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GRPR .0195 News
Grid Petroleum Corp: Enters into Letter of Intent to Acquire a 10 % Working Interest in the Garcia #3 Well
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Grid Petroleum Corp (OTCBB:GRPR)
Intraday Stock Chart
Today : Thursday 3 May 2012
Grid Petroleum Corp: Enters into Letter of Intent to Acquire a 10 % Working Interest in the Garcia #3 Well
PR Newswire
DENVER, May 3, 2012
DENVER, May 3, 2012 /PRNewswire/ -- Grid Petroleum Corp. (OTCBB: GRPR) : The Board of Directors are pleased to announce that Grid Petroleum has entered into a letter of Intent to acquire a Ten percent working interest, Seven point five percent net revenue interest, from a third party interest holder of the Garcia #3 well. (10.0 % WI, 7.5% NRI)
This Letter of Intent is subject to the establishment of an acceptable, ironclad drilling start date for the Garcia #3 Well, which start date is to be determined and agreed to prior to definitive documentation completion.
It is anticipated that the drilling start date will be announced and the closing of this transaction will take place prior to May 10, 2012.
"The Company has been negotiating over the last few weeks with the third party interest holders to obtain this interest to allow the forward progress of the development of the Garcia #3 Well drilling program," stated Grid Petroleum Corp, President James Powell. "The Company is now in a position to have a significant impact on the jump starting of this well and looks forward to a successful start of drilling activity in the very near future.
"The company will announce the start date which is a contingency to the closing of this investment."
The Company previously announced the following based upon information provided by the operator of the Garcia #3, which was dependant upon all interest holders meeting its respective cash calls.
PREVIOUSLY ANNOUNCED:
"The Anticipated Start Date for the Drilling to Commence on the Garcia #3 shall be from April 21, 2012 to April 30, 2012.
The delay has been due to the inability of a third party joint venture investor in the Garcia #3 well to meet its cash call to retain its participation interest.
Grid Petroleum Corp is currently in negotiations to acquire an interest in the Garcia #3 well due to its recent availability.
The company has determined that this participation will enable the further development of the Mutual Area of Interest in a timely basis."
Contact: Parkside Communications Inc. Phone: 1-877-798-4165 Info@ParksideCommunications.com www.ParksideCommunications.com www.gridpetroleum.com
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
SOURCE Grid Petroleum Corp.
Two days in a row of weird opening trades....
NTLK http://ih.advfn.com/p.php?pid=nmona&article=52227195
netTALK DUO WiFi Rings Up Record Sales
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Net Talk.Com (OTCBB:NTLK)
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Today : Tuesday 1 May 2012
netTALK.com, Inc. ("netTALK") (OTCBB: NTLK), a telecommunications, consumer electronics and cloud technology company, announces that the netTALK DUO WiFi, the incredible money-saving digital device and phone service that does not require a computer or even a cable, is upending the world of VoIP with record-breaking sales. In just the first 30 days after launch, more than 50% netTALK DUO WiFi units have sold than originally projected, with retailers already reporting sold out inventory in some stores in one week.
Has AYME always been on the sell side here also how long? I do not see them on the bid. tia
Do you think VERT is holding off because they want (know) price is going higher or you think they have sold it all? They moved off once before but came back.
Battled to stay awake last week, called it quits early on Friday......went fishing.
UFFC (.102) UFood Restaurant Group Proudly Opens its Second of Two UFood Grill Units at Salt Lake City’s International Airport
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Ufood Restaurant Grp (OTCBB:UFFC)
Intraday Stock Chart
Today : Monday 30 April 2012
UFood Restaurant Group Inc. (OTCBB: UFFC) announced today that they have opened the second of two UFood Grill units at Salt Lake City International Airport, Salt Lake City, Utah. This opening follows on the heels of their first Salt Lake City International Airport opening on Friday, April 6, 2012. Airports continue to represent a vibrant growth opportunity for UFood as more travelers are demanding healthier meal options. UFood Grill also operates units located in the Boston, Cleveland and Dallas airports as well as Parkland Memorial Hospital in Dallas and will soon open in the Federal Aviation Administration located in the Transportation Building in Washington, DC.
As with their first Salt Lake City International Airport opening this month – franchisee Hojeij Branded Foods (HBF) oversees restaurant operations. HBF operates multiple food and beverage concessions at many of the nation’s top airports.
UFood Grill CEO George Naddaff stated, “It’s exciting to be growing beyond our Boston, Dallas and Cleveland airport locations. Airport expansion represents a critical pillar in our growth strategy and very relevant to today’s travelers who demand healthier foods when on the go. Additionally, HBF is a highly respected airport concessions operator that continues to be a great partner for us.”
