Hudson's Hope. It's a community of a lot of good people and most of them are fairly reasonable. Some of the most vociferous opponents of CBM, I have very positive, constructive dialogue with."

The harshest critic in Hudson's Hope, local landowner Steve Metzger, has concluded that there is little risk to the city's water supply.

"I'm never one who would say it's impossible for the methane to get into our water supplies here. But I'm not personally concerned about that," Metzger said in a telephone interview. "I understand how far away the gas is from where our water supplies come from and it's real unlikely that that's going to be a problem."

Metzger is resigned to the presence of the industry in the community, but remains concerned about the possible industrialization of the local landscape as more wells are developed.

Even on this issue, he's taking a wait-and-see attitude. "It got to the point where, you know, it's gone ahead and it's not going to stop.

"The focus has shifted to, 'Okay, it's here, how can we deal with it?' "

Fort St. John MLA Richard Neufeld, B.C.'s energy minister since May 2001, said he never imagined it would take so long for the industry to gain a foothold in B.C.

"I think it will be a little bit slower than what I had hoped for, and maybe in retrospect, that's not that bad," Neufeld said. "I think you do have to let people get accustomed to it, and now that we have one area that's producing coal-bed gas into a sales line, that's good news we can talk about in the rest of the province."

Hudson's Hope Mayor Karen Anderson said a fraction of the community is still expressing negative opinions about the industry, "but on the whole, I am quite pleased with Hudson's Hope Gas and the way they have gone forth with this venture of theirs."

"We heard some horror stories of things that went on in the States," Anderson said. "We did not let that scare us. We took an open-mind approach and had those [stories] investigated. We had the pros and the cons come and talk to us.

"We decided that we are a little community, that we are looking for growth in our community, that we are welcoming businesses within our community. They are just another type of a business and they have really stepped up to the plate and been really forthright with us.

"Personally, and I think I can talk for the majority of council, we are quite happy with the working relationship we have with Hudson's Hope Gas."

[Lone Clone]

What is coal-bed methane?


Vancouver SunJanuary 9, 2009

http://www.vancouversun.com/What+coal+methane/1158139/story.html

Coal-bed methane is the natural gas found in most coal deposits. It is virtually identical to the natural gas found underground in conventional sandstone formations. It was created, along with coal, as buried plant material was converted into coal over millions of years. The methane is effectively locked into the coal by the pressure created from being underground, and by saline water that sits in all the fractures where the gas might otherwise be able to seep. When the coal seam is drilled and the water is pumped out, the gas can begin to flow out of the coal, and becomes available to the gas producer. The resulting gas is typically a pure or "sweet" gas that requires very little processing before it can be passed along to consumers for home heating.

THE DEBATE

Controversy has dogged the B.C. government's efforts to establish a coal-bed methane industry. Disastrous events in some U.S. jurisdictions where the industry was allowed to proceed without proper environmental scrutiny has led to contamination of drinking water aquifers, livestock watering ponds, rivers and fields. That influenced many communities in B.C. which have been reluctant to see coal-bed methane reserves developed. The industry's biggest challenge is managing the volume of water, often with a high sodium content, that must be pumped out of underground coal seams before coal-bed gas begins to flow.

THE FIX

Hudson's Hope Gas and its shareholders, Canada Energy Partnership and Geomet Inc., have addressed most community concerns through consultation and local investment. Water from its wells is removed by tanker truck and reinjected into spent gas wells near Fort St. John. According to the government, applications to re-inject water must be approved by the Oil and Gas Commission, and companies must keep this water isolated from potential groundwater zones. All disposal wells are lined with steel casing that is cemented into the well bore.

[Lone Clone]

Admiral Bay Reports Record Production for First Quarter 2009
Mon Jan 5, 10:52 AM

http://ca.news.finance.yahoo.com/s/05012009/28/link-f-ccnmatthews-admiral-bay-reports-record-production-first-quarter-2009.html

CENTENNIAL, COLORADO--(Marketwire - Jan. 5, 2009) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) Admiral Bay Resources Inc. ("Admiral Bay" or the "Company") is pleased to report record production for the first quarter ended October 31st , 2008. Average daily production (before royalty) was 3,185 MCFGPD, a 60% increase over 1st quarter of 2008 and 10% increase over the 4th quarter of 2008. Revenues (before royalties) were $1.5 million, an increase of 49% from the prior period driven by a 60% increase in production, offset by lower commodity prices. Production costs were $ 2.50/mcf, a decrease of 78% when compared to Q1 2008 and G&A expense was $ 1.58/mcf, a decrease of 36% from Q1 2008. Earnings for the quarter were a loss of ($ 0.5 million) versus ($ 3.6 million) in the prior period due to increased revenues and lower expenses and to improvements in the non-cash change in the mark-to-market of the Company's natural gas hedges as well as lower amortization costs.

President and CEO Steven Tedesco commented "The record production results highlight the progress we are making in all of our project areas while decreasing production costs and G&A expense per unit. Production increased in all of our Kansas project areas and continues with record production for November and December as new wells are put online in the Mound Valley and Devon project areas. Additionally, the full impact of the new electric compressors has yet to be achieved at the Shiloh project. At the Revloc Project in Pennsylvania the three wells have achieved flow rates of as high as 28 MCFGPD which would be considered to be economic. The Company considers this to be significant considering these wells are dewatering a large area by themselves. The wells are currently shut-in while right of way for a 12 mile sales pipeline is finalized".

Admiral Bay will be presenting at the FIG Partners LLC Investment Conference at 3:00 pm on January 8th, in New York at the Sofitel Hotel. The conference includes several mid-size and small cap exploration and production and oil service companies. A copy of its presentation will be available on its website www.admiralbay.com.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[johnlw]

Canada Energy Partners sells first coalbed methane gas

2009-01-05 06:37 MT - News Release

Mr. John Proust reports

CANADA ENERGY PARTNERS ANNOUNCES COMMENCEMENT OF GAS SALES FROM THE FIRST COMMERCIAL COALBED METHANE PROJECT IN BRITISH COLUMBIA

Canada Energy Partners Inc. has started gas sales from eight wells on its 50,788-acre Peace River coalbed methane project. Canada Energy owns a 50-per-cent working interest in the project and GeoMet Inc., through its wholly owned subsidiary Hudson's Hope Gas Ltd., owns the other 50 per cent and is the operator. This significant achievement is the first commercial coalbed methane project in British Columbia and is a result of eight years and more than $45-million cash invested by the company and its partners into acquisition of lands, exploration and development.

In conjunction with the announcement, Richard Neufeld, Minister of Energy, Mines and Petroleum Resources of British Columbia, commented: "I would like to congratulate you and your entire exploration and production team for reaching this significant milestone. This event signifies the first commercial production of coalbed gas in the province of British Columbia, and, as such, it is especially noteworthy. Unconventional gas development plays an important role in British Columbia's future energy security. Investment in coalbed gas development and the realization of gas royalties and taxes from coalbed gas production and sales will help fuel the province's economy. The Ministry of Energy, Mines and Petroleum Resources acknowledges your accomplishment in coalbed gas development and looks forward to continuing to work with industry to allow the sector to succeed, while balancing economic and social priorities, and protecting our environment and quality of life."

Ben Jones, Canada Energy's president and chief executive officer, commented: "After eight years of tremendous collaborative effort, it is a distinct pleasure to see this milestone achieved. I believe this project will be of a great value to our shareholders and will benefit the community, region and the province of British Columbia. We look forward to its continuing development."

Darby Sere, GeoMet's president and chief executive officer, commented: "We are excited to achieve the first coalbed methane gas deliveries in British Columbia. We expect to increase gas sales from the Peace River project for many years as we continue the development of the project."

Canada Energy also holds a 50-per-cent interest in the gas treating and compression facilities installed on the project. The facilities are scalable and modular, and can be expanded with an increasing production base. The company believes that in addition to the processing of the coalbed methane these mid-stream facilities will be strategic in the commercialization of the Moosebar shale, the Montney shale and other deeper formations. Exploration programs on Moosebar shale and Montney/Doig formations are currently under way on the lands covered by the project.

The current eight wells on production represent the first phase of a scalable project with 315 potential well locations (based on 160-acre spacing). The company expects to have an updated independent reserve report including the recent activities completed on the coalbed methane project in February, 2009.

The 2009 coalbed methane development program will be finalized with the joint venture partner in first quarter of 2009, and the company anticipates an additional multiwell production drilling program to start in July, 2009.

[Lone Clone]

Admiral Bay Reports Operational Update and Record Production for November 2008
Wed Dec 3, 12:38 PM

http://ca.news.finance.yahoo.com/s/03122008/28/link-f-ccnmatthews-admiral-bay-reports-operational-update-record-production-november.html

CENTENNIAL, COLORADO--(Marketwire - Dec. 3, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) Admiral Bay Resources Inc. ("Admiral Bay" or the "Company") is pleased to report record production for the month of November 2008. Shiloh gross sales increased to approximately 2.2 MMCFGPD, Mound Valley increased to approximately 1.0 MMCFGPD and Devon production which includes the Company's share of third party gas is at approximately 0.3 MMCFGPD. The Company has 12 wells ready for completion and 10 wells permitted for drilling that it expects will increase its gross sales to 4.0 MMCFPD during January weather permitting.

At the Shiloh Project, two new electric main compressors have been installed and sales have increased due to significantly lower fuel usage, lower line pressures and improved run times on the wells from improved operations. The Company is in the process of negotiating the processing contracts for third party gas which will increase its sales and allow it access for drilling development wells.

At the Mound Valley Project the Company recently drilled 12 wells with very encouraging results. Three of these wells have been completed and are on production and the remaining nine will be connected to the main gathering system during December. The Company recently upgraded its gathering system and will continue to develop the Mound Valley Project area once all wells are online.

