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Happy New Year Everyone, looking to get things started here! GL to you all and may the new year bring everyone a prosperous year!
* UNG Charts * 34.05
Nat. gas inventory report comes out tomorrow...this may be one to own...Cheers Friend(s) and Good Luck
JT
GBLK -.011 Has Determined the Drilling Location of the First Natural Gas Well Prospect
Dec 27, 2007 1:37:00 PM
2007 PrimeNewswire, Inc.
View Additional ProfilesHOUSTON, Dec. 27, 2007 (PRIME NEWSWIRE) -- JR Oil & Gas Inc.'s (Pink Sheets:GBLK) New Years Resolution is to take advantage of this beautiful and promising well location in this historically lucrative gas market we are in right now. Oil is at approximately $95.00 dollars a barrel and Natural Gas is over $7.00 per thousand cubic feet.
JR Oil & Gas Inc. has determined the drilling location of the first natural gas well on its lease of 121 acres in Wharton County, Texas. The company, via 3-D seismic data, has discovered a shallow pocket or "bright spot" as an indicator that hydrocarbons exist on this location. The prospective drilling site is located in a prolific Texas natural gas producing area that is known for its abundant hydrocarbons.
The drilling depth of the first prospective well will be shallow, approximately 3,500 feet in total depth. The natural gas is located in the Shallow Frio Miocene sands formation, which will make for an extremely cost efficient well drilling. We are pleased to have the scientific data and experienced geophysical staff to analyze the data, and base our decision to drill at this location. We are fulfilling our objectives and staying true to our plan of business and strategy. The well could yield a significant reserve of potential natural gas. The natural gas in this formation is a dry natural gas that is relatively easy to process into pipeline quality gas. We intend to begin drilling very soon; we anticipate having a drilling rig on site within 100 days.
After the well is completed at about 3,500 feet, we intend to drill further wells at deeper depths on the same lease. There are multiple pay zone depths on the same lease. For example, the Yegua formation, at depths of 9,000 to 11,000 feet, has the potential for significant reserves of natural gas as evidenced by seismic data and other nearby producing wells.
About The Prolific Wharton County Region
Overall, Wharton County is a major producer of natural gas in the region, with over 835,902,402 million cubic feet (MCF) of GW gas produced since 1993. Wharton County has also seen major oil production during this period.
Further information about JR Oil & Gas is available on the company's website: www.jroilandgas.com
Forward-Looking Statements: Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal 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 in such forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.
PLTG .15 Announces Proven Reserves Exceed $3 Per Share
Thursday December 27, 9:00 am ET
CHEYENNE, WY--(MARKET WIRE)--Dec 27, 2007 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) reports, since early 2007, estimated proven oil reserves held by Platina have almost doubled in value. Platina's combined reserves now reflect potential appreciation by more than 35% for the year exclusive of recent acquisitions. This translates into reserve estimates exceeding $3 per share.
According to Blair Merriam, "It will be up to the market place and shareholders to determine the hidden potential of the Company's value and to make informed investment decisions."
As reported by the Wall St Journal on Saturday, "Oil-price prognosticators, bruised after an unusually volatile spell in the oil patch, have reached a rough consensus on next year: Oil will be even costlier, even if the economy cools.
"Consumers are likely to pay a lot more at the pump, too. The Energy Department predicts that far higher average oil prices will force gasoline prices to even out at $3.11 next year, up 10%... "
About Platina Energy Group
Platina Energy is a fast growing E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German inspired oil extraction technology completing the R & D phase. The Company continues to be aggressive in acquiring new and existing producing fields.
RISK/SEC DISCLAIMER
Information contained herein contains forward-looking statements; not guarantees of future success.
The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, that could cause actual results to differ materially from those estimated herein.
Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood.
Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings.
Oilfield leases, contain certain terms and stipulations, often developmental or financial, that may require performance by the lessee. This could result in loss of future rights and underlying assets.
Contact:
Contact Information:
Platina Energy Group
Blair Merriam
Email Contact
http://www.PlatinaEnergyGroup.com
Nice JT..I've followed this one in the past, but not currently holding, wish I was!
KOG doing well the last couple of days...anybody holding?
AGT: .59 Chart has had a nice push up
* VNR Charts * 15.25
Good Morning and Merry Christmas to you Trendfinder and to the Trendy Natural Resources Board.....
Cheers and Good Luck to ALL!
(Exchanges will be closing early Monday ahead of the Christmas holiday, with the New York Stock Exchange, the Nasdaq capital and global markets and the American Stock Exchange all due to close at 1 p.m. Eastern time.)
pdrt
Particle Drilling Technologies (PDRT - Cramer's Take - Stockpickr), a development-stage company nearing commercialization. Its technology is designed to increase the rate of penetration in the drilling process, primarily in hard-rock drilling environments.
"The management comes from Baker Hughes and each successive test has yielded significant improvements," says Johnson. "We expect big things from this company in 2008."
http://www.thestreet.com/_yahoo/newsanalysis/assetmanagers/10394816_2.html
BPG -.20 showing some possibilities here.
