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Watch out on EESV ...there's reasons to be suspicious! ...
EESV has shown no activity for nearly 3 years, and has only recently seen an increase in pps. This could signify someone has shorted large quantities of shares, and intends to buy them back, when they fall to sub-pennyland again (if that be the case). Also, EESV lists no company address/headquarters/website, so just exactly where they're located, is anybody's guess! AND,
their share buyback program is a 'possible', not a 'for-sure'....another caveat emptor.
L~
P.S. Truly honest people have NOTHING to hide! My sentiments are, if they're a publicly traded company, everything should be 'out on the table'!
DOIG Delta Oil and Gas Discovers New Gas Pool in Todd Creek
Market Wire - November 23, 2005 9:00 AM (EDT)
SEATTLE, WA, Nov 23, 2005 (MARKET WIRE via COMTEX) -- Delta Oil and Gas, Inc, (OTC BB: DOIG) is pleased to announce that it has completed testing of its Todd Creek Well located in 13-28-9-2W5 in Alberta, Canada and the well has been classified as a new natural gas pool discovery. Log analysis shows that the well has intersected two gas formations with a combined net pay of over 80 feet. Preliminary natural gas reserve estimates for this well exceed 700 Million Cubic Feet of gas.
Construction of a new gas processing plant just south of this Todd Creek discovery is expected to commence shortly and Delta expects to tie its anticipated gas production into this gas plant by spring of 2006. The gas plant is initially capable of accommodating 10 million cubic feet of gas per day with significant expansion capabilities. While Delta will have no direct interest in the plant, the immediate access to market for its anticipated production from the area is of substantial benefit.
Delta has a 20% working interest in 13.75 sections of land (8800 acres) in Todd Creek with an option to earn 15% in 7 additional sections of land (4,480) acres. It is estimated that gas reserves per section could reach 2.0 Billion Cubic Feet of gas. Further development of Todd Creek is planned for 2006 involving the drilling of several additional potential gas wells. Drilling of the next Todd well, located at 6-28-9-2W5, is planned to commence upon completion of the gas plant.
About Delta Oil and Gas
Delta Oil and Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area and its interest in the Cache Slough Project in California. Delta Oil & Gas is looking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion; the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact Info:
Andrew Hay
1.866.355.3644
EESV Environmental Energy Services, Inc. (EESV) to Buy Back Stock
PR Newswire - November 23, 2005 8:00 AM (EDT)
- EESV Will Buy Back $200K Worth of Common Shares
EL RENO, Okla., Nov 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Environmental Energy Services, Inc. (OTC: EESV) announced today the Board of Directors approval of a stock buy back program and plans to purchase up to $200K at management's discretion. The company's shares will be repurchased through open-market transactions following SEC rules regarding such transactions.
"Our current cash position allows us to extend this share repurchase program to further improve shareholder value -- without adversely impacting operations," said EESV Chairman and CEO A. Leon Blaser. "We feel the stock is currently undervalued and this move will strengthen our position."
About EESV
Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.
SOURCE Environmental Energy Services, Inc.
Megan Geiss of Environmental Energy Services, Inc., +1-208-342-0983,
mgeiss@eesvinc.com
UPDA Retains Independent Oil and Gas Consultant; Adopts Due Diligence Methodology
Business Wire - November 23, 2005 8:43 AM (EDT)
JUNO BEACH, Fla., Nov 23, 2005 (BUSINESS WIRE) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA) continues to sharpen its focus on oil and natural gas development by retaining the independent oil and gas consultant, Landmark 4, LLC. in order to assist in its due diligence review of prospective acquisitions and the planning and evaluation of current work-over projects.
"Landmark brings extensive experience in UPDA's target areas of Utah, Nevada, Oklahoma, Texas and Louisiana," said UPDA Vice President Chris McCauley. "They have been working out there for many years and have developed countless contacts and a vast accumulation of information and resources."
Landmark's oil and gas expertise, coupled with UPDA's existing legal and financial abilities firmly establishes UPDA's rigorous due diligence methodology and demonstrates UPDA's absolute commitment to the maximization of shareholder value. Within the next month, Landmark will have representatives on the ground in Utah and Oklahoma inspecting sites and assisting in the preparation of work-over and drilling plans.
