Cionbasewallett @Boommer1974
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Sure Could Blast off!!
No one is Selling it Dillution LOL
Can u post aL2 shot
its fake with 2 million just sold there is no way LOL
well im am waiting no sense selling now .05 to break even LOL
they forgot to mention just one more RS until a dollor per share LOL
Never happening here? this seems like big scam,, share buy back and the share price falls 5 cents LOL this one done just bag holder and im one of them ...
Argent Energy Trust Reports Asset Sale
11 May 2015 - Canada Newswire
CALGARY, May 11, 2015 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) announces it has entered into an agreement for the sale of its interests in Kansas and Oklahoma (the "Mid-Continent").
Argent Energy (US) Holdings Inc., a wholly-owned subsidiary of the Trust, has entered into a sale agreement to sell its interests in the Mid-Continent to a third party for gross proceeds of US$20 million, subject to usual closing adjustments. Argent's holdings in the sale include interests in approximately 19,500 gross (13,600 net) acres and 88 active oil wells, with average working interest production of approximately 548 boe/d barrels of oil equivalent per day ("boe/d") before royalties during the first quarter of 2015. The transaction has an effective date of January 1, 2015 and is expected to close on or before June 30, 2015. Argent's corporate production for 2015 is expected to average approximately 4,500 boe/d after taking account of this sale, compared to the previous forecast of 4,700 boe/d.
This transaction represents the second asset sale by Argent in accordance with its previously announced strategy to manage through the challenging market conditions and maintain financial flexibility. The net proceeds from the sale will be used to pay down amounts drawn on Argent's US$140 million credit facility, which is currently US$108 million drawn. Upon closing of the Mid-Continent sale and the previously announced sale of its Manvel Field, Argent expects to be approximately US$69 million drawn on its facility, which will be re-determined upon closing. These sales conclude the strategic review sales process and Argent will cease marketing its assets.
Argent believes this sale and the previously announced sale of its Manvel Field, together with the continued focus on reducing operating costs, and reduced general and administrative costs, will put the Trust in position to maintain liquidity in the low commodity price environment and provide a stable base of operations on which to move forward.
This press release contains statements that are forward looking. Investors should read the Note Regarding Forward- Looking Statements at the end of this press release. In this press release, references to "Argent" or the "Trust" include the Trust and its operating subsidiaries.
Note about forward-looking statements
This press release includes forward-looking information within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical facts, that address activities, circumstances, events, outcomes and other matters that Argent budgets, forecasts, plans, projects, estimates, expects, believes, assumes or anticipates (and other similar expressions) will, should or may occur in the future, are considered forward-looking information.
In particular, forward-looking information contained in this press release includes, but is not limited to, oil, natural gas and NGL production rates, average production for 2015, operating costs, the expected closing date of the sale transaction, the Trust's ability to maintain compliance and liquidity, the Trust's ability to pay down amounts drawn under its credit facility, and the ability to reduce operating costs and general and administrative costs.
With respect to forward-looking statements contained in this press release, assumptions have been made regarding, among other things, future oil and natural gas prices, future currency exchange and interest rates, the regulatory framework governing taxes in the US and Canada and the Trust's status as a "mutual fund trust" and not a "SIFT trust", estimates of anticipated production from the Trust's assets, which estimates are based on the proposed drilling and completion program with a success rate that, in turn, is based upon historical drilling and completion success and an evaluation of the particular wells to be drilled and completed, future recoverability of reserves from the assets, future potential and experience and performance of its management team, future capital expenditures and the ability of the Trust to obtain financing on acceptable terms for its capital projects and future acquisitions, and the Trust's capital budget (which is subject to change in light of ongoing results, prevailing economic circumstances, commodity prices and industry conditions and regulations).
The forward-looking information provided in this press release is based on management's current beliefs, expectations and assumptions, based on currently available information as to the outcome and timing of future events. Argent cautions that its future oil, natural gas and natural gas liquids production, revenues, cash flows, liquidity, plans for future operations, expenses, outlook for oil and natural gas prices, timing and amount of future capital expenditures, and other forward-looking information is subject to all of the risks and uncertainties normally incident to the exploration for and development and production and sale of oil and gas.
These risks include, but are not limited to, oil and natural gas price volatility, Argent's access to cash flows and other sources of liquidity to fund its capital expenditures, its level of indebtedness, its ability to replace production, the impact of the current financial climate on Argent's anticipated business and financial condition, a lack of availability of or increases in costs of goods and services, a lack of performance of its staff or ability to retain experienced personnel, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, economic conditions and other risks as described in documents and reports that Argent files with the securities commissions or similar authorities in applicable Canadian jurisdictions on the System for Electronic Document Analysis and Retrieval (SEDAR). Any of these factors could cause Argent's actual results and plans to differ materially from those contained in the forward-looking information.