Posted by: Otctrendfinders
In reply to: None Date:12/17/2007 10:47:55 PM
Post #of 10412
CGLD .65-Announces First Fiscal Quarter Financial Results
12/17/2007
NEW YORK, Dec. 17, 2007 (Canada NewsWire via COMTEX News Network) --
Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) said today that production at their El Chanate mine in Sonora, Mexico, is well on target and, in many sectors, exceeding expectations.
In outlining the Company's progress, Capital Gold's Chairman, Gifford Dieterle, noted that at a time when many mining companies - especially the junior sector - were languishing, Capital Gold was bucking the trend. "By any reckoning, we are doing very well. Production is on target and our costs are below the industry standard," he said.
He noted that the El Chanate open pit gold mine, which began production in August, has already compiled an impressive first quarter sale and income story.
<<
-- Through October 31, 2007, net sales were $6,526,000 based on 9,194
ounces of gold sold at an average sale price of $710.
-- Net income was approximately $1,747,000 which equates to a fully
diluted income per share of $0.01.
-- Cash costs of just $239 - well below the gold industry average of
approximately $371 per ounce.
>>
John Brownlie, Capital Gold's Chief Operating Officer, said the team had, throughout the mine's development, been singularly conscious of reducing costs which had paid off handsomely. "We incorporated the very latest production and recovery procedures. Through October 31, 2007, we have placed 1.45 million tonnes of ore on the leach pads, containing approximately a cumulative 40,100 ounces of gold, of which 26,800 are estimated to be recoverable. With this rate of production and given our low costs, we are well positioned to take every opportunity that comes our way," Brownlie said.
Mr. Dieterle added that these were excellent results. "However, be assured we are not resting on our laurels, but are moving aggressively into our second quarter of production. This fiscal quarter to date, 4,230 ounces of gold have been sold at an average sale price of $812.35 per ounce," he said.
A conference call discussing the first quarter results, will be held before the market opens for trading on Tuesday December 18th, 2007, at 8:30 AM Eastern Time which will be accessible through dial-in conferencing.
Dial-In Numbers: 1-800-747-5150 (US)
<< 1-647-723-3981 (International) >>
Once connected, you will be asked to enter an access code, which is: 9293746
Chris Chipman, Chief Financial Officer, John Brownlie, Chief Operating Officer and Jeff Pritchard, VP Investor Relations will host the conference call. There will be a question and answer period at the end of the call. Please call in at least five minutes prior to the conference call start time. The call will be archived and available on the Company's web site.
<< About Capital Gold >>
Capital Gold Corporation (CGLD:CGC) is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the El Chanate gold property in Sonora, Mexico. The proven and probable reserve is now 832,000 ounces of gold. Further information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, www.capitalgoldcorp.com.
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward- looking statements include comments regarding the establishment and estimates of mineral reserves and non-reserve mineralized material, future increases in mineral reserves, the recovery of any mineral reserves, grade, processing rates and capacity, estimated future gold production, potential mine life and future growth of the company. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals; the availability of adequate water supplies; mining or processing issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
Any forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual, results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
SOURCE: Capital Gold Corporation
Jeff Pritchard, VP-Investor Relations, Capital Gold Corporation, +1-212-344-2785,
Fax, +1-212-344-4537, pritchard@capitalgoldcorp.com; Media, Victor Webb or Madlene
Olson, Marston Webb International, +1-212-684-6601, Fax, +1-212-725-4709,
marwebint@cs.com; or Investors in Canada, Robin Cook, Account Manager, CHF Investor
Relations, +1-416-868-1079, Fax, +1-416-868-6198, robin@chfir.com Web Site:
http://www.capitalgoldcorp.com
Copyright (C) 2007 CNW Group. All rights reserved.
GLFE: .7991 to Participate in Proposed LNG Terminal
12/17/2007
HOUSTON, TEXAS, Dec 17, 2007 (Marketwire via COMTEX News Network) --
Gulf United Energy, Inc. (OTCBB:GLFE) is pleased to report that its 24 percent owned subsidiary Fermaca LNG de Cancun, S.A. de C.V., through its 50 percent owned interest in SIIT Energy, S.A. de C.V. has undertaken to participate in the development of a 300-500 MMCFD (million cubic feet per day) liquefied natural gas (LNG) terminal on Mexico's Yucatan Peninsula. The LNG project was contemplated in the Company's recently closed transaction with Cia. Mexicana de Gas Natural, S.A. de C.V. (MGN) establishing joint venture companies for this and the previously announced natural gas pipeline project, also on the Yucatan Peninsula.
