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PTGC/TDSV: Petrogen Announces Strategic Alliance With Petroleum Engineers, Inc.
Thursday June 1, 1:43 pm ET
- Foundation for Ongoing Texas Gulf Coast Mandate Substantially Strengthened -
HOUSTON, June 1 /PRNewswire-FirstCall/ -- Petrogen Corp. (OTC Bulletin Board: PTGC - News) is pleased to announce that it has entered into a strategic alliance with Petroleum Engineers, Inc. (PEI), a wholly owned subsidiary of Tradestar Services, Inc. (OTC Bulletin Board: TDSV - News) in a move to strengthen the Company's bench of operational expertise in its next phases of development on the Company's Texas Gulf Coast assets, the Emily Hawes and Tiller Ranch Fields.
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PEI has established a reputation and has been relied upon in the domestic and international oil and gas arena for over thirty five years as one of the preeminent services organizations providing oil and gas industry operational services and technical expertise on a contract basis for a diverse client base. PEI's clients range in size from well known major E&P companies and large independents to start up and early stage energy companies, throughout the world. PEI uniquely positions itself as a one-stop contractor that provides services which include all aspects of drilling supervision, operations and engineering, reservoir and production management, project management, well planning and technical services and additional services including ongoing production operations, maintenance and development of oil and gas assets for active energy companies such as Petrogen. Primarily, PEI has extensive experience and technical expertise in Texas and the Texas Gulf Coast, Petrogen's core area of domestic focus.
PEI and Petrogen have aligned interests whereby PEI will provide all future contract operations services to Petrogen on an ongoing basis for the further development of the Company's Texas Gulf Coast assets. PEI retains access to a deep bench of technical knowledge and expertise of the Gulf Coast region, and will work in concert with Petrogen's internal technical team to jointly identify and establish the best opportunity set for the future ongoing developments of the Company's producing properties and to additionally capture and develop new venture opportunities that fit within Petrogen's future areas of growth.
Additionally, because PEI provides contract operations for a wide range of E&P companies, their extensive array of service based capabilities will directly result in increased efficiencies to Petrogen's new well drilling operations, while minimizing some of the greater challenges facing like-sized E&P companies in the current market place. Particularly, PEI's involvement includes a strong sphere of services business relationships that are provided by PEI for its clients on a continuous basis, which enables Petrogen to have accelerated and better access to securing drilling rigs, rig crews and on-site services critical to the timely development and completion of Petrogen's upcoming drilling operations.
Petrogen's Chairman and CEO, Sacha H. Spindler stated, "In a move to continue strengthening the further exploitation of the Company's hydrocarbon opportunity set, aligning interests with Petroleum Engineers, Inc. will greatly enhance our ability to further maximize value from our assets by leveraging PEI's operational and technical expertise in our core areas of operation. As we make plans to enter into the next phases of expansion at Emily Hawes and Tiller Ranch Fields in the coming months, Petroleum Engineers, Inc. will manage and facilitate all aspects of those developments with Petrogen."
PEI CEO, Larry Wright added, "Petroleum Engineers, Inc. is looking forward to working with Petrogen in the further development of their Gulf Coast assets and providing our full range of engineering services and expertise to Petrogen both at the well site as well as with their in house project management."
About PEI
PEI has provided engineering, production operations management and other technical services to the petroleum industry since 1970, and is one of the most respected consulting firms in the business. PEI provides services in all phases of petroleum and reservoir engineering; operations management; equipment design; completion and workover programs through the construction and operation of production facilities and pipelines.
About The Texas Gulf Coast
Texas and the Texas Gulf Coast represent one of the premier natural gas exploration and development regions in the world, accounting for 32% of all natural gas production and 27% of proved natural gas reserves in the United States. Over the past few years, several large discoveries by Shell, BP and Chevron Texaco have contributed to the growing prominence of the Gulf Coast region as a hotbed for the expansion of domestic natural gas developments.
About Petrogen
Petrogen Corp. is a Houston, Texas based upstream energy company specializing in the development of natural gas properties in the Texas Gulf Coast region with known hydrocarbon reserves. For further information, please visit the Company's website at www.petrogencorp.com .
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
Company Contact
Louis J. Fruchier
V.P. Corporate Development & Communications
Petrogen Corp.
888-875-1155
fruchier@petrogencorp.com
BDGR: AUSTIN, Texas--(BUSINESS WIRE)--June 1, 2006--Black Dragon Resource Companies, Inc. (OTCPK: BDGR) announced today that it has entered into an agreement to purchase all of the issued and outstanding shares of stock of Gemini Explorations, Inc ("Gemini") a privately held Louisiana corporation and additional assets held personally by the owners of Gemini, who are Eugene DuCharme and James Vozzella. Both Messr. DuCharme and Vozzella will join Black Dragon upon the closing of the transaction and will enter into long-term management agreements with Black Dragon. The Gemini team will provide in house expertise in the areas of property management, maintenance, drilling etc. Total purchase price for Gemini and the non-Gemini assets is $25 million, payable in cash and stock. The existing $2.3M note held by Gemini for its prior sale to Black Dragon of shallow rights at Caddo Lake will be extinguished at the closing. The closing of the transaction is subject to final due diligence and other conditions of closing.