Forward-looking information is subject to a number of risks and uncertainties, including those mentioned above, that could cause actual results to differ materially from the expectations set forth in the forward-looking information. Forward-looking information is not a guarantee of future performance or an assurance that our current assumptions and projections are valid. All forward-looking information speaks only as of the date of this press release, and Argent assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking information, except as required by law. You should not place undue reliance on forward-looking information. You are encouraged to closely consider the additional disclosures and risk factors contained in Argent's periodic filings on SEDAR that discuss in further detail the factors that could cause future results to be different than contemplated in this press release.
Note regarding barrel of oil equivalency
Barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of six Mcf to one bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and do not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of six to one, utilizing a boe conversion ratio of six Mcf to one bbl may be misleading as an indication of value.
Argent is a mutual fund trust under the Income Tax Act (Canada) (the "Tax Act"). Argent's objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States. Material information pertaining to Argent Energy Trust may be found on www.sedar.com or www.argentenergytrust.com
SOURCE Argent Energy Trust
Argent Energy Trust Reports First Quarter 2015 Results
13 May 2015 - ACQUIREMEDIA
CALGARY, May 13, 2015 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) is pleased to provide its financial and operating results for the quarter ended March 31, 2015 ("Q1 2015"). For Q1 2015, average production was 5,819 boe/d barrels of oil equivalent per day ("boe/d"), of which 67% was oil and NGLs, producing funds flow from operations of $6.2 million ($0.10 per unit of the Trust ("Unit")) for the quarter. Impairment charges of $25.6 million were booked in Q1 2015 on certain assets sold subsequent to the quarter end to reflect their recoverable value, that resulted in a net loss for the quarter of $21.6 million ($0.34 per Unit).
The Trust's consolidated financial statements for the quarter ended March 31, 2015 and related management's discussion and analysis have been filed with the securities regulators and will be available under the Trust's issuer profile on the SEDAR website at www.sedar.com and are available on the Trust's website at www.argentenergytrust.com.
This press release contains statements that are forward looking. Investors should read the Note Regarding Forward- Looking Statements at the end of this press release. In this press release, references to "Argent" or the "Trust" include the Trust and its operating subsidiaries.
Highlights for the quarter ended March 31, 2015
Operations
•Production decreased by 9% to 5,819 boe/d (67% Oil & NGL) in Q1 2015 from 6,390 boe/d (69% Oil & NGL) in Q1 2014, primarily due to the natural decline of Eagle Ford and South Escobas wells and the cessation of capital spending on drilling in the second half of 2014.
•Oil & gas revenue decreased by 48% to $22.0 million from $46.2 million in Q1 2014, mainly due to lower oil & gas prices in Q1 2015. The average WTI oil price decreased by 45% from $108.91 per barrel in Q1 2014 to $60.18 per barrel in Q1 2015. The average Henry Hub natural gas price decreased by 37% from $5.72 per mmBTU in Q1 2014 to $3.60 per mmBTU in Q1 2015.
•Netbacks from sales volume for Q1 2015 were $4.1 million, or $7.84 per boe, as compared to $22.9 million, or $39.52 per boe for Q1 2014. An additional $1.0 million in netback was received from overriding royalties in Q1 2015 (compared to $2.2 million in Q1 2014).
•Q1 2015 funds flow from operations was $6.2 million, or $0.10 per Unit, compared to $14.9 million, or $0.24 per Unit in Q1 2014. The decrease was mainly due to lower oil & gas prices.
•Q1 2015 loss was $21.6 million, or $0.34 per Unit, as compared to Q1 2014 loss of $2.3 million, or $0.04 per Unit.
•Note: Netbacks and funds flow from operations are non-IFRS financial and additional GAAP measures respectively. See the Non-IFRS Financial and Additional GAAP Measure sections in this press release.
Investing and Financing
•Capital expenditures, excluding corporate acquisitions, decreased to $2.4 million in Q1 2015, from $28.1 million in Q1 2014. This is in line with the Trust's 2015 capital budget of US$12 million.
•Subsequent to quarter end, the Trust entered into agreements to sell certain oil and gas properties located in Manvel, Texas and Kansas and Oklahoma for total gross proceeds of US$40.5 million (Cdn$51.3 million). In accordance with IFRS, the carrying value of these assets at March 31, 2015 was adjusted to reflect the sale value of these assets, resulting in a charge of $25.6 million booked as an impairment. The proceeds from disposition will be used to pay down part of the credit facility.
