Junior energy stock pops on gas flow
Monterey Exploration (TSX: T.MXL) shares climbed 16% to $3.95 on Monday after the oil and gas explorer/producer provided an operational update with respect to certain of its operations in the Groundbirch area of British Columbia.
Well tests drive junior energy company
Shares of Sea Dragon Energy (TSX: V.SDX) jumped more than 30% in early trade to 36.5 cents. The company announced before the market open that it had successfully completed testing at its Al Amir SE #4 well in the Gemsa concession in Egypt. As well, the company has moved its drilling rig, and begun drilling at its Geyad #2 appraisal well.
Junior energy stock pops on gas flow test
Corridor Resources (TSX: T.CDH) shares climbed 19% to $3.10 on Wednesday after the oil and gas producer/explorer reported the initial results of fracturing and flow-testing of the McCully L-38 and P-47 wells located in the northeastern segment of the McCully natural gas field in New Brunswick.
Verenex Energy tumbles after update on Libya discussions
Shares of Calgary-based Verenex Energy (TSX: T.VNX) tumbled 20% to $6.87 Monday, as the company said the Libyan National Oil Corporation has not provided consent to the acquisition of the company by China National Petroleum Corp.
Canacol Energy climbs after update
Shares of Calgary-based Canacol Energy (TSX: V.CNE) climbed more than 30% to 15 cents Monday, after the oil and gas firm provided an update on its exploration and appraisal drilling program to date on the Ombu E&P contract in the Caguan Putumayo Basin in Colombia.
Profound Energy jumps on acquisition news
Shares of Profound Energy (TSX: T.PFX) surged 80% to $1.17 Tuesday, as Paramount Energy Trust (TSX: T.PMT.UN) said it will offer to acquire all of the issued and outstanding common shares of Profound through a take-over bid worth $112.9 million.
Unbridled Energy stock popped
Unbridled Energy (TSX: V.UNE) said it is scheduled to drill a stratigraphic test to basement (7,700 ft) on its NY acreage. The spud date is scheduled for the first week of April utilizing UDI rig 5. Management believes there are several potential gas-bearing formations that might be encountered such as the Utica Shale, Trenton / Black River, Theresa sandstone, and the Potsdam sandstone. Unbridled stock popped 118% to 12 cents.
VeraSun Energy spikes on ethanol sales
VeraSun Energy Corporation (NYSE: VSE), one of the nation's largest ethanol producers, announced financial results for the three months ended June 30, 2008. The Company increased revenues by 499% over the second quarter of 2007, to $1.015 billion, and generated earnings of $.15 per diluted share. EBITDA for Q2 2008 increased to $73 million as compared to $33 million for Q2 2007.
Energy demand drives results for Powersecure
Stockhouse reports PowerSecure International, Inc. NASDAQ:POWR) today reported record revenue for its second fiscal quarter of 2008. Second quarter 2008 revenues were $42.0 million, an increase of 85.7% over the second quarter of 2007 and an all-time high for any quarter in the Company’s history.
For the full company press release dated August 7, 2008 please [...]
