Market slips on bank worries, lackluster jobs data

Stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. Even with the decline, however, the S&P 500 and Dow recorded their sixth straight week of advances. The market has proved resilient despite expectations that stocks were due for a... 

Solar Acquisition Corp. Announces Asset Acquisition, Continues Expansion of Business Focus

Solar Acquisition Corp. is pleased to announce that it has finalized the acquisition of the assets of Clean Power, Inc. Included among the assets are Clean Power’s extensive propriety research, business development plans for building a diversified renewable energy company, and information related to building turnkey energy systems in the solar... 

Denbury Completes Sale of its Interests in Encore Energy Partners LP; CO2 Injections Commence at Hastings Field

Denbury Resources Inc. today announced that on December 31, 2010 it closed the previously announced sale of its ownership interests in Encore Energy Partners LP (NYSE:ENP – News) (“ENP”) to Vanguard Natural Resources, LLC (NYSE:VNR – News) (“Vanguard”). Denbury sold to Vanguard 100% of its interest in ENP’s general partner and... 

SavWatt Moves to OTC Bulletin Board

avWatt USA, Inc.,pioneers in LED lighting and the Green revolution, announced today that the Company’s common shares are now trading on the OTC Bulletin Board Exchange www.otcbb.com. The new symbol is SAVW.OB.  Read More →

Emera Incorporated and Algonquin Power & Utilities Corp. Announce Closing of California Pacific Electric Company Transaction

Emera Incorporated and Algonquin Power & Utilities Corp. announced that effective today they are closing their acquisition of the California-based electricity distribution and related generation assets of NV Energy, Inc.. Total consideration for this transaction is $131,789,563 USD, subject to final adjustments. Emera and APUC own and operate these... 

Africa Oil: Accelerated Warrant Exercise Completed

Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million. The December 23, 2010 expiry date was an accelerated... 

NGAS Resources Announces Definitive Agreement to be Acquired by Magnum Hunter Resources

NGAS Resources, Inc. a leader in horizontal drilling and completion technology in the southern Appalachian Basin, today announced a definitive agreement with Magnum Hunter Resources Corporation (NYSE Amex:MHR), providing for NGAS Resources to be acquired by Magnum Hunter in an all-stock transaction. NGAS Resources is a British Columbia corporation,... 

Lucas Energy Enters Into $6 Million Stock Offering

Lucas Energy, Inc. , an independent oil and gas company, has executed agreements to raise almost $6 million from the sale of approximately 2.5 million units in a registered direct offering at a price of $2.38 per unit, based on the December 23, 2010 closing price. Investors included a select group of institutions and Hall Phoenix Inwood Ltd., an affiliate... 

Magnum Hunter Resources to Acquire Appalachian Basin Focused NGAS Resources for $98 Million

Magnum Hunter Resources Corporation and (AMEX:MHR-PC – News) (“Magnum Hunter”, or the “Company”) announced today that it has entered into a definitive agreement to acquire Appalachian Basin focused NGAS Resources, Inc. (NASDAQ:NGAS – News) for approximately $98 million (USD) in common stock and assumed liabilities.... 

Transeuro Energy Corp.: Private Placement

Mr. David Parry, Director of Transeuro Energy Corp. is pleased to announce that the Company intends to proceed with a non-brokered private placement for gross proceeds of up to $2,000,000. The private placement will consist of unsecured convertible debentures (the “Debentures”), or alternatively will be of units (the “Units”)...