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FridayOct 29, 2010 8:05 am

Miller Energy Resources (MILL) Reports on Alaska Oil and Gas Operations

Miller Energy Resources reported that the company has participated in a successful hydraulic fracturing operation on a well in Alaska, with the well responding with a large jump in production. Miller Energy Resources said that Cook Inlet Energy, LLC, a subsidiary of the company, has a 30% non-operated interest in the Three Mile Creek Lease located in the Cook Inlet Basin in Alaska. Aurora Gas, LLC, the operator of the lease, conducted a hydraulic fracturing operation on the Three Mile Creek # 2 well. The company targeted eight formation zones consisting of a total of approximately 125 feet of net…

FridayOct 29, 2010 8:04 am

Daybreak Oil and Gas, Inc. (DBRM) Reports Oil Discovery in California

Daybreak Oil and Gas, Inc. reported that the company has made a successful discovery of oil at a well being drilled in California. Daybreak Oil and Gas, Inc. is exploring and developing oil and gas properties at the East Slopes project area located in Kern County, California. The company has been focusing on the Dyer Creek area at East Slopes, and recently drilled the Dyer Creek 67X-11 well. Daybreak Oil and Gas, Inc. reported that the Dyer Creek 67X-11 well was drilled to a depth of approximately 2,300 feet and found ten feet of net oil pay in the Vedder…

FridayOct 29, 2010 8:02 am

Star Gold Corp. (SRGZ.OB) Explores Excalibur, Longstreet Projects in Nevada

Yesterday, Star Gold Corp. informed its shareholders about recent field examinations on its Excalibur and Longstreet projects. The entire management team contributed to these examinations, and after an overview of the geology, mineralization and conditions of the sites, outlined a plan for additional exploration, development and financing. Star Gold Corp., a gold and base metal exploration company, evaluates, develops and acquires gold projects in North America, focusing on the United States, Mexico and Canada. Currently, the company is focusing on the exploration of its Excalibur and Longstreet projects in Nevada. Drilling has been suspended for the rest of the season…

FridayOct 29, 2010 7:59 am

Western Liberty Bancorp (WLBC) Acquires Service1st Bank of Nevada

Western Liberty Bancorp announced yesterday the successful consummation of their acquisition of Service1st Bank of Nevada. As of the close of business yesterday, Western Liberty Bancorp will operate as a new Nevada financial institution bank holding company and will conduct their operations through their wholly owned subsidiary, Service1st. Furthermore, Western Liberty's common shares will be listed on the NASDAQ Global Market, under the ticker symbol WLBC, today. Mr. William E. Martin, CEO of both Western Liberty Bancorp and Service1st, said, "We are excited to consummate this transaction. We are especially pleased that the combined Western Liberty/Service1st platform will showcase one…

ThursdayOct 28, 2010 4:04 pm

NeoGenomics (NGNM) Reports Q3 Results, Positive Outlook

NeoGenomics Inc., a provider of cancer-focused genetic testing services, today posted its third-quarter results for the three months ended September 30, 2010. Revenue for the third quarter was reported at $8.7 million, a 19 percent increase over the $7.3 million reported in the third quarter 2009. The company increased its sales and marketing expenses by 11 percent over the third quarter of last year, spending approximately $190,000 on increases in sales and recruiting staff. General and administrative expenses increased 19 percent. The company attributes the increase primarily as a result of additional information technology personnel, R&D activities, and to approximately…

ThursdayOct 28, 2010 4:02 pm

Norsat International (NSATF.OB) Posts Q3 Results; Anticipates Strong Q4

Norsat International Inc., a leading broadband communications solutions provider, today announced its financial results for the three-month period ended September 30, 2010. The company posted total revenues for the third quarter at $4.5 million, up 12.6 percent from $5.1 million reported in the comparable quarter of 2009. The company said consistency in the sales of its microwave products helped offset a decrease in satellite systems sales for the quarter. Third-quarter gross margin was 47.6 percent compared to 47.8 percent for the same period the year prior. The margin improvement is attributed to higher-end products and new product introductions, which generated…

ThursdayOct 28, 2010 2:55 pm

ACADIA Pharmaceuticals, Inc. (ACAD) is “One to Watch”

ACADIA Pharmaceuticals, Inc. is a biopharmaceutical company focused using innovative technology to fuel drug discovery and clinical development of novel treatments for central nervous system disorders. All four of the product candidates in ACADIA's pipeline originate from discoveries made using the company's proprietary drug discovery platform. The company's portfolio include three product candidates that are currently in clinical development and one product candidate in IND-track development. ACADIA's pipeline addresses diseases that are not well served by currently available therapies and represent large potential commercial opportunities. These product candidates offer innovative therapeutic approaches and may provide significant advantages over current therapies.…

ThursdayOct 28, 2010 2:07 pm

Gammon Gold Inc. (GRS) Advances Venus Project in Mexico

Gammon Gold Inc. announced that the company has discovered three separate drilling prospects at its Venus Project in Chihuahua, Mexico. The company did a geologic mapping of the properties along with geo chemical and rock sampling program at the site. Gammon Gold Inc. reported that the company obtained 703 rock samples at the La Boleta drilling target, and determined that 171 of the samples contained gold. The La Boleta drilling target is approximately 2,100 meters in length. At the Santo Nino drilling target, Gammon Gold Inc. obtained 301 rock samples, of which 151 contained gold. The Santo Nino drilling target…

ThursdayOct 28, 2010 2:03 pm

Pro-Pharmaceuticals, Inc. (PRWP.OB) Ships First Order of Revolutionary Cancer Therapeutic DAVANT® to South American Distributor PROCAPS S.A.

Pro-Pharmaceuticals, www.pro-pharmaceuticals.com – the tip of the spear in the fight against cancer and fibrosis via revolutionary therapeutics based on Galectin receptors, reported that the Company’s leading candidate DAVANAT® shipped its first commercial order ($200k value) to Colombia-based pharmaceutical giant PROCAPS S.A. today. CEO of PRWP, Theodore D. Zucconi, Ph.D., hailed the shipment as a “milestone” for the Company and stressed the efforts taken by PRWP to ensure that external variables related to such “first-time, international shipments of pharmaceutical products” were solidified. PROCAPS received exclusive rights earlier this year to market/sell DAVANAT in Columbia and Latin America, accepting responsibility for…

ThursdayOct 28, 2010 2:01 pm

Greenlight Resources Inc. (PRZCF) Starts Testing of New Scientific Process

Greenlight Resources Inc. announced that the company has begun the testing and evaluation of a new scientific process use to extract lithium from other minerals. Greenlight Resources Inc. said that the Silchlor Cyclic Vacuum Chlorination process would be used to test assayed samples obtained from the company’s Brazil Lake properties in Nova Scotia, Canada. The objectives of the testing program are numerous. Greenlight Resources Inc. will attempt to determine if the Silchlor Cyclic Vacuum Chlorination process can extract lithium at a lower cost than the current solar brine process. The company will also determine the amount of waste products produced…

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