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Monogram Energy, Inc. (PINKSHEETS: MGRN | Quote | Chart | News | PowerRating) closed at $0.08 Monday, trading 153,370 shares.
Company News- June 24, 2008: Monogram Energy Inc. -- Shareholder Update
Earlier today the following was announced: Monogram Energy, Inc. (PINKSHEETS: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, wishes to congratulate its shareholders for the confidence they have shown in a small, but growing company. Monogram has just received payment on its first sale of oil from the T.W. Martin lease in Navarro County, Texas. The oil produced is sold to Plains Marketing, LP, a national concern specializing in the transportation, storage and marketing of crude oil, with its home office located in Houston, Texas. Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "It's very rewarding to finally reap some benefits from our efforts. We really do thank our shareholders for hanging in there with us." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling it to return the most value to its shareholders.
About Monogram Energy, Inc.:
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University School of Law, and has been in the field of oil & gas law in excess of thirty years.
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Heartland Oil & Gas Corp. (OTCBB: HTOG | Quote | Chart | News | PowerRating) closed at $0.0025 Monday, trading 80,063,828 shares.
Company News- June 24, 2008: Heartland Oil & Gas Corp. Receives Updated Speculative Buy from Beacon Equity Research
Earlier today the following was announced:
Heartland Oil & Gas Corp. (OTCBB: HTOG | Quote | Chart | News | PowerRating) receives reiterated Speculative Buy from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m. Anyone interested in receiving alerts regarding Heartland Oil & Gas Corp. research should e-mail members@beaconequity.com with HTOG in the subject line. In the report, the analyst writes, With the completion of drilling operations over a two-year period, HTOG could boost production and gas sales to $36 million annually. Assuming a 30 percent EBIT margin, and a 10-year time horizon, this project could generate a Net Present Value in a $15 million range we continue to think HTOG has attractive energy assets and significant growth potential. Accordingly, we are reiterating our Speculative Buy rating for Heartland Oil and Gas Corp. Other companies in the oil and natural gas industry include Abraxas Petroleum Corp. (AMEX: ABP), Petrosearch Energy Corp. (OTCBB: PTSG), Carrizo Oil & Gas Inc. (Nasdaq: CRZO) and Brigham Exploration Co. (Nasdaq: BEXP).
About Heartland Oil and Gas Corp.
Heartland Oil and Gas Corp. (OTC BB: HTOG | Quote | Chart | News | PowerRating) is an oil and gas exploration and production company and a subsidiary of Universal Property Development and Acquisition Corporation (OTC BB: UPDA). On September 27, 2004 Heartland completed the acquisition of the Forest City Basin and Bourbon Arch assets from Evergreen Resources, Inc. for a purchase price of $22 million. The Forest City Basin assets consisted of all of Evergreen Resources, Inc.s interest in all its oil and gas leases covering an aggregate of approximately 766,000 acres located in the State of Kansas, together with 60 well bores and all surface equipment, gathering and surface facilities and all geological, engineering, land and accounting data and records pertaining to these leases and assets.
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GSE Systems, Inc. (AMEX:GVP) closed at $8.01 Monday, trading 40,239 shares.
Company News- June 24, 2008: GSE Receives Letter of Intent and Authorization To Initiate Work On Two Full Scope Nuclear Simulators in Japan
GSE Systems, Inc. (GSE) (AMEX:GVP), a leading global provider of real-time simulation and training solutions to the energy, process, manufacturing and government sectors announced earlier today a letter of intent (LOI) from a Japanese customer for GSE to build two new full scope nuclear simulators and also received authorization to immediately commence work on both. Both simulators will be designed and delivered to existing nuclear power plants in Japan one Pressurized Water Reactor (PWR) design and one Boiling Water Reactor (BWR) design. These new state of the art simulators will replace outdated simulation at both sites. Once final design details are completed GSE and its Japanese customer will transition from the LOI into formal contracts, at which time the remaining contract values will be placed into GSEs backlog. GSE will recognize the associated revenues over an approximate 4 year period using the percentage of completion method common for the Companys large, multi-year contracts. John V. Moran, GSEs Chief Executive Officer commented, The LOI and authorization to start work on the two full scope nuclear plant simulators in Japan is a major achievement and positions us well in the Japanese nuclear market, a market that GSE has a strong historical presence in. Government officials and third party publications have indicated that Japan will build approximately 14 new nuclear power plants over the next twenty years. We are now simultaneously working on five new full scope nuclear simulators (two plant specific simulators for the Westinghouse AP1000 design, one pre-construction simulator for the Chinese CRP 1000+ design, and now two plant specific full scope PWR and BWR simulators in Japan). Based largely on our global customers projections for new reactor construction and their power generation start up targets, we anticipate a continuation of new order flow in this business sector. These large multi-year awards will begin to have a meaningful contribution to our growth metrics as we progress into 2009 and beyond, which should mark the beginning of a multiyear growth phase in our once near dormant nuclear new build sector. This new build work will complement the steady flow of domestic and global business in our nuclear upgrade and modification market, our non-nuclear simulation market and our emerging training and education center initiatives.
About GSE Systems, Inc.
GSE Systems, Inc. provides training simulators and educational solutions. The Company has over three decades of experience, over 343 installations, and 100 customers in more than 40 countries. Our software, hardware and integrated training solutions leverage proven technologies to deliver real-world business advantages to the energy, process, manufacturing and government sectors worldwide. GSE Systems is headquartered in Baltimore, Maryland. Our global locations include offices in St. Marys, Georgia; Atlanta, Georgia; Sweden; and China. Information about GSE Systems is available via the Internet at http://www.gses.com.
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Copper King Mining Corporation (Pink Sheets:CPRK) closed at $0.065 Monday, trading 2,981,283 shares.
Company News- June 24, 2008: Copper King Mining Corporation Provides Project Updates
Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining, processing, and exploration company located in Southern Utah, earlier today provided the following updates concerning its mining and processing operations near Milford Utah. Copper King today announced that its prime electrical power line contractor for the Flotation Mill project, Probst Electric of Heber Utah, has delivered all the power poles and conductor wiring for the Mills power line. Construction will commence the first week of July and is projected to be completed within 5 weeks. Bruno Engineering of Price Utah provided the design and the power line engineering for the Mills substation and other adjacent buildings. Toshiba Corporation supplied the design and engineering for the high tech, cutting edge computerized Mill control system that will control the Mills operations circuit. Completion is projected for late summer 2008.
About Copper King Mining Corporation
Copper King Mining Corporation (CPRK) is a publicly held Utah Corporation that merged with Western Utah Copper Company in 2007. The company engages in mining activities that include exploration, development, extraction and processing of mineral reserves in and around the Milford Mineral Belt, Beaver County, Utah. WUCC owns or controls approximately 100,000 acres of real estate and/or mineral rights throughout the Milford region.
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