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Gemini, which specializes in the development and management of mature oil and gas properties, has been actively engaged in oil and gas exploration, production and operations in Northwest Louisiana for over thirty years. The purchase will bring Black Dragon not only valuable assets in its major area of operations but also expertise, management and equipment that significantly increase its ability to continue its growth and productivity.
The primary oil and gas mineral assets included in the transaction are:
1) The Hollenshead O&G, LLC properties acquired by Gemini in 2005. These properties cover 4700 acres of land with 525 previously drilled wells. Approximately 250 of those wells are currently in production. Gemini expects to place the remaining wells in production over the coming 12 months. Management believes that when all of these wells are equipped and salt water disposal is completed that these wells will produce approximately 500 barrels of oil per day.
2) Black Dragon will now have additional deep drilling rights (in excess of 3000 feet below the surface) held by Gemini to the lake bed of Caddo Lake.
3) 2300 acres of undeveloped mineral interests located on the Texas side of the Texas Louisiana State lines on the north shore of Caddo Lake.
4) 3 oil wells in the Shongaloo and Honore fields in Bossier and Caddo Parishes producing approximately 20 barrels of oil per day.
5) The DVI gas compression station and gathering system in the Pine Island - Caddo Lake area, which are currently processing 7,000 mcf of gas per day and are currently generating $135,000 per month in revenue. In addition to Gemini's gas production, this facility will significantly enhance the value of Black Dragon existing gas properties.
6) Over $4 million of various support equipment including rigs, tug boats etc.
7) Both field and headquarters offices in the Shreveport vicinity
According to Rick Michael, President of Black Dragon, "With this acquisition, Black Dragon has positioned itself to aggressively continue its growth in production and revenues in the concentrated area of Northwest Louisiana's proven, mature oilfields. After closing Black Dragon will have over 2000 wells on over 20,000 acres and significant physical equipment to develop those reserves. Combined current production currently exceeds 18,000 barrels per month and is growing daily. Our goals of 1,000 barrels per day by year end are within sight."
Mr. Eugene DuCharme, CEO of Gemini Explorations added, "We have had a close working relationship with Black Dragon over the last few years and have come to recognize the important synergies that are possible between our two companies. My management team and I look forward to immediately joining forces and taking advantage of the opportunities for growth provided through our joint efforts."
About Black Dragon:
Black Dragon Resource Companies, Inc. is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Strategic Growth International, Inc.
Stan Altschuler / Richard E. Cooper, 212-838-1444
Saltschuler@sgi-ir.com
RCooper@sgi-ir.com
or
Black Dragon Resource Companies, Inc.
Rick Michael, 512-442-4151
www.black-dragonoil.com
DBRM: Daybreak Initiates Construction of Gas Pipeline in Louisiana
Thursday June 1, 12:00 pm ET
SPOKANE, Wash., June 1 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas, Inc. (OTC Bulletin Board: DBRM. OB) a Washington Corporation, today announced that Daybreak has initiated construction of the pipeline connecting the Tensas "F1" Well in Louisiana to a gas sales pipeline. Daybreak is anticipating the pipeline to be completed over the next several days and will flow test the well into the pipeline upon completion.
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Daybreak has also entered into a contract to sell production from this well and anticipates production to begin this month.
Siberian Energy Presenting at the 2006 CIS Oil & Gas Investment Forum in Paris, May 31-June 2
Thursday June 1, 12:30 pm ET
NEW YORK--(BUSINESS WIRE)--June 1, 2006--Siberian Energy Group, Inc. (OTC BB: SIBN - News), a U.S.-based oil and gas exploration company, was represented by its Vice Chairman, Tim Peara at the 2006 CIS Oil & Gas Investment Forum in Paris, France. Mr. Peara delivered his presentation at The Westin Paris Hotel earlier today, June 1.
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Mr. Peara will also participate in a round table discussion about independent energy companies operating in Russia.
Other companies presenting at the conference include TNK-BP, Shell, Statoil, Norsk Hydro, Transneft, and Novatek. Additional information about the conference may be found at http://www.theenergyexchange.co.uk/energy210overview.html.
About Siberian Energy Group
Siberian Energy is one of the few U.S.-based public oil and gas exploration companies with 100% of its assets located in West Siberia, Russia. The Company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness. Additional information can be found at www.siberianenergy.com.
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.
Contact:
Siberian Energy Group, Inc.
David Zaikin, 212-828-3011
or
The Investor Relations Group
Investor Relations:
Katrine Winther-Olesen, 212-825-3210
or
Jordan Silverstein, 212-825-3210
SPRL news(InternetWire) Strat Petroleum Continues Aggressive Pace of Acquisitions
TORONTO -- (MARKET WIRE) -- 06/01/06 -- Strat Petroleum, Ltd. (PINKSHEETS: SPRL
, an emerging exploration and development company focusing on oil and gas
properties in the Russian Federation, today announced that its joint
venture entity Strat Nafta Ufa (SNU), has acquired additional reservoirs
totaling 250,000 metric tons in the Republic of Bashkorstan.