At the Devon Project the Company is in the process of staking 10 wells which will test its new drilling methodology. Also being staked is a salt water disposal well that is awaiting approval by the Kansas Corporation Commission. The Company feels the new method for drilling and completing coal bed methane wells will allow better production rates at a significantly lower cost. The Company is not revealing the method at this time for competitive reasons. The new wells, subject to Kansas Corporation Commission approval, will be drilled in January, 2009. The Company is completing three wells by conventional methods that were bought in the recent purchase of the Ft. Scott Project. The Company has also added additional third party gas to the Bourbon County Pipeline system from Missouri.

The Revloc Project in Pennsylvania continues to dewater. The three wells recently completed are making gas. The Weiland 1 is presently between 15 - 20 MCFGPD and continues to slowly incline. The Williams 1 is presently at 4 MCFGPGD. The McWhorter #2 is presently at 2 MCFGPD. Dewatering is expected to take 10 to 24 months and will require additional wells to maximize gas production. The Company and its partner are close to acquiring the entire right of way needed to lay a 12 mile long pipeline. The tap and compressor site have been chosen and development will continue in 2009.

President and CEO Steven Tedesco commented "Activity continues in all of our project areas as the Company continues to have success and increase production and lower costs. With the success of our 2008 drilling program and the expansion of our gathering system the Company has greatly increased its inventory of low risk drilling locations. This in turn will allow us to continue to post record production growth in 2009, further lower our operating costs and add to our reserve base."

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements."

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Admiral Bay Reports Record Production and Revenue for Fiscal 2008 and Record Proved Reserves at Yearend
Mon Dec 1, 4:10 PM

http://ca.news.finance.yahoo.com/s/01122008/28/link-f-ccnmatthews-admiral-bay-reports-record-production-revenue-fiscal-2008.html

CENTENNIAL, COLORADO--(Marketwire - Dec. 1, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to report record production and revenue for the fiscal year ended July 31st, 2008. Revenues (after royalties) were $5.7 million, an increase of 64% from the prior period driven by increases in production of 30% and higher commodity prices. Production (before royalty) averaged 2,376 mcfpd compared to 1,739 mcfpd in the prior period. Production costs were $3.58/mcf, a decrease of 3% from the prior period and G&A expense was $2.05/mcf, a decrease of 41% from the prior period. Earnings for the fiscal year were a loss of ($8.2 million) versus ($5.4 million) in the prior period due primarily to the non-cash change in the mark-to-market of the Company's natural gas hedges as well as higher amortization and interest costs.

The annual reserve report, as filed on Form 51-101 F1, based on forecast process and costs reported gross Proved reserves of 57.6 BCF (42.8 BCF net after royalty) with pre-tax net present value discounted at 10% ("PV-10") of $117.2 million which is an overall increase of 31% and 27% respectively from 2007. The Company reported Probable and Possible reserves of 17.5 and 178.4 BCF respectively (13.2 and 116.3 BCF respectively net after royalty). For the 2008 fiscal year Admiral Bay had capital expenditures of $7.6 million which included $1.2 million for the purchase of the Ft. Scott properties in May of 2008. The Ft. Scott properties and the associated interest in the Bourbon County Pipeline were purchased via the issuance of 3 million shares of the Company's stock.

Based on fiscal 2008 capital expenditures the Company achieved a proved finding and development cost for the year of $0.75/MCF. Admiral Bay's four year average all-in Finding Cost of $1.20/MCF is based on overall capital expenditures for the four year period of $52.4 million (including $15.6 million for acquisitions). The four year average full cycle Finding & Development cost (including future development costs of $22.9 million) was $1.72/Mcf.

President and CEO Steven Tedesco commented "The record annual results highlight the progress we are making in increasing production and Proved reserves while decreasing production costs and G&A expense. In addition to our excellent finding and development costs, which show the viability of our Kansas CBM projects in nearly any commodity price environment, we are anticipating moving our Revloc project in Pennsylvania to commercial development in fiscal 2009. Admiral Bay is looking forward to another record year in 2009 as the Company achieves additional scale, cost reductions and significant production growth".

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Admiral Bay Files Its Annual Reserves and Other Oil and Gas Information Data
Fri Nov 28, 6:02 PM

http://ca.news.finance.yahoo.com/s/28112008/28/link-f-ccnmatthews-admiral-bay-files-its-annual-reserves-other-oil.html

CENTENNIAL, COLORADO--(Marketwire - Nov. 28, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) announces that in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators, the Company has filed its reserves data and other oil and gas information (51-101F1, F2 & F3) for the year ended July 31, 2008. Copies of may be obtained on www.sedar.com or by contacting the Company.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Storm Cat Energy Corporation's US Subsidiaries File for Chapter 11 Bankruptcy Protection in US
Mon Nov 10, 5:23 PM

http://ca.news.finance.yahoo.com/s/10112008/31/link-f-prnewswire-storm-cat-energy-corporation-s-subsidiaries-file-chapter.html

DENVER, and CALGARY, Alberta, Nov. 10 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX: SME) today reported that all of its wholly-owned U.S. subsidiaries filed for a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado. Storm Cat Energy Corporation was not included in the U.S. bankruptcy filing, nor did it file an application for creditor protection under the Companies' Creditors Arrangement Act in Canada.

Storm Cat is in negotiations with its existing lenders to secure sufficient debtor-in-possession (DIP) financing. Under Chapter 11, and assuming the DIP financing negotiations are successful, Storm Cat expects it will continue, without undue interruption, its operations in the ordinary course of business, and intends to file a reorganization plan with the U.S. Bankruptcy Court as soon as practicable. As previously reported, the Company has engaged Parkman Whaling LLC for the purpose of assisting the Company in exploring strategic business alternatives as well as Alvarez & Marsal, a turnaround and restructuring firm, for the purpose of assisting the Company with its restructuring efforts.

About Storm Cat Energy

Storm Cat Energy is an independent oil and gas company focused on the exploration, production and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations and, secondarily, from conventional formations. The Company has producing properties in Wyoming's Powder River Basin and Arkansas' Arkoma Basin and exploration and development acreage in Canada. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME."

Forward-looking Statements

This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to potential future production and growth, proposed new wells and infrastructure improvements affecting the Company's operations. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends, "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of Storm Cat's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Storm Cat undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to: (i) the Company's ability to continue as a going concern; (ii) the ability of the Company to operate pursuant to the terms of the debtor-in-possession facility; (iii) the Company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; (iv) the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; (v) risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; (vi) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (vii) the Company's ability to maintain contracts that are critical to its operations; (viii) the potential adverse impact of the Chapter 11 cases on the Company's liquidity or results of operations; (ix) the ability of the Company to fund and execute its business plan; (x) the ability of the Company to attract, motivate and/or retain key executives and employees; (xi) the ability of the Company to attract and retain customers and (xii) the other risk factors discussed in greater detail in the Company's various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Company's Form 10-K for the fiscal year ended December 31, 2007.

SOURCE Storm Cat Energy Corporation

[Lone Clone]

Storm Cat Energy Corporation Announces Default Under Subordinated Convertible Notes, Provides Update of Credit Facility and Engages Parkman Whaling LL
Fri Oct 31, 6:01 AM

http://ca.news.finance.yahoo.com/s/31102008/30/link-f-cnw-storm-cat-energy-corporation-announces-default-under-subordinated.html

DENVER and CALGARY, Alberta, Oct. 31 /CNW/ -- Storm Cat Energy Corporation (Amex: SCU; TSX: SME) today reported that it failed to make its required quarterly interest payment when due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated Convertible Notes each due March 31, 2012. The failure of Storm Cat to make the required quarterly interest payment prior to the expiration of such 30 day grace period constitutes an "Event of Default" under the terms of each of the respective Note Purchase Agreements.

In connection with Storm Cat's previously reported and continuing defaults under its Credit Agreement, its Lenders notified the noteholders that pursuant to the terms of the Note Purchase Agreements and the Subordination and Intercreditor Agreement previously entered into by the noteholders, that the Lenders were enforcing their rights (1) to prohibit Storm Cat from making any payments to the noteholders, and (2) to require that the noteholders standstill and not accelerate any amounts due under the Notes upon an Event of Default or seek other enforcement or redemption actions otherwise permitted under the Note Purchase Agreements. Additionally, as a result of the Event of Default, the rate of interest on the outstanding principal amount of the Notes as well as any overdue interest will increase from 9 1/4% to 12.0% per annum.

Storm Cat has been in discussions with its Lenders since mid-August in order to seek a waiver or forbearance of the defaults under the Credit Agreement, to amend the Credit Agreement or otherwise restructure the Company and seek a liquidity event. Although Storm Cat intends to pursue in good faith efforts to renegotiate or restructure the terms of the Credit Agreement, there can be no assurance that these efforts will ultimately be successful. In addition, any restructuring plan ultimately agreed upon by Storm Cat and its Lenders may involve implementation through a bankruptcy filing by Storm Cat and/or certain of its subsidiaries. In the event that Storm Cat and its Lenders fail to agree on the terms of a consensual restructuring of the obligations under the Credit Agreement, the Lenders may attempt to effect an acceleration of the obligations under the Credit Agreement. In such event, a material adverse effect on the Company and its results of operations would result.

In connection with the above mentioned defaults under the Credit Agreement, an affiliate of one of the Lenders recently exercised its right to declare a cross-default on Storm Cat's natural gas commodity swap agreements. The swap agreements were terminated and amounts in the aggregate of $9.4 million owing to Storm Cat upon termination of the swap agreements were paid to the Lenders to be set-off and reduce the amounts outstanding under the Company's revolving credit facility. Because Storm Cat remains in default under the Credit Agreement, it may not re-borrow any funds used to pay down the revolving credit facility without the consent of the Lenders in their sole discretion. As a result of the termination of the swap agreements, Storm Cat is now fully exposed to the impact of gas price fluctuations in the commodity markets.