•In conjunction with the sale of the Manvel Field, the Trust bank credit facility is to be redetermined with a borrowing base of US$110.0 million, with a further redetermination to occur upon closing of the sale of the Kansas and Oklahoma assets expected in June. Upon closing of both sales, the Trust is expected to be approximately US$69 million drawn on its facility.
•Declared unitholder distributions of $0.03 per Unit during Q1 2015 ($0.01 per Unit per month), with distributions being suspended from April 2015.
Selected Quarterly Information
($000 unless stated)
Q1 2015
Q1 2014
Oil and gas sales, before royalties
$21,981
$46,248
Production
- Oil (bbl/d)
3,627
4,085
- NGL (bbl/d)
255
326
- Natural Gas (mcf/d)
11,619
11,876
Oil & gas production (boe/d)
5,819
6,390
% Oil and NGLs
67%
69%
Total Netback (2)
$5,096
$25,092
Netback from sales volume only
$4,118
$22,865
- per boe
$7.84
$39.52
Funds flow from operations (2)
$6,189
$14,866
- per boe
$11.82
$25.85
- per Trust Unit, basic
$0.10
$0.24
Loss
($21,551)
($2,294)
- per Trust Unit, basic and fully diluted
($0.34)
($0.04)
Total Assets
$438,844
$751,715
Non-current Liabilities
$201,379
$253,399
Distribution per Trust Unit
$0.03
$0.26
Capital Expenditures (1)
$2,421
$28,128
Unitholders' Equity
$202,021
$427,781
Note (1):
Capital expenditures exclude corporate acquisitions
Note (2):
Netbacks and funds flow from operations are non-IFRS financial and additional GAAP measures respectively. See the Non-IFRS Financial and Additional GAAP Measure sections in this press release.
The operating results for the quarter reflect the impacts of the lower oil and gas prices and a decrease in the value of Canadian dollar, which cumulatively represent the main drivers of the change in revenue, netbacks and funds flow from operations from the prior year.
During Q1 2015, the Trust recognized an impairment loss of $6.0 million on its Texas Conventional CGU, $9.4 million on its Kansas CGU and $10.2 million on its Oklahoma CGU. This loss represents an adjustment made to the recoverable value of these assets due to the Trust entering into a purchase and sale agreement for the Trust's Manvel Field assets within its Texas Conventional CGU and for its Kansas and Oklahoma assets.
As at March 31, 2015, the Trust had a net working capital surplus of $10.8 million and undrawn availability under its committed credit facility of approximately $40.5 million (US$32 million) providing sufficient liquidity to fund its obligations.
Outlook
In accordance with its previously announced strategy to manage through the challenging market conditions and maintain financial flexibility, Argent entered into agreements to sell its holdings in the Manvel Field, Texas ("Manvel") and its interest in Kansas & Oklahoma (the "Mid-Continent Assets"). The net proceeds from the sales will be used to pay down amounts drawn on Argent's credit facility. Upon closing of the Manvel sale which is expected to occur on May 14, 2015, Argent's credit facility (which is currently US$108 million drawn) will be set at US$110 million, and Argent expects to be approximately US$89 million drawn at that time. Upon closing of the Mid-Continent Assets' sale which is expected to occur in June 2015, Argent's credit facility will be reduced to a level expected to be above the forecast amount drawn of approximately US$69 million at that date. These sales conclude the strategic review sales process and Argent will cease marketing its assets.
In addition, Argent has reduced its technical and administrative staff by approximately 30%, with resulting annualized salary cost savings (excluding severance payments) expected to be approximately US$2 million, the benefit of which will start to be seen in the third quarter of 2015.
Argent believes these measures, together with the focus on reducing operating costs, put the Trust in position to maintain liquidity in the low commodity price environment and provide a stable base of operations on which to move forward.
The revised 2015 annual production target after accounting for the sales will be approximately 4,500 boe/d (approximately 67% oil and NGLs), with an exit rate of approximately 4,300 boe/d to 4,400 boe/d. For 2015, Argent has hedged approximately 65% of its forecast oil production at WTI oil prices of US$90/bbl equivalent or higher and has hedged approximately 65% of its forecast natural gas production at an average price of US$4.12/mmbtu, which will assist in supporting the funds flow from operations. For 2016, to date Argent has hedged 1,000 bbl/d of oil at WTI prices averaging US$65.45/bbl and has hedged 4,000 mmbtu/d of natural gas at an average price of US$4.06/mmbtu, and Argent will continue to review its hedged position to protect future cashflow and enterprise value.