"Seeing the lucrative nature of this highly specialized niche, several
European institutional entities are now in advanced negotiations with our
joint venture to establish a new partnership for the purpose of investing
in processing equipment," said Sam Hyams, CEO of Strat Petroleum, "and
within weeks, the agreements and financing should be completed." Initial
indications are for an investment of at least $10 million for the
additional purchase of sludge and sludge processing equipment.
SYNM: Syntroleum to Present Detailed Economics on its GTL Projects and Compelling Opportunities
Thursday June 1, 11:21 am ET
TULSA, Okla.--(BUSINESS WIRE)--June 1, 2006--Syntroleum Corporation (Nasdaq:SYNM - News), a leader in the Fischer-Tropsch (FT) industry, announced that it will hold its second annual analyst day on June 6. Among the topics of discussion are a review of the rapidly advancing commercial opportunities facing the company and the company's analysis of the detailed economics pertaining to its technology and business activities.
Specifically, the discussion will include, but is not limited to:
A review of key commercial developments and priorities.
Detailed economics involving land-based gas-to-liquids (GTL) plants.
Findings from a detailed feasibility study on constructing the world's first GTL/Oil Floating Production Storage and Offloading vessel.
Targeted oil and gas reserves capable of near cash flow production.
A review of Syntroleum's technological advancements.
An update on Syntroleum's coal-to-liquids potential and activities.
This event will highlight Syntroleum's thorough economical analysis involving its business development efforts and more than 20 years of research and development. Through the presentations, Syntroleum will illustrate its upside potential and unique competitive advantage as the company moves toward financial close on a FT plant. This analyst meeting is intended to clearly differentiate Syntroleum from its competitors, including its level and quality of analysis.
The event will be held at the Renaissance Hotel in Tulsa beginning at 8:30 a.m., CDT. The day will include data presentations and tours of Syntroleum's catalyst lab and demonstration plant, where more than 334,000 gallons of ultra-clean products have been produced since 2003. Syntroleum speakers at the event will be Jack Holmes, president and CEO; Ken Agee, chairman and chief research officer; Greg Jenkins, executive vice president of business development and chief financial officer; Gary Roth, executive vice president of engineering and technology; and Ron Stinebaugh, senior vice president of finance and acquisitions.
To attend the event in person, RSVP to Mel Scott at mscott@syntroleum.com. The event also will be available to the company's shareholders and the general public via a webcast at
http://www.corporateir.net/ireye/ir_site.zhtml?ticker=SYNM&script= 1010&item_id=1327342. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements relating to the economics of the gas-to-liquids and the coal-to-liquids industries, the testing, certification, characteristics and use of synthetic fuels FT catalyst and alternative fuels, the Syntroleum Process and related technologies and products, GTL or coal-to-liquids plants using the Syntroleum Process, government support for the construction and operation of such plants, the economic use of such plants and the continued development of the Syntroleum Process. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "plan" "should," and similar expressions are intended to be among the statements that identify forward-looking statements. Although Syntroleum believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that commercial-scale GTL plants will not achieve the same results as those demonstrated on a laboratory or pilot basis or that such plants will experience technological and mechanical problems, the potential that improvements to the Syntroleum Process currently under development may not be successful, the impact on plant economics of operating conditions (including energy prices and government support for such plants), construction risks, risks associated with investments and operations of GTL and coal-to-liquids plants, the ability to implement corporate strategies, competition, intellectual property risks, Syntroleum's ability to obtain financing and other risks described in the company's filings with the Securities and Exchange Commission.
® "Syntroleum" is registered as a trademark and service mark in the U.S. Patent and Trademark Office
Contact:
Syntroleum Corporation, Tulsa
Mel Scott, 918-592-7900
mscott@syntroleum.com
--------------------------------------------------------------------------------
Concorde Resources Corp. Addresses Recent CCDE Trading
Thursday June 1, 9:30 am ET
PORT ST. LUCIE, FL--(MARKET WIRE)--Jun 1, 2006 -- Concorde Resources Corp. (Other OTC:CCDE.PK - News), in response to the sudden increase in CCDE daily trading volume and price movement of CCDE shares over the past few weeks, Concorde Resources Corp. wishes to make a statement about managements concerns regarding the share price.
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Paul Taylor President of CCDE stated, "Fortunately, the Company was able to turn off a recent email spam; unfortunately an enormous amount of sudden market activity seemingly produced a lingering concern to all the shareholders. As a result of this sudden activity there has been high volume share turnover at gyrating prices. The Company wishes to inform our shareholders that no acquisition finance from the recent CCDE acquisitions involved the use of free trading stock. The board of directors sincerely believes in Concorde's future and that CCDE securities are significantly under valued. The Company anticipates future fundamental growth and transparency. To that end the Company has retained a CPA to complete the audit for its Bevcorp International subsidiary and is developing a 15c-211 filing for the Terrax/WNS subsidiary."