As previously reported, Storm Cat has been exploring since mid-May numerous alternatives to improve liquidity, including raising capital, refinancing outstanding debt or the potential sale of assets. Unfortunately, as a result of falling commodity prices and the global financial crisis Storm Cat has been unsuccessful to date. Nonetheless, in connection with on-going discussions with its Lenders regarding potential restructuring initiatives, Storm Cat has engaged Houston-based Parkman Whaling LLC for the purpose of assisting the Company in exploring strategic business alternatives as well as engaged Alvarez & Marsal, a turnaround and restructuring firm, for the purpose of assisting the Company with its restructuring efforts.


About Storm Cat Energy


Storm Cat Energy is an independent oil and gas company focused on the exploration, production and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations and, secondarily, from conventional formations. The Company has producing properties in Wyoming's Powder River Basin and Arkansas' Arkoma Basin and exploration and development acreage in Canada. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME."


Forward-looking Statements


This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to potential future production and growth, proposed new wells and infrastructure improvements affecting the Company's operations. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends, "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of Storm Cat's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Storm Cat undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to: (i) the Company's ability to continue as a going concern; (ii) the ability to consummate any strategic alternatives; (iii) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (iv) the Company's ability to maintain contracts that are critical to its operations; (v) the potential adverse impact of continuing defaults under its credit facility and convertible notes on the Company's liquidity or results of operations; (vi) the volatility of natural gas prices, the possibility that exploration efforts will not yield economically recoverable quantities of gas, accidents and other risks associated with gas exploration and development operations, (vii) the ability of the Company to fund and execute its business plan; (viii) the ability of the Company to attract, motivate and/or retain key executives and employees; (ix) the ability of the Company to attract and retain customers and * the other risk factors discussed in greater detail in the Company's various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Company's Form 10-K for the fiscal year ended December 31, 2007.

Contacts

William Kent
Director
Investor Relations of Storm Cat Energy Corporation
[phone] Web Site: http://www.stormcatenergy.com

[Lone Clone]

Stealth Continues to Grow Shale Gas Production and Signs Farm-in Agreement for Nova Scotia Coal Bed Methane Properties
Wed Oct 22, 9:00 AM

http://ca.news.finance.yahoo.com/s/22102008/30/link-f-cnw-stealth-continues-grow-shale-gas-production-signs-farm.html

SLV tsxventure

CALGARY, Oct. 22 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the "Company") is pleased to announce an increase in gas production from that reported previously, primarily due to tie-in operations on its current 70 well program at Wildmere, Alberta. Since the inception of the play in early 2006 Stealth has progressed from a conceptual technology play to a commercial producing asset, and production growth is now the focus of the Company.

The current drilling program began July 3rd, 2008 and is currently under the budgeted $350,000 full cycle cost per well, with 63 wells drilled, 30 completed, and 19 tied-in and producing to date. The Company's estimated production is currently increasing past 3.0MMcf/d (raw) from the Wildmere field. Corporate production is 440 (net) BOE/D. The Company will bring on the majority of new production during the fourth quarter.

Stealth has signed a letter of intent to farm-out a working interest in its Nova Scotia Coalbed Methane (CBM) properties to a new private Canadian oil and gas company. This multi-year joint venture will enable the Company to advance towards commercializing the 1.6 TCF of net discovered CBM resource booked on its two Nova Scotia onshore basins. Stealth will continue to operate the properties.

Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM and tight gas sand reservoirs.


STEALTH VENTURES LTD.

"Derek Krivak"

Per: DEREK KRIVAK
Chief Executive Officer

Disclosure provided herein in respect of BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.


Contacts

Derek Krivak
CEO
Mark J. Roth
CFO
Stealth Ventures Ltd.
Tel.: [phone]
Fax: [phone]
Emails: [e-mail]

Richard Cohen
Investor Relations
Clark Avenue Company
Tel.: [phone]
Fax: [phone]
Email: [e-mail]

[Lone Clone]

Torrent Energy Announces Bid Dates for Sale of Assets; Updated Frac Production Testing Results
Thursday October 16, 8:00 am ET

http://ca.us.biz.yahoo.com/iw/081016/0443516.html

PORTLAND, OR--(MARKET WIRE)--Oct 16, 2008 -- Torrent Energy Corporation (OTC BB:TRENQ.OB - News) today announced that the Bankruptcy Court has approved bid procedures for the Company's asset sale, including a minimum bid amount of $4.55 million for substantially all the assets of the Company, and a bid due date of November 7, 2008. Additionally, the Company reported updated frac production testing results from its Coos Bay operations.

Court Approves Sale of Assets

Under the asset sale bidding procedures approved by the Bankruptcy Court, all bids must be received no later than November 7, 2008 at 3:00 p.m. Pacific Time. If qualifying bids are received an auction will be held on November 11, 2008 at 10:00 a.m. Pacific at the offices of Perkins Coie LLP in Portland, Oregon. A hearing to approve the sale will be held on November 13, 2008 at 9:30 a.m. Pacific and the parties expect to close the sale on or before November 15, 2008.

More information regarding the asset sale and auction process is set forth in a Bidder's Package available upon request from the Company. Additional data can be accessed at www.torrentenergy.com. For further information, please contact either of the parties below:


Steve Pappajohn Pete Craven
Bus: 866.396.3025 Bus: 866.396.3025
Email: [e-mail] Email: [e-mail]

ADVERTISEMENT

Updated Well Frac Results

As the Company reported in early September, preliminary technical analysis of the frac results of the five wells located at its Coos Bay operations indicates that the fracs were successful and met expectations in terms of increasing the productivity of the wells. The wells have produced at a combined peak rate of approximately 587 barrels of water per day and 86 MCF per day of gas during the past 30 days of production testing. This early data is in the order of magnitude predicted by the Company's reservoir modeling. These five wells are currently off production testing due to the Company's limited available working capital.

About Torrent Energy Corporation

Torrent Energy Corporation is an exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States.

Forward Looking Statements: This report contains certain "forward-looking statements" that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, particularly those statements regarding the preliminary frac results, the proposed asset sale and those preceded by the words "believes," "expects," "estimates," "anticipates," "will" or words of similar import are statements of management's opinion. These statements are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein. Factors that might cause such a variance include the effects of the Chapter 11 filing, the ability of the Company to continue to operate its business and maintain adequate liquidity and the uncertainty of the approval of the Company liquidation of its assets. These and other risks are or will be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. More detailed information about risk factors that may affect the Company's actual results is set forth in filings by the Company with the SEC on Forms 10-K, 10-Q and 8-K, including the annual report on Form 10-K filed by the Company on July 15, 2008. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this communication. Except as required by law, we undertake no obligation to publicly update or review any forward-looking statements to reflect events or circumstances that may arise after the date of this report.


Contact:

For further information please contact:

John Carlson
President & CEO
Torrent Energy Corp.
Email: Email Contact
Phone: [phone]

Pete Craven
CFO
Torrent Energy Corp.
Email: Email Contact
Phone: [phone]


Source: Torrent Energy Corporation

[Lone Clone]

Admiral Bay Begins Installation of Electric Compressor in Kansas
Tue Oct 14, 10:04 AM

http://ca.news.finance.yahoo.com/s/14102008/28/link-f-ccnmatthews-admiral-bay-begins-installation-electric-compressor-kansas.html

CENTENNIAL, COLORADO--(Marketwire - Oct. 14, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) Admiral Bay Resources Inc. ("Admiral Bay" or the "Company") is pleased to announce that it has begun installation of its first of two new electric compressors in the Shiloh Project in Kansas. Once installation is complete, the Shiloh Project will be capable of selling over 3.0 mmcfpd, an approximate 20% increase from current capacity. In addition, the electric compressors will not require fuel gas thus increasing sales immediately. Additional work will begin following the installation of the new compressors to increase gas production through a re-frac program in the Shiloh Project and then through additional drilling.

In the Mound Valley Project, the Company has begun reviewing bids to install approximately 5 miles of new gathering system that will allow for the immediate hook up of 12 wells that have been previously drilled and allow for more infill drilling during the remainder of the year.

President and CEO Steven Tedesco commented "With the previously announced advance of $3.75 million (U.S.) from our lender, we are in a strong liquidity position to execute on our plan to increase gross gas sales from the current approximately 3.3 mmcfpd to over 4.0 mmcfpd during the balance of 2008. The new electric compressors will allow us to increase sales at our Shiloh Project while reducing operating costs further on a per unit basis, thus increasing margins."

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[johnlw]

EnCana gives up coal bed appeal

Shaun Polczer
Calgary Herald

Thursday, October 09, 2008

EnCana Corp. on Wednesday abandoned an appeal of an Alberta Energy and Utilities Board ruling that insists natural gas in coal is separate from coal.

Instead, EnCana will pursue legal remedies in court to address what it sees as trespass on so-called split-title lands, company officials told the Herald.

"We're going to focus our efforts in Queen's Bench," said Stacy Knull, a vice-president for the Canadian foothills.

The issue came to a head last year after the EUB began granting coal bed methane licences on land claimed by EnCana that it inherited from the Canadian Pacific Railroad, based on titles that pre-date the creation of Alberta in 1905.

EnCana claims it owns the gas in coal seams that were reserved for the railroad and granted to the CPR starting in the 1800s.

However, the EUB ruled the natural gas in the coal is separate and distinct from the surrounding rock and began issuing production licences.

Shortly after the EUB ruling, EnCana filed 11 suits against a series of companies that were granted permits to drill on the disputed land, including Quicksilver Resources, Devon Canada and ARC Energy Trust.

The EUB has continued to grant coal bed licences on split-title lands while the lawsuits are pending.

According to company counsel Graham Baugh, the EUB appeal was impeding efforts to move those cases forward.

"The appeal process was slowing down the trial process," he said.

