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| Oil and Gas Pipeline - News and Plays This thread currently has 4,842 views. |
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Gateway_Stocks |
| Saturday, October 14, 2006, 2:00:12pm |
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| Saturday, October 14, 2006, 2:09:25pm |
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UPDA Canyon Creek Subsidiary Commences Well Work-Over Program - Ambient Retains VALA Resources to Return Archer County Field to Production in Two Weeks Tuesday October 10, 6:29 am ET JUNO BEACH, Fla.--(BUSINESS WIRE)--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary Ambient Wells Services, Inc. has retained VALA Resources, Inc. of Laredo, Texas, to spearhead the workover of the various leases owned by UPDA subsidiary Canyon Creek Oil and Gas, Inc. In a conference attended by the management of UPDA, Ambient, Canyon Creek and VALA, a schedule for the workover of the Canyon Creek properties in Archer, Palo Pinto, Coleman, Prideaux Counties, Texas was established. ADVERTISEMENT The first property on the schedule, known as the Archer County Regular Field, contains 17 wells on over 1300 acres. VALA, under the supervision of Ambient, will service and repair all separators and pump jacks on the property and permit and install a new injection well for salt water disposal. In addition, Ambient will repair and replace the flow lines and gathering system and hire a rig to work over all wells on the lease, pull, test and repair the rods and tubing and replace the down hole pumps. "As with Landmark on the Catlin Field, we look forward to working with VALA on the Archer Field," said Gaby Damary, COO of Ambient. "Together with the engineers at VALA, we have prepared a detailed and ambitious schedule for Archer as well as the other Canyon Creek properties. Within a couple of weeks of starting the work on Archer, we will begin the same type of program at Palo Pinto and continue until all of the wells are at optimal production." The progress of these projects will be reported by UPDA as it continues to update its website at: http://www.universalpropertydevelopment.com. About UPDA Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions. Contact: Universal Property Development and Acquisition Corporation Jack Baker, 561-630-2977 (Investor Relations) info@updac.com |
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| Saturday, October 14, 2006, 2:10:28pm |
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IHDR - Internal Hydro's Low Hydro Unit Showings for Euro Partners, Asian Potential, Production Data to be Included On Web Site Tuesday October 10, 10:00 am ET TAMPA, Fla., Oct. 10, 2006 (PRIMEZONE) -- Internal Hydro International, Inc., (OTC BB:IHDR.OB - News) ( http://www.internalhydro.com) announced today that the details of the low hydro positive displacement unit, the Energy Commander V (EC V), the alternative to traditional hydro technology, which is being run in Mobile, Alabama for showings to its European partner during a three-day handover production conference, is also being shown for other users of the technology including domestic utilities, industrial and natural flow users. IHDR has recently shown early run video of the unit operating in Mobile; other video of the energy production is to follow with data of the efficiencies created to be displayed after the recent runs, to show electricity production and output statistics. IHDR has hosted conferences for other potential licensees outside of North America and Europe, including Asia. The output of the EC V, has shown to be more efficient at a 50 psi input for the 30 Kw production unit, will continue to be run before turn over to Cm2, the European partner for production, with data sheets to be released for users and then viewing at the company's web site to follow this week and on an ongoing basis. IHDR will be hosting its European production partner, Cm2 in Mobile for demonstrations and handover of the unit for future large scale production under Cm2 the week of October 16th. With Cm2 taking charge of the production of the EC V, IHDR will concentrate upon the domestic sales and international licensing of the EC V technology, through previously identified entities. The want for the technology has now grown to both domestic and international users from the information provided from Mobile. IHDR will supply a detailed video to replace that shown on the web site in the short term by that same time frame. The EC V low impact hydro unit is the first to ever utilize positive displacement by cylinders set in a radial engine form, instead of traditional turbines. The uses identified by licensees in Europe and other areas globally will fit tens of thousands of applications and placements. At a superior price per Kilowatt of electricity provided, the unit is more than cost efficient than any other energy production technology on the market. The Company's plan is for the Energy Commander to be produced by Cm2 in Italy for supply into the U.S. and Europe initially, with contracting, and placement plans to be supplied in data sheets to users from the current runs. The Company expects that with the showing of the unit, the unit will be entered into many additional outlets and sources of contracts to governmental and private entities. IHDR's use of the positive displacement system has now been identified to be used for industrial safety in high rises due to the safe mechanical nature of the unit to provide mechanical power potential for an additional use in elevators without electricity production, which is now the subject of interest for the unit globally. |
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Gateway_Stocks |
| Saturday, October 14, 2006, 2:11:12pm |
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TSSP -TrendSetter Solar Products to Supply Alternate Energy Source to Affordable Housing Project Tuesday October 10, 9:23 am ET FAIRHAVEN, CA--(MARKET WIRE)--Oct 10, 2006 -- TrendSetter Solar Products, Inc. (Other OTC:TSSP.PK - News) today announced that it has solidified the contract to provide its solar thermal hot water heating and storage systems to the new Courtyards of Arcata, Phase II affordable housing project. Dirk Atkinson, TrendSetter's CEO said that "This phase II of the project will provide revenues of approximately $239,000 for this local affordable housing project being newly constructed in Arcata, CA, Arcata is a community close to Fairhaven, CA. Phase II is a continuation of Phase I, for which TrendSetter provided its solar thermal hot water heating and storage systems. We expect to complete the installation of our solar hot water systems in these new housing units within the next several months." Atkinson went on to say that, "TrendSetter has purchased sufficient evacuated tube collector inventory, from its U.K. partner, to support sales through the end of 2006. The collectors are scheduled to arrive from overseas in October." About TrendSetter Solar Products TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website http://www.trendsetterindustries.com. Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical fact may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from the projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions. Contact: For more information contact: Dirk Atkinson TrendSetter CEO Email: dirkatkinson@comcast.net Jim Holmes CCMCo Email: jholmes777@aol.com |