About Concorde Resources Corp.:
Concorde Resources Corp. is a diversified investment conglomeration that develops partnerships and/or acquires control and recapitalizes small high growth businesses in selected business sectors. www.ccdecorp.info
About Terrax Inc.:
Terrax Inc. was formed in 1999 to provide paperless, customs brokerage services for US to Canada markets. Since that time the Company has grown the WeNetShip product to adequately profile all north-south customs needs and has added technology to the core product to make it adaptable for new Homeland Security initiatives. Terrax delivers its products through the WeNetShip division with its own proprietary technologies. Electronic commerce is growing exponentially and represents a huge business opportunity. Europe and Asia have definable numbers of exporters, and each of these thousands is a potential client for WeNetShip. Terrax maintains corporate offices in Gardnerville, Nevada and shares warehousing in Blaine, Washington and Victoria, Canada.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by CCDE may differ materially from these statements due to a number of factors. CCDE assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
Trade Enquiry's
Darrell Cho
VP Sales and Marketing
E-Mail: dcho@wenetship.com
1-866-554-2011
http://www.wenetship.com/terraxinc/index.html
http://www.wenetship.com
For Investor Relations Contact:
Jon Caserta
(866) 990-1112
CCDE@ParadigmIR.com
Brinx Brings in New Participant to Owl Creek Project
Thursday June 1, 9:30 am ET
ALBUQUERQUE, NM--(MARKET WIRE)--Jun 1, 2006 -- Brinx Resources Ltd. (OTC BB:BNXR.OB - News) (the "Company" or "Brinx") reports it has brought a new participant into its Owl Creek Project to help develop and fund the project to its fullest potential.
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Brinx has completed the sale of twenty percent of the Powell #2 well and future drill sites on the Owl Creek Project located in Garvin and McClain Counties, Oklahoma. Brinx Resources retains a 50% working interest in the Project. The agreement calls for a one-time cash payment of $300,000 US to Brinx Resources (received) and for each party to be responsible for their portion of the cost to compete the Powell#2 and future drill sites. Brinx retains a 70% working interest owner in its previously drilled Johnson #1 and the Powell #1 wells, including the spacing units where they are located. This sale provides Brinx funds to continue developing its share of the Owl Creek Project with no dilution to the current shareholders.
"We are pleased to bring another capable and well-managed partner to the Owl Creek Project, which we feel merits full development and the drilling of ten or more additional wells. Having an additional partner in the program gives us a stronger likelihood of being able to bring this significant asset on-stream more quickly than we otherwise would," said Leroy Halterman, President.
The Powell #2 is an offset well to the producing Powell #1 well. It was drilled to a total depth of 5,617 feet and reached TD (Total Depth) on May 18, 2006. The Powell #2 well had two significant hydrocarbon shows. The upper show was over 50 feet thick and was in the upper Viola and appears productive on the logs. The lower hydrocarbon show was in a deeper pay zone that exhibited good porosity, permeability and calculated productive on the open hole logs. Completion of this well is anticipated to start in the next few weeks.
A second development location for the Owl Creek Project is now being evaluated for possible drilling in June. This well would be an offset to the recently drilled Powell #2. Brinx has a 50% working interest in the Owl Creek project of the 1,100 acres leased in the project area.
About Brinx Resources
Brinx Resources is an expanding exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the continued exploration and development of its land portfolio comprised of working interests in the Three Sand Project in Noble County, Oklahoma (40% interest), the Owl Creek Project in McClain County, Oklahoma (70% interest), and its newest interest in its Mississippi Prospect in Palmetto Point (10% interest). Brinx Resources is seeking to expand its portfolio to include additional interests North America.
Leroy Halterman, President
The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.
Contact:
For more information, contact:
250-Media
1-888-32-BRINX (27469)
WWW.BRINXRESOURCES.COM
Westside Energy names new CEO, CFO
Thu Jun 1, 2006 9:21 AM ET
June 1 (Reuters) - Westside Energy Corp. (WHT.A: Quote, Profile, Research) on Thursday named Chief Operating Officer Douglas Manner as chief executive officer, effective June 1.
Manner succeeds CEO, President and Chief Financial Officer Jimmy Wright, who will now hold the positions of president and COO, the oil and gas company said in a news release.
FACT BOX
WHT.A (Westside Energy Corp)
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Westside Energy names new CEO, CFO
The company also named Sean Austin as CFO and said he would also continue to hold his positions of vice president and corporate controller. (Reporting by Rakesh Sharma in Bangalore)
Endeavour Increases Norwegian Interests
Thursday June 1, 10:00 am ET
HOUSTON, June 1 /PRNewswire-FirstCall/ -- Endeavour International Corporation (Amex: END - News) announced today that its subsidiary Endeavour Energy Norge AS has signed an agreement with Lundin Norway pursuant to which Endeavour will obtain a 25 percent interest in Production License 304 on the Norwegian Continental Shelf. The transfer of the license is subject to approval by the Norwegian Ministry of Petroleum and Energy and Ministry of Finance.