The proposed terminal, with an estimated completion date of 2011, would make available a reliable source of natural gas for present and future power generation projects, as well as to the local market. Arcan Engineering, an independent consultant, has inspected the proposed LNG terminal site, concluding it to be a feasible location for the project. The preliminary engineering for the re-gasification facility has been completed and the necessary permits are under preparation as are extensive discussions with potential LNG supply sources. We continue to be encouraged by the relevant government authorities as they stress the importance of having infrastructure of this nature on the Yucatan Peninsula considering that Mexico is projected to be net importers of natural gas by 2015.
The cost to complete the project is estimated to be approximately US$500 million. A significant portion of the financing has been secured, with additional funds expected to come from a combination of equity and project based debt financing.
With regard to the previously announced natural gas pipeline project, Gulf United's 24 percent owned subsidiary, Fermaca Gas de Cancun, S.A. de C.V., through its 50 percent interest in Energia YAAX, S.A. de C.V., is continuing with project development and to that end the first of several permits, which MGN has been working on for over three years, were submitted to Semarnat (environmental authorities) for their review on September 5, 2007 and a request for additional information was received by MGN on November 16, 2007. The information requested has been submitted and approval is expected in early 2008.
Original plans called for the pipeline to be a 16 inch diameter, 234 km bi-directional line with a capacity to transport approximately 183 million cubic feet per day of gas. Based upon information received from the involved government authorities, engineering work is underway to increase the diameter of the line to accommodate up to 500 million cubic feet per day of gas. This change in diameter would allow the transport of gas from the existing Mayacan pipeline, owned by Gaz de France, thus meeting the demand of the industrial and power generation plants located in the cities of Valladolid, Cancun, and Nizuc until completion of the proposed LNG re-gasification facility. Upon completion of the re-gasification facility and the delivery of LNG, the pipeline would be able to transport gas to desired locations in the cities of Valladolid, Cancun, Nizuc, and Merida as well as being a net provider of gas back into the Mayacan pipeline.
As with the LNG terminal, financing for a significant portion of the estimated $US140 million project cost has been secured with the balance expected to come from a combination of equity and project based debt financing.
Additionally, Gulf United is evaluating potential oil and gas exploration projects both in the US and internationally as a part of its plan to develop an active upstream business unit. Discussions with potential financing sources are underway for both the infrastructure and exploration units.
Don Wilson, President of Gulf United, comments, "We continue to work with our Mexican partners to develop our Yucatan Peninsula projects. Both projects are very important to the future of the region and we expect them to provide Gulf United with a substantial asset base and meaningful cash flow in the future. We have been advised by the operator of the projects that a significant portion of the financing of each project has been secured. As each project continues to develop, we expect the incremental value of our interest to increase, thus being accretive to our investment. We continue to evaluate financing alternatives for our obligations on these projects going forward and are optimistic that such financing will be available as needed. We also are working hard in our evaluation of oil and gas exploration opportunities in the US and abroad in an effort to position the company in both active drilling programs and high-impact opportunities. We believe this strategy will enhance Gulf United's standing and afford us opportunities throughout the various sectors of the energy industry."
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 and the ability to fund operations and other factors over which Gulf United Energy, Inc. has little or no control.
SOURCE: Gulf United Energy, Inc.
Gulf United Energy, Inc. Don Wilson President (713) 942-6575 (713) 583-6435 (FAX) Email: info@gulfunitedenergy.com Website: www.gulfunitedenergy.com
Copyright (C) 2007 Marketwire. All rights reserved.
thanks obi penny kanobi
Hey captian. Go right ahead. This board is for focusing on all natural resource related stocks.
do you guys mind if i post some (oil) charts?
KMKCF: 1.75 Chart potential for more possibly
GWPC: .40 Announces Test Result in Brushy Creek VI
12/7/2007
HOUSTON, Dec. 7, 2007 (Canada NewsWire via COMTEX News Network) --
O'Neal Smith No. 1 Flow Tested at 208 Mcfd and Hooked into Sales Line
Gulf Western Petroleum Corporation ("Gulf Western") (OTCBB: GWPC/Frankfurt: GER), is pleased to announce that the O'Neal Smith No. 1 four point flow test has been completed and the results are 208 Mcf gas per day with a FTP (Flowing Tubing Pressure) of 950 psi on a 5/64" choke. The O'Neal Smith No. 1 will initially be produced from a 12 foot sand section from 1851'-1863'. The well was perforated from 1854' to 1860' and is now flowing into the sales line.
The O'Neal Smith No. 1 is the third and final well completed and put into production in the Brushy Creek VI Project. The Brushy Creek VI Project, located in Lavaca county Texas, was a three well prospect generated by utilizing newly acquired 3D seismic data. The Williams No. 6 and the Goodrich-Poindexter No. 1, the other two previously announced wells in this project, are also hooked into the sales line.
President, Sam Nastat stated, "We have now successfully completed the Brushy Creek V and Brushy Creek VI Projects, and we are very pleased with the results. We currently have ten Frio wells producing and are scheduled to have one additional well, the Nichol's No. 1, which is in the Brushy Creek IV project, tested and hooked up to the sales line before the end of the year."