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| Saturday, October 14, 2006, 2:11:55pm |
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GS CleanTech Completes Installation of Corn Oil Extraction Technology Business Wire - October 10, 2006 8:00 AM (EDT) NEW YORK, Oct 10, 2006 (BUSINESS WIRE) -- GS CleanTech Corporation (OTC Bulletin Board: GSCT) today announced its installation of the first stage of GS CleanTech's Corn Oil Extraction System(TM) ("COES") at Little Sioux Corn Processors, LLC ("Little Sioux"), a Marcus, Iowa based ethanol producer. GS CleanTech's patent-pending corn oil extraction technology has been engineered to help ethanol producers enhance production and increase revenues out of their existing crop in cost-effective and rapid ways. GS CleanTech's COES can extract about 3 million gallons of crude corn oil from a typical 50 million gallon ethanol production facility in two 1.5 million gallon per year stages. Little Sioux is an innovative farmer-owned ethanol production facility that was commissioned in April 2003 and was designed to produce 40 million gallons of ethanol per year. Facility operators have been able to eliminate processing bottlenecks to allow it to consistently produce in excess of 50 million gallons of ethanol annually, and Little Sioux continues to implement new processing technologies. The first stage of Little Sioux's COES installation was completed this past week and the system is now fully operational extracting corn oil at a rate of about 1.5 million gallons per year from an ethanol co-product called distillers dried grains ("DDG"). David Winsness, GS CleanTech's president and chief operational officer, said that "the Little Sioux installation was one of two early adopter sites that we have been working with to demonstrate the performance of our extraction technology. The leadership of Little Sioux is clearly committed to innovation. We were very fortunate to have had the opportunity to work with Little Sioux and we look forward to continued opportunities to doing so in the future." GS CleanTech's Corn Oil Extraction System(TM) Currently, the majority of the ethanol produced domestically is based on a dry milling technique that converts corn into ethanol. The corn is milled and then mashed with a combination of heat and enzymes that convert the starch in the corn into fermentable sugars. This mash is then cooled and mixed with yeast to create a fermented mash which is then separated into alcohol and stillage. The alcohol is distilled and dehydrated into 200 proof fuel-grade ethanol. The stillage is sent through series of centrifuges and evaporators and then to a rotary dryer to reduce moisture. The output of the drying stage is a co-product called distillers dried grains ("DDG") which is conventionally sold as a livestock feed. GS CleanTech's patent-pending corn oil extraction technology intercepts the stillage flow in between the evaporation stage in the drying stage. The stillage has a concentrated syrup-like consistency after evaporation. GS CleanTech heats the concentrated stillage and then uses advanced centrifuge technology to spin crude corn oil out of the heated concentrated stillage. The crude corn oil is then routed to storage for use as a raw material for biodiesel production and the now defatted concentrated stillage is returned to the drying stage of the ethanol production process where it is dried into defatted DDG. GS CleanTech's corn oil extraction technology provides ethanol producers with the following benefits: -- Increased Revenue - The corn oil extracted is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities; -- Reduced Operating Costs and Emissions - Corn oil removal can improve drying efficiency by more than 10% with reduced natural gas or coal needs and reduced emissions (NOx, SOx, VOC, and CO2); -- Low Operating Costs - The system requires less than $0.05 per gallon of corn oil produced; -- High Recovery Rates - The technology is capable of recovering up to 75% of the corn oil within the DDG; and, -- Increased Inclusion Rates - Corn oil removal can improve defatted DDG marketability and inclusion rates by reducing fat content. GS CleanTech's pricing model for its corn oil extraction technology is based on GS CleanTech's provision of turn-key extraction systems for no up-front cost in return for long-term agreements to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices. Alternatively, GS CleanTech's clients have the option of purchasing their installation of the corn oil extraction technology provided that GS CleanTech retains the right to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices for the life of the use of the technology. About GS CleanTech Corporation GS CleanTech Corporation (OTC Bulletin Board: GSCT) provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources. Additional information on GS CleanTech's Corn Oil Extraction System and GS CleanTech's ethanol efficiency program is available online at http://www.gs-cleantech.com. GS CleanTech is about 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources. Safe Harbor Statement This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS CleanTech Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. SOURCE: GS CleanTech Corporation GS CleanTech Corporation 212-994-5374 Fax: 646-572-6336 investorrelations@gs-cleantech.com http://www.gs-cleantech.comor Investor Relations: CEOcast, Inc. Andrew Hellman, 212-732-4300 or Public Relations: Walek & Associates Deborah McCandless, 212-590-0523 Fax: 212-889-7174 dmccandless@walek.com http://www.walek.com |
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| Saturday, October 14, 2006, 2:12:42pm |
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OEGY Open Energy Corporation to Be Featured on NBC's Today Show Business Wire - October 9, 2006 8:00 AM (EDT)
-Company's SolarSave(R) Tiles to be Included in Home Improvement Segment
SOLANA BEACH, Calif., Oct 09, 2006 (BUSINESS WIRE) -- Open Energy Corporation (OTCBB: OEGY), a renewable energy company focused on the design and manufacturing of solar energy products, announced today that its SolarSave(R) Roofing Tiles will be featured on NBC's Today Show on Tuesday, October 10 as part of Lou Manfredini's Lean Home - Home Improvement segment.
"Being recognized by The Today Show and Lou Manfredini is a great tribute to the functionality and performance of our SolarSave(R) Roofing Tiles," commented David Saltman, President and CEO of Open Energy Corporation. "Lou only profiles the top home improvement products available so we are proud to have been selected and highlighted on America's top morning news magazine program."