Non-IFRS Financial Measure
Statements throughout this press release make reference to the term "netbacks", which is a non-IFRS financial measure that does not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that "netbacks" provides useful information to investors and management since this measure is commonly used by other oil and gas companies. "Netbacks" is equal to oil, natural gas and NGL sales revenue less royalties, transportation costs, production taxes and operating expenses. Other financial data has been prepared in accordance with IFRS.
Additional GAAP Measure
In this press release, the Trust refers to an additional GAAP measure that does not have any standardized meaning as prescribed by IFRS. "Funds flow from operations" is considered an additional GAAP measure and is equal to cash provided by operating activities, before changes for non-cash working capital, as stated in the Trust's unaudited interim consolidated financial statements. We believe funds flow from operations, which is not impacted by fluctuations in non-cash working capital balances, is more indicative of operational performance.
Note about forward-looking statements
This press release includes forward-looking information within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical facts, that address activities, circumstances, events, outcomes and other matters that Argent budgets, forecasts, plans, projects, estimates, expects, believes, assumes or anticipates (and other similar expressions) will, should or may occur in the future, are considered forward-looking information.
In particular, forward-looking information contained in this press release includes, but is not limited to, Argent's capital program, drilling and completion plans (including fracing), oil, natural gas and NGL production rates, operating costs, production growth, hedging activities, the payment of cash distributions by the Trust, including the amount and timing of payment of cash distributions, source of funding for capital expenditures, timing of drilling and completion of its Parkman wells, the Trust's ability to maintain compliance and liquidity, the Trust's ability to market certain assets and pay down amounts drawn under its credit facility, the Trust's ability to achieve success with its Houston management team, and the ability to reduce overhead costs in Calgary and Houston.
With respect to forward-looking statements contained in this press release, assumptions have been made regarding, among other things, future oil and natural gas prices, future currency exchange and interest rates, the regulatory framework governing taxes in the US and Canada and the Trust's status as a "mutual fund trust" and not a "SIFT trust", estimates of anticipated production from the Trust's assets, which estimates are based on the proposed drilling and completion program with a success rate that, in turn, is based upon historical drilling and completion success and an evaluation of the particular wells to be drilled and completed, future recoverability of reserves from the assets, future potential and experience and performance of its Houston management team, future capital expenditures and the ability of the Trust to obtain financing on acceptable terms for its capital projects and future acquisitions, and the Trust's capital budget (which is subject to change in light of ongoing results, prevailing economic circumstances, commodity prices and industry conditions and regulations).
The forward-looking information provided in this press release is based on management's current beliefs, expectations and assumptions, based on currently available information as to the outcome and timing of future events. Argent cautions that its future oil, natural gas and natural gas liquids production, revenues, cash flows, liquidity, plans for future operations, expenses, outlook for oil and natural gas prices, timing and amount of future capital expenditures, and other forward-looking information is subject to all of the risks and uncertainties normally incident to the exploration for and development and production and sale of oil and gas.
These risks include, but are not limited to, oil and natural gas price volatility, Argent's access to cash flows and other sources of liquidity to fund its capital expenditures, its level of indebtedness, its ability to replace production, the impact of the current financial climate on Argent's anticipated business and financial condition, a lack of availability of or increases in costs of goods and services, a lack of performance of its staff or ability to retain experienced personnel, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, economic conditions and other risks as described in documents and reports that Argent files with the securities commissions or similar authorities in applicable Canadian jurisdictions on the System for Electronic Document Analysis and Retrieval (SEDAR). Any of these factors could cause Argent's actual results and plans to differ materially from those contained in the forward-looking information.
Forward-looking information is subject to a number of risks and uncertainties, including those mentioned above, that could cause actual results to differ materially from the expectations set forth in the forward-looking information. Forward-looking information is not a guarantee of future performance or an assurance that our current assumptions and projections are valid. All forward-looking information speaks only as of the date of this press release, and Argent assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking information, except as required by law. You should not place undue reliance on forward-looking information. You are encouraged to closely consider the additional disclosures and risk factors contained in Argent's periodic filings on SEDAR that discuss in further detail the factors that could cause future results to be different than contemplated in this press release.
Note regarding barrel of oil equivalency
Barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of six Mcf to one bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and do not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of six to one, utilizing a boe conversion ratio of six Mcf to one bbl may be misleading as an indication of value.