This press release may include forward-looking statements based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. For example, the extraction and sale of natural gas from the wells involves a number of costs and risks, which may limit our ability to generate cash flow from the wells. In addition, the business of Gulf Western Petroleum Corporation is subject to a number of risks typical of an oil and gas exploration and development company including, among other things, the inherent uncertainties associated with oil and gas exploration; laws, environmental, judicial, regulatory, political and competitive developments in areas in which Gulf Western Petroleum Corporation operates; and technological, mechanical and operational difficulties encountered in connection with Gulf Western Petroleum Corporation's activities.
SOURCE: Gulf Western Petroleum Corp.
Company: Gulf Western Petroleum Corporation: Sam Nastat, President & Director,
Telephone: (713) 355-7001, www.gulfwesternpetroleum.com; United States: RedChip
Companies, Inc., Investor Relations, (800)-REDCHIP, Info@redchip.com,
www.redchip.com; Canada: Renmark Financial Communications, Jason Roy, Telephone:
(514) 939-3989, jroy@renmarkfinancial.com, www.renmarkfinancial.com; Europe: Vicarage
Capital Limited, London, England, (44) (0) 207 060 1303, www.vicaragecapital.com
Copyright (C) 2007 CNW Group. All rights reserved.
KDKN: 2.32 Will Commence Drilling Program on Its Lucy Property.
12/6/2007
CALGARY, ALBERTA, Dec 6, 2007 (Marketwire via COMTEX News Network) --
Kodiak Energy, Inc. (OTCBB:KDKN) ("Kodiak" or the "Corporation") is pleased to announce commencement of a drilling program for its project known as Lucy Property located in NE British Columbia
Kodiak has given "Independent Operations Notice" to its partners for the Lucy Property. Kodiak has concluded negotiations for the new partnership levels of the Lucy Project resulting in, Kodiak being the operator of the drilling project and having a working interest of 67.5% - an increase from the 7.5% original working interest. After an internal geophysical review based on additional seismic that was acquired, Kodiak is currently licensing a drill location. A drilling rig has been contracted, the site surveyed and the expected spud date is December 20, 2007. An abridged independent engineering report - which will be posted on our web site and filed on SEDAR and EDGAR - estimates "prospective resource" at a low of 3.2 bcf to a high of 15.3 bcf and a best estimate of 7.67 bcf of marketable gas. The estimated drilling costs are $2.4 million - gross. Upon realization of successful drilling results, management believes that the well can be tied in and generating cash flow by end of Q2 2008.
Kodiak Energy, Inc is a Calgary based publicly traded oil and gas exploration and development company focused on creating a portfolio of North American assets that offer production opportunities and asset growth through exploration. The Kodiak has lease holdings in Montana, Southeastern Alberta, Northeastern Alberta and high impact prospects located in the central Mackenzie River Valley of the Northwest Territories in Canada, and in north-eastern New Mexico.
This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Corporation's proposed oil and gas related business. The Corporation's business is subject to various risks, which are discussed in the Corporation's filings with the US Securities and Exchange Commission. The Corporation's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Corporation cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement.
The information in the Engineering Report referred to herein contains the terms "prospective resources". Kodiak advises investors that although these terms are recognized and required by Canadian securities regulations (under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities), the US Securities and Exchange Commission does not recognize these terms. Investors are cautioned not to assume that any part or all of the resources in this category will ever be converted into reserves. In addition, "prospective resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of a prospective resource will ever be upgraded to a higher category. Under Canadian rules, estimates of prospective resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a "preliminary assessment" as defined under National Instrument 51-101. Under US rules, investors are cautioned not to assume that part or all of a prospective resource exists, or is economically or legally recoverable.
Further information relating to Kodiak may be found on www.sedar.com and www.sec.gov as well as on Kodiak's website at www.kodiakpetroleum.com.
SOURCE: Kodiak Energy, Inc.
Kodiak Energy, Inc. William Tighe CEO (403) 262-8044 Email: kodiakenergy@Gmail.com Website: www.kodiakpetroleum.com
Copyright (C) 2007 Marketwire. All rights reserved.
PBOF: .48 acquires InterPacific Oil S.A.C.'s biodiesel operation
12/6/2007
Dec 06, 2007 (M2 EQUITYBITES via COMTEX News Network) --
Pure Biofuels Corp (OTCBB:PBOF), a biofuels company, declared on 5 December that it has closed the acquisition of InterPacific Oil S.A.C.'s biodiesel production operation, reportedly Peru's largest and longest running biodiesel processor.
Pure Biofuels said it is presently in the process of expanding the six year old biodiesel facility in order to achieve production capacity of 10 million gallons per year (MMgy). The expansion is expected to be completed by the end of December 2007. Pure Biofuels Corp stated it will begin tests and preliminary production in January, and expects to be operating the facility at full capacity by the end of February 2008.