The Today Show segment is schedule to air on October 10 on NBC between 7:00 a.m. and 10:00 a.m.
Open Energy's SolarSave(R) Roofing Tiles are the ideal solar solution for residential housing projects where the use of cement or ceramic tiles is prevalent. The tiles are actual roofing products that incorporate the photovoltaic panel directly into the building material. As a result, the tiles blend seamlessly with the color and edge profiles of the most commonly used roofing tiles. SolarSave(R) tiles are easy to install by builders, come in a variety of sizes and colors and come with a 20-year warranty.
About Open Energy
Open Energy Corporation (OTCBB: OEGY) focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including electrical and thermal power production and water desalination. The Company pursues these objectives through technology innovation, acquisitions, strategic partnerships and other business strategies. The company's mission is to enhance life by harnessing the power of the sun.
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, customer demand for its products, the Company's ability to scale up manufacturing to meet demand, the Company's competitive position and other factors over which Open Energy Corporation has little or no control.
SOURCE: Open Energy Corporation
Integrated Corporate Relations Media: James McCusker, 203-682-8245 jmccusker@icrinc.com or Investor Relations: John Mills, 800-250-2610 jmills@icrinc.com
Copyright Business Wire 2006 |
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| Saturday, October 14, 2006, 2:13:20pm |
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TMY: Transmeridian Exploration Receives Two-Year Extension of South Alibek Exploration Contract Tuesday October 10, 3:54 pm ET HOUSTON, Oct. 10, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY - News) today announced that it has received a two-year extension of its exploration contract for the South Alibek Field in Kazakhstan. The contract, which would have expired in April 2007, has now been extended to April 29, 2009. As a result of the extension, the Company will have two additional years to conduct exploration activities within its 14,000 acre South Alibek license area and increase the 3,500 acres currently approved as the commercial area for the South Alibek Field. The minimum work program under the extension is approximately $28 million, which includes the drilling of four additional wells. ADVERTISEMENT ``This extension is an important step in our continuing exploration and development of the South Alibek Field,'' commented Lorrie T. Olivier, President and Chief Executive Officer. ``We now have until April 29, 2009 to add reserves to the approved commercial area, which could significantly increase the overall net present value of the Field to the Company. The program to drill exploratory wells will be integrated with the previously announced expansion of our development drilling program, which is currently utilizing five drilling rigs.'' About Transmeridian Exploration Incorporated Transmeridian Exploration Incorporated is an independent energy company established to acquire and develop oil reserves in the Caspian Sea region of the former Soviet Union. The company primarily targets fields with proved or probable reserves and significant upside reserve potential. Transmeridian Exploration currently has projects in Kazakhstan and southern Russia and is pursuing additional projects in the Caspian Sea region. Contact: Transmeridian Exploration Incorporated Lorrie T. Olivier, CEO Earl W. McNiel, CFO (281) 999-9091 Fax: (281) 999-9094 tmei@tmei.com http://www.tmei.com397 N. Sam Houston Pkwy E., Suite 300 Houston, Texas 77060 |
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| Saturday, October 14, 2006, 2:13:52pm |
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Global Investing 101: Africa and the Middle East By Motley Fool Staff October 9, 2006
As we await the launch of Motley Fool Global Gains, our new international investing service, we are taking a look back at some of our best international stock ideas. This article was originally published on June 12, 2006.
In the pantheon of international investing, if this were a World Cup, Africa and the Middle East would be the "team" that has a few really nice players, but not a roster that would give it a chance at winning the whole enchilada.
Perhaps I should say the "whole pita" or the "whole injera" or something more geographically appropriate. However, as someone who relishes the thought of digging in places other people might want to avoid, I was pretty sure that I would be able to find some real value in Africa and the Middle East. Besides, everyone else here seems to have forgotten that the expanse of Africa and the Middle East contains two ideally situated, rapidly growing, developed economies with robust levels of minority shareholder protection.
Yes, in this region there's Israel and South Africa. There's also Turkey, one of the fastest-growing economies in the world, with plenty of connection to Europe. These markets are also somewhat easy to track: Of the 66 countries that make up Africa and the Middle East, those are the only three countries that have companies listed on the three major U.S. exchanges. Israel is a burgeoning financial and technological powerhouse. South Africa is king of the precious-metals and diamond-mining businesses. And Turkey has a cellular company listed on the New York Stock Exchange.
Africa and the Middle East have more than their fair share of economic basket cases, to be sure. Congo? Disastrous. Somalia? May or may not have a government, and either way, it's at minimum a failed state. Zimbabwe has been run into the ground by policies that are so destructive and random that the country might have been better off if economic policymaking was done using Yahtzee dice and a highly trained chinchilla. These countries have no direct exposure to the major U.S. exchanges.
Unfortunately, neither do a number of smaller countries that have rapid growth rates and burgeoning economies. Botswana, for example, has recently held a higher sovereign debt rating than Japan. Kenya, Uganda, Ghana, and Namibia offer developing economies and burgeoning local stock exchanges. And across the Red Sea, the stock markets in Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates have been among the fastest-rising in the world before a recent swoon. Unfortunately, none of these markets is functionally open to international investors. Lebanon has corruption problems galore, which serve to impair its standing globally. However, Beirut has been a center for commerce and banking in the region for millennia, and the nation's emergence from decades of crippling civil war has created awesome opportunities.
Cracks are opening. Qatar Telecom is available on the London Stock Exchange, and billionaire Saudi Prince al-Waleed's Kingdom Hotels is exploring the ability to list overseas as well.
