Lighthouse Petroleum, Inc., formerly Well Renewal, Inc., announce that effective October 15, 2008 the Company has undergone a strategic reorganization which has recently included a 1000:1 reverse split. Additionally, the company has changed their name to Lighthouse Petroleum, Inc. in order to better reflect the strategic vision that new management intends to execute upon. This [...]
As America’s top financial officials updated Congress on their proposed $700 billion plan to rescue the stressed financial markets, oil prices stabilized, for now, towards the $100 a barrel mark today after rising rapidly on Monday. Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as [...]
Gaz Métro inc. (”GMi”) announced the filing with Canadian securities regulators of a preliminary short form base shelf prospectus (the “Base Shelf Prospectus”) relating to $400,000,000 aggregate principal amount of Series L First Mortgage Bonds (the “Series L Bonds”) guaranteed by Gaz Métro Limited Partnership (”Gaz Métro”) which may be issued from time to time [...]
MDU Resources Group, Inc. has announced that its indirect wholly owned subsidiary, Fidelity Exploration & Production Company, recently completed its first operated well in the Three Forks/Sanish formation in the Bakken shale area in Mountrail County in North Dakota.
After the fracture stimulation treatment, the Domaskin 11-29H well’s average production over the past five days was [...]
Rex Energy Corporation told the press that the company has named Mark A. Butta as Vice President of Oil and Natural Gas Marketing and Transportation. A 25-year veteran in the oil and natural gas industry, Mr. Butta will oversee Rex Energy’s oil and natural gas marketing and transportation department and will report to William L. [...]
It is reported that Shares of Eclipsys Corp. rose Friday after Standard & Poor’s said it will add the health care software maker’s stock to its S&P SmallCap 600 index. The Atlanta-based company will replace W-H Energy Services Inc. on the index as W-H Energy is being purchased by oilfield services provider Smith International Inc., [...]
Precision Drilling Trust’s released a report that its cash distribution has been approved by the board of trustees of $0.13 per trust unit of Precision. The distribution will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008. Holders of Class B limited partnership [...]
A quite surprising news has been announced today saying that Grey Wolf and Basic Energy Services have terminated the agreement and plan of merger formerly entered into Three major Companies i.e. Basic Energy Services, and Horsepower holdings, Inc on April 20th 2008 pursuant to Section 7.1(b)(iii) of the Merger Agreement.
The termination of the merger agreement [...]
In response to inquiries, Precision Drilling Trust (”Precision”) clarified today for its unitholders that it will immediately re-approach the board of directors of Grey Wolf, Inc. (”Grey Wolf”) with its June 24, 2008 US$10.00 per share proposal if the merger agreement with Basic Energy Services, Inc. (”Basic”) is terminated.
Precision will await the outcome of [...]
Grey Wolf, Inc. announced that Proxy Governance, Inc., a leading independent proxy voting advisory firm, has recommended that Grey Wolf stockholders vote in favor of the proposed merger with Basic Energy Services, Inc. at the upcoming Special Meeting of Stockholders scheduled for July 15, 2008. As previously announced, Egan-Jones also has recommended that Grey Wolf [...]