Steve Swain, Landmark's Chief Field Engineer, will review all work over and acquisition proposals and will act as primary inspector of the existing and proposed well sites on behalf of UPDA. He will then assist in the prioritization of the different projects in order that UPDA may maximize the return on its investments.
"Steve has experienced every aspect of the oil and gas business," continued McCauley. "His assistance will allow us to direct our capital appropriately and efficiently. I have worked with Steve on every oil and gas project in which I have been involved in the past ten years. He and the entire Landmark group are true oil and gas professionals. Together with the management of each of our subsidiaries, UPDA has assembled a team uniquely positioned to execute the UPDA business plan."
In unrelated news, on November 22, 2005, UPDA filed a Form 8-K signifying the execution of its definitive Joint Venture Agreement with USProduction and Exploration, LLC (USPX) which resulted in UPDA increasing its stake in Canyon Creek Oil and Gas, Inc. from twenty five percent (25%) to sixty five percent (65%) and committing additional funds for the development of its properties in Texas.
To date, UPDA has invested over $500,000 in Canyon Creek providing for the acquisition of several properties in addition to the work-over of existing wells in Archer, Young, Giddings and Coleman counties in Texas.
Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. In addition to this most recent acquisition, the Company has also acquired properties located in the Inez Field in Victoria County and the Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
For additional information visit: www.universalpropertydevelopment.com.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation (UPDA)
Peter Nasca Associates, Inc. (for Universal Property
Development and Acquisition Corporation)
Peter Nasca, 305-937-1711
info@updac.com
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GEL -3% end of run? ...or just a little profit-taking? ...
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IESV -5% and hitting new lows! ...
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CTUM -17% but still showing higher lows in a slow uptrend ..."one o' these days, Alice, to the moon!" -JG ... ...
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DOIG -11% ...new 6 mo. closing low. ...
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TWOG
Nice move all day today, solid, held its own, and now looking to gap again. Good luck!!!
http://stockcharts.com/def/servlet/SC.web?c=twog
Another 'bandwagoner', looks to me, Spockster. I hate to downgrade a company, but when they use tactics, it begs for scrutiny.
What gets me is the people who fall for it. So what if they're entering the O&G industry! At this point in the game, they're a little late, no? At least to be able to show any kind of profit/considerable progress for atleast another year or two!
First, there's leases they have to acquire. Then there's the rig, which is no easy thing to get, these days. Then there's the people to run the rigs! This without any seismic testing. Sheesh, I hope they got a LOT of money!
Perhaps they will, if enough suckers fall for spam!
VNBL - just got this $5000 spam email alert fwiw. Ya never know - putting ol' VNBL on watch.
Newsletter - Mid-November Issue, 2005
In October's issue we are going to profile
company involved in the Red Hot homeland
security sector. This company's st0ck is
very much undervalued considering the
potential of the industry and the position
of the company. (The perfect time to get in)
This small treasure is: VNBL (Vinoble, Inc.)
The st0ck is trading at only O.O4 - O.05
cents and we expect it could hit $0.10 -
$0.14 by early December.
Huge PR campaign expected this week so
grab as much as you can up to $0.10 range.
We all know it's the big announcements that
make these small gems move.
Company: Vinoble, Inc.
Symb0l: VNBL .OB
Current Price: $O.O41
Target_Price: .10
We expect the price to go to $O.10 in next
2-3 days. We expect the price to go to
$O.14 in next 3 weeks.
About the company:
Vinoble, Inc. is a holding company, which
is identifying and acquiring operational
business opportunities in the areas of
homeland security, security information
systems, and other security services to
provide long term growth for its
shareholders. Vinoble believes that the
opportunity to build a successful business
in the security sector is unprecedented.
The terror attacks on the United States on
September 11, 20O1 have changed the security
landscape for the foreseeable future. Both
physical and logical security, have become
paramount for all industry segments,
specially in the banking, healthcare and
government sectors. While the focus for
Vinoble is on North America, the opportunity
for security services is worldwide.
According to Giga, a wholly owned subsidiary
of Forrester Research, worldwide demand for
information security products and services
is set to eclipse $46B this year.