According to the company, the combined output of its new 52.5 MMgy facility in the Port of Callao, set for completion in the first quarter of 2008, and the InterPacific Oil biodiesel facility, will exceed 60 MMgy, making it one of Latin America's largest producers of biodiesel.
Comments on this story may be sent to admin@m2.com
(C)2007 M2 COMMUNICATIONS LTD http://www.m2.com
IXOG .60 Begins Drilling First Well in Supple Jack Creek Prospect, Continuing High Impact Portfolio
12/4/2007
HOUSTON, Dec 4, 2007 (PrimeNewswire via COMTEX News Network) --
Index Oil and Gas, Inc. (OTCBB:IXOG) ("Index" or "the Company") today announced that initial drilling has begun on the HNH Gas Unit No. 1 well ("HNH Gas Unit") in the Supple Jack Creek Prospect in Lavaca County, Texas. The spud took place on November 28, 2007.
HNH Gas Unit (formerly referred to as West 1) is part of the Company's planned higher impact drilling portfolio described in its Operations Summary and Outlook released on June 11, 2007. Index has a 26.6667% working interest in the well during drilling and completion and a 20% working interest in the project thereafter (approximately 14.02% net revenue interest).
HNH Gas Unit No. 1 is expected to take approximately one month to drill to a planned total depth of around 15,000 feet. The well targets the Edwards Limestone Formation. The gas unit designated for the well covers 566.59 acres. However, the contract Area of Mutual Interest (AMI) for the prospect extends over a much larger domain, approximately 5,000 gross and net acres of which are currently under lease. Index holds a 20% working interest in this acreage. If the well is successful, a number of follow-on wells are anticipated.
Successful Edwards Limestone wells in adjacent fields in Lavaca County have achieved reserves in the neighborhood of 4 BCF, whilst that is not necessarily indicative of what can be expected in the exploratory HNH Gas Unit No. 1 well.
Lyndon West, CEO of Index, stated, "The spud of the first well in the Supple Jack Creek prospect has exciting potential for Index. We have a meaningful position in this project and success in HNH Gas Unit 1 could lead to a significant number of follow-on locations commensurate with the land position. This continues our strategy of participating in projects that could significantly impact our reserves and production base."
About Index Oil and Gas Inc.
Index Oil and Gas, Inc. is a dynamic gas-biased oil and gas exploration and production Company, with onshore activities primarily in Texas, Louisiana, and Kansas and offices in Houston. The Company's goal is to generate increasing reserves and cash flow from a portfolio of moderate and higher risk potential prospects. After successfully focusing on lower risk prospects to build reserves and near term cashflow in Fiscal Year 2007 (ended March 31, 2007), Index has embarked upon a drilling program in Fiscal Year 2008 of a balanced, risk-managed portfolio of prospects designed to generate significantly higher reserves and production. The Company has an enviable drilling record and intends to grow its existing asset base and revenues through further investment in the U.S.
To find out more about Index Oil and Gas Inc. (OTCBB:IXOG) visit our website at www.indexoil.com.
The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
Pursuant to a September 1, 2007 agreement, Consulting For Strategic Growth 1, Ltd. ("CFSG1") provides the Company with consulting, business advisory, investor relations, public relations and corporate development service, for which CFSG1 receives cash and/or stock compensation.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Index Oil and Gas Inc.
Consulting For Strategic Growth 1
Investor Relations:
Stanley Wunderlich, CEO
1-800-625-2236
Fax: 1-212-337-8089
info@CFSG1.com
Media Relations:
Daniel Stepanek, EVP Media
1-212-896-1202
Fax: 1-212-697-0910
dstepanek@cfsg1.com
www.cfsg1.com
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
UTUC .80 Acquires Additional Uranium Mines
12/4/2007
MOAB, UT, Dec 04, 2007 (MARKET WIRE via COMTEX News Network) --
Utah Uranium Corp. (the "Company") (OTCBB: UTUC) is pleased to announce it has signed an Agreement for the acquisition of a 100% interest in a 12 claim license package consisting of 2 past producing Uranium - Vanadium mines known as the "Marcas" and the "Ray Marie."
Both properties are located southwest of Gateway, Colorado and are typical examples of the sedimentary streambed type ore bodies found throughout the region in the Morrison sandstone formation. Each property lies northeasterly and is on trend with the Polar Mesa complex approximately 2 miles to the west and the historic Gateway complex to the east with an historic production reported at 13 million pounds Uranium.
The Marcas (6 claims, 120 acres) was previously owned by Wally Winfield and saw small-scale operations through the late 1970s. Historic production grades for Uranium were reportedly from 4 to 10 lbs/ton (0.2% - 0.5%).
The Ray Marie (6 claims, 120 acres) was owned and operated by Bill Wilson (Grand Junction, CO) and in production through to 1978 when the Atlas Minerals mill ceased operations. Uranium grades of the last shipment made at this time from the Ray Marie were reported as 10lbs/ton (0.5%).
