| Headlines
5/13/08 11:10 A.M.
Markets
-Retail sales down by 0.2 percent in April; auto sales down substantially.
GXPI - Gemini Explorations Inc., reported on April 24, 2008, that it has executed the final payment by issuing 1,400,000 restricted common shares in lieu of US$50,000 cash to acquire the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia. Gemini has acquired an 80 percent majority controlling interest in the property for the sum of US$50,000 and the issuance of 3,900,000 restricted shares of GXPI. Gemini has first right of refusal to acquire the remaining 20% interest in the mine within 18 months of the Effective Date. Now that the final payment has been completed, the company is changing the name of this project to La Tapata. Gemini has done this to avoid confusion with other projects in the district that contain "Los Chorros" in their property descriptions.
USSU
- USA Superior Energy Holdings, Inc.,a company that develops and utilizes advanced technologies to increase oil production from underperforming oil wells, is pleased to announce, Wednesday, April 22, 2008 the completion of its probable reserve studies for its Bateman and Benton Fields. Mr. Rowland Carey announced: "Based upon our success in the start up of the Bateman Field, we have just completed our revised 2008 budgets to conform to our increased focus on Bateman and our probable reserve valuation study. Additionally, last week we commenced providing quarterly and monthly results on oil production. As a result, we wanted to provide production and revenue guidance for all of 2008. While our 2008 operating plan is predicated on the necessary capital increases into the company in May 2008, our plan includes all capital and operational expenditures necessary to bring up Bateman production as rapidly as operationally possible, such that the Benton field is prepared in the last half of 2008 for a first quarter of 2009 start up. With our focus on accelerating Bateman during 2008, the range of production in the Bateman field for all 2008 is estimated between 55,000 to 65,000 of net production of barrels of oil after royalties. Utilizing our conservative probable reserve net present value sales price of $85 (current short term prices being realized by the company are higher), net revenues should range between approximately $4.5 and $5.5 million."
SYMBOLS OF INTEREST:
CHECK OUT THIS WEB SITE! Click here
-
Quotes from Alphatrade
GMCR
is a proud sponsor of Artists Registry.com
|
Welcome
