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Welwind Energy International Corp. (OTCBB:WWEI) www.Rocket-Stocks.com 6/23/08 Welwind Energy International Corp. announced that it is entering into a land lease agreement in the Peace River Region of British Columbia, Canada. The Peace River Region has been deemed as an exceptional location to develop a wind farm with multiple projects currently being perused.
In a November 6, 2007 news release the company announced that it had sent a representative to survey the land, and data results for build out were favorable. After visiting the site at Tumbler Ridge British Columbia, Canada, it was determined that the site is an excellent location to proceed with a wind farm project.
Initially it was announced that the company would be pursuing approximately 13 quarter sections (approximately 2300 acres) of privately owned farmer's field property. After multiple meetings, the company is now looking at doubling its land position to 4680 acres (28 quarter sections). The company anticipates acquiring additional private land and/or crown land around the existing 4680 acres in the near future. Depending on the size of the turbines installed, the company will be looking at generating a minimum of 100 MW.
This location has an excellent set of roads for accessing the potential site. The site presents virtually no encumbrances to an installation of either a meteorological tower or a wind farm. Road access for turbine installation would also be ideal as the road runs adjacent to the site.
Additional information on the company and its projects can be found on the company website and will be given at the company's investor conference call later today at 1:00 p.m. PDT.
"According to past studies, the Peace Region is known to have the best wind speeds in BC. Today's news allows the company to diversify its portfolio and we are pleased to include Canada in our business model. BC Hydro's wind call has created Canada's next gold rush boom," says Shannon de Delley, Director of Welwind.
ABOUT PEACE REGION AND BC HYDRO
British Columbia (BC) is about to enter a new era of clean energy generation with the largest clean power call ever issued in the province, setting the stage for BC's untapped potential of wind energy to be realized. BC Hydro is asking power producers to submit proposals that collectively will add up to 5,000 gigawatt hours (GWh) of clean or renewable energy per year, enough to power 500,000 homes.
With over 5,000 MW of potential generating capacity in the province, Welwind is in a perfect position to be part of the province's alternative energy gold rush. 1,600 MW of wind energy capacity would represent close to $4 Billion in investment and would create 3,000 jobs throughout the province, placing BC amongst the leaders in wind energy generation in Canada.
The Clean Power Call RFP aligns with the BC Energy Plan: A Vision for Clean Energy Leadership (http://energyplan.gov.bc.ca/), released February 27, 2007, which indicates that at least 90 per cent of all electricity generated in the province must continue to come from clean or renewable sources and to achieve electricity self-sufficiency by 2016.
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Alberta Star Development Corp. (OTCBB: ASXSF | Quote | Chart | News | PowerRating) www.Rocket-Stocks.com 6/23/08 Alberta Star Development Corp. (the "Company") (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) is pleased to announce that the Company has been granted "permission to drill" by the Chief Inspector of Mines of the Northwest Territories for the Company's 2008 drill program at its Eldorado and Contact Lake IOCG & uranium projects. The Company has also received notice from the Chief Inspector of Mines that the Safety Program submitted by the Company in support of the Company's 2008 drill program is in compliance with Section 15.02 of the Mine Health and Safety Act and Regulations and is deemed acceptable. Permission is now granted for work to proceed at the Eldorado & Contact Lake Projects. The Company is now in receipt of all the necessary permits required to undertake its 2008 drill program and implement its long-term mineral exploration and drilling strategy.
ELDORADO & CONTACT LAKE-5 YEAR CLASS "A" DRILLING PERMITS ISSUED-FULLY PERMITTED FOR DRILLING IN 2008
The Company has been granted two amended five-year Sahtu Land & Water Board Class "A" Land Use Permits (Eldorado/Glacier Lake and Contact Lake) for diamond drilling at both the Eldorado & Contact Lake Projects. The Eldorado/Glacier Lake "Class A Land Use Permit" amended (Permit #S05C-012) is valid until April 26, 2013 and the Contact Lake "Class A Land use Permit" amended (Permit #S05C-002) is valid until August 24, 2012. The Company has also submitted a formal application for a third drill permit to the Sahtu Land and Water Board (SLWB) and is awaiting final permit approval. The permit (Permit #S07C-008) application was deemed complete on May 30, 2008. This third "5-Year" drill permit application was submitted in April of 2007 and has requested 15,000 meters of drilling per year, over a five-year period for a total of 75,000 meters which includes the area of the Eldorado South IOCG and uranium Project.
