Blog - Page 3624 of 5601

MondaySep 13, 2010 11:42 am

Ecopetrol (EC) Reports Successful Exploratory Well in Colombia

Ecopetrol reported a successful exploration well at its property in Colombia, where the company has been prospecting for natural gas. Ecopetrol said that the Oripaya 1 exploratory well was targeting the Aguardiente formation and was drilled to a depth of approximately 13,300 feet. The company said that the well confirmed the presence of hydrocarbons where the Aguardiente formation is 680 feet thick. Ecopetrol conducted numerous drill stem tests on the well, and reported average production from the Oripaya 1 exploratory well of 6.6 million cubic feet per day of natural gas and 196 barrels per day of water. The company…

MondaySep 13, 2010 10:25 am

Micro Identification Technologies, Inc. (MMTC.OB) Continues Overseas Expansion

Micro Identification Technologies Inc., developer of the MIT 1000 pathogen identification system, the world’s only non-biological automated system for identifying bacteria, continues to make waves far from its California base. Having already been produced for the Japanese Ministry of Food Safety, the revolutionary system is now being distributed in Viet Nam by VIET BA. The company specializes in medical equipment and IT solutions in Vietnam, capitalizing on the established reputation of the Viet Nam healthcare industry. On their website, VIET BA details the unique design and operation of the MIT 1000, and lists the features and benefits that have made…

MondaySep 13, 2010 10:03 am

Evolution Petroleum Corp. (EPM) Releases Operational Update

Evolution Petroleum Corp. released an update on its oil and gas exploration and development activities, including reserve information, for the fiscal year ending June 30, 2010. Evolution Petroleum Corporation reported that the company had proved reserves of 12.4 million barrels oil equivalent (BOE) as of 7/1/2010. The company reported proved reserves of 3.0 million BOE a year earlier. Evolution Petroleum Corporation attributed the increase in proved reserves to the inclusion of reserves at the company’s properties at the Delhi Field. The Delhi Field is an enhanced oil recovery project operated by Denbury Resources (DNR), where carbon dioxide is injected into…

MondaySep 13, 2010 9:44 am

Ocean Power Technologies, Inc. (OPTT) Awarded $4.8 Million by US Department of Energy

Ocean Power Technologies Inc. is a pioneer in wave-energy technology that harnesses ocean waves to generate reliable and clean electricity. The company's proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and covert wave energy into electricity. OPTT has over a decade of experience in this sector of renewable energy. The company announced today that it has won two new funding awards totaling $4.8 million from the US Department of Energy. Ocean Power Technologies plans to use the first award, for $2.4 million, in connection with the construction and deployment of one of its 150 kilowatt PB150 PowerBuoys…

MondaySep 13, 2010 9:38 am

Pro-Pharmaceuticals, Inc. (PRWP.OB) Announces Collaboration with Numoda to Increase DAVANAT’s Speed-to-Market

Pro-Pharmaceuticals, Inc. is engaged in the discovery, development and commercialization of therapeutics that target Galectin receptors for the advanced treatment of cancer. Today, Pro-Pharmaceuticals took a major step with the announcement they have collaborated with Numoda to manage the Phase III clinical trial of DAVANAT®. The combination of Pro-Pharmaceuticals and Numoda appears to be a winning one. DAVANAT is Pro-Pharmaceuticals’ lead product candidate and has excelled with the 100 cancer patients it was tested on. As for Numoda, the company is regarded as the world's most innovative and complete technology solutions provider in the life sciences industry. When asked what…

MondaySep 13, 2010 9:17 am

Hana Biosciences, Inc. (HNAB.OB) Reverse Stock Split Becomes Effective Today

Hana Biosciences, Inc., a biopharmaceutical company that focuses on cancer care, has instated a 1 for 4 reverse split of its common stock. The split was previously authorized by stockholders at a special meeting on September 2nd, 2010. As a result of the reverse split, every four shares of Hana's pre-split common stock was automatically reclassified as and combined into one share of post-split common stock. As a result, the number of outstanding shares of common stock is approximately 21.2 million, excluding outstanding stock options and warrants to purchase common stock, and subject to adjustment for fractional shares. The reverse…

MondaySep 13, 2010 9:12 am

Ruby Creek Resources, Inc. (RBYC.OB) Signs Purchase Agreement for Kapinga Property

Ruby Creek Resources, Inc., an exploration and mining company, now has rights to an additional 340 Sq Km in one of Tanzania’s largest alluvial Goldfields. The Company already has a majority of its holdings in Tanzania. Should Ruby Creek decide to exercise its right, the new property would be acquired at the purchase price of $500,000. The property is located directly adjacent and south of the Ruby Creek Mkuvia Gold Project in southern Tanzania. Payments for the property are set up to be staged, first payment of $250,000 upon purchase and remaining $250,000 will be made when the first mining…

MondaySep 13, 2010 8:59 am

Harrington West Financial Group, Inc. (HWFG.OB) Files for Chapter 11

Harrington West Financial Group, Inc. has decided to file for Chapter 11 bankruptcy protection and liquidate its assets. The case was filed in the United States Bankruptcy Court, Central District of California, Northern Division. A plan for liquidation will be released in a few months. Looking at the history of the stock, this event did not come as a surprise. HWFG has been on a downward slide for the last 3 months. Earlier this summer, an Entry of a Prompt Corrective Action Directive (“PCA Directive”) was announced. The PCA Directive outlines guidelines for reporting to the OTS on the status…

MondaySep 13, 2010 8:22 am

VizStar, Inc. (VIZS.OB) CEO Issues Shareholder Letter Detailing Future Plans

Earlier this morning, VizStar, Inc.'s CEO, Gary Clyburn Jr., issued a letter to the investment community outlining the Company's current positioning, growth strategy and pending developments. The letter is presented below in its entirety. Dear present and many future VizStar shareholders, In the near future, we will be changing our name to Celestial Jets to better reflect our business operations. We are a private jet company that is using state of the art telecommunications technology to provide on-demand private jet service to a large and lucrative market, the upper income individual. This multi-billion dollar market is best represented by the…

MondaySep 13, 2010 8:01 am

CytRx Corporation (CYTR) Video Chart for Monday, September 13, 2010

CYTR is trying to make a move off a support level. The indicators are aligned to support this movement. We will be closely watching the support, resistance and trendlines as described in the video. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

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