Argent is a mutual fund trust under the Income Tax Act (Canada) (the "Tax Act"). Argent's objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States. Material information pertaining to Argent Energy Trust may be found on www.sedar.com or www.argentenergytrust.com
SOURCE Argent Energy Trust
Here is waht i do not under stand when u buy a shell who get the money because the shell is owned by the share holders LOL ??
yup for sure
Yea monthy div. Was just canceled due to oil price I'm thinking buy now and when oil goes back up I will be very happy..
im with Questrade and i hav not gotten mine too ussually 2 weeks??
no i have shares but by the time i can trade them im sure they wil be worth about 10 bucks maybe LOL
Its been done here 7 times in the last 10 years LOL
this co changee its name 7 times in 10 years lol??
I hate to say it but all these big sales look a hell of alot like dilution ???
got a new email
11 May 2015
Good morning, PVECD Shareholders,
If you are receiving this email it means we have successfully integrated your email
contact information from the former PVEC IR email to the now PVECD
and your contact information as a shareholder has been
duly confirmed.
As has been noted on the Drone Services USA, Inc. website (www.dsusa.us),
this email is to confirm that the company intends to honor the former PVEC
Series C distribution. All eligible shareholders of record will have an
opportunity to redeem their Series C shares in the future.
There are still quite a number of matters to be tackled as the company
continues through this transition period. I assure you, however,
finalizing the distribution and solidifying redemption options for each
and every eligible shareholder is of utmost importance.
Either DSUSA IR personnel or myself will be in contact with each and every
one of you regarding this matter, with further instruction, in the ensuing weeks.
The DSUS ticker symbol should go into effect on or about 26 May 2015 as this will
mark the end of FINRA's compulsory 20 business day waiting period post recent
corporate actions. There is nothing unusual whatsoever about this action and is applicable for
any company having taken the same actions as the former PVEC.
Thank you for your support and patience.
Regards,
Kerry
--
Investors Relations
Drone Services USA, Inc.
1850 SE 17th St. #305
Ft. Lauderdale, FL 33316
954-716-8796
www.dsusa.us
I got my email too
Was there an RS HERE
looking better here these days ??
Im feeling a major pump coming LOL look out everyone ???
its hot stuff only a few are in the know??
Nutzzz I say !!!
i have looks everywhere and i cant find this PR ??
wounder what power hour will bring but it is Friday so ??
#11 on the break out board !!
green at .o8 for me
looking good here today !!
Looks like the buy back has started ??
some one bought some one its unclear who bought who but they trade under BRDD LOL
It seems to me that some 3 or 4 co's have mearged here to form a big co $$$
Blackbird International Corporation Announces Planned Share Buyback Program
14 Apr 2015 - ACQUIREMEDIA
TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.
Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."
The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.
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 that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
SOURCE Blackbird International Corporation
Blackbird International Corporation Announces Planned Share Buyback Program
14 Apr 2015 - ACQUIREMEDIA
TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.
Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."
The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.
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 that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
SOURCE Blackbird International Corporation
Blackbird International Corporation Announces Planned Share Buyback Program
14 Apr 2015 - ACQUIREMEDIA
TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.
Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."
The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.
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 that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
SOURCE Blackbird International Corporation
Blackbird International Corporation Announces Planned Share Buyback Program
14 Apr 2015 - ACQUIREMEDIA
TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.
Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."
The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.
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 that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
SOURCE Blackbird International Corporation
Blackbird International Corporation Announces Planned Share Buyback Program
14 Apr 2015 - ACQUIREMEDIA
TEL-AVIV, Israel, April 14, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a global leader in renewable sea wave energy technology (WERPO), is pleased to announce that it will initiate a planned share buyback program of its common stock from the open market up to 7 million shares.
Mr. Shmuel Ovadia, Director and inventor of BBRD's technology stated: "We believe the common shares of BBRD are very valuable and this share buyback program will not only strengthen the company's capital structure, but ultimately increase the value of the shares to our loyal shareholders. This repurchase program demonstrates our commitment to building long-term shareholder value and further shows our confidence in the growth potential of WERPO. Given the strong demand for WERPO's technology and the expansion of our brand, we see tremendous opportunities ahead."
The share repurchases will be made from time to time over the next 6 months at the Company's discretion. The repurchase program may be suspended or discontinued at any time.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution around the world.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as number one in its field by an independent team of scientists from PesWiki and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established 11 joint ventures with local partners in 9 different countries including a second project in China.
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 that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
SOURCE Blackbird International Corporation
iv been holding here since the RS we be back to 8 cents next week ???