Why we believe VNBL will give big returns on
investment:
* At this time much of VNBL's focus is on
RFID (Radio frequency identification)
technology and it's uses in the oil and gas
industry. This is technology which uses
tiny sensors to transmit information about a
person or object wirelessly.
* VNBL is developing a form of RFID
technology which allows companies and
governments to wirelessly track their assets
and resources. Such technology has huge
potential in the protection and
transportation of materials designated "High
Risk" were they to fall into the wrong
hands.
* VNBL works on integration of the two afore
mentioned systems in order to create "High
Security Space" in locales where it is
deemed necessary. Locations which may take
advantage of such systems are airports, sea
ports, mines, nuclear facilities, and more.
***N E W S***
9/6 Vinoble to Enter the Oil and Gas Sector
9/9 Vinoble Agrees to Acquire and Interest
in an Oil and Gas Prospect
10/13 Vinoble Finalizes Asset Acquisition
Latest News:
MALIBU, Calif.--(BUSINESS WIRE)--Nov. 17,
2005--Vinoble, Inc. announced today that it
has completed and executed a definitive
agreement in acquiring a minority interest
in the Oil and Gas Prospect known as the
Clovelly Prospect. Since its discovery in
1950, the field has produced in excess of 30
MMBO (Million barrels of oil) and 200 BCFG
(Billion cubic feet of gas).
In September, Vinoble disclosed to
shareholders its intent to enter the oil and
gas production industry by announcing that
it entered into a Memorandum of
Understanding whereby acquiring a minority
stake in the Clovelly Prospect.
Subsequently, the Company has complied with
the terms of the MOU and has finalized an
agreement for the investment.
While oil prices remain staggeringly high
and gold reaching an 18 year peak at over
$485 per ounce, the Company is excited about
entering two strong markets where demand is
high and additional supply is necessary to
satisfy the demand. ORX Resources, Inc., the
operator of the Clovelly Prospect expects
dry well production to begin in 4 to 6
weeks. Vinoble also expects to begin
conducting an exploration and 700 meter
drill program on the Hazard property in
early 2006.
We believe that this is great news for
VNBL. Just at the time when more domestic
oil operations are starting up, VNBL comes
in with a great product and solid
acquisition.
Go VNBL!!!
Please watch this one trade all week!
____________________________________________________
Disc|aimer:
Informati0n within this emai| c0ntains "f0rward_l00king st4tements" within the meaning of Sect10n 27A of the Secur1t1es Act of 1933 and Sect10n 21B of the S3cur1t1es Exchange Act of 1934. Any st4tements that express or inv0lve discussi0ns with respect to predicti0ns, g0als, expectati0ns, be|iefs, plans, pr0jecti0ns, objectives ,assumptions or future events or performance are not statements of hist0rical fact and may be "f0rw4rd l00king statements."In compliance with Sect10n 17(b), we disclose the payment of 5OOO do||ars pri0r to the publication of this report. Be aware of an inherent conflict of interest resulting from such payment.
GAXI chart..contines up 5%...
FLWE chart..up 14%..
CSCE chart..up 10%..
FNGC chart..up 15%..
OMOG OMDA Oil and Gas, Inc. Announces Initial Hook-Up and Sales of Three Tennessee Natural Gas Wells
Also Gives Update on Legal Action Against Former Management
HOUSTON, TX -- (MARKET WIRE) -- 11/22/2005 -- OMDA Oil and Gas, Inc. (OMOG), an oil and gas production company (OTC: OMOG), through its Chairman, Adam Barnett is pleased to announce the successful completion and initial sales from all three of its Gernt natural gas wells drilled with Young Oil Corp. The three wells were tied into the sales line on Friday and Saturday, and according to Young, they began producing at an approximate total of 120,000 cf/day. As the wells "clean up" by production, Young expects the production to increase over the first month and then stabilize. These wells typically show a small decline after a number of months and produce as long as 20 years. OMDA holds a 20% working interest in these wells.
As announced in a prior press release, these wells, as well as similar wells in the field are initially producing from the Monteagle and Ft. Payne zones. While there is a thick section of gas bearing shale in these wells, the cost of doing a full "frac" to commercially produce the shale has not been considered economical in the past. This type of procedure can cost as much as half again the price of drilling and completing the Monteagle and Ft. Payne; however, due to the current prices of natural gas, shale completions are now being done with excellent success in this field. If results from other wells in the field remain favorable, it is likely that one or more of our wells may be selected for a shale "frac" early next year.