What Africa and the Middle East has, in a quantity that is unequaled anywhere else in the world, is potential. This is the most mineral-rich region in the world, and plenty of companies do enormous levels of work here, from Royal Dutch Petroleum (NYSE: RDS-A) and its African and Middle Eastern oil production resources to Vaalco Energy (AMEX: EGY) and its oil-exploration rights off the coast of the West African country of Gabon. If you want to speak of potential for growth, in Africa it's nearly limitless.
At the same time, as investors we cannot simply put our money into "potential." With the opening up of Africa to both the South African and (to a smaller degree) Israeli companies, growth in Africa is best tapped using companies that know the ground but are based in countries with sufficient shareholder protections. AngloGold Ashanti (NYSE: AU), a $10 billion South African gold-mining concern, has developed mines and interests throughout sub-Saharan Africa, and paper and pulp giant Sappi (NYSE: SPP) has done the same.
Gold? Paper? Beyond offering a proxy for the great currency debasement arguments circling the developing world, these might not offer the most exciting potential for investors. Look to the north, in Israel, and you'll find the foreign country that has more companies listed in the U.S. than any other. Many of these companies, like Answers (Nasdaq: ANSW), and Checkpoint Software (Nasdaq: CHKP), are high-tech concerns with little exposure to the Israeli economy, while Koor Industries (NYSE: KOR) is a conglomerate with diverse interests in telecommunications, agriculture, and venture capital.
Africa and the Middle East may not be the first regions people think of when they decide to look for overseas exposure. This is admittedly prudent. But between the diverse powerhouse economies of Israel and South Africa, plus the myriad ways of investing in the region through foreign companies operating there, you're going to see that plenty of that raw potential is going to turn into profits in the next decade. |
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| Saturday, October 14, 2006, 2:14:30pm |
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Mariner Energy, Inc. Announces Exchange Offer for Senior Notes Due 2013 Tuesday October 10, 5:48 pm ET HOUSTON, Oct. 10 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. (NYSE: ME - News; "Mariner") today announced that it has commenced an exchange offer for its outstanding 7 1/2% Senior Notes due 2013. These notes originally were issued in an April 24, 2006 private offering in an aggregate principal amount of $300,000,000. Holders of these notes may exchange them for a like principal amount of a new issue of 7 1/2% Senior Notes due 2013 pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions, registration rights and special interest provisions relating to the original notes do not apply to the new notes. Original notes that are not exchanged will continue to be subject to transfer restrictions. The new registered notes will not be subject to transfer restrictions. ADVERTISEMENT The exchange offer will expire at 5:00 p.m., New York City time, on November 9, 2006, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires. Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, Wells Fargo Bank, N.A., Corporate Trust Operations, Sixth and Marquette, MAC N9303-121, Minneapolis, MN 55479, telephone (800) 344-5128. This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of Mariner. The exchange offer is being made only pursuant to the exchange offer documents, including the prospectus and the letter of transmittal that are being distributed to holders of the original notes and have been filed with the Securities and Exchange Commission. This news release includes 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. All statements, other than statements of historical facts, that address activities that Mariner assumes, plans, expects, believes, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Our forward-looking statements are generally accompanied by words such as "may", "will", "estimate", "project", "predict", "believe", "expect", "anticipate", "potential", "plan", "goal", or other words that convey the uncertainty of future events or outcomes. The forward-looking statements provided in this press release are based on the current belief of Mariner based on currently available information as to the outcome and timing of future events. Mariner cautions that its future natural gas and liquids production, revenues and expenses and other forward-looking statements are 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, price volatility or inflation, lack of availability of goods and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, and other risks as described in the Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and other documents filed by Mariner with the Securities and Exchange Commission. Any of these factors could cause the actual results and plans of Mariner to differ materially from those in the forward-looking statements. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2005 and other documents filed by Mariner with the Securities and Exchange Commission that contain important information including detailed risk factors. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Mariner. About Mariner Energy, Inc. Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and West Texas. For more information about Mariner, please visit its website at http://www.mariner-energy.com . |
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| Saturday, October 14, 2006, 2:14:56pm |
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TGC Industries Announces 2006 Third Quarter Earnings Release and Conference Call Schedule Tuesday October 10, 5:07 pm ET PLANO, Texas, Oct. 10 /PRNewswire-FirstCall/ -- TGC Industries, Inc. (Amex: TGE - News) today announced plans to release 2006 third quarter results on Monday, October 23, 2006 before the market opens. In conjunction with the release, TGC Industries has scheduled a conference call, which will be broadcast live over the Internet, for Monday, October 23, 2006 at 9:30 a.m. eastern time. What: TGC Industries Third Quarter Earnings Conference Call When: Monday, October 23, 2006 - 9:30 a.m. eastern / 8:30 a.m. central How: Live via phone by dialing 303-262-2130 and asking for the TGC Industries call at least 10 minutes prior to the start time, or live over the Internet by logging onto the web at the address below Where: http://www.tgcseismic.comA telephonic replay of the conference call will be available through October 30, 2006 and may be accessed by calling 303-590-3000 using passcode 11073367. A web cast archive will also be available at http://www.tgcseismic.com shortly after the call and will be accessible for approximately 90 days. TGC Industries, Inc., based in Plano, Texas, with a branch office in Houston, is one of the leading providers of seismic data acquisition services throughout the continental United States. CONTACTS: Wayne Whitener Chief Executive Officer TGC Industries (972) 881-1099 Jack Lascar, Partner Karen Roan, SVP DRG&E (713) 529-6600 |
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| Saturday, October 14, 2006, 2:15:52pm |
