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TuesdaySep 02, 2008 5:16 pm

Pinnacle Energy Corp. (PENC.OB) Secures $1 Million Acquisition of Six Producing Wells in Oklahoma

Independent oil and gas producer Pinnacle Energy Corp. (OTCBB: PENC), formerly Gas Salvage Corp., announced the acquisition of working interests in six wells in Pawnee County, Okla., for $1 million. The news sent shares of Pinnacle Energy soaring nearly 33 percent, to 98 cents. The company’s interest in the wells lies in reports that, as of August 27, 2008, the five oil wells are producing 20 barrels of oil per day and 30 MCF of gas per day. Pinnacle Energy will retain a 25.5-percent net revenue interest in two wells, a 20-percent working interest in three wells, and a 17-percent…

TuesdaySep 02, 2008 5:15 pm

GlaxoSmithKline Returns OBD Worldwide Rights to Adolor Corporation (ADLR)

Adolor Corporation (Nasdaq: ADLR) is a biopharmaceutical company specializing in the discovery, development and commercialization of novel prescription pain management products. The company announced GlaxoSmithKline (GSK) returned to Adolor the worldwide rights related to Entereg for chronic opioid bowel dysfunction (OBD), as well as rights related to Entereg for irritable bowel syndrome (IBS). While GSK will retain the rights to Entereg in regards to postoperative ileus (POI), Adolor will work with GSK to coordinate development and commercialization of Entereg for POI in the United States. OBD is commonly described as constipation, but also includes other gastrointestinal effects such as abdominal…

TuesdaySep 02, 2008 11:08 am

Tri-Star Holdings, Inc. (TSHL.PK) Announces ERHU Begins Prototype Construction

TRI-STAR HOLDINGS, INC. announced the company has purchased a Coachman Catalina Sport Motorhome to begin manufacturing of the Emergency Response Hospital Unit prototype. ERHU, Inc. is slated to complete the prototype development within the next 20 days -- at the peak of the hurricane season. The company, through ERHU, Inc., has purchased its facility in Pompano Beach, Florida and has purchased all the tables, sewing machines, and manufacturing equipment needed to complete the prototype and hone the manufacturing process. ERHU founder and developer Victor Adams is already in the facility and has begun developing the material templates for the mobile…

TuesdaySep 02, 2008 9:55 am

Hybrid Technologies, Inc. (HYBR.OB) Stock Continues to Consolidate

HYBR.OB recently had a powerful run from $2.05 to $6.45 on strong volume and has since then slowly declined to the current level. For the past few weeks, the stock has traded between $2.50 and $3.00 with roughly 30,000 shares traded each day. Only time will tell, however, if the stock will revisit its 52-week high as the company remains focused on leading the revolution for everyday electric-powered transportation. Let us hear your thoughts: Hybrid Technologies, Inc. Message Board

TuesdaySep 02, 2008 9:10 am

General Automotive Co. (GNAU.OB) Defines Terms of Agreement with SenCer, Inc.

General Automotive is an international provider of advanced automotive parts and technologies. Today the company announced the details of a joint venture in which General Auto and SenCer, Inc. have agreed to work together to advance the development of SenCer's next-gen ceramic composite material, UltraTemp™. The project will move forward under the name Advanced Technology Group ("ACT"), and stands to accelerate both SenCer's efforts to commercialize its oxygen sensors and UltraTemp™, as well as General Auto's ongoing quest to develop the most technologically advanced fuel cells that the world has seen to date. It is thought that UltraTemp™ may play…

TuesdaySep 02, 2008 9:08 am

The American Economy: Ready to Recover?

Last Thursday brought smiles to the faces of many, as the American Bureau of Economic Analysis announced an unexpected 3.3 percent increase in the GDP (gross domestic product). While GDP analysis has its limitations when it comes to ascertaining the true overall health of a national economy, bolstered figures are leading to the notion that America may finally be stirring from her economic slumber. Many experts believe that the improved situation has come as a result of this year's economic stimulus packages, although this would not explain why numbers in the failing housing market are beginning to take a turn…

TuesdaySep 02, 2008 8:23 am

Bonanza Oil & Gas Inc. (BGOI.OB) Continues Oil and Gas Drilling Program at Damond Mound Property

The lure of a big payday is usually what gets a new company off the ground. The reality of getting a new company off the ground, however, is that long hours and false starts will be needed to make that payday happen. How long it will take and how much profit will result is the question. Bonanza Oil & Gas Inc., an oil and gas exploration and development company, works to discover and exploit oil and gas deposits primarily in Texas. The company currently holds 22.5% ownership in eight pre-discovery wells. The company is a small operation looking for its…

TuesdaySep 02, 2008 7:35 am

Raser Technologies, Inc. (RZ) Closed Funding on Utah Geothermal Project

Following completion of its initial funding phase, Raser Technologies is set to proceed with the construction of its 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah. Tax equity capital has been provided in exchange for tax benefits provided by the renewable energy project. The plant is designed to power approximately 9,000 homes with zero emissions and will utilize PureCycle® geothermal power systems from UTC Power, a subsidiary of United Technologies Corp. As the hands-on general construction contractor, Raser has guaranteed the completion of the project by October. The life of the plant will be approximately 35 years. However,…

TuesdaySep 02, 2008 7:28 am

Caspian Services Inc. (CSSV.OB) Finding Caspian Sea Shallow Draft Services Vessels Booked, Desalinization Activities in Fast Growing Oil and Gas Region Add to Bottom Line

As most have likely noticed, when it comes to oil and gas the wild west of the US 1880’s has come to central Europe/Asia. Find it, drill it and get it to market is the cry of the day. It doesn’t matter what gets in the way, just get the product to market for sale. Just as in US oil history, there have been stumbling blocks for central European oil companies to overcome, but if a company can offer a service to solve the stumbling block, profit will be waiting on the other side. Caspian Services Inc., an oil and…

TuesdaySep 02, 2008 6:25 am

XsunX Inc. (XSNX.OB) Garners First 100kW Project

XsunX Inc. (XSNX.OB) is a solar technology company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon. The company has focused its efforts on the development of thin film amorphous technologies and products due to inherent advantages of amorphous silicon over other solar absorbers. In June 2008, XsunX announced efforts to develop business relationships directly with utilities working to meet governmental renewable energy mandates. In July 2008, the company responded to requests for proposals from utilities and government agencies in the western US. Currently XsunX has provided proposals to utilities and government…

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