THE ELDORADO & CONTACT LAKE IRON OXIDE COPPER, GOLD, SILVER AND URANIUM PROJECTS
The Eldorado & Contact Lake Permit Areas are located on the east side of Great Bear Lake in Canada's Northwest Territories. The permit areas are situated 470 kilometers north of the city of Yellowknife. The Eldorado & Contact Lake permit areas covers over 113,488 acres. The Eldorado & Contact IOCG + uranium project areas include past producing high grade silver and uranium mines. This includes the Echo Bay Silver Mine which produced 23,779,178 ounces of silver and the Eldorado Uranium Mine which produced 15 million pounds of uranium and 8 million ounces of silver (Normin NTGO: Senes Report 2005). The current June 20, 2008 spot price for uranium provided by the Ux Consulting Company LLC (www.uxc.com) is now $57.00 US per pound.
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Energas Resources, Inc. (OTCBB: EGSR | Quote | Chart | News | PowerRating) www.Rocket-Stocks.com 6/2308 Energas Resources, Inc. announced that the Finley #5 well in Niobrara County, Wyoming has reached a total depth of 6,230 ft. Review of the mud and electric logs indicate the potential of commercial oil production from zones in the Leo formation at approximately 6,000 ft. Based on this information, Energas will immediately complete the well to test for production. Completion is scheduled to take place this week and the results will be announced thereafter.
Energas will own a 51% working interest in this well and owns a 44% working interest in this property, named the Rusty Creek Prospect, which covers approximately 1,760 acres. Further announcements will be forthcoming.
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Triangle Petroleum Corporation (OTCBB: TPLM | Quote | Chart | News | PowerRating) www.Rocket-Stocks.com 6/23/08 Triangle Petroleum Corporation (OTCBB: TPLM | Quote | Chart | News | PowerRating) reported that it has partnered with Zodiac Exploration Corp. ("Zodiac"), a private Calgary-based exploration company, to drill as many as six new delineation wells on its 516,000 gross acre Windsor Block in the Maritimes Basin of Nova Scotia. This drilling program is the second phase of Triangle's three-phase strategy for developing natural gas from shale in Eastern Canada.
Triangle has entered into a joint venture agreement with Zodiac whose founder, President and Chief Executive Officer is W. Murray Rodgers.
Mr. Rodgers is a petroleum geologist with over 28 years of exploration and production experience in both Canada and internationally. With a distinguished career that includes an international multi-TCF gas discovery in Pakistan and co-authorship of the Strategy 2000 study of the Western Canadian Sedimentary Basin, now known as the Edge, Mr. Rodgers brings a wealth of industry experience in the identification and exploitation of high impact conventional and unconventional play types. From mid-2001 to August, 2007, Mr. Rodgers played a key role in the evolution of Trident Exploration Corp., from a start-up to one of Canada's leading coalbed methane operators. In addition, Mr. Rodgers led Trident in establishing an early position in the Montney shale gas play in northeast British Columbia. During this period, Mr. Rodgers fulfilled a series of roles including Vice President Exploration, Executive Vice President, President, and ultimately, President and CEO. Mr. Rodgers is also actively involved in the Quebec Utica shale gas play as a Director of a publicly traded junior exploration and production company.
The joint venture provides for an initial commitment by Zodiac to pay 50% of drilling costs, up to $7.5 million, to earn a 12.5% working interest in the entire Windsor Block. Within thirty days of fulfilling this expenditure commitment, Zodiac has the option to commit another $7.5 million for an additional 12.5% working interest. Based upon Zodiac spending the entire $15 million, Triangle would remain with a 45% working interest and would continue as operator, and Zodiac would have earned a 25% working interest in the Windsor Block.