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Unicorp Announces Participation in South Creole Prospect with Potential Reserves of 2.5 Bcf of Gas Tuesday October 10, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI - News) announced today that it has entered into an agreement to participate in the South Creole Prospect located in Cameron, Louisiana. The South Creole Prospect will be drilled to a depth of approximately 11,300 feet to test the Planulina A. Total reserves are estimated to be 2.5 Bcf of gas. The well is scheduled to be drilled in the 4th fiscal quarter of 2006. Unicorp will have a 25% working interest and an approximate 18.75% net revenue interest in the well. ADVERTISEMENT
"This is an exciting low risk prospect with high cash flow potential," stated Arthur Ley, COO of Unicorp. "It is an amplitude play that is correlated with surrounding amplitudes that have previously produced."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the quarter ended June 30, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Contact: Unicorp, Inc., Houston Carl A. Chase, 713-402-6717 Investors@unicorpinc.net |
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| Saturday, October 14, 2006, 2:16:29pm |
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Aspen Exploration Successfully Drills Gas Well in Malton Black Butte Field, Tehama County, California and Successfully Tests Gas Well in West Grimes Gas Field, Colusa County, California Tuesday October 10, 1:19 pm ET DENVER, CO--(MARKET WIRE)--Oct 10, 2006 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today it has drilled a new gas well and performed a successful flow test on a recently drilled gas well in the Sacramento Valley gas province of northern California. ADVERTISEMENT The Johnson Unit #12 well, located in the Malton Black Butte Field, Tehama County, California, was drilled to a depth of 4,700 feet and encountered 100 feet of potential gas pay in several intervals in the Forbes formation. Production casing was run based on favorable mud log and electric log responses. This was the ninth successful gas well out of ten attempts by Aspen in this field. Aspen has a 36% operated working interest in this well. The Stoddard-Johnston #1-1 well, located in the West Grimes Gas Field, Colusa County, California, was drilled to a depth of 8,700 feet and encountered 60 feet of potential gas pay in several intervals in the Forbes formation. One of these Forbes intervals was perforated and tested gas on a 3/16 inch choke at a stabilized rate of 1,628 MCFPD. The shut in pressure is in excess of 5,000 psig. Aspen has a 21% operated working interest in this well. The Alston #23-2 well, located in the Rice Creek Gas Field, Tehama County, California, was drilled to a depth of 5,700 feet and encountered potential gas pay in the Forbes formation. Several of these Forbes intervals were perforated and commercial gas production has not been obtained thus far. The well is currently shut in for further evaluation. Aspen has a 38.75% operated working interest in this well. Aspen also reported that the September 4, 2006 issue of the Oil & Gas Journal (OGJ) named Aspen among the Top 20 Fastest Growing companies for 2005 based on percentage growth in stockholder equity. The OGJ annually ranks U.S.-based, publicly traded oil and gas producers in its "OGJ200" article. Although primarily ranked in terms of assets, companies are additionally ranked on eleven other benchmarks including the fastest growing category. Aspen was ranked 120th in terms of assets (up from 127th last year), 19th fastest growing and 89th in net income. Aspen entered into a gas sales contract for approximately 20% of its operated production, at a fixed gross PG&E Citygate price of $10.15 per MMBTU, for the five-month period from November 2006 through March 2007. Aspen also entered into an additional gas sales contract for approximately 20% of its operated production, at a fixed gross PG&E Citygate price of $7.30 per MMBTU, for the four-month period from December 2006 through March 2007. Aspen drilled ten successful operated gas wells out of eleven attempts in 2006, and nine gas wells out of ten attempts in 2005. During the last 6 years, Aspen has participated in the drilling of 46 operated wells, 39 of which were completed as gas wells, and 7 dry holes, a success rate of 85%. Aspen currently operates 56 gas wells and has non-operated interests in 20 additional wells in the Sacramento Valley of northern California. Future news releases will keep shareholders informed of Aspen's continuing progress and drilling activity. Aspen's stock is quoted on the OTC Bulletin Board under the symbol ASPN.OB. For more information concerning Aspen, contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661) 831-4669. Aspen's web page can be found at http://www.aspenexploration.com. |
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| Saturday, October 14, 2006, 2:17:10pm |
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CyberTel Capital Corporation Announced Today That Its Subsidiary 'HBLN Services, Inc.' Has Changed Its Name to AireWire, Inc. Tuesday October 10, 12:30 pm ET SAN DIEGO and ATLANTA, Oct. 10 /PRNewswire-FirstCall/ -- CyberTel Capital Corporation (OTC Bulletin Board: CBCL - News) announced today that its subsidiary, HBLN Services, Inc. has changed its name to AireWire, Inc. ADVERTISEMENT HBLN Services, Inc. is an eight year old company headed by IT and telecom veteran, Walt Henley. "The name HBLN Services did not adequately describe our business," stated CyberTel CEO James Wheeler. "The new name, AireWire, describes our focus of creating the wireless local loop." "The future of the Internet is wireless. Soon, multi-megabit data service will be floating in the air," stated Henley. "Our new name will help the market understand our focus on building and operating WiMAX networks." About AireWire, Inc. AireWire, Inc. provides support for business development including the people, processes and technologies required to successfully deploy and operate networks of all kinds. AireWire provides business planning, development, engineering and deployment assistance from a base of experienced consultants across multiple disciplines. More information on AireWire, Inc can be found by visiting its web site at http://www.hblninc.com and http://www.airewire.com. About CyberTel Capital Corporation CyberTel Capital Corporation is a holding company with interests in areas of telecommunications, data management, information systems and public safety communication and response solutions. CyberTel trades on the OTC Bulletin Board under the ticker symbol CBCL. |
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| Saturday, October 14, 2006, 2:17:43pm |
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Laidlaw Energy Group, Inc. Unveils Plan To build the Nation's Cleanest Biomass Energy Plant Tuesday October 10, 9:45 am ET
NEW YORK--(BUSINESS WIRE)--Laidlaw Energy Group, Inc. (OTC: LLEG - News) announced today that its affiliate, Laidlaw EcoPower, LLC, plans to build what it believes will be the nation's cleanest commercial biomass energy plant. Laidlaw EcoPower, LLC is a joint venture between Laidlaw Energy and EcoPower, LLC. The proposed project will be situated at an existing biomass energy plant located in Central New Hampshire. Once completed, the proposed project will generate approximately 16 megawatts of gross electric capacity. ADVERTISEMENT
The proposed project involves making upgrades to the combustion system of a current non-operating 16 megawatt biomass energy facility and incorporating state-of-the-art combustion control equipment, supplemented with a highly advanced emissions control system. The result will enable the plant to resume operations in 2007 and generate a significant amount of clean, green energy for export to the power grid.