EnCana had originally expected an EUB hearing in November, but probably wouldn't have received a decision until next year. By abandoning the EUB decision, EnCana is hoping for a trial date starting next spring. Hanging in the balance are hundreds of million cubic feet of coal gas reserves worth potentially billions of dollars.

Knull said Wednesday's decision will speed the process although he didn't know when to expect a final resolution.

[e-mail]
© The Calgary Herald 2008

[johnlw]

B.C. mayors push to stop drilling
Energy firms seek coalbed gas

Canwest News Service

Saturday, September 27, 2008

VANCOUVER - British Columbians have ratcheted up their opposition to a proposed Shell Canada coalbed-methane project as a group of mayors unanimously approved a resolution demanding Premier Gordon Campbell halt the company's drilling.

At the same time, environmental groups are preparing to petition the B.C. government for a 10-year moratorium on all development of the unconventional gas resource, which has provoked anger -- and even one First Nations blockade of drilling equipment -- in the province.

"We've got rednecks, commercial fishermen, sport fishermen, First Nations, municipal leaders, you name it -- it's a broad spectrum of people who don't find this acceptable," said Doug Donaldson, the mayor of Hazelton, B.C., and a supporter of this week's resolution at the Union of B.C. Municipalities. "I don't think the provincial government can ignore this any longer."

Shell has drilled only three holes since it was awarded tenure over its Klappan coalbed-methane deposit in northwestern B.C. in 2004. This month, it announced a temporary suspension of drilling activity for the upcoming season in order provide information to local First Nations groups.

A poll taken earlier this year found that 70 per cent of northwestern B.C. residents opposes the company's work in an area that flows into three major rivers -- the Skeena, Nass and Stikine -- and called the Sacred Headwaters.

Coalbed methane is a form of natural gas locked inside coal. B.C. is home to huge deposits, but opponents argue that its production will bring "devastating" impacts to waterways, fish and wildlife, and provide little in exchange.

"We live in a small valley and when you have compressors and lines and roads criss-crossing it -- why would I want to do that for two or three permanent jobs?" said Randy McClean, the mayor of Princeton, B.C.

Petrobank Energy and Resources Ltd. is developing a coalbed-methane seam near the B.C. Interior town, although community concerns have forced it, too, to suspend its drilling schedule. Farther east, BP Canada Energy has been waiting since February for the provincial government to decide on a tenure application for a massive, 500-square-kilometre deposit near the Alberta border, with $15 million earmarked for environmental studies.

The province said the municipalities' resolution "will be taken under consideration."

[Lone Clone]

Torrent Energy Announces Preliminary Frac Results; DIP Lender Ceases Funding; Negotiating to Sell Assets
Friday September 26, 8:00 am ET

http://ca.us.biz.yahoo.com/iw/080926/0437707.html

PORTLAND, OR--(MARKET WIRE)--Sep 26, 2008 -- Torrent Energy Corporation (OTC BB:TRENQ.OB - News) today announced that the Company successfully completed the field work for fracture stimulation of five wells located in its Westport pilot project area in late August and has now commenced a process of production testing these wells located in Coos Bay, Oregon. Additionally, the Company announced that it is negotiating a sale process under Section 363 of the Bankruptcy Code. The sale will be made to YA Global Investments, L.P., (" YA Global") in satisfaction of its DIP funding unless the Company receives a better offer from another party pursuant to a sale process that would be approved by the Bankruptcy Court. On September 18, 2008, YA Global issued to the Company a "Notice of Lender's Election to Cease Funding" pursuant to the DIP Credit Agreement.

Preliminary Frac Results

The frac program at the Company's Coos Bay Westport project tested both nitrogen foam and cross linked gel fluids as carriers for the frac sand and it is the Company's position that the preliminary technical analysis of the frac results indicates that the fracs were successful and met expectations in terms of increasing the productivity of the wells and most importantly providing confirmation in management's opinion of the proof of concept for the Coos Bay CBM project. The data will allow for optimization of completion techniques on all future wells drilled in the project area.

The wells have been producing a combined rate of approximately 356 barrels of water per day and 48 MCF per day of gas. The wells have been on test for three weeks starting the dewatering process, which is a key component of the gas desorption process and developing future gas production. This early data is the order of magnitude predicted by the Company's reservoir modeling. Baker Energy Services from Sheridan, Wyoming is the project manager for both the frac program and the production testing.

YA Global Notice to Cease DIP Funding

As previously disclosed in the Company's current reports on Form 8-K, the Company on June 6, 2008 entered into a senior secured super-priority debtor-in-possession credit and guaranty agreement (the "DIP Credit Agreement") with YA Global, pursuant to which YA Global provided the Company with funds to permit the Company to continue its operations during its reorganization under Chapter 11 including provide the necessary funds to frac and perform production testing of the Coos Bay wells. On September 18, 2008, YA Global issued to the Company a "Notice of Lender's Election to Cease Funding" pursuant to the DIP Credit Agreement. The notice stated that YA Global has elected to exercise its right to cease funding the Company, and will provide no further advances to the Company, under the DIP Credit Agreement, except for advances for compensation payable to certain of the Company's employees at their discretion. YA Global has informed the Company that its election to cease ongoing funding is irrevocable, but is discussing funding such costs necessary to affect the sale described immediately below. YA Global has not claimed that the Company is in default, and the Company does not believe it is in default, under the DIP Credit Agreement.

Proposed Sale of Assets

Torrent and its subsidiaries continue to operate their businesses and manage their properties as debtors-in-possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code. As a result of YA Global's irrevocable election to cease funding under the DIP Credit Agreement and the Company's limited available working capital, the Company today announced it has begun negotiating with YA Global a sale of all assets under Section 363 of the Bankruptcy Code (the "363 Sale"). In this proposed 363 Sale, YA Global would be allowed to credit bid its existing DIP Credit Agreement outstanding balance to acquire the assets of the Company. Other qualified third parties would be allowed to also bid on the assets for an amount in excess of a YA credit bid.

Torrent has focused its exploration efforts on coalbed methane resources in the U.S. Pacific Northwest since 2004. Over the ensuing period, Torrent has acquired a significant portfolio of mineral leases in both Oregon (107,000 acres at 100 percent working interest) and Washington (76,000 acres with a 60% working interest). Torrent is the operator of both projects.

Torrent has drilled a total of 12 wells in 3 pilot projects at its Coos Bay holdings located in Oregon. Five wells have been completed and fraced and have been on production testing since the end of August 2008. The Coos Bay assets are located in close proximity to highly valued local and regional gas markets which can be readily accessed by a regional gas transmission line having significant excess throughput capacity. The Coos Bay leases are primarily fee leases bearing a royalty of 12.5%. Torrent has acquired a water disposal permit which allows for the disposal of 2,200 barrels per day of produced water directly into tidal waters after treatment. A significant body of technical data has been accumulated since 2004, including cores, gas desorption data, isotherm data, seismic interpretation, regional geology of the local coals and drilling and completion results.

Torrent has drilled one test well on its Washington acreage and to date has accumulated significant regional seismic and geological data from which both conventional and coalbed methane leads and plays have been developed.

Torrent is seeking prospective buyers of all of Torrent's coalbed methane assets and intends to complete the sale of the assets no later than October 31, 2008, subject to the required approvals of the Bankruptcy Court. Interested parties should contact the Company officers noted below:


Steve Pappajohn Pete Craven
President Methane Energy Corp. CFO Torrent Energy Corp.
Bus: 541.396.3025 Bus: 503.224.0072
Email: [e-mail] Email: [e-mail]

About Torrent Energy Corporation

Torrent Energy Corporation is an exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States.

Forward Looking Statements: This report contains certain "forward-looking statements" that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, particularly those statements regarding the preliminary frac results, the proposed asset sale under the Section 363 of the Bankruptcy Code and those preceded by the words "believes," "expects," "estimates," "anticipates," "will" or words of similar import are statements of management's opinion. These statements are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein. Factors that might cause such a variance include the effects of the Chapter 11 filing, the ability of the Company to continue to operate its business and maintain adequate liquidity and the uncertainty of the approval of the Company liquidation of its assets. These and other risks are or will be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. More detailed information about risk factors that may affect the Company's actual results is set forth in filings by the Company with the SEC on Forms 10-K, 10-Q and 8-K, including the annual report on Form 10-K filed by the Company on July 15, 2008. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this communication. Except as required by law, we undertake no obligation to publicly update or review any forward-looking statements to reflect events or circumstances that may arise after the date of this report.


Contact:

For further information please contact:
Torrent Energy Corp.
John Carlson
President & CEO
Pete Craven
CFO
Phone: [phone]
Email: Email Contact


Source: Torrent Energy

[Lone Clone]

Admiral Bay Receives Commitment From GasRock to Begin Phase III of Development Program
Mon Sep 22, 2:09 PM

http://ca.news.finance.yahoo.com/s/22092008/28/link-f-ccnmatthews-admiral-bay-receives-commitment-gasrock-begin-phase-iii.html

CENTENNIAL, COLORADO--(Marketwire - Sept. 22, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V)("Admiral Bay" or the "Company") is pleased to announce that its mezzanine debt provider GasRock Capital LLC has approved its Phase III program by advancing an additional $3,750,000 (US). The program will allow for the continuation of the Company's successful recompletion program in its Mound Valley, Shiloh and Devon/Ft. Scott Projects. The Company will also expand its gathering system in Mound Valley allowing for the hook up of 12 newly drilled wells and an additional 10 well infill drilling program at the Mound Valley Project. The plan also allows for the ordering of a third electric compressor for the Shiloh Project as well as additional saltwater disposal capacity. In the Devon/Ft. Scott Project, the Company plans to upgrade its pipeline gathering system to handle additional gas as well as completing several wells acquired in the Ft. Scott acquisition. The Company is also planning to expand its operations with its partner at the Revloc Project in Pennsylvania by beginning work on a 12 mile pipeline and the drilling of up to 7 additional appraisal wells.

