www.standoutstocks.com: Stocks That Stand Out For Nov. 25th, 2009 Are KATX, ERHE, IMDS, BRYN, AENY
BRYN | Quote | Chart | News | PowerRating -- www.Standoutstocks.com: Stocks That Standout For Nov. 25th, 2009 are Kat Exploration Inc. (OTC-Pink Sheets: KATX), ERHC Energy Inc. (OTCBB: ERHE | Quote | Chart | News | PowerRating), Imaging Diagnostic Systems, Inc., (OTCBB: IMDS | Quote | Chart | News | PowerRating), Bryn Resources Inc (PINKSHEETS: BRYN), Americas Energy Company (OTCBB: AENY | Quote | Chart | News | PowerRating)
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Kat Exploration Announces Latest Result on Its "Rusty Ridge"
MOUNT PEARL, Newfoundland, Nov 25, 2009 -- Kat Exploration Inc. (OTC-Pink Sheets: KATX) www.katexploration.com Kat Exploration is pleased to announce the results of its latest work program on its 100% wholly owned Iron Oxide, Copper, Gold(IOCG) "Rusty Ridge" property. Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body(can be viewed on Kat's website)that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
The latest work program carried out on the far northern portion of the property has revealed new gold discoveries as high as 2 g/t and elevated Light Rare Earth Elements (LREE). This latest discovery is of most interest to the company as it is approximately 1kms from the magnetic anomalies in an under explored area.
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat's website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples. As well other rare earth elements Yttrium(Y), Niobium(NB), Zirconium(ZR) along with Uranium, were all detected in both soil and rock samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper.
The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
ERHC Energy Inc. Pursues Investments in Nigeria Oil and Gas Industry
Signs Memorandums of Understanding Related to Interests in Eremor Marginal Field and Stake in Oil Well Testing Company
HOUSTON, TX, Nov 24, 2009 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that negotiations are underway on potential investments that would expand the Company's presence in Nigeria's oil and gas industry.
ERHC has signed a non-binding Memorandum of Understanding (MOU) with Circle Ltd. and Excel Exploration and Production Ltd. to negotiate investment in and acquisition of working interests in the Eremor Marginal Field (OML 46). The Eremor Field, which is located in shallow water off-shore Nigeria, was discovered in 1978. The discovery well, Eremor-1, encountered three oil and gas zones, the most prominent of which is the D-03 reservoir with 43 feet of net oil sand. It was re-entered for testing in 2005 with the D-03 reservoir testing 2,200 barrels per day of oil with API gravity of 220, a low gas to oil ratio and no water. Excel was awarded a 100 percent interest and operatorship of Eremor in 2003.
ERHC, through its locally incorporated subsidiary, ERHC Energy Nigeria Ltd., has also entered into a non-binding MOU with WellTest Integrated Services Ltd. to negotiate the acquisition of a controlling equity interest in WellTest. The company provides well testing, production engineering and procurement services to Nigeria's oil and gas industry.
To coordinate the Company's business development in the Nigerian and West African oil and gas industry, ERHC has opened its Nigeria liaison office at Oguda Close, Maitama, Abuja. The Company's wholly owned subsidiary ERHC Energy Nigeria Ltd. operates the liaison office.
"With considerable progress being made in the ongoing exploration campaign of our oil and gas interests in the Nigeria Sao Tome and Principe Joint Development Zone (JDZ), this is the right time to accelerate business development activities elsewhere," said Peter Ntephe, chief operating officer of ERHC. "These opportunities will begin the process of diversifying our portfolio of assets and accelerate the timeline for producing revenues. We are also investigating other exploration and production opportunities and will report progress to stockholders at the earliest appropriate time." The MOUs are non-binding and the completion of the transaction is subject to, among other things, negotiation of a definitive agreement, satisfactory due diligence and adequate financing. The parties expect to enter into a definitive agreement and complete the transactions, subject to satisfaction of closing conditions and the receipt of all necessary regulatory and other approvals, including board approvals.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ and realizing the value of these interests remains the Company's primary focus. A comprehensive drilling campaign is currently underway in JDZ Blocks 2, 3 and 4. The Company has additional interests in the Exclusive Economic Zone (EEZ) of Democratic Republic of Sao Tome & Principe.
About ERHC Energy ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
Cautionary Statement This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of Sao Tome and Principe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC at the following Web site: www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235.
Imaging Diagnostic Systems Announces Sale of Second CTLM(R) System in Malaysia
In Addition, Receives Purchase Order for Indonesia
FORT LAUDERDALE, Fla., Nov 25, 2009 -- Imaging Diagnostic Systems, Inc., (OTCBB:IMDS) a pioneer in laser optical breast imaging systems, announced today that it has received a deposit for its second CTLM(R) system for Malaysia and a purchase order for a system to be installed in Indonesia. The systems will be delivered in January 2010; installation and training will commence immediately upon delivery.
The orders were placed through Jainsons PTY LTD., a distribution company based in Perth, Australia that serves as IDSI's distributor for the CTLM system in Australia and Southeast Asia. Established in 1996 to distribute medical equipment in Southeast Asia, Jainsons represents U.S.-based medical companies that have developed innovative medical products and laser technologies.