Representatives of Laidlaw Energy and EcoPower will be in New Hampshire on Wednesday to meet with the Governor and certain members of the Executive Council, as well as senior environmental and economic development staff, in an effort to elicit their support in moving forward expeditiously with this highly beneficial project.
Aside from the creation of a significant amount of renewable energy, the project will create over 25 new jobs, provide secondary economic benefits through its significant use of trucking, forest products and other local resources, and also provide significant environmental benefits associated with its very low emissions.
About Laidlaw Energy Group - Cleaner Energy for a Greener Future.
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.
Contact: Laidlaw Energy Group, Inc. Michael B. Bartoszek, 212-480-9884 Email: info@LaidlawEnergy.com |
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| Saturday, October 14, 2006, 2:18:28pm |
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Far East Energy Corporation Achieves Continuous Gas Flow From a Second Horizontal Well; China Operations on Track Monday October 9, 6:00 am ET Company Will Host Conference Call to Discuss Operational Developments HOUSTON, Oct. 9 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC - News) announced today that it has successfully achieved continuous gas flow in its third horizontal well, the FCC HZ03, in the Shouyang Block of its Shanxi Province Project in China. The Company said additional production data will be needed to project a peak gas production rate. FCC HZ03 is the second well in Shouyang Block to provide continuous gas flow. Similar initial gas flow was announced for the FCC HZ01 well in May 2006. ADVERTISEMENT "The ongoing well data from this first set of wells in the Shouyang Block is beyond our expectations," said Michael McElwrath, CEO and President of Far East Energy. "We have seen the high gas content that we anticipated, but the permeability appears to be much higher than expected." McElwrath added, "As CBM experts know, high permeability is a desirable quality for long-term gas production. Although it requires a longer period of dewatering, high permeability in conjunction with high gas content and sufficient pressure generally results in higher gas production rates sustainable over a longer period of time. Based upon our preliminary data, we believe that wells drilled in this high permeability/high gas area should yield strong results." Conference Call Details Michael R. McElwrath, CEO, will host a conference call Tuesday, October 17, 2006 at 11:00 am ET / 10:00 am CT. On this call the Company will further discuss these operational updates. To access the conference call, investors should dial (877) 704-5391 in the United States or (913) 312-1301 for international callers. The passcode for both U.S. and international callers is 5492679. FCC HZ04 Far East Energy began drilling its fourth horizontal well, FCC HZ04 in the Shouyang Block of its Shanxi Province project in early September 2006. The Company has determined that FCC HZ04 should be drilled to approximately 800 meters in the coal seam, based on experience with the first three horizontal wells. Far East Energy believes that the high permeability (20 to 100 millidarcies) and gas content (450 to 600 standard cubic feet per ton of coal) indicated in the No. 15 coal seam should make significant gas production possible with shorter horizontal laterals. FCC HZ04 is being drilled adjacent to the FCC HZ01 and FCC HZ03 wells in order to speed up dewatering of earlier wells. Far East Energy anticipates this fourth horizontal well may produce gas flow commensurate with the preliminary indications of high gas content and permeability measured in the Company's early wells. Qinnan Block Far East Energy has acquired 20 to 25 kilometers of 2D seismic data in the Qinnan Block of the Shanxi Province project. The data is being processed and the Company expects to drill a slim hole with the objective of identifying the optimum location in the Qinnan Block for a future horizontal well in the No. 3 coal seam, which appears to be thicker than other coal seams in the Qinnan Block and has been the target of significant drilling activity to the south by other operators. Yunnan Project The Company is finalizing the well plan to contract for the drilling of its first horizontal well in the Yunnan project, which it expects to begin later this year. As previously announced, the Company plans to drill this well, the FCY LC-03, to satisfy the exploration requirements of Phase II of the Enhong-Laochang Production Sharing Contract. That phase requires the drilling of a horizontal well with at least two radials in the well. This well will target the Nos. 7 and 8 coal seams, which in the Yunnan project acreage are thicker than other prospective coal seams. China Acreage Overview The Shouyang and Qinnan Blocks are part of the 4,280 square kilometer (1,057,650 acres) coalbed methane (CBM) project in Shanxi Province that Far East holds under farmouts from ConocoPhillips. Including its 1,073 square kilometer project in Yunnan Province, the coalbed methane concessions of Far East Energy contain a land mass slightly larger than the State of Delaware. About Far East Energy Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane in China through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM). Far East Energy will file a proxy statement in connection with its 2006 annual meeting of stockholders. Far East Energy stockholders are strongly advised to read the proxy statement and the accompanying WHITE proxy card when they become available, as they will contain important information. Stockholders will be able to obtain this proxy statement, any amendments or supplements to the proxy statement and other documents filed by Far East Energy with the Securities and Exchange Commission for free at the Internet website maintained by the Securities and Exchange Commission at http://www.sec.gov. Copies of the proxy statement and any amendments and supplements to the proxy statement will also be available for free at Far East Energy's Internet website at http://www.fareastenergy.com or by writing to the Secretary of Far East Energy, 400 N. Sam Houston Parkway East, Suite 205, Houston, Texas 77060. In addition, copies of the proxy materials may be requested by contacting our proxy solicitor, Innisfree M&A Incorporated toll-free at 1-888-750-5834. Detailed information regarding the names, affiliations and interests of individuals who may be deemed participants in the solicitation of proxies of Far East Energy's stockholders is available on Schedule 14A to be filed with the Securities and Exchange Commission on October 10, 2006. |