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Endeavour Energy UK Ltd and Lundin Heather Ltd have also signed an agreement pursuant to which Lundin will be transferred a 25 percent interest in Production License 1176 on the United Kingdom Continental Shelf. Endeavour serves as operator of the license and will hold a 75 percent interest following the transfer to Lundin. The transfer of the license is subject to the approval of the UK Department of Trade and Industry.
Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea. For more information, visit http://www.endeavourcorp.com .
Certain statements in this news release should be regarded as "forward- looking" statements within the meaning of the securities laws. These statements speak only of as of the date made. Such statements are subject to assumptions, risk and uncertainty. Actual results or events may vary materially.
MSEV Micron Enviro Finalizes Alberta Oil Sands Agreement
PrimeZone Media Network - June 1, 2006 8:00 AM (EDT)
By Staff
VANCOUVER, British Columbia, Jun 1, 2006 (PRIMEZONE via COMTEX) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) (Frankfurt:NDD) ("Micron") is extremely pleased to announce that Micron has executed formal documentation in regards to its Oil Sands Limited Partnership. This partnership has now secured four separate Alberta Oil Sands leases that are close to the existing Oil Sands leases held by Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil Sands projects by Devon, EnCana, and ConocoPhilips. Micron's other acquired Alberta Oil Sands lease consists of two contiguous sections that lie just southwest of the announced Royal Dutch Shell Plc Oil Sands leases which they recently purchased for approximately $400 million.
Micron also recently announced plans to forward split its stock on a 3 for 1 basis for shareholders of record on June 12, 2006. Micron has filed the required certificate of change with the Nevada Secretary of State and is awaiting a response. What this means is that for each one share you own on that day, you will hold three shares of Micron stock after the split. For example, if you own 10,000 shares as of record date (June 12, 2006), you will hold 30,000 of the new shares with a new CUSIP number, giving you ownership of a total of 30,000 shares of the company. Management feels a forward split would reward the existing and new shareholders of record and assist in curbing the possible naked shorting of the stock.
Micron is currently undertaking a new marketing initiative to create additional awareness for the company. This plan will primarily be email based and will target 100 percent opt-in private and intuitional investors that trade stocks in Micron's price range. This new marketing initiative will be on-going over the coming months.
Bernie McDougall, President of Micron stated, "We are very excited about the future of Micron. We now have formalized the Oil Sands Partnership and are currently have petroleum engineers on site. With the current global trends showing increased demand, especially from China, the timing on acquiring and developing the Alberta Oil Sands could not be more opportune. When you take into account the current near all time highs on oil prices and that the shares are trading close to 35% below the high recently set, we feel that the Micron shares may not be reflecting the current value of the company, especially since the company's current liabilities have decreased by over 75% and the current assets have increased by 10 times during the past quarter. At this time, Micron is one of if not the smallest market capitalized companies with exposure to multiple Alberta Oil Sands prospects."
Micron has just recently retained independent petroleum consultants to initiate the operations on the Athabasca Oil Sands Prospect. An evaluation of the potential reserves, estimated development and operation costs, estimated future capital expenditures, and other pertinent information regarding the potential development of this Oil Sands prospect is expected to follow.
Micron is also currently looking into expanding its exposure to the Alberta Oil Sands. These new ventures include new oil sands partnerships and/or new oil sands leases.
The Oil Sands of Canada hold recoverable reserves of 175 billion barrels with a proven reserve life of 480 years and another 130 billion barrels of potential reserves, which is second only to Saudi Arabia's 262 billion barrels. As a comparison, the United States has only 29 billion barrels of recoverable reserves and has decreasing domestic production while their demand is increasing by 1-2% every year. Canada is in an optimal position to supply oil to the U.S. with its favorable political climate, close proximity and being one of the few non-OPEC countries which can grow its oil production.
Micron is an emerging oil and gas company that has exposure to four separate leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has production from multiple conventional oil and gas wells. Micron is one of if not the smallest market capitalized companies with exposure to multiple Alberta Oil Sands. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Micron currently has multiple independent sources of oil and/or gas revenue from production in Canada and Texas. Micron is presently involved in multiple oil and gas prospects, and continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects.
If you have any questions, please call Micron at (604) 646-6903. If you would like to be added to Micron's update email list, please send an email to info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of MSEV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Micron Enviro Systems, Inc.
Micron Enviro Systems, Inc.
Bernie McDougall
(604) 646-6903
(604) 689-1733, Fax
ir@micronenviro.com
www.micronenviro.com
(C) 2006 PRIMEZONE, All rights reserved.
Oil tops $71.50 on Iran concern, ahead of OPEC
http://article.wn.com/link/WNAT63C23172FCDFB0A61FED2F4D8CEA9E3B?source=templategenerator&templat...
Uncle sams problems are solved.
http://www.stansberryonline.com/OIL/20060405-OIL-COL.asp?pcode=WOILG428&alias=200604OIL&scod...
