Blog - Page 3624 of 5561

MondayAug 02, 2010 8:39 am

Equal Energy Ltd. (EQU) Adjusts 2010 Oil and Gas Capital Budget

Equal Energy Ltd. (EQU) reported that the company was altering its 2010 oil and gas development capital budget to increase the development of several of its core areas in North America. Equal Energy Ltd. is increasing the budget for the development of the Cardium play in Alberta, Canada, and for the Circus Viola oil formation in Oklahoma. The company has already started drilling two horizontal wells at the Alberta project, and plans two more during August 2010. Equal Energy Ltd will support this increased development by deferring drilling on the Hunton project, a liquids rich prospect located in Oklahoma. The…

MondayAug 02, 2010 8:38 am

Kansas City Life Insurance Company (KCLI) Reports Higher Profit in Second Quarter Of 2010

Kansas City Life Insurance Company (KCLI) reported an increase in net income on a year over basis led by strong insurance sales and improving returns in its investment portfolio. Kansas City Life Insurance Company reported net income of $10.1 million or $0.88 per diluted share for the second quarter of 2010, compared to net income of $8.0 million or $0.70 per diluted share in the corresponding quarter last year. Kansas City Life Insurance Company reported sales of $105.9 million for the second quarter of 2010, compared to sales of $101.4 million in the second quarter of 2009. The company reported…

MondayAug 02, 2010 8:36 am

Aquentium (AQNM.OB) Inc. Announces Distributorship Opportunities in France

Aquentium, Inc. announced yesterday that they are now offering distributorship opportunities for France. This is for the Company's complete line of ozone (non-chemical) food processing, sanitation, and water treatment equipment. The design of the Aquentium ozone non-chemical sanitation equipment is for both cost savings and improved safety standards for food and beverage processors, hotels, restaurants, hospitals, and schools. Ozone generates from Oxygen and is non-toxic. The use of ozone in the food industry has approval from the USDA and FDA, and has approval for organic certification. Ozone eliminates or reduces pathogens. It does so by destroying the cell wall. Pathogens…

MondayAug 02, 2010 8:35 am

China Armco Metals, Inc. (AMEX:CNAM) Begins Sending Shipments of Metal from Its Recycling Facility

China Armco Metals, Inc. (AMEX:CNAM), a distributor of imported metal ore and a metal recycler with a new state-of-the-art scrap metal recycling facility in China, recently announced that the company’s wholly owned subsidiary, Armet Renewable Resourced Co., Ltd., began shipments of metal from its recycling facility in June 2010. Totaling approximately 10,000 metric tons, the second quarter shipments are the first quantity of end products produced and sold out of the new facility. Although production delays were experienced in the second quarter due to power generation issues, the company’s management team expects production at the facility to ramp significantly in…

FridayJul 30, 2010 3:45 pm

Earthstone Energy, Inc. (BSIC.OB) Reports Completion of New Bakken Well

Earthstone Energy, Inc., www.earthstoneenergy.com – the growth and profitability-focused independent oil and gas firm (formerly Basic Earth Science Systems, Inc., originally formed 41 years ago as a geophysical service company) with substantial operations in the Rocky Mountain Region and Texas/Gulf Coast, reported yesterday that XTO Energy Inc. (acquired by Exxon Mobil Corporation in 2010) finished BSIC’s new well and placed it in production. This newest well, the Mondak Federal #11X-14H (Section 14, T148N-R105W), is targeting the Bakken Formation in BSIC’s Williston Basin operations and is reported by XTO to have an initial output production rate of 489 BPD, 251 MCF…

FridayJul 30, 2010 3:43 pm

Novo Energies Corp. (NVNC.OB) Acquires License to Breakthrough Tire and Plastics Gasification Technology

Novo Energies Corp., www.novoenergies.com – the alternative energy company executing a strategy focused on developing recycling centers (plastics/tires) which utilize advanced methods to yield energy and other commodities, announced entry today into a Technology Collaboration Agreement with ASME-certified welding and vessel fabricator Precision Pipe and Vessel, LLC. The Agreement will also allow for the subsequent acquisition of a worldwide exclusive license to Precision’s proprietary gasification technology. Able to convert plastic and tire waste into energy, synthetic gases and other viable commodities like recovered steel, the novel, Precision-developed gasification technology will be employed to augment Precision's Colorado pilot plant while NVNC…

FridayJul 30, 2010 3:30 pm

Pioneer Bankshares, Inc. (PNBI) Posts Positive Q2 Earnings

Pioneer Bankshares Inc. today posted its financial results for the period ended June 30, 2010, reporting increases across the board despite overall burdensome economic conditions. Company management acknowledged the potential threat to its operational results and said it continually monitors economic risks to identify and thwart specific trends that could negatively affect operations. The parent company of Pioneer Bank reported net earnings of $784,000 for the period ended June 30, 2010, up 8.59 percent as compared to the $722,000 reported in the same period of 2009. Total earnings per share as of June 30, 2010 were $0.76 compared to $0.71…

FridayJul 30, 2010 3:27 pm

LPath, Inc. (LPTN.OB) Receives $3 Million Grant from the National Eye Institute BRDG-SPAN Program

Lpath, Inc. announced today that it was awarded a $3 million dollar grant by the National Eye Institute’s BRDG-SPAN Program. This is the maximum amount of the program which is designed to accelerate the transition from the development to commercialization of innovative technologies that improve human health, advance the mission of NIH, and create significant economic stimulus. The funds will be used to support Phase II clinical development of Lpath’s iSONEP™ for the treatment of exudative (or wet) age related macular degeneration (AMD) and possibly other ocular disorders. AMD is a medical condition that usually affects older adults which results…

FridayJul 30, 2010 11:44 am

Bank of Napa (BNNP.OB) Reports Solid Q2 Results; Achieves First Profitable Quarter

Bank of Napa today posted its first profitable quarter in its operating history, reporting net income for the second quarter of 2010 at $57,000, up from a net loss of $136,000 for the second quarter of 2009. Total deposits were $72.8 million, up from $17.8 million reported for the second quarter of 2009. Loan totals for the second quarter were $67.2 million, up from $12.98 million for the comparable quarter of 2009. "We are pleased to attain profitability in these challenging economic times, and will continue to focus on producing consistent and conservative balance sheet growth," Bank of Napa president…

FridayJul 30, 2010 11:34 am

GeoPetro Resources Company (GPR) Updates Status of Alaska Project

GeoPetro Resources Company (GPR) issued a status report on the Alaska Cook Inlet Project, the company’s oil and gas development project located in Alaska. GeoPetro Resources Company has exercised its contractual right to convey to Linc Energy, the company’s partner in the Alaska Cook Inlet Project, a 100% interest in 122,000 acres of leases at the project. GeoPetro Resources Company will receive $1 million cash upon closing, followed by 75% of the proceeds of the sale of oil and gas from the leases, up to a maximum of $4 million. After the payout to GeoPetro Resources Company reaches $5 million…

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