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| Saturday, October 14, 2006, 2:19:55pm |
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Composite Technology's EU Energy Enters Into Patent License With GE Monday October 9, 8:05 am ET IRVINE, Calif., Oct. 9 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce that its subsidiary, EU Energy Inc., (EU Energy), has licensed certain patents from GE Energy's wind business (GE Energy). While EU Energy's range of wind turbines employ their own technology and designs, the license from GE Energy will permit EU Energy to continue to sell its traditional model DeWind D6 and D8 wind turbines incorporating the use of conventional power conversion electronics in markets where the GE patents are applicable. The DeWind D6 is available in 50Hz and 60Hz worldwide and the DeWind D8 available in 50Hz worldwide. ADVERTISEMENT Both companies will independently carry on with their respective businesses of designing, manufacturing and selling wind energy turbines, and contributing to the development of the wind energy sector. EU Energy's DeWind D8.2 and D8.1 wind turbines use a unique hydrodynamic torque converter that allows a synchronous generator to connect directly to the grid without the use of power electronics. This license is not applicable to these particular models. Victor Abate, vice president of renewable energy for GE Energy stated: "GE Energy's wind business is actively engaged in licensing its key patents for wind turbine control technologies to help suppliers and customers meet the rapidly growing need for clean, efficient renewable wind energy." Michael Porter, President of CTC and EU Energy stated: "The signing of this license with GE is important to fulfill terms of an Irrevocable Letter of Commitment to purchase 400 megawatts of DeWind D6 turbines for delivery in the US commencing no later than the first quarter of 2008. Developing the renewable wind energy sector is vital to any developed economy and we are pleased to be able to offer our traditional range of D6 and D8 turbines using certain of GE Energy's power electronics patent portfolio." About GE Energy: GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges. With wind turbine design, manufacturing and assembly facilities in Germany, Spain and the United States, GE Energy is among the leading providers of wind energy products and support services ranging from commercial wind turbines and grid integration products to project development assistance and operation and maintenance. The company's knowledge base includes the development and/or installation of more than 8,500 wind turbines with a total rated output of 7,600 megawatts. For more information, contact: Dennis Murphy Ken Darling or Howard Masto GE Energy Masto Public Relations +1 678 844 6948 +1 518 786 6488 dennis.murphy@ge.com kenneth.darling@ge.com howard.masto@ge.com About CTC: Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries: * EU Energy Inc., and EU Energy Ltd., produce, sell, and license the DeWind series of wind energy turbines including the 50Hz D6 rated at 1.25 megawatts (MW) and the 50Hz D8 rated at 2MW, both noted for their reliability. In 2007, the new 2MW D8.2 is planned to be delivered to North American customers from assembly operations in Lubeck, Germany. The D8.2 utilizes the advanced WinDriveŽ hydrodynamic torque converter developed by Voith AG with a synchronous AC generator that is able to connect directly to the grid without the use of power conversion electronics. The DeWind 8.2 will be available in both a 60Hz and 50Hz version. * CTC Cable Corporation produces composite rod for use in its proprietary ACCC aluminum conductor composite core. ACCC conductors virtually eliminate the sag in power lines caused by high current and high line temperatures. ACCC conductors also reduce electricity line losses, and have demonstrated significant savings in capital and operating expenses when substituted for other conductors. ACCC conductors enable grid operators to eliminate blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures. ACCC conductors are an innovative solution for reconductoring power lines, constructing new lines and crossing large spans. ACCC composite rod is delivered to qualified conductor manufacturers worldwide for local ACCC conductor production and resale into local markets. For further information visit our websites: http://www.compositetechcorp.com & http://www.eunrg.comFor Investor Relations Contact: James Carswell, +1-949-428-8500 |
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| Saturday, October 14, 2006, 2:21:35pm |
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Largo Vista Group Appoints Denise Deng Chief Financial Officer Wednesday October 11, 6:00 am ET
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Largo Vista Group, Ltd. (OTCBB:LGOV - News) announced today that Albert Figueroa resigned as registrant's Chief Financial Officer. At the same time, Denise Deng was appointed as registrant's Chief Financial Officer. ADVERTISEMENT
Ms. Deng, registrant's new Chief Financial Officer, has over nine years of diverse financial management experience. During these nine years, she has held a variety of financial planning, analysis and accounting positions. Ms. Deng majored in accounting and obtained the qualification of accounting profession from Henan Finance Institute in China. She graduated from Normal University of Center of China with a Major in Enterprises Management. Ms. Deng has been involved with Largo Vista Group, Ltd. since 1999 and started working as Financial Manager of Kunming Xinmao Petrochemical Industry Co., Ltd. and created the accounting system. Currently, Ms. Deng is the General Manager of Zunyi Jiahong Gas Company, Ltd. (for Largo Vista Group) and has created a new management system for the business. The company is satisfied with her work and believes that Ms. Deng will be a good Chief Financial Officer.