Loving it Waverider, re-enterred week and a half ago or so, hoping for a CTUM-like surge, hehe.
EGY makes hot growth 100.
http://yahoo.businessweek.com/hot_growth/2006/company/1.htm
Relayer, next Weds. the last short
is gone and the stock dividend is paid. Then there is a name change coming up with a new CUSIP if they try naked shorts after 06/02/06 stock pay out.
Then there is all that oil & gas.!!!!!
BIGN, anyone watching this little puppy?
Consolidated and threatening to break upwards again!
TRAE: Next PR should be a good one for the update on the drilling rigs.
TRAE = my favorite Pinkie
TRAE: Low floater with good news this week. Chart:
I Can't Afford My Gasoline - Cartoon flash animation humorously depicts the causes and ramifications of the oil price increases.
http://www.atomfilms.com/contentPlay/shockwave.jsp?id=cant_afford_gas&preplay
GSPI.PK Advanced Biodiesel Reactor 0.128
Green Star Products Unveils Advanced Biodiesel Reactor
By Market Wire
Last Update: 5/25/2006 1:18:07 PM Data provided by
SAN DIEGO, CA, May 25, 2006 (MARKET WIRE via COMTEX) -- Ewire -- Green Star Products, Inc. (PINKSHEETS: GSPI) (GreenStarUSA.com) announced today that they have developed and successfully commercially tested their advanced biodiesel reactor.
GSPI reactors require an amazing two-minutes to complete the biodiesel conversion reaction versus over one-hour for the rest of the industry. This means that GSPI's processing rate through the reactor is at least 30 times faster than the rest of the biodiesel industry.
Mr. LaStella, President of GSPI, stated, "Three different sizes of the proprietary biodiesel reactors were tested from January 2005 through February 2006 at the Bakersfield Biodiesel Plant Facility. The largest reactor was rated at 10-million GPYC (gallons per year capacity) and was operated from August 2005 through February 2006."
Mr. LaStella further stated, "The reactor's capability is revolutionary. Most biodiesel plants processes require from one to one-and-a-half hours for complete chemical reactions to take place between vegetable oil, alcohol (methanol) and the catalyst. The GSPI reactors take less than two-minutes to complete the reactions. Furthermore, the advanced engineering design incorporates an inexpensive construction method to produce these reactors. The basic production cost to build them has been reduced to only $30,000 per reactor for a 10-million GPYC module. Smaller units will cost even less. This major engineering breakthrough will significantly reduce the costs and time to build biodiesel plants. The balance of the infrastructure -- which includes land, building, electrical, storage facilities, railroad access and final cleanup of biodiesel, will still be required."
Mr. LaStella further noted, "Most biodiesel plants also need large amounts of water to clean the biodiesel after completion of initial reaction conversion to attain quality ASTM grade biodiesel. GSPI also has been using a proprietary Waterless Biodiesel Cleanup System since December 2003 at the Bakersfield facility. GSPI's cleanup system negates the need for complex permits and significantly reduces construction expenditures associated with washing systems normally used in the industry."
For the full release please click on the following link: http://www.ewire.com/display.cfm/Wire_ID/3100
SOURCE: Green Star Products, Inc.
looks good
Very interesting, i didn't that!
BIGN: O-1's flow rate: 1450 mcfd...
How does that compare to average?
Recent Efficiency Improvements in the Natural Gas Production Industry
Efficiency improvements in the natural gas production industry since the introduction of wellhead price deregulation and open-access transportation can be gauged by examining a number of secondary measures. Indirect measures must be used, because per-unit production costs cannot be measured directly for a number of reasons, including:
* Co-production of natural gas, natural gas liquids, and oil from the same wells
* Reporting of natural gas reserves additions and natural gas well drilling activities at different points in time
* Inability to apportion “dry well” drilling costs precisely to oil and natural gas production
* Reporting of wells that produce both oil and natural gas as “oil wells”
* Lack of reporting on lease payments and geophysical expenses or, when they are reported, inability to apportion them to oil and natural gas.
Two secondary measures of natural gas production industry efficiency can be evaluated from 1985 through the present, a period when the industry has operated in a fully competitive market environment.
The initial flow rate of new natural gas well completions is an indicator of how well natural gas producers are doing in replacing depleted wells. As shown in the following figure, lower 48 gas wells have demonstrated higher initial rates of production, going from 1,341 thousand cubic feet per day per completion in 1985 to 1,712 thousand cubic feet per day per completion in 2000. Because initial production rates vary from year to year, a comparison of 5-year averages best illustrates the trend. From 1986 through 1990, the initial gas well completion averaged 1,451 thousand cubic feet per day per completion; from 1996 through 2000, the average initial completion rate was 1,900 thousand cubic feet per day per completion, an increase of 31 percent. Much of the improvement can be attributed to Texas, where the average initial flow rate increased from 975 thousand cubic feet per day per completion in 1985 to 1,732 thousand cubic feet per day per completion in 2000, a 78-percent increase. In comparison, the increases in other regions were less impressive: 3.8 percent for the Gulf of Mexico, 11.9 percent for Oklahoma, and 10.4 percent for the Rocky Mountain region.