Adam Barnett, CEO stated, "While the time from drilling to finally selling the gas from these wells turned out to be considerably longer than originally anticipated, management and consultants feel that the delays were caused by circumstance beyond Young's control. With this in mind and after results from these first three wells are further evaluated, it is my intent to start exercising our 'right of first refusal' allowing OMDA to participate in future gas wells of our choice on Young's 46,000 acres. The economic benefits verses the risks in this gas field are just too good at current prices to ignore."
LEGAL UPDATE
While the company, on advice of counsel, has been under a somewhat self-imposed information gag, events have actually been moving at a relatively fast pace. While many details still cannot be released, a trial date has now been set by the court in Harris County, Houston TX, for April 17, 2006. Counsel has recently stated their opinion that OMDA's case has continued to get stronger as more information is discovered.
More information on both OMDA's Oil and Gas projects and legal actions can be found at the Company's website. http://www.omogoil.com
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc and its wholly owned subsidiary's, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc and OMDA Oil & Gas, Inc. (Texas) are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County TX, and is currently partnered up with Young Oil Corp, the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts.. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
OMDA Oil and Gas, Inc.
Investor Relations
800-621-0113
IR@omogoil.com
www.omogoil.com
PXTE Paxton Energy Announces Production From the Cooke Ranch #3 Well
PR Newswire - November 22, 2005 9:03 AM (EDT)
RANCHO CORDOVA, Calif., Nov 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Paxton Energy, Inc. (OTC: PXTE) announced today that the company has been advised by the operator Bayshore Exploration LLC, that sales of sweet crude oil have commenced effective November 17th 2005 from the Cooke Ranch #3 Escondito discovery well (CR#3) at the Cooke Ranch Field, La Salle County, Texas. Currently, the CR#3 is producing natural gas at rates of 250 thousand cubic feet of gas per day (mcf) through a "14/64" choke and 175 barrels of oil per day (bbls) while recovering completion fluids. Production characteristics from the Cooke Ranch #3 well are expected to be consistent with existing production in the area from other Escondito fields.
Paxton's Chief Operating Officer, Keith Mckenzie stated, "We are excited with the new discovery in the Cooke #3 well of a commercial Escondito field. Several Escondito fields in the area are currently producing in excess of 8 million cubic feet a day of natural gas equivalent. The Escondito represents a low risk development resource that will greatly enhance shareholder value and will be our focus in the company's 2006 drilling schedule."
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.
Contact: Richard Brunette, V.P. Corporate Finance, +1-604-821-0488, or rb@paxtonenergyinc.com, or investor relations, Gordon Friesen, V.P. Corporate Communications, +1-604-889-1241, or gordf@paxtonenergyinc.com, both of Paxton Energy, Inc.
SOURCE Paxton Energy, Inc.
CSCE Cascade Updates Pipeline Construction -- Tie-in of Well Scheduled for November 28
Market Wire - November 22, 2005 9:00 AM (EDT)
TUCSON, AZ, Nov 22, 2005 (MARKET WIRE via COMTEX) -- Cascade Energy, Inc. (OTC BB: CSCE) today is pleased to announce that the tie-in for the Empress "11-16" gas well is underway. The surface at the lease is being leveled and graveled today at which time the site will be prepared for the separator. The gas pipeline tie-in equipment will be delivered on Wednesday and connected over the next couple of days. The physical pipeline construction work will commence today. Cascade and the operator should be ready to have all the work completed and officially commence commercial production on Monday, November 28.
ABOUT CASCADE ENERGY
Cascade is an explorer for natural gas and oil. The primary objective of Cascade is to acquire, discover, upgrade and expand North American onshore oil and gas reserves towards near-term production and cash flow, together with identifying and participating in exploration opportunities. By maintaining a balanced debt and equity mix, Cascade's operating strategy is to become cash flow positive in the short term to allow the Company a re-investment of production dollars to enhance and grow company assets. By searching and identifying exploration and producing properties that fit the company's investment and production criteria, Cascade has formulated a strategy to prioritize assets that provide low risk, short payback period and long life reserves.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties 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. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Cascade Energy Inc. has little or no control.
