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LLEG .035 x.04 news-
Laidlaw Energy Group, Inc. Announces Update On New Hampshire Renewable Energy Project
8/30/2006 10:00:11 AM
NEW YORK, Aug 30, 2006 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. ( LLEG ) announced today that it has received a positive decision from the Connecticut Department of Public Utility Control concerning its proposed development of a 16mW biomass energy plant located in New Hampshire. The decision confirms that the project qualifies as a class 1 renewable energy source pursuant to the Connecticut Renewable Portfolio Standard, subject to applicable emissions limits. This is necessary step in the development of the project that clarifies that the project should qualify for additional revenue from the sale of renewable energy credits ("RECs") generated in connection with the sale of the plant's electric output. RECs represent the premium paid for cleaner energy generated from renewable resources in addition to payments for the plant's electric output and capacity. The project is a joint venture between Laidlaw Energy and EcoPower, LLC and involves the modernization of an existing biomass energy plant.
Laidlaw Energy also recently announced a 10 for 1 forward stock split of the Company's common shares. Each shareholder of record at the close of business on September 8, 2006 will receive nine (9) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be September 9, 2006, with distribution of the new shares to occur on or about September 12, 2006.
About Laidlaw Energy Group
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at NYENRG.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
Laidlaw Energy Group, Inc.
Michael B. Bartoszek
Tel. 212-480-9884
Email info@LaidlawEnergy.com
Copyright Business Wire 2006
LLEG .05 X .054
Almost 1 million traded, volume strong
LLEG float only 3 million..
IMO- this should take off if volume continues.
LLEG .041 x .045, 10 for 1 forward split...
Current outstanding shares is 20 million, float 3 million
NEW YORK, Aug 29, 2006 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. (LLEG) announced today that its board of directors has approved a 10 for 1 forward stock split of the Company's common shares. Each shareholder of record at the close of business on September 8, 2006 will receive nine (9) additional shares for every outstanding share held as of the date thereof. The payment date for the additional shares will be September 9, 2006, with distribution of the new shares to occur on or about September 12, 2006.
About Laidlaw Energy Group
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at www.NYENRG.com.
Question about Chairman's Letter on Website..
quote: "All of us at Phoenix believe we have a grossly undervalued stock. A few of our more highly qualified stockholders have analyzed our stock and collectively believe that our stock would be more fairly valued in the area of a dollar."
This letter was written after the increase in authorized shares. Today we are trading at less than 1.5 cents. $1.00 is a pretty bold valuation...no? It doesn't even make sense based on what is happening to share price lately... Why not just leave it at 'our stock is undervalued." But to put a number like $1.00 on it...
Then again, Phoenix folks do have the advantage of looking at their books, oil/gas income potential, and have insight into other growth opportunities that I do not. Maybe they know something I don't...? :)
mickvonmerk: not yet, but they said 30 days from when the certificate was submitted. I'm not expecting mine until the 2nd week of September.
PBLS .015
Thinking about buying some starting here...? Good idea?
The stamp my bank used said... "Signature Guarantee" Yours probably did as well.
I initially asked to have my signature notarized and the Notary told me a Guarantee was different. I had to wait for a bank officer to sign mine.
EQBM .0094
Heading back over $.01
EQBM .0087 now
EQBM .0079
Anyone watching this one? Near Bottom...?
Equitable Mining Corp. Identifying Areas of Exploration
By PR Newswire
Last Update: 6/26/2006 9:57:18 AM Data provided by
TORONTO, June 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- (EQBM.PA & EWE.F) - Equitable Mining Corp. is now establishing its exploration and drilling program based on 200 drill holes done to date.
The Bonanza Property at Red Lake has had approximately 200 drill holes done since the 1920's. The company is reviewing the results from these drill holes in order to map out the best areas for further exploration. Equitable Mining Corp. is expecting that report within the next few days. A copy of the existing 43101 Report that was written by Clark Exploration Consulting Inc. is available online.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
Great time to buy...
Comes with a money back guarantee... buy them at .03, if you're not satisfied... return the certs and get your money back... :)
LLEG .09/.10 some DD below:
*Thanks to the board for some great picks* I rarely post- but thought a few of you may want to tuck a couple shares LLEG away. NY's goal for the future is 25% energy from renewable sources. The demand in New England is there too.
A little DD:
NY project financed and moving forward; looking to expand into New Hampshire with aquisition; and 2 Massachusetts projects in the works for 2007/2008.