Production from both of the above properties was from the upper lens of the Morrison formation from a coarser grained sandstone, where there is a tendency to see higher Vanadium grades. Historical Vanadium to Uranium ratios for the area were reported as being approximately 8:1. Production from other previous operations in the area was also taken from the lower lens. The Company believes the Marcas and Ray Marie, being within 100 miles of the Denison Mill now operating in Blanding, UT, or within 60 miles of a newly proposed mill, have excellent exploration potential to delineate additional tons from both upper and lower lenses in an effort to support additional operations.
Consideration for the acquisition of these above properties consists of scheduled payments for a total of $375,000 over a 3-year term as well as the scheduled issuance of a total of 400,000 common shares of the Company over the same period. The Property vendors will also retain a net proceeds royalty of 4% of which 100% can be purchased for $1,000,000.
Utah Uranium Corporation is a Moab, Utah-based junior exploration and development company focused on both the systematic exploration of the Henry Mountain Basin, in concert with the acquisition of past producing uranium mines that can be brought back into production in the near term with low capital expenditure. All of the mines currently owned or in the acquisition pipeline are within economic haul distances of White Mesa Mill in Blanding, Utah, the Ticaboo Mill in Ticaboo, Utah or the proposed Energy Fuels Mill near Nucla, Colorado. The white Mesa Uranium Mill is currently the only operating Uranium mill in the United States.
We seek safe harbour.
On behalf of the Board,
Peter Dickie, President
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Utah Uranium Corp. Unit B-9, 11850 South Hwy 191, Moab, UT, 84532 1-866-669-9377 435-259-0460 www.utah-uranium.com info@utah-uranium.com
SOURCE: Utah Uranium Corp.
http://www.utah-uranium.com mailto:info@utah-uranium.com
Copyright 2007 Market Wire, All rights reserved.
TTGL -1.67 Files Hindsight Audit of Appalachian Oil Company with SEC
12/4/2007
Appco Produced Revenue of $420 Million, $406 Million, and $317
Million for the Trailing Three Years
RICHARDSON, Texas, Dec 04, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, filed the hindsight audit of Appalachian Oil Company ("Appco") with the Securities and Exchange Commission ("SEC"). The audit results of Appco are consistent with Titan's historical revenue guidance on Appco. Appco produced revenues of $385 Million for the eleven months ended August 31, 2007, or $420 Million on an annualized basis, and $406 Million and $317 Million for the twelve months ended September 30, 2006 and 2005, respectively.
This week Titan affirmed revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan's stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
"We were pleased to complete our hindsight audit of the recently acquired Appalachian Oil Company and our filing with the SEC," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These audits affirm our revenue guidance of $433 Million for fiscal year 2008. With the audit behind us, we are focused on strategic options to leverage Appco's distribution prowess with higher margin biofuel products and optimizing margins on inside sales as well."
Appco is the first acquisition of the Company's recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco's existing retail and wholesale distribution footprint.
In Late October, 2007, Titan announced its supply agreement with Tate & Lyle to advance the Company's efforts to establish secure sources of biofuels and a higher margin product channel. Tate & Lyle, based in London, is one of the world's leading manufacturers of renewable food and industrial ingredients, with approximately $6 billion in annual revenues.
The agreement was part of the strategic vision set forth by Titan Energy to expand its biofuel product lines and revenues through strategic agreements and acquisitions. The agreement is expected to enhance Titan's core profitability at wholesale and retail distribution, as well as further Titan Global Holdings' mission and commitment to environmental responsibility across its various divisions and business units.
Titan Energy has and will continue to capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Titan is seeking acquisitions to complement Appco's existing retail and wholesale distribution footprint, which currently reaches more than 160 petroleum and fuel product dealers in the southeastern United States, along with its 56 convenience store locations.
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million.
Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/titan/ or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
To view current news, visit http://www.trilogy-capital.com/tcp/titan/quote.html. To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/titan/factsheet.html.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
SOURCE: Titan Global Holdings, Inc.
Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
GXPI - Mine Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations, Inc.
12/4/2007
Financing for Gold Mine Modernization Reaches Final Negotiations
CALGARY, AB, Dec 04, 2007 (MARKET WIRE via COMTEX News Network) --
Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to report that it is in final negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The financing is equity based and should be completed within the next 14 days. The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Minera Primecap Geological Services (MPGS) reported that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques. The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine and the low capital costs to upgrade the Los Chorros operating plant and the net cash flow estimates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: Michael Hill President Gemini Explorations, Inc. Suite 103, 240-11th Ave SW Calgary, AB T2R 0C3 www.geminiexploration.com email: info@geminiexploration.com 403-697-4877
SOURCE: Gemini Explorations, Inc.
http://www.geminiexploration.com mailto:info@geminiexploration.com
Copyright 2007 Market Wire, All rights reserved.