ON BEHALF OF THE BOARD
Cascade Energy, Inc.
William Marshall
Contact:
William Marshall
1-888-359-9565
SVSE Silver Star Updates Planning for "Archer F-1" Gas Well at North Franklin
Market Wire - November 22, 2005 9:00 AM (EDT)
LOS ANGELES, CA, Nov 22, 2005 (MARKET WIRE via COMTEX) -- Silver Star Energy, Inc. (OTC BB: SVSE) today wishes to update the planning for the "Archer F-1" deep Forbes test, the next gas well to be drilled at the Company's North Franklin gas reservoir, Sacramento Basin California. Silver Star has advanced funds to the operator in full for the Company's share of the drilling costs for the well.
The construction of an all-weather road and drilling pad is ongoing now that well licensing and permitting have been completed. This will allow drilling to proceed during the wet season when conditions usually prevent mobilizing drilling equipment. The operator is currently sourcing a suitable drilling rig capable of reaching the main objective, that being the 11,800-foot Forbes F-zone.
The deep Forbes F-zone has the potential to contain 60 Bcf gas. The well location offsets the productive upper Winters sand discovered in 2004 and will test both the upper and middle F-zone fans at a structurally favorable position. In the event that the F-zone is not productive at this location, the well could be put into production from the Winters as the third producing well in the reservoir. The 11,800-foot well is estimated to cost through completion and tie-in, approximately $2.4 million.
As previously announced, the Forbes F-zone lies beneath the younger Winters sand that is currently producing from the Archer-Whitney #1 and Archer-Wildlands #1 well at the North Franklin gas reservoir that has under lease 3,465 gross acres covering both the Winters and Forbes formations. The deep F-zone has approximately 1,200 acres of structural and stratigraphic closure based on mapping of the seismic anomaly. It is defined by regional well control and 2-D seismic data from three seismic lines. The strong AVO anomaly as seen on the seismic indicates that gas may be present.
Gas is expected to be contained in permeable, Upper Cretaceous, deep-water F-zone sandstones that are of equivalent age to sandstones that are the major producing zones in the northern portion of the Sacramento Valley. An estimated 75 feet of net reservoir sandstones are expected to be present in the upper and middle F-zone fans at the proposed test location. Equivalent Forbes sandstones are the chief producing gas reservoirs in the northern Sacramento Valley having produced in excess of 2 Tcf of gas.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties 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. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at www.silverstarenergy.com.
Investor Information:
1-888-803-SVSE (7873)
Silver Star Energy, Inc.
SOURCE: Silver Star Energy, Inc.
FDEI Fidelis Updates Planning for ''Archer F-1'' Gas Well at North Franklin
Business Wire - November 22, 2005 9:00 AM (EDT)
TUCSON, Ariz., Nov 22, 2005 (BUSINESS WIRE) -- Fidelis Energy, Inc. (OTCBB:FDEI) today wishes to update the planning for the "Archer F-1" deep Forbes test, the next gas well to be drilled at the Company's North Franklin gas reservoir, Sacramento Basin California. Fidelis has advanced funds to the operator in full for the Company's share of the drilling costs of the well.
The construction of an all-weather road and drilling pad is ongoing now that well licensing and permitting have been completed. This will allow drilling to proceed during the wet season when conditions usually prevent mobilizing drilling equipment. The operator is currently sourcing a suitable drilling rig capable of reaching the main objective, that being the 11,800-foot Forbes F-zone.
The deep Forbes F-zone has the potential to contain 60 Bcf gas. The well location offsets the productive upper Winters sand discovered in 2004 and will test both the upper and middle F-zone fans at a structurally favorable position. In the event that the F-zone is not productive at this location, the well could be put into production from the Winters as the third producing well in the reservoir. The 11,800-foot well is estimated to cost through completion and tie-in, approximately $2.4 million.