Registrant and Ms. Deng have entered into an Employment Agreement dated as of October 7, 2006 pursuant to which Ms. Deng will serve as registrant's Chief Financial Officer for an initial term of one year, subject to automatic renewal from year to year thereafter unless either party gives notice of termination at least ninety days prior to the automatic renewal date, at a base salary of $18,000 per year.
The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and or services and other risks detailed from time to time in their Company's reports with the Securities Exchange Commission.
Contact: Largo Vista Group, Ltd. Investor Relations, 949-252-2180 |
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| Saturday, October 14, 2006, 2:28:43pm |
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Hybrid Technologies, Inc. 'OTCBB:HYBT' and GOOGLE 'NASDAQ:GOOG' Show the Power of Lithium to Zeitgeist Guests Colin Powell, Al Gore and the Nation's Top Business Leaders Wednesday October 11, 7:30 am ET Sergey Brin and Larry Page Bring World Leaders Together at the Conference Hybrid Invited To Highlight Lithium NYC Taxi At Prestigious Google Zeitgeist Conference NEW YORK, NEW YORK and PALO ALTO, CALIFORNIA--(MARKET WIRE)--Oct 11, 2006 -- Hybrid Technologies, Inc. (OTC BB:HYBT.OB - News), http://www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium powered products worldwide, are proud to announce that Hybrid's latest lithium vehicles were selected by search engine powerhouse Google for presentation at the prestigious Zeitgeist Partner Forum. For an enhanced press release, please click here: http://www.hybridtechnologies.com/media.php?mediaID=061011ADVERTISEMENT Google co-founders Larry Page, president of Products, and Sergey Brin, president of Technology, bring together world leaders with innovative companies in an annual partner forum designed to challenge and solve world issues. This year's invitation-only conference featured CEO's from most major U.S. media corporations, as well as presentations from leaders in media, technology, entertainment, science, and philanthropy. Sergey Brin and Larry Page, known for their environmental and innovative corporate management style, took Hybrid's lithium Smart Car and New York City's newest star, the all-lithium taxi, for a spin around the sprawling Google campus located in Mountain View, California. The forum's featured speakers included former Vice President of the United States Al Gore, former Secretary of State Colin Powell, and Jordanian Queen Noor. About Google Inc.: http://www.google.com/intl/en/about.htmlAbout Hybrid Technologies: http://www.hybridtechnologies.comHybrid Technologies, Inc. (OTC BB:HYBT.OB - News) is an emerging leader in the development and marketing of lithium-powered products worldwide. Superior technology, coupled with aggressive marketing, positions Hybrid Technologies to lead the world into pollution-free, zero emissions living without consumers having to give up the comforts and performance to which they are accustomed. This press release may include 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. These statements are based on the Company's current expectations as to future events. However, 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. Contact: Contacts: Media Contact: Hybrid Technologies, Inc. 1-888-HYBTECH (1-888-492-8324) Email: pr@hybridtechnologies.com Hybrid Technologies, Inc. Investor Relations: 1-888-669-1808 (702) 926-9508 (FAX) Email: info@hybridtechnologies.com Website: http://www.hybridtechnologies.com |
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| Saturday, October 14, 2006, 2:29:42pm |
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Mariner Energy Makes Debt Exchange Offer Tuesday October 10, 6:24 pm ET Mariner Energy Offers to Trade 7.5 Percent Senior Notes for New Debt
HOUSTON (AP) -- Oil and gas producer Mariner Energy Inc. on Tuesday said it has begun an exchange offer for its outstanding 7.5 percent senior notes due 2013. Holders of the notes, which were issued privately in an aggregate principal amount of $300 million, may exchange them for a like principal amount of new issue of 7.5 percent senior notes due 2013.
Terms are essentially the same. However, transfer restrictions, registration rights and special interest provisions on the original notes will no longer apply.
The offer expires Nov. 9.
Shares of Mariner Energy fell 2 cents in aftermarket trading to $19.58 after rising 59 cents to end at $19.60 on the New York Stock Exchange. |
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| Saturday, October 14, 2006, 2:31:07pm |
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WorldWater & Power Achieves Record Revenue for Quarter and Gives Guidance for Fourth Quarter Tuesday October 10, 12:39 pm ET PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits. ADVERTISEMENT "We are very pleased to announce that, as expected, we will post our best quarter in the company's history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry." About WorldWater & Power Corp: WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at http://www.worldwater.com. |
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| Saturday, October 14, 2006, 2:31:48pm |
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Powder River Continues Aggressive Acquisition Strategy, Increases Texas Holdings Wednesday October 11, 7:00 am ET CALGARY, ALBERTA--(MARKET WIRE)--Oct 11, 2006 -- Powder River Basin Gas Corp. (OTC BB  RVB.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has purchased another property in south Texas, East McFadden Field. ADVERTISEMENT This property is located in Victoria County and is over 4,600 acres. Currently, East McFadden Field has three wells that are producing a total of 40 BOPD and 350 mcf natural gas per day. There are also an additional 52 shut-in wells on this project. Powder River intends to re-work all of these wells and install Electronic Submersible Pumps, or ESP units, which are capable of moving an average of 3000 barrels of fluid per well per day. The average oil cut is five percent. This equates to 50 BOPD per 1000 barrels of fluid moved. The service work and ESP units are being supplied by Weatherford International, who has participated in The Company's research and due diligence on the project. The property's total proved developed reserves are valued at 2.45 million barrels of oil and 2.5 BCF gas, which equates to $170 million undiscounted or $83.2 million PV 10% net income to the Powder River interest. These numbers, which were obtained from an independent engineering report are based on current oil and gas prices. Powder River Basin Gas Corp. plans to begin the additional | | | |