Oil and Gas

Pacific Energy Development and Blast Energy Services Sign Merger Agreement

Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged in the acquisition and development of energy projects in the U.S. and Pacific Rim countries, and Blast Energy Services, Inc. (“Blast”), a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources... 

Pritchard Capital Partners, LLC Completes Sale of Ownership Interest

Pritchard Capital Partners, LLC , an independent securities firm focused on the energy sector, today announced that it had completed the sale of a minority ownership interest to selected institutional investors. The investment will assist in the growth of Pritchard Capital as it continues to expand its significant presence as a trusted advisor in the... 

Atlas Copco To Acquire Company in Medical Gases Sector

Atlas Copco Ltd has signed an agreement to acquire the Medical Gas Solutions business from Penlon Ltd, headquartered in the United Kingdom. Penlon Medical Gas Solutions is a leading provider of medical gas systems, medical vacuum equipment, and pipeline components for hospitals. Penlon Medical Gas Solutions’ business had revenues in 2010 of around... 

Approved Name Change-Hawthorne Gold Corp. to Become China Minerals Mining Corporation

China Minerals Mining Corporation, The Company is very pleased to announce that effective at the opening April 5, 2011 Hawthorne Gold Corp. will officially be re-named China Minerals Mining Corporation. Shares for the Company will now trade under the TSX-V ticker symbol “CMV”. The Company previously traded under the symbol “HGC”. The... 

NEOS GeoSolutions Announces neoBASIN Program in California

NEOS GeoSolutions Inc. today announced that it has secured underwriting for an integrated geological, geophysical, and geochemical study of California’s Ventura Basin. Known by the trade name neoBASIN™, the solution will be used by NEOS’s E&P clients to highgrade their existing acreage positions and to prioritize their upcoming lease bids... 

Chinese Due Diligence Teams to Test AVEC Engines

AVEC Corporation announced today it has agreed to a confidential due diligence period for two Chinese engine manufacturers to visit its facilities and conduct test on the power and fuel consumption of its engines using non hydrocarbon fuels. The test will be conducted in April 2011. Results will be announced when finished. Samuel Higgins, AVEC Chairman,... 

Guerrero Adds Experience, William H. Petrie Sr. Joins the Advisory Board

Guerrero Exploration Inc. is pleased to announce William H. Petrie joins the Advisory Board. Mr. William H. Petrie Sr. is the current President and CEO of Birch Lake Energy Inc. and the President of Marengo Petroleum Corp. a private oil and gas exploration company from 1979 to present. From 2001 to its sale in 2004, he was president of Montego Exploration... 

CONSOL Energy Proved Gas Reserves Nearly Double, from 1.9 Tcf to 3.7 Tcf; 2010 Drill Bit Finding Cost of $0.41 per Mcfe; +486% of Production Replaced; Total 3P Reserves Increase from 6.5 Tcf to 14.2 Tcf; 2010 Marcellus Shale EURs Average 5.5 Bcf Per Well

CONSOL Energy Inc. the leading diversified fuel producer in the Eastern U.S., has proved gas reserves of 3.7 trillion cubic feet (Tcf) as of December 31, 2010. This is an increase of 1.8 Tcf, or 95%, from the 1.9 Tcf reported at year-end 2009. The proved developed reserves (PDP) increased by 86% and the proved undeveloped reserves (PUD) increased 107%.... 

Edgewater Exploration Ltd Exploration Update on the Enchi Gold Project, Ghana

Mr. George Salamis, President and CEO of Edgewater Exploration Ltd. is pleased to provide an update on the exploration work and results on the Company’s Enchi Gold Project (“Enchi or the Project”) in Ghana. Work crews have returned from the holiday break and exploration activity has resumed. Drilling equipment has been mobilized (News... 

U.S. Energy Corp. Announces Affirmative Decision of the Colorado Mined Land Reclamation Board

U.S. Energy Corp., a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, is pleased to announce that on January 12, 2011, the Colorado Mined Land Reclamation Board (MLRB) upheld the Colorado Division of Reclamation Mining and Safety’s (DRMS) approval of the Company’s...