As previously announced, the Forbes F-zone lies beneath the younger Winters sand that is currently producing from the Archer-Whitney #1 and Archer-Wildlands #1 well at the North Franklin gas reservoir that has under lease 3,465 gross acres covering both the Winters and Forbes formations. The deep F-zone has approximately 1,200 acres of structural and stratigraphic closure based on mapping of the seismic anomaly. It is defined by regional well control and 2-D seismic data from three seismic lines. The strong AVO anomaly as seen on the seismic indicates that gas may be present.
Gas is expected to be contained in permeable, Upper Cretaceous, deep-water F-zone sandstones that are of equivalent age to sandstones that are the major producing zones in the northern portion of the Sacramento Valley. An estimated 75 feet of net reservoir sandstones are expected to be present in the upper and middle F-zone fans at the proposed test location. Equivalent Forbes sandstones are the chief producing gas reservoirs in the northern Sacramento Valley having produced in excess of 2 Tcf of gas.
ABOUT FIDELIS ENERGY INC.
Based in Tucson, AZ, Fidelis Energy is an oil and gas company dedicated to solving North America's complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties 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. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fidelis Energy, Inc. has little or no control.
For more information, please visit our website at www.FidelisEnergy.com, or contact:
Investor Relations 888-894-3334 (Contact: William Marshall)
ON BEHALF OF THE BOARD
Fidelis Energy Inc.
William Marshall -- President
SOURCE: Fidelis Energy, Inc.
Fidelis Energy, Inc., Tucson
William Marshall, 888-894-3334 (Investor Relations)
TREN Torrent's Second Exploration Project Now Includes 115,000 Acres in Washington State
Business Wire - November 22, 2005 9:00 AM (EDT)
VANCOUVER, British Columbia, Nov 22, 2005 (BUSINESS WIRE) -- Torrent Energy Corporation (the "Company") (OTCBB:TREN) and its wholly owned operating subsidiary, Cascadia Energy Corp., ("Cascadia") are pleased to announce the following developments.
Under the terms of an agreement with a major forest products company announced on August 17, 2005, Cascadia has completed its preliminary geological review of a 365,000 acreage block in southwestern Washington and has selected 100,000 of the most prospective acres for continued exploratory evaluation. Cascadia also retains a two-year right of first refusal on the balance of this acreage.
Based upon the geological interpretation of this initial 100,000 acreage block and the surrounding area, Cascadia decided to aggressively pursue additional acreage at the November competitive lease auction held in Olympia, Washington. The approximate 15,000 acres that was acquired from the State of Washington Trust lies directly adjacent or contiguous to Cascadia's 100,000 acre block. The acreage for which Cascadia was the high bidder was part of an inventory of State managed mineral parcels which received a significantly higher level of industry attention than previous lease sales. These properties include potential for both natural gas from coal and conventional natural gas opportunities.
Cascadia and its 40% partner, St. Helens Energy LLC, are coordinating a plan with the following steps:
1. continued geological assessment of this area, including seismic and existing well data
2. selective land purchases and continued land title work
3. review of specific sites for an exploratory work program, which may include a core hole program and/or a pilot well program
Mr. Thomas Deacon, President of Cascadia, indicated, "The large Cedar Creek area reflects an opportunity to evaluate multiple, previously identified geologic leads and coal seams in a known coal-producing area of the Northwest which is very close to an existing interstate pipeline, gas storage fields and strong markets for natural gas."
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing primarily on developing non-conventional natural gas reserves. The Company's current focus is the exploration of the Coos Bay Basin project in southwestern Oregon through its Oregon subsidiary, Methane Energy Corp., where the Company currently has a land portfolio that is in excess of 100,000 acres. The Company is also currently evaluating the potential of the Chehalis Basin of southwestern Washington through its Washington subsidiary, Cascadia Energy Corp., where the Company has a land portfolio that includes over 115,000 acres. For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
Mark Gustafson, President
GSHF GreenShift Executes Agreement to Invest in Aerogel Composite; Proprietary Carbon Aerogel Nanostructures Increase Efficiencies for Fuel Cells, Emissions Controls and Energy Storage
Business Wire - November 22, 2005 8:46 AM (EDT)
Jump to first matched term
MOUNT ARLINGTON, N.J., Nov 22, 2005 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that it has entered into an agreement to invest $500,000 in Aerogel Composite, Inc. ("ACI"), a development stage materials science company with proprietary technologies involving meso-porous carbon aerogel composites.