Low O/S and tiny float.
As per company June 2006:
100,000,000 A/s
20,000,000 O/S
slightly less than 3,000,000 Float
Excerpts from PR's below. Please rely on *your* own DD...
New York, NY (PRWEB via PR Web Direct) June 1, 2006-- Laidlaw Energy Group, Inc. (Ticker Symbol: “LLEG”) announced today that it has closed on a significant round of growth financing that will be used to fully fund the development of its Western, New York Biomass Energy Project. The Project involves the conversion of an existing natural gas fired power plant to exclusively use clean wood biomass fuel. In addition to nearly 7 megawatts of gross capacity that will be sold pursuant to a long-term power purchase agreement, the Project will also supply electricity and process heat to a hardwood lumber drying business under common ownership. The New York State Energy Research and Development Authority (NYSERDA) has also provided LLEG with $1 million of grant funding for the Project.
Separately, LLEG announced today that it has entered into a memorandum of understanding, along with its joint venture partner, EcoPower, LLC, to acquire a 16 megawatt biomass energy facility located in New Hampshire. LLEG and EcoPower are currently engaged in due diligence on the acquisition
and expect to make further announcements in the future as the project develops.
New York, NY (PRWEB) February 7, 2006 -- Laidlaw Energy Group, Inc. (Ticker Symbol: “LLEG”) and EcoPower, LLC jointly announced today that they have entered into a Strategic Alliance and Joint Development Agreement. The Joint Venture involves the development of two biomass energy projects to be located in the New England power market. The projects will have a combined gross capacity of approximately 40 megawatts.
One of the projects involves the construction of a new 20 megawatt biomass energy facility in Massachusetts that will utilize certain types of wood waste. The project will benefit from this abundant and highly cost effective fuel source, since certain types of wood waste will no longer be allowed in landfills after July 2006 per the Massachusetts DEP’s new Solid Waste Master Plan. This project has been under development for 18 months and has received a Beneficial Use Determination from the Massachusetts DEP allowing for the use of Construction & Demolition Wood as fuel. The project has also received approval for pre-development funding from the Massachusetts Technology Collaborative and an Advisory Ruling from the Massachusetts Division of Energy Resources approving the proposed design as “low-emission, advanced biomass power conversion technology,” and pre-qualifying the facility as a New Renewable Generating Unit. It is anticipated that this plant will be among the most advanced biomass facilities in the country, providing long-term clean and dependable renewable energy to the New England region.
The second project involves technology upgrades to an existing biomass generation facility, as well as an expansion of existing plant capacity, in order to provide an additional 20 megawatts of renewable biomass energy in the New England region.
Commenting on the Joint Venture, LLEG President and CEO Michael Bartoszek stated, “The Joint Venture with EcoPower is an excellent opportunity for us. The principals of EcoPower bring a wealth of biomass energy development and operations experience to this partnership, along with great connections for future business opportunities. We feel that this will allow us to significantly expedite our expansion into the Massachusetts and New England marketplace, where renewable energy currently commands a strong premium.”
LLEG and EcoPower are currently targeting a 2007 and 2008 start-up for the projects.
LLEG .09/.10 some DD:
Renewable Energy... NY project financed and moving forward; looking to expand into New Hampshire with aquisition; and 2 Massachusetts projects in the works for 2007/2008.
Low O/S and tiny float.
As per company June 2006:
100,000,000 A/s
20,000,000 O/S
slightly less than 3,000,000 Float
Excerpts from PR's below. Please rely on *your* own DD...
New York, NY (PRWEB via PR Web Direct) June 1, 2006-- Laidlaw Energy Group, Inc. (Ticker Symbol: “LLEG”) announced today that it has closed on a significant round of growth financing that will be used to fully fund the development of its Western, New York Biomass Energy Project. The Project involves the conversion of an existing natural gas fired power plant to exclusively use clean wood biomass fuel. In addition to nearly 7 megawatts of gross capacity that will be sold pursuant to a long-term power purchase agreement, the Project will also supply electricity and process heat to a hardwood lumber drying business under common ownership. The New York State Energy Research and Development Authority (NYSERDA) has also provided LLEG with $1 million of grant funding for the Project.
Separately, LLEG announced today that it has entered into a memorandum of understanding, along with its joint venture partner, EcoPower, LLC, to acquire a 16 megawatt biomass energy facility located in New Hampshire. LLEG and EcoPower are currently engaged in due diligence on the acquisition
and expect to make further announcements in the future as the project develops.