QMMC- Announces Reverse Stock Split
12/4/2007
PATERSON, N.J., Dec 04, 2007 (BUSINESS WIRE) --
Quest Minerals & Mining Corp. (OTCBB: QMMC; Frankfurt: QMNA.F), a Kentucky-based operator of energy and mineral related properties, today announced that its Board of Directors approved a 1-for-10 reverse split of its common stock. The reverse stock split will be effective at the market open on Tuesday, December 11, 2007 at which time the shares will begin trading on the OTC Bulletin Board on a split-adjusted basis under a new symbol to be assigned by the NASD.
The Quest reverse stock split initially will result in a higher share price. This is expected to enhance the Company's ability to raise capital, broaden its appeal to investors, reduce per share transaction fees, and reduce certain administrative costs.
The reverse split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 353 million to approximately 35.3 million. The number of authorized shares of common stock will remain unchanged at 975 million.
Information for Stockholders
As a result of the reverse stock split, stockholders will receive one new share of common stock for every ten shares held. Registered holders may request a letter of transmittal from the Company or its transfer agent, Nevada Agency & Trust Company, for the exchange of stock certificates. Stockholders with shares in brokerage accounts will be contacted by their brokers with instructions.
Fractional or partial shares will not be issued and instead will be rounded up to the nearest whole number of shares. Stockholders with shares held in brokerage accounts are encouraged to contact their brokers with any questions.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
SOURCE: Quest Minerals & Mining Corp.
Quest Minerals & Mining Corp. Eugene Chiaramonte, Jr., 973-684-0035
Copyright Business Wire 2007
WITM: .24, Nice uptrend needs to break .25 to continue.
GXPI Gemini Explorations Report Includes Joint Venture Update on a Deposit That May be in the $2 Billion Range
11/30/2007
LOS ANGELES, Nov 30, 2007 (PrimeNewswire via COMTEX News Network) --
Gemini Explorations (OTCBB:GXPI) analyst report update includes a joint venture update on a deposit that may be in the $2 billion range.
Gemini Explorations is a junior resource company exploring and developing gold properties in southern Columbia.
REPORT LINK
IPOdesktop research report
http://www.gaskinsco.com/linkto-gxpi-nov-b.shtml
About Gemini Explorations
http://www.geminiexploration.com/index.html
Gemini Explorations completed the purchased of 80 percent controlling interest in the Los Chorros mine and has secured first rights of refusal on the remaining 20 percent interest with 18 months. The company has received an equipment grant from the Columbian Government to assist in the modernization and re-development of the Los Chorros Mine. The first shipment of equipment arrived at the property in the first week of September 2007 and will further expedite the modernization and re-development of the Los Chorros Mine. . Gemini's newly acquired La Planada property is located in the municipality of Sotomayor, department of the Narinyo, in southwestern Colombia, and a drilling program has been set.
About IPOdesktop
http://IPOdesktop.com
IPOdesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program.
In the 'Analysts Corner' at IPOdesktop.com, research reports are available for both recent IPOs and emerging companies. http://gaskinsco.com/linkto-analysts-corner.htm.
IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others. IPOdesktop editors also co-host financial programs at StreetIQ.com.
Disclaimer
IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this analyst report report, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.
DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been paid up to eighty five hundred dollars from equityallianceir for preparation and posting of this report and other advertising services. This constitutes a conflict of interest as to ID's ability to remain objective in its communication regarding the subject company.more safe harbor & disclaimer. http://gaskinsco.com/report-disclaimer-c.htm
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: IPOdesktop.com; Gemini Explorations
Gemini Explorations, Inc. Michael Hill, President IR info: 1 (877) 700-1644 info@geminiexploration.com http://www.geminiexploration.com 5201 Blue Lagoon Drive, 8th Floor Miami, Florida 33126
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
SAOL Diamond Mining Begins With Permanent License at Sao Luis Mining's JVProperty 231 in Brazil
Nov 29, 2007 07:00:57 (ET)
GARDNERVILLE, NV, Nov 29, 2007 (MARKET WIRE via COMTEX) -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL) (FRANKFURT: F5G) has begun limited production diamond mining on its Joint Venture Property 231, after having been issued the Guia de Utilizacao on October 30, 2007 from the Department of National Mineral Production (DNPM). The Guia allows the Company to operate under its Portaria De Lavra, which is a permanent mining license.
The Portaria and the environmental license of operation (LO) were approved earlier this year from the DNPM and SEMA. Mining began during the first week of November with the Company's mobile plants. Seven large gem and near-gem diamonds that weighed 1.89 carats or more were recovered in the first week of operation. The largest stones weighed 1.89, 1.90, 2.07, 3.63, 4.12, 6.44, and 12.01 carats respectively.
"The recovery of larger, more valuable diamonds will enhance the overall value of our ore and should significantly increase our bottom line," says Michael J. Dillon, Sao Luis Mining's President and Chairman. "With the formal receipt of our permits from Brazil's government agencies, we will be able to rapidly accelerate to full production with the arrival and installation of our Dense Media Separation plant."
