Blog - Page 3814 of 5664

WednesdayMay 12, 2010 9:38 am

Ivanhoe Energy Inc. (IVAN) Reports Operational Update on Oil and Gas Properties

Ivanhoe Energy Inc. released an operational update on the various oil and gas properties in its worldwide portfolio, including ongoing projects in Canada, Ecuador, and China. Ivanhoe Energy Inc. is developing the Tamarack Project, an oil sands operation in Alberta, Canada. The company is using steam assisted gravity drainage (SAGD) technology to develop the properties. Ivanhoe Energy Inc. completed its 29 well delineation program during the first quarter, and will file permits in mid 2010 to begin the project. Ivanhoe Energy Inc. spent $17.9 million on the Tamarack Project in the first quarter of 2010. Ivanhoe Energy Inc. is developing…

WednesdayMay 12, 2010 9:36 am

Evolution Petroleum Corp. (EPM) Reports Increase in Revenue Due to Higher Oil and Gas Prices

Evolution Petroleum Corp. reported a net loss of $531,000, or ($0.02) per share, in the third fiscal quarter ending 3/31/2010. The company lost $1.0 million, or ($0.04) per share, in the same quarter of 2009. Evolution Petroleum Corporation reported an 11% increase in revenues on a year over year basis, from $1.16 million in the third fiscal quarter of 2009, to $1.29 million in the quarter just ended. Evolution Petroleum Corporation reported a decline in production on a sequential and year over basis in the third fiscal quarter. The company reported oil and gas production of 319 barrels oil equivalent…

WednesdayMay 12, 2010 9:34 am

Rostock Ventures Corp. (ROSV.OB) Obtains Exploration License to Producing Gold Mine

One company that has started to catch the attention of investors is the Rostock Ventures Corporation. Located in San Diego, California, Rostock is a development stage company that has acquired the mineral rights to multiple gold prospects within North America. Today, Rostock announced it has acquired an exploration license to a past producing gold mine. The property Rostock has acquired a license for is located in Hants County, Nova Scotia Canada in an area generally known as the Central Rawdon Mines. There is historic data which indicates that these mines produced 6,744 ounces of gold from 5,335 tons of crushed…

WednesdayMay 12, 2010 9:32 am

Paradigm Oil and Gas Inc. (PDGO.OB) Contracts Oil Chem Technologies to Formulate Surfactants

Paradigm Oil and Gas Inc. announced yesterday that they contracted Oil Chem Technologies to formulate the surfactants required for use in the chemical portion of Paradigm's Enhanced Oil Recovery (EOR) work program. Paradigm announced the program on April 20th, 2010 and it is now underway on their Chelson property. The Company's corporate mission is to unlock and recover previously discovered oil using industry leading EOR technologies. According to Oil Chem, more than two trillion barrels of oil remains in place worldwide following conventional oil recovery. Oil Chem Technologies is a leader in surfactants and processes for chemical EOR. They perform…

WednesdayMay 12, 2010 9:30 am

ubroadcast, Inc. (UBCI.OB) Announces Completion of Merger with Santeon, Inc.

ubroadcast, Inc., a leader in Internet broadcasting that allows users to produce and distribute LIVE and on-demand television and radio in high quality, recently announced that the company has completed its merger with Santeon, Inc., a privately held, profitable developer of business process management software and solutions. Santeon Inc. is a technology company that enables organizations to optimize performance and maximize revenues through its business process management software products and services. The company’s clients include state and local governments, federal agencies and numerous private sector customers. Santeon reported revenues of approximately $4 million and a net profit of $145,000 for…

WednesdayMay 12, 2010 8:02 am

Simulated Environment Concepts, Inc. (SMEV.PK) Sees Momentum Increase in European Expansion

Simulated Environment Concepts, Inc., makers of the high pressurized dry water massage and wellness equipment - the SpaCapsule, announced this morning that its Netherlands distributor, Spa Lifestyle Group, has strategically placed more of the company's weight loss and relaxation machines in Holland's trendy hotels. "We are very confident in the European Market," stated Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts, Inc. "The Euro seems to be maintaining greater buying power for the American-made products; and we are certainly benefiting from favorable conversion rates." Mr. Roel de Kanter of SPA Lifestyle Group, commented, "We are very happy to…

WednesdayMay 12, 2010 7:50 am

Focusing on Securing Additional Revenue Opportunities, eDoorways Corp. (EDWY.PK) Files Form 15

eDoorways Corporation announced today that it recently filed Form 15 with the SEC, which means that the company is not formally required by the SEC to submit filings. This compliance strategy can be simply changed by making filings and does not constitute a change from their current operational status. Daily trading will continue as usual and eDoorways has absolutely no plans to take a voluntary de-listing or to go private. According to the company, this decision to elect non-reporting status for the time being is due in part to the fact that completing the corporate audit would be considerably expensive…

WednesdayMay 12, 2010 7:35 am

NetSol Technologies, Inc. (NTWK) Reports Strong Q3 FY 2010 Financial Results

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning reported its consolidated financial results for the third quarter ended March 31, 2010. The results included an remarkable increase in sales and a return to profitability. The company highlighted the following results: •Revenues for the fiscal year 2010 third quarter totaled $8.9 million, an increase of $3.9 million, or 77.8%, over the same period a year earlier. •Net income per share totaled $0.02 versus a loss ($0.19) for the same period a year ago. •Net revenues from license fees totaled $3.64 million, an increase of…

TuesdayMay 11, 2010 1:34 pm

Kansas City Life Insurance Company (KCLI) Reports Higher Unrealized Gains in Investment Portfolio

Kansas City Life Insurance Company reported net income of $1.0 million, or $0.08 per share, in the first quarter of 2010. The company lost $4.5 million, or $0.40 per share, in the same quarter last year. Kansas City Life Insurance Company attributed the better year over year performance to large decreases in both realized investment losses, and policyholder benefits and expenses. Kansas City Life Insurance Company also declared its regular quarterly dividend of $0.27 per share to be payable on 5/12/2010 to shareholders of record on 5/6/2010. Using an annual dividend of $1.08 per share, the stock has a yield…

TuesdayMay 11, 2010 1:31 pm

Vantage Drilling Company (VTG) Reports Higher Net Income in First Quarter of 2010

Vantage Drilling Company reported net income of $6.0 million, or $0.03 per diluted share, in the first quarter of 2010. The company earned net income of $2.4 million, or $0.03 per diluted share, in the same quarter of 2009. Although net income for Vantage Drilling Company more than doubled on a year over year basis, earnings per share was flat due to a large increase in the share count from the first quarter of 2009. Vantage Drilling Company also reported much higher revenue in the first quarter of 2010, which totaled $58.3 million. In the first quarter of 2009, revenue…

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