President and CEO Steven Tedesco commented "Admiral Bay has successfully implemented its completion and recompletion program and is now drilling new wells to continue to increase gas sales - now at approximately 3.2 mmcfpd and expected to be 4.0 mmcfpd by the end of the year. In addition, operating costs have dropped from over $5.60 per mcf to $2.60 per mcf dramatically increasing margins. This successful execution is underscored by GasRock's commitment of new funds to continue the development program. Management is excited about the prospects at Admiral Bay and has increased ownership of the common stock of the Company to 26% of the outstanding shares in the open market."

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

GasRock Capital LLC is a mezzanine project debt and project equity financier that invests in high quality E&P and midstream companies in the Oil & Gas industry. GasRock provides capital for development and acquisition opportunities, and their offices are located in Houston, Texas.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Storm Cat Energy Corporation Announces Second Quarter 2008 Financial and Operating Results

16:15 EDT Monday, August 11, 2008

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20080811&archive=prnews&slug=LAM075

DENVER and CALGARY, Alberta, Aug. 11 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX: SME) today reported second quarter 2008 financial and operating results.

The second quarter of 2008 was an important step in Storm Cat's transition towards profitability. During the quarter we initiated sales from our Fayetteville Shale acreage, bringing a total of six wells online in the quarter. Production from our Fayetteville property along with our Powder River Basin (PRB) assets produced both record production and revenue results for the quarter. Our production for the quarter was in excess of one billion cubic feet of gas, totalling 1,151.4 million cubic feet (MMcf). Our revenue for the quarter was $6.6 million, a 78.6% increase from the second quarter of 2007. Operating Cash Flow(1) from our oil and gas activities increased 39.1% to $2.8 million for the quarter and 25.8% to $5.6 million for the first six months of the year. Adjusted EBITDA(2) for the second quarter was $1.3 million and $2.7 million for the six months ending June 30, 2008. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Financial Update (all figures in U.S. Dollars)

Natural gas revenue for the quarter ended June 30, 2008 was $6.6 million, representing a 78.6% increase over second quarter 2007. This record revenue growth was accomplished wholly through the drill bit.

Production sales volume for the second quarter of 2008 was a record 1,151.4 MMcf an increase of 54.4% over second quarter 2007. This represents the sixth consecutive quarter of organic sales volume increases and the first quarter in our history that we have produced in excess of one billion cubic feet of gas.

For the quarter, we reported a net loss of $4.7 million, or $0.06 per share, as compared to a net loss of $4.6 million, or $0.06 per share, for the second quarter of 2007. Excluding the impact of hedging, net loss for the quarter would have been $3.1 million, or $0.04 per share.

Inclusive of hedging, the average realized gas price for the second quarter was $5.69 per thousand cubic feet (Mcf), 15.7% higher than the second quarter 2007 average price of $4.92 per Mcf. Excluding hedging, the realized gas price for the second quarter of 2008 was $7.12 per Mcf.

Gathering and transportation expenses increased approximately $0.9 million from $0.4 million in the second quarter of 2007 to $1.3 million in the second quarter of 2008. The increase is primarily related to startup transportation fees associated with our Fayetteville pipeline which began shipping gas in early April and increased production volumes.

Lease operating expenses increased to $2.4 million in the second quarter of 2008 compared to $1.3 million in the second quarter of 2007. This increase resulted primarily from additional wells added through our successful drilling program, higher per well lease operating costs resulting from fuel and generator rental costs associated with new wells in our PRB development areas where the electrical infrastructure has yet to be installed and higher per well lease operating costs on our Sheridan and Ford Ranch areas resulting from higher water production.

Depreciation, depletion and amortization increased by $1.0 million to $2.9 million in the second quarter of 2008 compared to $1.9 million in the second quarter of 2007. This increase resulted from increased production resulting from our successful drilling activities over the past year.

Weighted average shares outstanding for the second quarter 2008 increased to 81.2 million as compared to 81.0 million in the second quarter of 2007. The increase in average shares outstanding is attributed to the exercise of outstanding options, the vesting of restricted share units and the issuance of new restricted share units.

As of June 30, 2008, we were not in compliance with the financial and minimum average daily production covenants set forth in our credit agreement. We are currently discussing a possible waiver or amendment to our credit agreement with our lenders. However, absent a waiver or an amendment to the financial covenants or repayment or refinancing of the credit facility, it is likely that we will not be in compliance with our covenants for the next twelve months. Accordingly, the $64.6 million outstanding under the credit facility at June 30, 2008 is classified as a current liability in the accompanying Consolidated Balance Sheet at June 30, 2008.

Operations Update (all figures in U.S. Dollars)
Current total net production is 15.3 million cubic feet per day (MMcf/d).

Powder River Basin

During the second quarter of 2008 we invested a total of $10.2 million in the PRB. These capital dollars were used for acquisitions, drilling and completion, permitting, staking and water management plans for the 2008 and 2009 drilling programs, infrastructure upgrades and well repairs. We drilled 15 wells in the PRB during the quarter, bringing total wells drilled in 2008 to 36. Since the end of the second quarter we have drilled one additional well in the PRB.

As previously announced, during the quarter we acquired approximately 14,000 undeveloped net acres in Sheridan County, Wyoming. The acquisition acreage is located in and around our current operations in the PRB.

Fayetteville Shale

We invested $6.7 million in capital in our Fayetteville Shale project in the second quarter of 2008. During the quarter we drilled two additional wells, bringing our total operated wells drilled to the Fayetteville in the first half of 2008 to seven. Additionally with the commencement of transportation of gas from our acreage in early April of 2008, we turned our three 2007 wells to sales as well as three 2008 wells. The three 2008 wells (the Ballard 1-13H, the Owen 1-18H, and the Roberts 1-13H), had initial production potential of 1,341 thousand cubic feet per day (Mcf/d), 1,240 Mcf/d and 1,177 Mcf/d respectively. Since the end of the quarter we have also commenced sales from the Vaughan 2-18, a shallow well completed in a gas-charged zone observed in the Vaughan 1-18H well, with initial production potential of 500 Mcf/d. Finally, both the Files 2-12H and the Files 3-12H, the two wells drilled and completed in the second quarter, are cleaning up post fracture and are pending sales.

Since the end of the second quarter we have commenced drilling operations on five additional Fayetteville wells. These five wells are in various stages of drilling and completion.

Elk Valley, B.C.

In Elk Valley we have nine wells on production and continue to progress in our dewatering efforts. We remain encouraged by the gas rates we are observing and continue to have active discussions with third-party pipeline operators concerning the design and possible installation of a gas sales pipeline. Final pipeline engineering and cost estimates are anticipated to be completed within the next few weeks.

Financial schedules accompany this press release. Please reference the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and with Canadian securities regulators on SEDAR for important notes to the financial statements.

About Storm Cat Energy

Storm Cat Energy is an independent oil and gas company focused on the exploration, production and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations and, secondarily, from conventional formations. The Company has producing properties in Wyoming's Powder River Basin and Arkansas' Arkoma Basin and exploration and development acreage in Canada. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME."

Forward-looking Statements

This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to potential future production and growth, proposed new wells and infrastructure improvements affecting the Company's operations. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends, "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of Storm Cat's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Storm Cat undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to, noncompliance with the covenants in our credit agreement and the ability of our lenders to accelerate our indebtedness under the credit facility, the volatility of natural gas prices, the possibility that exploration efforts will not yield economically recoverable quantities of gas, accidents and other risks associated with gas exploration and development operations, the risk that the Company will encounter unanticipated geological factors, the Company's need for and ability to obtain additional financing, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration and development plans, and the other risk factors discussed in greater detail in the Company's various filings on SEDAR (http://www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Company's Form 10-K for the fiscal year ended December 31, 2007.

 
  
                          CONSOLIDATED BALANCE SHEETS 
        (Stated in U.S. Dollars and in thousands, except share amounts) 
  
                                                     June 30,      December 31, 
                                                      2008            2007 
                                                   (Unaudited)      (Audited) 
     ASSETS 
     CURRENT ASSETS: 
       Cash and cash equivalents                      $2,068          $1,133 
       Accounts receivable: 
         Joint interest billing                        3,053           1,701 
         Revenue receivable                            3,792           2,444 
       Fair value of derivative instruments                -           1,760 
       Prepaid costs and other current assets          2,224           2,941 
         Total current assets                         11,137           9,979 
     PROPERTY AND EQUIPMENT (full cost method), 
      at cost: 
       Oil and gas properties: 
         Unproved properties                          57,043          51,438 
         Proved properties                           100,283          78,096 
         Less accumulated depreciation, depletion, 
          and amortization                           (17,038)        (12,228) 
         Oil and gas properties, net                 140,288         117,306 
       Other property                                  1,149           1,180 
         Less accumulated depreciation                  (926)           (778) 
       Total other property, net                         223             402 
       Total property and equipment, net             140,511         117,708 
     OTHER NON-CURRENT ASSETS: 
       Restricted cash                                   168             685 
       Debt issuance costs, net of accumulated 
        amortization of $2,686 and $1,988, 
        respectively                                   2,963           3,435 
       Accounts receivable long-term                       -             759 
         Total other non-current assets                3,131           4,879 
         Total assets                               $154,779        $132,566 
  
     LIABILITIES AND SHAREHOLDERS' EQUITY 
     CURRENT LIABILITIES: 
       Accounts payable                              $10,588          $5,825 
       Revenue payable                                 3,191           1,678 
       Accrued and other liabilities                   8,090           4,131 
       Interest payable                                    -              12 
       Share-based payments liability                    609             394 
       Fair value of derivative instruments           11,708               - 
       Bank debt                                      64,625               - 
         Total current liabilities                    98,811          12,040 
     NON-CURRENT LIABILITIES: 
       Bank debt                                           -          43,056 
       Ad valorem taxes payable                          852               - 
       Asset retirement obligation                     1,844           1,713 
       Fair value of derivative instruments            2,839             183 
       Convertible notes payable                      50,195          50,195 
         Total non-current liabilities                55,730          95,147 
         Total liabilities                           154,541         107,187 
  