Under the terms of its agreement with ACI, GreenShift will purchase 25% of ACI's outstanding stock and receive certain commercial rights in return for GreenShift's investment and its provision of strategic business development and other services. Under its agreement, GreenShift additionally has the option to acquire an additional 5% of ACI.
Aerogel Composites
Aerogels are solid-state substances similar to gels but where the liquid phase is replaced with gas. Aerogels have a highly dendritic tree-like structure and rank among the world's lowest density solids. They have a remarkably high surface area and are very porous and light. Their microstructure and physical properties can be manipulated at the nanometer scale by selection of raw material and modification of manufacturing conditions. Aerogel products can be engineered to exhibit desired thermal, acoustic, mechanical and/or chemical properties. Aerogel materials can be produced as monoliths, thin-films, powders, or micro-spheres to respond to given application requirements.
There are three major types of aerogels: inorganic, organic and carbon aerogels. Inorganic aerogels are obtained by supercritical drying of highly cross-linked hydrogels synthesized by polycondensation of metal alkoxides. Silica aerogels are the most well known inorganic aerogels. Organic aerogels are synthesized by supercritical drying of the gels obtained by the sol-gel polycondensation reaction of resorcinol with formaldehyde in aqueous solutions. Carbon aerogels are prepared by pyrolyzing organic aerogels in an inert atmosphere.
Carbon aerogels are electrically conductive and have very high porosity of over 50%, with pore diameters ranging from 2 to 50 nanometers, and extremely high surface areas ranging between 400-1000 square meters per gram.
ACI's Patented and Proprietary Technologies
ACI has patented nanotechnology for the preparation of aerogel composites for a wide variety of applications. Applications of ACI's Hyrogel(TM) carbon aerogel supported catalysts are planned to include hydrogen powered stationary and mobile PEM fuel cells, direct methanol fuel cells (DMFC) for portable electronic devices such as laptop computers and cell phones, and other metal oxide aerogel supported catalyst for catalytic converters for gasoline and diesel powered vehicles and other internal combustion engines.
Hiro Hara, president, chief executive officer and founder of ACI, said that: "We have many years of development into our technology and we are very much looking forward to bringing the many applications of our technology to market. We expect that GreenShift's investment will accelerate this process and we are pleased to have their support."
The unique nanostructure of the ACI carbon aerogel offers higher electrochemical surface areas, better mass transport, reduced or eliminated ionic contamination and price competitiveness. This translates into both lower cost and higher performance when applied to current membranes on the market. ACI's initial products are high performance electro-catalysts for fuel cells, non-electro-catalysts for emissions control, and aerogel materials for energy storage.
ACI's electro-catalyst products achieve equivalent catalytic performance at one half to one tenth the precious metal loading commonly achieved by current technology. These catalysts are the primary cost drivers in all of the markets ACI is addressing. ACI's technology directly addresses the cost of fuel cell systems by lowering the platinum cost in the membrane electrode assembly (MEA).
For example, ACI's Hyrogel(TM) Carbon Aerogel Supported Platinum Catalyst (CASPC) reduces the platinum requirements of hydrogen powered proton exchange membrane (PEM) fuel cells by over 90% from recently prevailing levels. Based on industry feedback, ACI believes that its electro-catalyst is the most efficient and most economical PEM electro-catalyst available today.
ACI has also produced catalyst coated membrane (CCMs) or three piece membrane electrode assemblies ("MEAs") for PEM fuel cells, incorporating its proprietary Hyrogel(TM) electro-catalyst. These CCMs/MEAs have achieved a performance of one watt per square centimeter, requiring less than 0.1 milligram per square centimeter of platinum on the cathode. Based on industry data, ACI believes that this performance is unmatched.
Additionally, in catalytic emissions control systems, ACI's technology reduces precious metal loading and therefore cost. In 2003, the $4 billion market for emission control catalysts utilized $3.19 billion of platinum group metals. This market is expected to grow significantly due to increased regulation, stricter enforcement and rising demand for diesel automobiles in Europe and the U.S.
Other potential applications of ACI's platform technology include materials for ultra-capacitor electrodes, hydrogen and energy storage, catalyst for fuel reformers, specific gas sensors, biosensors, and desalination of water.