New York, NY (PRWEB) February 7, 2006 -- Laidlaw Energy Group, Inc. (Ticker Symbol: “LLEG”) and EcoPower, LLC jointly announced today that they have entered into a Strategic Alliance and Joint Development Agreement. The Joint Venture involves the development of two biomass energy projects to be located in the New England power market. The projects will have a combined gross capacity of approximately 40 megawatts.
One of the projects involves the construction of a new 20 megawatt biomass energy facility in Massachusetts that will utilize certain types of wood waste. The project will benefit from this abundant and highly cost effective fuel source, since certain types of wood waste will no longer be allowed in landfills after July 2006 per the Massachusetts DEP’s new Solid Waste Master Plan. This project has been under development for 18 months and has received a Beneficial Use Determination from the Massachusetts DEP allowing for the use of Construction & Demolition Wood as fuel. The project has also received approval for pre-development funding from the Massachusetts Technology Collaborative and an Advisory Ruling from the Massachusetts Division of Energy Resources approving the proposed design as “low-emission, advanced biomass power conversion technology,” and pre-qualifying the facility as a New Renewable Generating Unit. It is anticipated that this plant will be among the most advanced biomass facilities in the country, providing long-term clean and dependable renewable energy to the New England region.
The second project involves technology upgrades to an existing biomass generation facility, as well as an expansion of existing plant capacity, in order to provide an additional 20 megawatts of renewable biomass energy in the New England region.
Commenting on the Joint Venture, LLEG President and CEO Michael Bartoszek stated, “The Joint Venture with EcoPower is an excellent opportunity for us. The principals of EcoPower bring a wealth of biomass energy development and operations experience to this partnership, along with great connections for future business opportunities. We feel that this will allow us to significantly expedite our expansion into the Massachusetts and New England marketplace, where renewable energy currently commands a strong premium.”
LLEG and EcoPower are currently targeting a 2007 and 2008 start-up for the projects.
yes- float is approx. 3 million
20 million issued and outstanding according to company
can you PM me too? Thanks
AURC .27
PGPM: record sales, profitablity, debt free
I like it!
PGPM News-
Pilgrim Petroleum Corporation Announces Record First Quarter and Profitability
Business Wire - May 03, 2006 13:03
IRVING, Texas, May 03, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), announced today it achieved record sales and profitability for the previous quarter ending March 31, 2006; over triple from last year. The Company also maintained its debt free status and increased its shareholders equity. These figures don't include the value of our Puds or Unproven Reserves, we will include these figures on the next quarter since our proven reserves are increasing daily. Today current oil price structure and its know-how and cost-effective technology will contribute to targeting new prospects with low level risks and undiscovered recoverable and unrecoverable oil by traditional technology.
Pilgrim Petroleum Corporation CEO Rafael Pinedo said: "Our financial performance for the quarter well exceeded our expectations and our previous guidance, yet we look forward to maintaining our growth for some time as oil prices increase, all the while sustaining significant profitability."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effects of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation
Eddie Monet, 619-864-0166
emonet@americancapitalipo.com
www.apetroleum.com
Copyright Business Wire 2006
$33.15
LOL! Though .33 sure seems possible today. According to the Trader's Nation interview with CEO, they are debt free, and profitable--- though just now are really starting to develop properties.
Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share.
PGPM .125 x.135
only $33.01 to go! LOL!!!
UNREAL!
"Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share."
PGPM .012 x .013
Stepping out of lurkdom to say... anyone think this is a great play? And to say thanks for ALMI & AURC Rig and all!
Does anyone know when exploration of the 3 identifed sites will begin? Appreciate your help.
I think that was the number I remembered as well. so would this then be correct:
"Our US distributor has assured us of 5,000 to 8,000 tons annually. Our Oriental distributor has committed to purchase 500 tons monthly of our product at $445 per ton."
conservatively taking into account no additional orders: 11000 tons annually * $267 = $2.94 mil profit / 40,000,000 shares = $.07/share from this property...
If 40,000 tons are now proven accessable, would it be correct to say that 40,000 * $450 = $18 million? If 1/2 that income covers cost (i thought i remember somewhere seeing under $200.00 a ton covers cost) then 9 million in profit. 9 million/ about 40,000,000 shares = .225/share. Is this correct?
10/06/04 Interview on www.ceocast.com