Perhaps one of the least ambiguous measures of increased drilling efficiency is the percentage of dry holes drilled by the oil and natural gas industry in the pursuit of new oil and natural gas reserves. (Because dry holes cannot be strictly attributed to either the oil or natural gas side of the industry, the percentage of dry holes drilled in the search for natural gas cannot be determined.) Irrespective of the type of well drilled, dry holes have declined as a percentage of the total oil and natural gas wells drilled, as shown in the figure below.
http://biz.yahoo.com/pz/060518/99397.html
BIGN: Flushing out the naked shorts!
"Biogenerics Limited, because of previous delays, also confirms that the record date of May 19, 2006 for the Tyche Special Dividend is on schedule and will follow with the payment date of June 2, 2006 as mentioned in the May 3, 2006 press release."
Any naked shorts have to buy (cover) on or before June 2nd!
THIS will be interesting!!!
Did you know?...
Many investors are unaware that they can sell real estate properties and roll all the money forward into oil or gas producing wells without paying any tax on the profits from the sale of their real estate property. The IRS considers real estate and producing oil and/or gas properties as “Like Kind”. You can purchase either working interest or royalty interest in oil and gas wells with money that you otherwise would have paid in taxes. The 1031 Tax Free Exchange is one of the most valuable techniques for preserving profits by deferring taxes, thereby increasing the value of your investments. If you have recently sold, or are about to sell a real estate property, contact your tax advisor to learn more about how oil and gas projects can reduce your taxes and increase the value of your portfolio.
EDEX charts Round 2 coming up....
Note volume tapered off nicely during consolidation. Accum/distr strong, CMF strong, RSI below 50 and rising nicely.
EDEX Board:
http://www.investorshub.com/boards/board.asp?board_id=3690
Strata Oil & Gas Announces 2-for-1 Forward Stock Split, Oil Sands Project Update
Friday May 12, 4:00 pm ET
CALGARY, AB--(MARKET WIRE)--May 12, 2006 -- Strata Oil and Gas (OTC BB:SOIGF.OB - News) is pleased to announce that its Board of Directors has approved a two-for-one forward stock split of its common stock to shareholders of record at the close of business on May 10th, 2006. Trading will begin on a split-adjusted basis on May 12th, 2006.
ADVERTISEMENT
"This forward stock split is intended to enhance trading liquidity and broaden share ownership," said Manny Dhinsa, president of the company.
Strata's Peace River Oil Sands project is located directly to the southwest of Blackrock's Seal project. Blackrock was just purchased by Shell Canada in a friendly $2.4 billion cash offer.
Production in the Peace River Oil Sands area, which was once thought to require expensive thermal operations, has now been shown to be viable using cold production technology (CHOPS). Strata's scientific team has analyzed data from 21 existing wells that have been drilled on Strata's leases and an additional 165 wells in the area surrounding them.
The company has announced that it has engaged a Calgary-based petroleum exploration firm to assist in the planning, permitting and execution of a core hole drilling program on its 100%-owned Peace River Oil Sands project. The company's scientific team has recommended initiation of aggressive exploration on its wholly owned 26,000 acre oil sands package. The Peace River oil sands region of Alberta is estimated to contain more than 188 billion barrels of oil [Alberta Department of Energy, Cold Heavy Oil Production With Sand In The Canadian Heavy Oil Industry, Dr. Maurice Dusseault, March 2002].
"We believe the upside on our Peace River leases is substantial. Strata is uniquely positioned to provide exceptional shareholder returns in a rising oil market, and to provide greater exposure to petroleum prices by maximizing our in-place resource per common share," says Mr. Dhinsa. Strata Oil & Gas is a junior petroleum exploration company, with its head office located in Calgary, Alberta.
Strata Oil & Gas is a trademark of Strata Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Strata's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.
Contact:
Contact:
Terry Uppal
Investor Relations
Toll Free - 1-800-488-0032
Website: http://www.strataoil.com
TNOG striking additional deals! :) check the chart out on post #122
doc
MIKE PAULENOFF Oil heads to $75-78
MID-DAY MINUTE BY MIKE PAULENOFF:
Today's strength has popped oil to new recovery highs at $72, off of Monday's corrective low at $68.25. My work continues to "warn" me that the current upmove represents a new upleg that should retest the April high of $75.35 on the way to $77-$78. Only a sudden plunge that breaks $68.25 will damage the otherwise still-bullish intermediate-term outlook.
Read more and view the annotated chart at http://www.mptrader.com/markets.php
(c) 2006, MPTrader, published by AdviceTrade, Inc.
US oil worker killed in Nigeria
Another reason to stick with US.
Nigerian police: American oil worker shot dead in southern city
By AP Worldstream
Last Update: 5/10/2006 1:20:32 PM Data provided by
PORT HARCOURT, Nigeria, May 10, 2006 (AP Worldstream via COMTEX) -- An unidentified gunman riding a motorcycle shot and killed an American oil worker Wednesday in a southern Nigeria city, police said.