"We see Mr. Hara's technology as another remarkable example of leveraging an incremental improvement in efficiency into dramatic environmental gains," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "ACI's technology reduces the need to consume virgin precious and other metals and, consequently, manufacturing costs for environmentally-beneficial products such as fuel cells and emissions controls. We believe that decreased costs for such products will eventually equate to increased production and more environmentally proactive products in the hands of more consumers. Technologies like ACI's have the potential to initiate cascade effects in environmental gain and we intend to support ACI in any way we can. We are very excited to include this important and timely company and their technology in our portfolio."
ACI was introduced to GreenShift by Ardour Capital Investments, LLC, an investment banking, equity research and advisory service firm for the energy technology sector.
About GreenShift Corporation
GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (OTC Bulletin Board: VRDM);
-- INSEQ Corporation (OTC Bulletin Board: INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: GreenShift Corporation
GreenShift Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
investorrelations@greenshift.com
www.greenshift.com
or
CEOcast, Inc.
Ed Lewis, 212-732-4300
I/O Announces Vice President of New Ventures - FireFly
PR Newswire - November 22, 2005 07:01
Senior Manager to Lead Development and Commercialization Efforts for I/O's New Cableless Land Imaging System
HOUSTON, Nov 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Input/Output, Inc. (NYSE: IO) today announced the appointment of Jim Hollis to Vice President of New Ventures - FireFly. The organizational announcement follows the launch of FireFly, a revolutionary cableless land imaging system, at the SEG (Society of Exploration Geophysicists) Conference in early November. Mr. Hollis is currently the Vice President of I/O's Land Imaging Systems Division and will transition fully into his new position by the first of next year.
Bob Peebler, I/O President and CEO, commented on the announcement, "Since early 2004, FireFly has been a major product development program for the company. Our initial efforts focused on the ground electronics and recording system but, as the program advanced over the past year, we are now integrating technologies from all parts of I/O, including Concept Systems and GX Technology. We hope to deliver dramatically improved image quality and bring game-changing productivity to the seismic industry by developing a comprehensive land imaging system. As we move toward the commercialization of the product with our launch partners, including both seismic contractors and oil & gas companies, it is important to appoint one of our senior business unit leaders to manage the program. Jim Hollis is uniquely qualified for the role given his most recent experience in managing our Land Imaging Systems Division, which had previously overseen the FireFly program. Jim also has a strong geophysical background and has a clear understanding of the imaging objectives required by the oil & gas companies to address today's seismic challenges."
Jim Hollis, VP of New Ventures - FireFly, added, "FireFly is a revolutionary land imaging system that will require close collaboration with seismic contractors and oil & gas companies to ensure its rapid adoption across the industry. Throughout the I/O family of companies, we have the geophysical experts and technologies to help our customers take full advantage of the cableless solution for full-wave, fully sampled data. I am excited to be leading this program and look forward to helping shape the next-generation land imaging system for the industry."
For more information on FireFly, please visit http://www.i-o.com .
About I/O
I/O is a leading, technology-focused seismic solutions provider. The company provides cutting-edge seismic acquisition equipment, software, and planning and seismic processing services to the global oil and gas industry. I/O's technologies are applied in both land and marine environments, in traditional 2D and 3D surveys, and in rapidly growing areas like time-lapse (4D) reservoir monitoring and full-wave imaging. Headquartered in Houston, Texas, I/O has regional offices in Canada, Latin America, Europe, China, Russia, Africa and the Middle East. Additional information is available at http://www.i-o.com .
Contact: Kelly Smith, Director - Corporate Marketing Communications
+1 281 879 3593 or ksmith@i-o.com
FireFly(TM) is a trademark of Input/Output, Inc.
The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may vary fundamentally from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risk factors that are disclosed by I/O from time to time in its filings with the Securities and Exchange Commission.
SOURCE Input/Output, Inc.
Kelly Smith, Director - Corporate Marketing Communications of Input-Output, Inc.,
+1-281-879-3593 or ksmith@i-o.com
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved. ********************************************************************** As of Friday, 11-18-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 11-02-2005 for IO @ $7.92. (C) 2005 Comtex News Network, Inc. All rights reserved.
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