     Commitments and Contingencies 
  
     SHAREHOLDERS' EQUITY: 
     Common shares, without par value, unlimited 
      authorized, issued and outstanding: 81,278,549 
      at June 30, 2008 and 81,087,320 at December 31, 
      2007                                            69,834          69,834 
       Additional paid-in capital                      6,028           5,640 
       Accumulated other comprehensive income 
        (loss)                                        (9,709)          7,483 
       Accumulated deficit                           (65,915)        (57,578) 
         Total shareholders' equity                      238          25,379 
         Total liabilities and shareholders' 
          equity                                    $154,779        $132,566 
  
  
  
                     CONSOLIDATED STATEMENTS OF OPERATIONS 
  
 (Stated in U.S. Dollars and in thousands, except share and per share amounts) 
  
                                  Three Months Ended        Six Months Ended 
                                      June 30                    June 30 
                                  2008          2007       2008         2007 
     NATURAL GAS REVENUE         $6,550        $3,668     $12,567      $7,580 
     OPERATING EXPENSES: 
       Gathering and 
        transportation            1,340           398       2,143         958 
       Lease operating expenses   2,407         1,256       4,810       2,159 
       General and 
        administrative            1,819         3,491       3,536       6,152 
       Depreciation, depletion, 
        amortization and 
        accretion of asset 
        retirement obligation     2,856         1,879       5,018       3,513 
         Total operating expenses 8,422         7,024      15,507      12,782 
       Operating loss            (1,872)       (3,356)     (2,940)     (5,202) 
  
     OTHER INCOME (EXPENSE): 
       Interest expense          (2,462)       (1,519)     (4,731)     (2,148) 
       Interest and other 
        miscellaneous income         52           101          32         133 
       Amortization of deferred 
        financing costs 
            (411)            -        (698)          - 
         Total other income 
          (expense)              (2,821)       (1,418)     (5,397)     (2,015) 
  
         Loss before taxes       (4,693)       (4,774)     (8,337)     (7,217) 
  
       Recovery of future income 
        tax asset from 
        flow-through shares           -           182           -       1,278 
  
     NET LOSS                   $(4,693)      $(4,592)    $(8,337)    $(5,939) 
     Basic and diluted loss 
      per share                  $(0.06)       $(0.06)     $(0.10)     $(0.07) 
     Weighted average number 
      of shares outstanding  81,214,884    81,045,122  81,151,150  80,816,505 
  
  
  
                      CONSOLIDATED STATEMENT OF CASH FLOWS 
                   (Stated in U.S. Dollars and in thousands) 
  
                                                         Six Months Ended 
                                                              June 30, 
                                                         2008         2007 
     Cash flows from operating activities: 
       Net loss                                        $(8,337)     $(5,939) 
       Adjustments to reconcile net loss to net 
        cash provided by (used in) operating activities: 
         Recovery of future income tax asset from 
          flow-through shares 
                                                             -       (1,252) 
         Share-based payments                              625        1,161 
         Depreciation, depletion, amortization and 
          accretion of asset retirement obligation       5,018        3,521 
         Amortization of debt issuance costs               698            - 
         Changes in operating assets and liabilities: 
           Accounts receivable                          (2,694)        (761) 
           Other current assets                            700          381 
           Accounts payable                                257       (2,674) 
           Accrued interest and other current 
            liabilities                                  5,103       (1,461) 
         Net cash provided by (used in) operating 
          activities                                     1,370       (7,024) 
     Cash flows from investing activities: 
       Restricted cash                                   1,264           (8) 
       Capital expenditures - oil and gas properties   (22,801)     (32,386) 
       Capital expenditures - other assets                  21          (23) 
         Net cash used in investing activities         (21,516)     (32,417) 
     Cash flows from financing activities: 
       Issuance of common stock                              -          914 
       Debt issuance costs                                   -       (3,556) 
       Proceeds from (repayment of) bank debt           21,569      (13,278) 
       Proceeds from convertible notes payable               -       50,194 
         Net cash provided by financing activities      21,569       34,274 
     Effect of exchange rate changes on cash              (488)         883 
     Net decrease in cash and cash equivalents             935       (4,284) 
     Cash and cash equivalents at beginning of period    1,133        5,299 
     Cash and cash equivalents at end of period         $2,068       $1,015 
  
     Supplemental disclosure of cash flow 
      information: 
       Cash paid for interest                           $5,224       $2,449 
     Supplemental disclosure of non-cash investing 
      and financing activities: 
       Capital accruals and asset additions            $13,566       $6,700 
       Increase in asset retirement obligation             $89        $(284) 
     Change in fair value derivatives                 $(16,123)     $(1,360) 
  
  
  
                 RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA 
                   (Stated in U.S. Dollars and in thousands) 
  
                                                       Three Months Ended 
                                                            June 30, 
                                                       2008           2007 
     Net loss                                       $(4,693)       $(4,774) 
     Depreciation, depletion, amortization and 
      accretion                                       2,856          1,879 
     Interest Expense                                 2,410          1,418 
     Income Taxes                                         -           (182) 
     Amortization of Debt Issuance Costs                411              - 
     EBITDA                                             984         (1,659) 
     Stock-based compensation expense                   351            742 
     Adjusted EBITDA(1)(3)                           $1,335          $(917) 
  
                                                        Six Months Ended 
                                                            June 30, 
                                                       2008           2007 
     Net loss                                        $(8,337)       $(5,939) 
     Depreciation, depletion, amortization and 
      accretion                                        5,018          3,513 
     Interest Expense                                  4,699          2,015 
     Income Taxes                                          -         (1,278) 
     Amortization of Debt Issuance Costs                 698              - 
     EBITDA                                            2,078         (1,689) 
     Stock-based compensation expense                    617          1,189 
     Adjusted EBITDA(1)(3)                            $2,695          $(500) 
  
  
  
            RECONCILIATION OF OPERATING LOSS TO OPERATING CASH FLOW 
                   (Stated in U.S. Dollars and in thousands) 
  
                                                       Three Months Ended 
                                                            June 30, 
                                                       2008           2007 
     Operating loss                                  $(1,872)       $(3,356) 
     General and administrative                        1,819          3,491 
     Depreciation, depletion, amortization and 
      accretion                                        2,856          1,879 
     Operating Cash Flow (2)(3)                       $2,803         $2,014 
  
                                                        Six Months Ended 
                                                            June 30, 
                                                       2008           2007 
  
     Operating loss                                  $(2,940)       $(5,202) 
     General and administrative                        3,536          6,152 
     Depreciation, depletion, amortization and 
      accretion                                        5,018          3,513 
     Operating Cash Flow (2)(3)                       $5,614         $4,463 
  
     (1) We have included Adjusted EBITDA (earnings before interest, taxes, 
         depreciation and amortization, and share-based compensation expense) 
         because we believe it provides investors with a useful industry 
         comparative and is a financial measure used by management to assess 
         the performance of our Company. 
  
     (2) We have included Operating Cash Flow (natural gas revenues less lease 
         operating expenses, gathering and transportation expenses and 
         production taxes) because we believe it provides useful information to 
         assess our performance and to measure our cash flows from operations 
         for our investors. 
  
     (3) We believe EBITDA, Adjusted EBITDA and Operating Cash Flow provide 
         useful measures of cash flows from operations for our investors 
         because EBITDA, Adjusted EBITDA and Operating Cash Flow are industry 
         comparative measures of cash flows generated by our operations and 
         because they are financial measures used by management to assess the 
         performance and liquidity of our Company. EBITDA, Adjusted EBITDA and 
         Operating Cash Flow are not measurements of financial performance or 
         liquidity under accounting principles generally accepted in the United 
         States of America and should not be considered in isolation or 
         construed as a substitutes for net income (loss) or other operations 
         data or cash flow data prepared in accordance with accounting 
         principles generally accepted in the United States of America for 
         purposes of analyzing our profitability or liquidity.  In addition, 
         not all funds depicted by EBITDA, Adjusted EBITDA and Operating Cash 
         Flow are available for management's discretionary use.  For example, a 
         portion of such funds are subject to contractual restrictions and 
         functional requirements to pay debt service, fund necessary capital 
         expenditures and meet other commitments from time to time as described 
         in more detail in the Company's 2007 Annual Report on Form 10-K filed 
         with the Securities and Exchange Commission on March 17, 2008. 
         EBITDA, Adjusted EBITDA and Operating Cash Flow, as calculated, may 
         not be comparable to similarly titled measures reported by other 
         companies. 
 

SOURCE Storm Cat Energy Corporation

For further information: William Kent, Director, Investor Relations of Storm Cat Energy Corporation, [phone]

[johnlw]

delete

[PIZZABUSTER1]

use the 1-800 call jerry coalbed methane hot line number

[johnlw]

Land owners preparing court case, arguing ownership of a new kind of natural gas
By Brenda Kossowan - Red Deer Advocate - July 16, 2008


Land owners from across Alberta plan to sue the province over ownership of shallow gas.

United Landowners of Alberta disputes the province’s authority over coalbed methane found above the Lee Park shale formation, Bowden farmer Glenn Norman said on Tuesday.

The formation is an impermeable layer of rock that separates water aquifers, said Norman, a key member of the Pine Lake Surface Rights Action Group.

He has found information indicating that pockets of “biogenic” methane found above the Lee Park formation come from ongoing biological processes, not from coal.

Because of that, those gases should be considered a renewable resource — such as solar and wind — and therefore excluded from the province’s jurisdiction over mines and minerals, said Norman.

“We found out recently by looking at the science that the gas is biogenic,” he said.