Dense Media Separation (DMS) Plants provide the most efficient recovery levels for diamonds. Sao Luis Mining's DMS plant is being custom built in South Africa with a feed capacity up to 150 tons per hour. Based on the historical grade of Property 231, the Company anticipates that diamond production should increase up to 1,000 carats a day working 20 hours a day.
About Sao Luis Mining:
Sao Luis Mining, Inc. (PINKSHEETS: SAOL) (FRANKFURT: F5G) is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin with their joint venture partner, SL Mineradora LTDA. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website www.saolmining.com .
Forward-Looking Statements:
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Michael J. Dillon
(775) 782-9157
mdillon@saolmining.com
www.saolmining.com
SOURCE: Sao Luis Mining, Inc.
mailto:mdillon@saolmining.com
http://www.saolmining.com
GFET to License Breakthrough Technology
Tuesday November 27, 11:50 am ET
HOUSTON--(BUSINESS WIRE)--Gulf Ethanol Corporation (OTC:GFET - News) announced today an agreement to acquire the exclusive rights to a break-through cellulose feed-stock processing technology. Gulf will have the exclusive right to deliver this exciting new technology solution to the ethanol industry.
Gulf Ethanol will obtain exclusive rights to a revolutionary technology developed by Meridian BioRefining, Inc. that processes cellulose feed-stocks so that they can be more efficiently converted into ethanol. The process dramatically improves portability while significantly improving process times and ethanol recovery from cellulose.
“This is the breakthrough that the ethanol industry has been seeking,” stated JT Cloud, Gulf Ethanol’s President. “This process will provide ethanol producers with the first cellulosic feed-stock that can be processed quickly and economically. We believe this will revolutionize the ethanol industry by accelerating the conversion of ethanol production in the U.S. from corn to cellulose in just a few years time,” he concluded. The first commercial scale processing unit has been completed by Meridian and is expected to undergo commercial testing prior to deployment in January 2008. Sources of cellulose include wood chips, grasses, sorghum and waste materials like corn stalks and straw. A recent report found that the U.S. is capable of producing a sustainable supply of 1.3 billion tons per year of biomass, and that one billion tons would be sufficient to replace 30 percent or more of America’s present petroleum consumption.
About Gulf Ethanol Corporation
Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast. For more information please visit our homepage at: www.GulfEthanolCorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Gulf Ethanol Corporation, Houston
William Carmichael, 713-461-9229
Fax: 713-461-9230
ir@gulfethanolcorp.com
--------------------------------------------------------------------------------
Source: Gulf Ethanol Corporation
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A new oil and gas scanning board... Trendfinders Board:http://investorshub.advfn.com/boards/board.asp?board_id=6115 WELCOME TO TRENDY NATURAL RESOURCES We’ve dedicated this board to an extremely hot sector of the market; the energy & mining sector. The IBOX will essentially act as a scanning board to review and summarize many of the lower priced energy stocks; a one stop shop. We will mainly focus however, on energy stocks in the .05 - 10.00 range. Pinksheets will rarely be posted, and the occasional higher priced play will show up from time to time as well. Your picks, ideas, and thoughts are welcome! Happy Trading Everyone and Good Luck. ********************************************************************************* ALTERNATIVE & BIOFUEL SECTOR OIL & GAS PETROCHEMICAL, FUEL SERVICE & TRANSPORTATION SECTOR WELL SERVICE & EQUIPMENT SECTOR A quick look at the commodity charts from: http://www.stockhouse.com ********************************************************************************* Check Crude Oil Futures: http://www2.barchart.com/dfutpage.asp?sym=CL&code=BSTK§ion= Oil Stock watch list .001 - 10.00 stocks. ABP AE AEZ AHC ALTX AOG APA APAGF APC APU ASPN ASH ATPG AVNU BBG BDCO BEXP BPKR BPT BRN BRY BSIC BYCX CGNW CHK CKX CLXN CNQ CNR COFF COG CPE CPPXF CRED CRK CRZO CWEI DBLE DLOV DMLP DNR DOM DPTR DVN DYN EAC ECPN EEQ EENC EMPR END ENDE EPEX ERHE EOG EPD FEEC FFFC FGP FPP FST FTO FXEN GAX GDP GKNT GMXR GPOR GTY HK HKN HNR HPCO HUSA ICRB INNU ISRL IVAN KSTR KMG KWK LRT MARPS MCF MMR MOAT MPET MTR MUR MVOG MWE MWP MXC MXSV NBL NEGI NESS NFX NGT NRT NXY OAKR OXY PCZ PETDE PHX PLLL PNRG PFNO PTF PTR PVA PXD PXP PDO PZE QOIL RKTI ROYL RRC RSRV SBR SFY SGY SJT SM SNP SPH SPND.OB SRGG SSL STDE STO STOSY SU SUF SUN SWN SYNM TENG TESO TEXG TGA TGC TIDE TLM TMR TRGL TRU TVOC VLO VXEN WOC WTU WTI XEC XTEX XTO XTXI YPF Charts compliments of this wonderful site:
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