Tombstone Exploration Corporation announced that its first drill hole, TEMC 101, has been completed at a depth of 980′. The down-the-hole survey was completed with readings at 150′ intervals with the Reflex EZ-Shot geophysical instrument, indicating that the drill hole remained very much on the direction and angle that had been set up. Recovery remained [...]
Posted by Memble on July 24th, 2008 In Precious Metal, Press Release
New Asia Gold Corp. is pleased to announce that it has acquired 100% of the shares of an Indonesian gold exploration company as a result of a share exchange agreement. The shares issued related to this transaction are restricted. The gold company has proven and probable reserves of gold. Based on independent assessment reports the [...]
Posted by Memble on July 24th, 2008 In Precious Metal, Press Release
Zenergy Power Inc., developer of commercial products based on high temperature superconductor (HTS) technology, announced the successful installation and implementation of the world’s first commercial full scale HTS induction heater for Weseralu GmbH & Co. KG (Weseralu), an aluminum profile extrusion company, at its manufacturing facility in Minden, Germany.
The HTS induction heater is based on [...]
Posted by Memble on July 24th, 2008 In Alternative Energy, Press Release
EnerJex Resources, Inc has announced to the press that Dierdre “Dede” P. Jones, Director of Finance and Accounting, has been promoted to Chief Financial Officer for the oil and natural gas company. ones has been the Company’s Director of Finance and Accounting since August 2007. From May 2007 through August 2007, she provided independent consulting [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Avalon Oil & Gas, Inc, as it is reported by the media that the company has reported its financial results for the fiscal year ending March 31, 2008. In the Form 10-KSB the Company has filed with the SEC, Avalon demonstrates the continuing success of its business plan with a five-fold increase in revenues over [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Cubic Energy, Inc, is reported to have announced the Company has reached total depth of 11,950 feet on its Estes 7 No. 1. 7 5/8“ casing was set at 10,208 feet and 4 1/2” liner was set at 11,950 feet. The Estes 7 No. 1 is Cubic’s fourth Haynesville Shale well in its northwest Louisiana [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Dune Energy said to the press that the company has commenced drilling the State Lease 214 #912 well at its Garden Island Bay Field, located in Plaquemines Parish, Louisiana. The well, the initial follow up to Dune’s very successful 2007 drilling program, is scheduled to reach total depth of 9,300 feet by mid-August, with production [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Constellation Energy Partners LLC told the press that the company has received a favorable ruling in the arbitration proceeding relating to the net profits interest (NPI) held by Torch Energy Royalty Trust in the majority of the company’s assets in Alabama’s Black Warrior Basin. In issuing its final award, the arbitration panel concluded that a [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Platina Energy Group, Inc is reported to have announced this week’s production estimate at 550 BOE for Kentucky. This includes 180 barrels of existing oil plus estimated field production for natural gas. At present pricing, roughly $75,000 for the week!
President, Blair Merriam, stated “Assuming no growth, with level production, the annualized income, basis the current [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas
Constellation Energy Partners LLC just announced a report saying that a cash distribution for the quarter ended June 30, 2008 of $0.5625 per outstanding common unit and Class A unit, or $2.25 per unit on an annualized basis. The distribution will be payable on August 14, 2008 to unitholders of record at the close of [...]
Posted by Dahlan on July 24th, 2008 In General, Oil and Gas