The place where “delicious meets nutritious,” UFood Grill offers consumers food that tastes great, is lower in calories and fat and, wherever possible, serves meals that are antibiotic and hormone-free, gluten-free as well as natural, grass-fed beef and cage-free egg whites. UFood boasts a wide-ranging menu that includes lean burgers, rice bowls, salads, wraps, paninis and smoothies. UFood has been approved for expansion into the military channel and will open three units at Aberdeen Proving Ground Army Base in Maryland – with the first currently under construction and the second planned to begin construction in approximately four weeks.
About UFood Restaurant Group, Inc.
Headquartered in Boston, Mass., UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food service restaurants. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the “better-for-you” quick-serve restaurant category. The Company is led by franchise innovator George Naddaff, who founded Boston Market and led the franchising of several companies including Sylvan Learning Center and VR Business Brokers. Mr. Naddaff also founded two of the first educational day care centers in the United States, Living and Learning Centers and Mulberry Child Care Centers, both of which were sold to KinderCare®. Mr. Naddaff has assembled a veteran management team at UFood Grill with a successful record in the franchise market. UFood is currently launching a growth plan to franchise nationwide. To learn more, visit www.ufoodgrill.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
UFood Restaurant Group Proudly Opens its Second of Two UFood Grill Units at Salt Lake City’s International Airport
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Alert
Ufood Restaurant Grp (OTCBB:UFFC)
Intraday Stock Chart
Today : Monday 30 April 2012
UFood Restaurant Group Inc. (OTCBB: UFFC) announced today that they have opened the second of two UFood Grill units at Salt Lake City International Airport, Salt Lake City, Utah. This opening follows on the heels of their first Salt Lake City International Airport opening on Friday, April 6, 2012. Airports continue to represent a vibrant growth opportunity for UFood as more travelers are demanding healthier meal options. UFood Grill also operates units located in the Boston, Cleveland and Dallas airports as well as Parkland Memorial Hospital in Dallas and will soon open in the Federal Aviation Administration located in the Transportation Building in Washington, DC.
As with their first Salt Lake City International Airport opening this month – franchisee Hojeij Branded Foods (HBF) oversees restaurant operations. HBF operates multiple food and beverage concessions at many of the nation’s top airports.
UFood Grill CEO George Naddaff stated, “It’s exciting to be growing beyond our Boston, Dallas and Cleveland airport locations. Airport expansion represents a critical pillar in our growth strategy and very relevant to today’s travelers who demand healthier foods when on the go. Additionally, HBF is a highly respected airport concessions operator that continues to be a great partner for us.”
The place where “delicious meets nutritious,” UFood Grill offers consumers food that tastes great, is lower in calories and fat and, wherever possible, serves meals that are antibiotic and hormone-free, gluten-free as well as natural, grass-fed beef and cage-free egg whites. UFood boasts a wide-ranging menu that includes lean burgers, rice bowls, salads, wraps, paninis and smoothies. UFood has been approved for expansion into the military channel and will open three units at Aberdeen Proving Ground Army Base in Maryland – with the first currently under construction and the second planned to begin construction in approximately four weeks.
About UFood Restaurant Group, Inc.
Headquartered in Boston, Mass., UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food service restaurants. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the “better-for-you” quick-serve restaurant category. The Company is led by franchise innovator George Naddaff, who founded Boston Market and led the franchising of several companies including Sylvan Learning Center and VR Business Brokers. Mr. Naddaff also founded two of the first educational day care centers in the United States, Living and Learning Centers and Mulberry Child Care Centers, both of which were sold to KinderCare®. Mr. Naddaff has assembled a veteran management team at UFood Grill with a successful record in the franchise market. UFood is currently launching a growth plan to franchise nationwide. To learn more, visit www.ufoodgrill.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
VPER looking good!
VPER + 21%
That 100 on an almost daily basis is a strange one. There are some weird traders out there, maybe someone who has decided to accumulate by ways of painting......
Getting closer.........
going by this chart for sure...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74806675
Interesting, VERT has moved to .025 and we have some interest all of a sudden.....
If one goes by the history of this company water problems you are right, it could be a very long wait indeed...
Bid and Ask have tightened up nicely this week.
Wonder what “He Who Sees No Bubble", Helicopter Banana Ben is going to spew forth today.....?
Not adding up? I think it is quiet simple, the market believes they have not found a water solution and are not going to find one in the near future. And the market is rubbing salt in the wounds too, most gold stocks are trading or making new 52 week lows.
True contrarian investors buy when the pain is excruciating......
Panic has not set in yet, but it could at any given point. Going to need a very good flush-out too...
Waiting at .008-.009.
Lots and lots of selling pressure and it is not going to let up, years of trying to find a water solution and seems they are no closer to the grail....
Very little or no support left in the chart anymore.
PCFG continues to be a sell.
.00's soon.
XAU taking it up the shaft! AUMN on close watch.
Been adding shares since the first week of January...
Yes, it is, but had better light up here before to long; I do not like that 50 moving back down to the 200, not firing on all cylinders, needs spark.
VRER, anyone watching this volume and swings?
Just ran back from the hen house, chickens are hatching right now all making a cheep cheep sound.
WLSA did pop....+99%.