Mr. Murray Rodgers, CEO of Zodiac, added "We are extremely pleased to participate with Triangle in the Maritimes Basin program. Triangle has done an outstanding job of positioning the company as a leading operator in Eastern Canada and we look forward to a dynamic joint venture partnership. This is a rare opportunity to participate in the exploration and development of a basin scale opportunity with a spectrum of play types that includes a vast shale gas resource."
Nabors rig #4, which has a depth rating of 3,600 meters (12,000 feet), has been contracted by Triangle for the balance of 2008. The first well is expected to spud in late July and is a 3,000 meter (10,000 feet) vertical test that targets the deeper and considerably thicker shale package, in an undrilled fault block north of Triangle's first two vertical test wells. All licensing and regulatory approvals have been received for this drilling location and the lease is now being prepared. Subsequent wells are expected to test the gas content and productivity of the Horton Bluff shales in various locations across the Windsor Block, and also to evaluate potential overlying conventional oil and gas reservoirs. At least one horizontal well is expected to be drilled.
Mr. Mark Gustafson, Chairman and CEO of Triangle, comments "We are excited to have Murray and his Zodiac team as our partner as we move forward in the Maritimes Basin. We now have a partner who can assist us in accelerating the drilling program and who can also contribute significant technical expertise as well."
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Oncolin Therapeutics, Inc., (OTCBB:OCOL) www.Rocket-Stocks.com 6/23/08 Oncolin Therapeutics, Inc., (OTCBB:OCOL) announced that Dr. Daniel Von Hoff has joined the company's Scientific Advisory Board (SAB). Dr. Von Hoff is generally considered to be one of the world's leading experts in oncology drug development and is an advisor in some capacity to a large number of oncology companies.
Dr. Von Hoff was appointed to President Bush's National Cancer Advisory Board in June 2004. Dr. Von Hoff is the past President of the American Association for Cancer Research (the world's largest cancer research organization), a Fellow of the American College of Physicians, and a member and past board member of the American Society of Clinical Oncology. He is a founder of ILEX(TM) Oncology, Inc. (acquired by Genzyme after Ilex had 2 agents, alemtuzumab and clofarabine approved for patients with leukemia). He is founder and the Editor Emeritus of Investigational New Drugs - The Journal of New Anticancer Agents; and, Editor-in-Chief of Molecular Cancer Therapeutics.
Daniel D. Von Hoff, M.D., is currently Physician in Chief, Senior Investigator and Director of Translational Research at the Translational Genomics Research Institute's (TGen) Translational Drug Development Division and Head, Pancreatic Cancer Research Program in Phoenix, Arizona. He is also Chief Scientific Officer for US Oncology and Chief Scientific Officer, Scottsdale Clinical Research Institute. He has done work on the development of many anticancer agents, including paclitaxel, docetaxel, gemcitabine, camptosar and hab-paclitaxel.
"Oncolin Therapeutics is very excited to have someone with Dr Von Hoff's stature and experience as a member of our SAB. His oncology development experience will be a major addition to our advisory board," said Dr. Donald Picker, COO of Oncolin.
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Genta Incorporated (OTCBB: GNTA | Quote | Chart | News | PowerRating) www.Rocket-Stocks.com 6/23/08 Genta Incorporated announced that the Company has received notification from the U.S. Food and Drug Administration (FDA) that Genta may resume clinical trials with tesetaxel, a leading oral taxane in Genta's oncology product portfolio. The notification was made in response to the Company's submission of a complete response to a prior notice from FDA that had placed the drug on "clinical hold".
"We believe tesetaxel may provide an important option for the care of patients with advanced cancer," commented Dr. Loretta M. Itri, Genta's President, Pharmaceutical Development, and Chief Medical Officer. "We are very pleased that FDA found that our initial submission addressed their safety concerns by incorporating careful monitoring and supportive care to reduce risks. We have formulated an innovative development strategy that may enable tesetaxel to become the first oral taxane to receive regulatory approval. We look forward to promptly resuming clinical trials in the second half of this year."
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