Much of Norman’s information has been based on a paper filed with the Energy Resources Conservation Board, describing how biogenic gases form.

“It’s an ongoing process. It’s being created by one set of micro-organisms while it’s being consumed by others.”

That means the gas is not a mineral, and therefore does not fall under the province’s definition of mines and minerals, said Norman. Chemical tests can show how the gas was formed, he said.

But natural gas is natural gas, regardless of whether it was formed by biological action or by pressure and heat, said Sean Beardow, a spokesman for Alberta Energy.

Beardow said he cannot respond to a suit that has not yet been filed.

However, he said, there is no question that all natural gas falls within the provinces’ jurisdiction over mines and minerals, which includes all hydrocarbons, regardless of their origins.

“Whether it is biogenic or thermogenic, it is still considered as natural gas.”

Unlike solar energy or wind power, natural gas in any form takes eons to produce, said Beardow.

“Biogenic natural gas is not a renewable resource, similar to solar. I think that’s a very important distinction to draw,” said Beardow.

“It’s not like biogas that you see a lot of in Central Alberta, where people have manure digesters and make methane that way. This is not something that is done over weeks, months or even a few years. This is something that takes hundreds of thousands of years.”

Norman said his group has prepared an argument and is rounding up a team of lawyers to present its case. The United Landowners of Alberta plans to organize a series of public meetings, starting in Taber on Aug. 6.

A meeting for Central Alberta is in the works but has not yet been scheduled.

[Lone Clone]

ONGC enters 1st gas sales pact for coal-bed methane

http://www.thehindubusinessline.com/2008/07/12/stories/2008071251850200.htm

ONGC operations

Operates in 5 CBM blocks in Jharkhand, 1 in Bengal

Develops a portion of Jharia block to establish commercial viability of resources

Planning fresh programme for development in 3 pilot wells in Ranigunj


Our Bureau

Kolkata, July 11 Oil and Natural Gas Corp Ltd has entered into a firm pact for supply of gas to Calcutta Compressor and Liquifaction Ltd (CC&L) from its Jharia coal-bed methane field in Jharkhand. The supply will begin in end 2008.

The agreement marks the beginning of the commercialisation of coal-bed methane resources by the oil and gas major.

“We have entered into the first ever gas sales agreement for coal-bed methane on July 10. According to the agreement we will initially supply 5,000 standard cubic metre of gas a day to CC&L,” Mr A.K. Mandal, National Head (coal-bed methane) of ONGC, told Business Line. Supplies may be increased up to 50,000 scmd in due course.

According to him, CC&L plans to use the gas for supply of compressed natural gas, which is a clean auto-fuel, to the towns and cities of Bengal and Jharkhand.

Though Mr Mandal did not divulge the price at which gas would be sold to CC&L, sources said that the company was presently charging a break-even price to promote use of the gas.

ONGC has been operating in five coal-bed methane blocks in Jharkhand and one block in West Bengal. The company is currently developing a 6 sq km area out of a total of 84 sq km in the Jharia block on the pilot scale to establish the commercial viability of the resources.

In addition to its ongoing $200-million exploratory and development campaign, the company is planning to launch a fresh programme for the development of the Ranigunj block in West Bengal.

The energy major is currently drilling three pilot wells in Ranigunj and would enter into full-fledged development of the block depending on the results of pilot drilling.

Both the Jharia and Ranigunj blocks were acquired in pre-CBM Policy days and are held jointly with Coal India Ltd. The latter has participatory stakes in the blocks.

[Lone Clone]

Admiral Bay Reports Record Production and Revenue for the 3rd Quarter of 2008
Tue Jul 1, 5:20 PM

http://ca.news.finance.yahoo.com/s/01072008/28/link-finance-news-admiral-bay-reports-record-production-revenue-3rd-quarter.html

CENTENNIAL, COLORADO--(Marketwire - July 1, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to report record production and revenue for the third quarter ended April 30, 2008. Record revenue and lower production costs and G&A expense gave the Company its first ever quarterly positive EBITDA (Earnings before interest, taxes, depreciation and amortization). Revenues (after royalties) were $1,517,949, an increase of 47% from the prior period and 50% sequentially driven by increases in production of 23% and 18% respectively and higher commodity prices. Production (before royalty) averaged 2,535 mcfgpd compared to 2,085 mcfgpd in the prior period and 2,098 mcfgpd sequentially. Production costs were $663,580 ($2.68/mcf), a decrease of 18% from the prior period and 29% sequentially and G&A expense was $406,150 ($1.78/mcf), a decrease of 19% from the prior period and 22% sequentially. EBITDA for the quarter was $448,219 compared to ($441,106) in the prior period and ($437,307) sequentially. Earnings for the quarter were ($2,502,134) versus ($1,414,291) in the prior period due primarily to the non-cash change in the mark-to-market of the Company's natural gas hedges as well as higher amortization and interest costs.

President and CEO Steven Tedesco commented "The record third quarter results and the turnaround in EBITDA highlight the progress we are making this year in increasing production while decreasing production costs and G&A expense. It also shows the viability of our Kansas CBM projects. We are continuing to increase production while keeping costs contained to take advantage of the current commodity price environment and aggressively grow the Company."

Complete financial statements and MD&A for the third quarter can be found at www.admiralbay.com or www.sedar.com.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[Lone Clone]

Saber Energy gains confidence in Botswana project as exploration progresses to second phase

http://www.miningweekly.com/article.php?a_id=136236

By: Christy van der Merwe
Published on 23rd June 2008

Coalbed methane (CBM) exploration company, Saber Energy Corp, has completed its first phase of exploration in the Kalahari, in Botswana, and has drilled over 65 holes as well as conducting a feasibility study and environmental impact assessment for the possible routing of a pipeline to transport the gas produced to off-takers.

"All the parameters look good, and the depth of exploration being done is giving us more confidence as we go ahead," said Saber Energy director Colin Kinley, while explaining operations on site to a number of Botswana government and Botswana Power Corporation (BPC) representatives as well as independent advisors and media, on Friday.

The holes drilled allow the company to understand the geology better, and test the gas content of the coal, as well as study the mechanics of the rock and gauge its permeability. "Certainly the geology is right - there is enough gas in it. The numbers look good - as good as some of the coal basins in the US," stated Kinley.

He added that the quality of the gas was also very high, about 98% pure methane. This varied throughout the field, but as the gas would all come together at a central point before being piped, this was not a great concern.

In the next phase of exploration, the five pilot five-spot wells with pump-jacks and gas separators that have been established, would pipe gas to a central point where it will be flared and further monitored and verified, allowing the company to gain a better understanding of the resource, and establish the gas flow rates.

Kinley expected that by the end of July, Saber Energy would have spent about $50-million on the project, and expected that another $50-million would be spent on the project in the next year. A lot of this money was benefiting the Botswana economy as the company had sourced a number of local suppliers and services.

To date, the company has been funded by private investors, but once exploration was complete, it could go to market with more exact details, a dual listing in Botswana and Toronto was likely.

"I expect we will take the stock to the market in about a year from now. At that point we will have more confidence in the resource and the market," added Kinley.

Saber Energy has acquired three concessions, which total an area of some 3,6-million acres in the area close to Mahalapye, in Botswana.

The area is said to be one of the largest contiguous blocks containing CBM, and the scale of the Saber project could be the largest in the world with one resource owner, under a single government regime. There are also very few landowners or farmers in the area, making the project particularly attractive.

Although CBM has gone from a largely research and development-based initiative to a commercially viable power source in places like the US and China, this would be the first commercial development of CBM in Africa.

Saber Energy's exploration takes place in the core of what is a large coal basin. The central coal seams are deeper and not economically feasible to mine, but are expected to be rich in methane which can be used as a power source. Towards the edge of the basin, the coal is shallower and accessible to mine, and it is on the edge of the same basin where the Mmamabula coal power complex will be situated.

Mmamabula developing company, CIC Energy Corp is a Saber Energy affiliated company, which also falls under the parent company, TSX-listed Tau Capital.

"There are many complementarities between the two initiatives," explained CIC Energy Corp COO Tore Horvei.

The most interesting of these complementarities is the possibility of Saber Energy supplying CBM as a power generation source for CIC Energy's construction requirements of the Mmamabula complex. Construction at Mmamabula would require about 150MW of power.

Other end-users of CBM from the Saber project could be the BPC, which is investigating the construction of a 250MW peaking power plant in Botswana.

CBM can also be converted into liquid diesel fuel, and with the increasing demand for diesel in the region, a local fuel company could also be a potential customer for the Saber Energy Corp.

[Lone Clone]

Admiral Bay Announces the Closing of Ft. Scott and BCPL Acquisitions
Fri Jun 13, 9:14 AM

http://ca.news.finance.yahoo.com/s/13062008/28/link-finance-news-admiral-bay-announces-closing-ft-scott-bcpl-acquisitions.html

CENTENNIAL, COLORADO--(Marketwire - June 13, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to announce that, after receiving approval from the TSX Venture Exchange, it has closed its previously announced acquisition of approximately 39,000 net acres, 28 producing and SI wellbores and a SWD well in the Ft. Scott Project that immediately offsets its Devon Project and the 50% interest in the Bourbon County Pipeline ("BCPL") it does not currently own.

The Company issued a total 3 million shares of its common stock to the owners of the Ft. Scott Project and BCPL, which are subject to a statutory hold period until October 14, 2008.

Admiral Bay Resources Inc. ( www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Steven Tedesco
Admiral Bay Resources Inc.
President & C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com

[johnlw]

Apache and ECA have some Mannville programs going on around here.
Haven't heard how they are going.
Although not proven commercial to date, with the current stronger price environment, a royalty regime that continues to favour such development and advances in technology, it is the conviction of Ember that over time the Mannville coals will become commercial on a larger scale.