Police Commissioner Samuel Adetuyi said the American worked for the U.S. drilling equipment maker Baker Hughes Inc. and was riding in a car to his Port Harcourt office when the unknown assailant shot him. Adetuyi had no further details.
Baker Hughes spokesman Gene Shiels confirmed that the victim worked for the Houston-based company, but would not identify him until his family was notified.
Shiels also declined to release further details, noting the company was seeking information about the shooting.
The U.S. Embassy said it was investigating the report.
A new militant movement whose attacks on oil installations have cut more than 20 percent of Nigeria's of 2.5 million daily barrel production said Tuesday it would target oil workers with fresh attacks.
It was not clear if Wednesday's killing was linked to the threat from the Movement for the Emancipation of the Niger Delta. A movement spokesman couldn't be reached for comment.
The Movement for the Emancipation of the Niger Delta says it is fighting for local control of oil revenues by the impoverished inhabitants of the oil-producing delta who feel cheated out of the wealth produced in their backyards.
The group has kidnapped American and other foreign oil workers, but released them later unharmed.
EGY earns 18cents.
Robert L. Gerry, III, Chairman and CEO stated, "First quarter 2006 earnings benefited from a more robust global crude oil market as compared to first quarter 2005. The Etame field continues to perform to our expectations. During the quarter, we announced agreement with the Republic of Gabon for a five-year extension of the Etame Marine Permit, effective in July, as well as a new oil sales agreement with Trafigura Beheer B.V., at a significantly higher price.
"We are aware of reports being circulated today indicating VAALCO has been awarded an interest in Block 5 offshore Angola. VAALCO will discuss the status of the award at its scheduled conference call on Thursday, May 11, 2006.
"With respect to our development activities in Gabon, our Avouma project adjacent to the Etame field remains on track for installation of the platform this summer, and first oil production from Avouma to begin late in the fourth quarter. In February, the government of Gabon approved commercial development of the Ebouri field, northwest of the Etame field. This paves the way for carving out a twenty-year exploitation area and the filing of a development plan for the project. We also continue to make progress on our development opportunities onshore in Gabon, in Angola, and in the North Sea region."
I will put a buy order in at .04
Tommorrow, a 3 bagger off today's bottom? RSI below 70 and rising nicely, CMF looking very nice, same with accumulation distribution. IHub sentiment: very bullish. Cheap shares all gone, new shares all long.
BIGN BLOWOUT NEWS!!! 1450 MCFD....
BIGN Biogenerics Limited Announces 2nd Grimes Well is Online
PrimeZone Media Network - May 8, 2006 4:05 PM (EDT)
By Staff
TYLER, Texas, May 8, 2006 (PRIMEZONE via COMTEX) -- Biogenerics, Limited (Pink Sheets:BIGN) is pleased to announce that Ophelia 1 is the second of four gas wells to go online from its Grimes property in California. After its initial serge, production reports indicate that, after three weeks in operation, current flow rates for Ophelia 1 have stabilized at 1,450 mcfd.
Ophelia 1's initial yields represent a significant success for Biogenerics and their strategic alliance partner, Hydroslotter Corporation, in returning the Grimes region productive prominence. Numerous wells in the Grimes region were shut in nearly two decades ago with production from Ophelia 1 ceasing in 1989.
Biogenerics Limited is also pleased to announce that Mr. James Lancaster of Tyler, Texas has joined the board as Director and CEO. Mr. Lancaster brings 30 years of experience in various business ventures, primarily oil and gas.
"I have always been excited at the potentials of the Hydroslotting technology," stated the newly appointed CEO of Biogenerics Limited, "However, without the rigorous effort put forth by our excellent staff of professionals, it would have been extremely difficult to get Ophelia 1 online in such a stringent timeframe. On an additional note, we are also looking forward to getting the two remaining wells in the Grimes gathering system online in the very near future."
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation
About Hydroslotter Corporation:
Hydroslotter Corporation's proprietary technology deemed "hydroslotting", increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Website: http://www.bignltd.com
IDCN could it be the next FPPL runner?
BIGN - volume/chart primed for takeoff
pgpm is going to blast offffffffff
TNOG makes another big gain today. Anyone on this board seeing the potential for a breakout?
doc
CNBC NOW bush interview by kudlow. energy, ethanol etc
BIGN - on the move, strong possibility will be picked up by Shakerz nx wk or later today...P.
Aggie to an Aggie..... UPDA is to risky. Wait to invest on this one. Get in when it hits 0.10. UPDA puts out tons of good PR's, but pps continues to drop. Something extremely major is going to need to happen to bring this boy up.
UPDA news everyday...Oil Play...low floater...
May 1: http://biz.yahoo.com/bw/060501/20060501005519.html?.v=1
May 3: http://biz.yahoo.com/bw/060503/20060503005472.html?.v=1
May 3: http://biz.yahoo.com/e/060503/upda.ob8-k.html
May 5: http://biz.yahoo.com/bw/060504/20060504005743.html?.v=1
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