[kraftdinner]

Ember increases Cordero bid to $5.35 per share


2008-06-06 18:04 MT - News Release

Also News Release (C-COR) Cordero Energy Inc


Mr. Douglas Dafoe of Ember reports

EMBER RESOURCES INC. ANNOUNCES INCREASED CASH AND SHARE PROPOSAL TO ACQUIRE ALL OF THE OUTSTANDING SHARES OF CORDERO ENERGY INC.

Ember Resources Inc. has provided Cordero Energy Inc. with a further formal proposal to acquire all of the outstanding common shares of Cordero for increased consideration of $5.35 per Cordero share, payable at the election of each Cordero shareholder, in cash or 2.61 common shares of Ember, at a deemed price of $2.05 per Ember share.

The cash portion of the proposal payable to the Cordero shareholders will total $55-million. In the event that the Cordero shareholders elect, in total, to receive more than $55-million in cash, the amount of cash to be received by a holder electing to receive cash with respect to a Cordero share will be reduced proportionately and the balance of the purchase price for that Cordero share will be paid by a portion of an Ember share at a deemed price of $2.05 per Ember share. In the event that the Cordero shareholders elect, in total, to receive less than $55-million in cash, the number of Ember shares to be received by a holder electing to receive Ember shares with respect to a Cordero share will be reduced proportionately and the balance of the purchase price for that Cordero share will be paid by in cash.

The value under the proposal of $5.35 per Cordero share represents a premium of 13 per cent over the outstanding cash offer of $4.75 cash per Cordero share made by Enmax Acquisition Corp.

The proposal calls for the acquisition to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) and for the execution of a definitive arrangement agreement by June 16, 2008. The arrangement would require court approval and the approval of the holders of 66-2/3 per cent of the Cordero shares who vote at a special meeting of the holders called by Cordero to consider the transaction. The arrangement would be subject to a number of additional conditions typical to transactions of such a nature, including all applicable regulatory approvals.

To finance a portion of the cash component of the proposal, Ember has entered into subscription agreements which provide for the issuance of 21,951,221 subscription receipts at a price of $2.05 per subscription receipt for total proceeds of $45-million. The balance of the cash component will be paid out of Ember's existing credit facilities which were recently expanded to $35-million. Each subscription receipt will be convertible into one Ember share upon the completion of the arrangement with Cordero. The issuance of the subscription receipts will occur prior to the completion of the arrangement. The subscription receipt financing would require the approval of the Ember shareholders at a meeting held prior to the completion of the arrangement.

Ember has received commitment letters from shareholders representing a total of 12,396,196 Cordero shares, or approximately 33.4 per cent of the outstanding Cordero shares, pursuant to which such holders have agreed, subject to certain terms and conditions or to the receipt of a superior offer, to support Ember's acquisition of the Cordero shares and not tender their Cordero shares to the Enmax offer, which expires on Friday, June 13, 2008.

The combination of Ember and Cordero would result in a highly focused and growth-oriented coalbed methane (CBM) resource company in a natural gas pricing environment that has seen dramatic improvements over the last three months. Combining the two CBM companies would result in an excellent geographic fit of complementary assets.

Key attributes of the combined company

Focused production base:


Core operated properties of Cordero's Malmo and Buffalo Lake areas in close proximity to Ember's core operated properties of Acme, Fenn-Big Valley and Rosalind, all of which are concentrated along major CBM fairways in east-central Alberta;
Approximately 29 million cubic feet per day (4,800 barrels of oil equivalent per day) of predominately natural gas production from Horseshoe Canyon Coals (HSC) and complementary conventional sands;
525 billion cubic feet of original gas in place (OGIP) resources identified in the HSC;
Based on 2007 year-end reserves, 96 billion cubic feet of proven and 150 billion cubic feet of proven plus probable reserves, over 80 per cent of which are HSC CBM reserves;
Long-life predictable reserves with a reserve life index of 14.2 years;
High-netback natural gas production benefiting from low royalty rates and low operating costs;
450 low-risk development HSC CBM locations in current inventory to provide for immediate growth.

Significant resource upside:


Mannville contingent resources of existing Ember assets are estimated at 710 billion cubic feet. Ember estimates additional Cordero Mannville resource potential at 640 billion cubic feet resulting in a combined total resource potential of approximately 1.35 trillion cubic feet. Cordero Mannville resources are a continuation of Mannville coals at Ember's Rosalind and Fenn-Big Valley properties where Ember has conducted extensive reservoir evaluation and pilot work.
Higher production and cash flows in the combined company will make capital available to selectively evaluate Mannville resources, and as conditions dictate, move them toward commercial-stage production.

Financial strength:


Market capitalization of the combined entity of approximately $285-million;
Net asset value (present value, 10 per cent, pretax) estimated at $400-million using $9 flat AECO pricing using year-end reserve reports;
$105-million of bank lines of credit, $70-million of which is currently used;
Annualized cash flow estimated at $65-million to $70-million based on current natural gas prices.

Focused CBM resource strategy:


Combined resource base of 1.9 trillion cubic feet with significant upside for recovery of reserves from development drilling and application of existing and new extraction technologies;
Ember's management team has focused exclusively on CBM resource development and will continue to do so in the combined entity;
Immediate production growth will come from inventory of 450 low-risk drilling locations in HSC coals;
Capital will be selectively allocated to advance the commercialization of significant Mannville resources for future growth and shareholder value;
Ember is a leader in CBM development in Alberta. Ember's record in Horseshoe Canyon CBM development is among the best with 2007 proven plus probable finding, development and acquisition costs (including future capital) reported at $11.79 per barrel of oil equivalent and three-year average finding, development and acquisition costs (including future capital) for the HSC coals of $11.45 per boe.
Ember is at the forefront of technical work being conducted on the Mannville coals and has extensive experience in drilling and piloting production from this significant resource. Although not proven commercial to date, with the current stronger price environment, a royalty regime that continues to favour such development and advances in technology, it is the conviction of Ember that over time the Mannville coals will become commercial on a larger scale.

"Our revised proposal benefits all shareholders of Cordero providing cash for those who wish to crystallize their investment now while providing participation in a new CBM-focused growth company for those shareholders that elect to take Ember shares," said Doug Dafoe, chairman and chief executive officer of Ember.

FirstEnergy Capital Corp. is acting as exclusive adviser to Ember on this transaction.

We seek Safe Harbor.

[Lone Clone]

Torrent to seek OK to tap DIP
by Jamie Mason
Updated 06:25 PM EST, Jun-3-2008

http://www.thedeal.com/servlet/ContentServer?cid=1212485114666&pagename=TheDeal%2FNWStArticle&c=TDDArticle

Bankrupt oil and gas explorer Torrent Energy Corp., wants interim approval to use $589,077 of its debtor-in-possession financing from prepetition lender YA Global Investments LP.

Torrent filed for Chapter 11 on Monday, June 2, in the U.S. Bankruptcy Court for the District of Oregon in Portland with its affiliates, Methane Energy Corp. and Cascadia Energy Corp.

Methane acquires oil and gas properties in Oregon and holds leases to 118,000 acres of land. Cascadia acquires oil and gas properties in Washington state and has 76,000 acres of leased land.

Judge Elizabeth L. Perris will consider the interim use of the DIP and the joint administration of the cases at a hearing before Friday, court papers said. The exact hearing date has not yet been set.

The entire DIP is for $4.5 million and carries pricing of 12% per annum. If Torrent defaults on the DIP, the interest rate increases by 200 basis points. YA Global is owed more than $207,854 on what it lent Torrent prepetition.

According to court papers, Torrent expects to file its prearranged plan of reorganization by June 9. Under the plan, preferred stock will be converted to senior secured convertible debt and unsecured creditors, owed $1 million, will be paid in full.

If the holders of common stock don't accept the plan, then the preferred shareholders will receive 100% of the equity in the company rather than have its stock converted to debt, court papers said.

Torrent filed for Chapter 11 after experiencing higher-than-anticipated drilling and completion costs at its 11 gas wells in Washington and Oregon. It's estimated that 11.7 trillion cubic feet of gas can be taken out of its seven Methane wells.

However, "these reserves are currently unproven and additional drilling and testing will be required to validate that this potential gas resource can be economically produced," court papers said.

Torrent has been unable to "fracture stimulate" its 11 wells, which is a conventional method of injecting fluids and proppant into the coal formations to enhance the wells' productivity and its economic viability, because it's estimated to cost more than $500,000 per well and the company ran into trouble with its disposal of water by-products.

According to court papers, the complex process of obtaining a permit to dump the water by-products into the ocean took longer than expected and delayed the debtors' ability to fracture stimulate its wells.

During the wait, Torrent attempted to solicit new equity, but was unable to because of the company's terms of its outstanding convertible preferred stock, which allowed preferred stock to be converted into common stock, and because Torrent had not yet fracture stimulated its wells. When the company was unable to find new equity investments, it was forced to file for Chapter 11.

The Portland, Ore.-based company engages in the exploration of unconventional natural gas in the Pacific Northwest. The company was created in 2002 through a merger between Scarab Systems Inc. and RV Inc., and was originally in the e-commerce industry. It wasn't until 2003 and 2004 that it shifted its focus to natural gas exploration and changed its name to Torrent Energy.

When Torrent filed for Chapter 11 protection it had four employees. Its publicly traded stock closed at 7.6 cents on Tuesday.

The company listed its assets at $10 million to $50 million and its liabilities at $500,000 to $1 million.

Unsecured creditors include Torrey Hills Capital of Del Mar, Calif. ($50,000), Pfeiffer High Investor Relations Inc. of Denver, Colo. ($17,790), Stockgroup Media Inc. of Vancouver, British Columbia ($10,000), CHF Investor Relations of Tortono ($8,000) and Peterson Sullivan PLLC of Seattle ($3,902).

Debtor counsel Jeanette L. Thomas of Perkins Coie LLP did not return calls for comment.