"With a second CTLM system in Malaysia and one in Indonesia, we will be able to bring laser breast imaging technology to the women in Southeast Asia, especially for younger women or those with dense breast tissue," stated Dr. Mukesh Jain, Jainsons' Chairman and CEO.
Dr. Jain, who has been personally involved in the distribution of medical products for over twenty years, has developed a strong network and established key relationships with principals of medical companies throughout his career, as well as with agents throughout the region.
About Imaging Diagnostic Systems, Inc.
Imaging Diagnostic Systems, Inc. has developed a revolutionary new imaging device to aid in the detection and management of breast cancer. The CTLM(R) system is a breast imaging system that utilizes patented continuous wave laser technology and computer algorithms to create 3-D images of the breast. The procedure is non-invasive, painless, and does not expose the patient to ionizing radiation or painful breast compression. CT Laser Mammography (CTLM(R)) is designed to be used in conjunction with mammography. It reveals information about blood distribution in the breast and may visualize the process of angiogenesis, which usually accompanies tumor growth.
The Company is currently undergoing the clinical studies required for the Premarket approval application. The FDA has determined that the Company's clinical study is a non-significant risk (NSR) investigational device study under 812.3(m) of the investigational device exemptions (IDE) regulation (21 CFR 812). The CTLM system is limited by United States Federal Law to investigational use only in the United States.
For more information, visit our website: www.imds.com As contemplated by the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future, anticipated, or projected plans, performances and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates or predictions of future results or events and there can be no assurance that actual results or events will not materially differ from expectations. Further information on potential factors that could affect Imaging Diagnostic Systems, Inc., is included in the Company's filings with the Securities and Exchange Commission. We expressly disclaim any intent or obligation to update any forward-looking statements.
Bryn Resources Inc Finalizes the form of a Letter of Intent with holder of Mineralized claims in Quebec
TORONTO, Nov 25, 2009 -- Bryn Resources Inc (PINKSHEETS: BRYN | Quote | Chart | News | PowerRating) (PINKSHEETS: BRYN.PK) is pleased to announce that it has finalized the form of a Letter of Intent with Dominic Gingras the owner of 22 mining titles known as The Montauban 4 property, which cover 528.02 hectares North of Quebec City, Quebec.
The Letter of Intent will be signed today and will outline the terms pursuant to which Bryn Resources will acquire a 60% interest in the aforementioned mining titles.
It is the intention of Bryn Resources to carry out further exploratory investigations to complete the evaluation of the reserves in the property which investigation was started in 2003 by Mirabel Resources.
The initial investigations undertaken have revealed measured and indicated resources including 398,033 tonnes at a grade of 3.02 g/t Au and 27.72 g/t Ag for a total of 38,832 ounces of gold and 356,886 ounces of silver. Bryn Resources intends to complete further bulk sampling of the property so as to confirm the resources estimated. Bryn Resources views this future acquisition as a forward looking business venture that will increase the shareholder value of its stock. Bryn Resources continues to seek other proven mineralized properties and expects to expand its holdings through future acquisitions.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Americas Energy Company - Tennessee Signs Agreement to Purchase Evan's Coal Company, Inc.
KNOXVILLE, TN, Nov 24, 2009 -- Americas Energy Company (OTCBB: AENY), a publicly traded company currently based out of British Columbia, and Americas Energy Company, Inc. "AECo," based out of Knoxville, Tennessee, announced today that AECo has entered into an agreement to purchase the assets of 38-year-old Evans Coal Company, Inc. (Evan's), based in Flat Lick, Kentucky. AECo is in the process of being acquired by AENY. AECo began initial mine production on Evan's Upland Church Surface Mine in October of this year and has been negotiating to acquire the balance of their assets. The acquisition includes leased mineral rights to an estimated 25,000 +/- acres of property located in Bell, Harlan, Knox and Breathitt County, Kentucky, 60+ pieces of heavy equipment, and three generations of community service.
"The purchase of Evan's Coal Company will be a major milestone for our company. We are not only acquiring a major specialty coal reserve in Southeastern Kentucky, but more than 40 years of goodwill in the Flat Lick, Pineville, Kentucky area. Mr. John Gargis, our Executive Vice President, is overseeing the production from the Upland Church mine as well as the acquisition of Evans Coal Company," said Chris Headrick, President and Co-CEO of Americas Energy Company. Mr. Headrick added, "We plan to maintain that strong community presence and develop the assets the Evan's family assembled over the last 15 years. Evan's has an enormous high-grade specialty coal reserve that includes Kentucky Blue Gem, Jellico and the Harlan coal seams. We are also acquiring two additional Mining Permits that will allow us to immediately begin expanding our specialty coal production. Mr. Gargis plans to begin operations on the Hwy 92 permit in the first weeks of December in the Upper and Lower Rooster coal seams producing an estimated 15,000-20,000 short tons of coal per month. We also plan initiate an aggressive drilling plan to further identify our reserve base of high-grade specialty coal across the property. " About Americas Energy Company We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the failure to complete the business combination between AECo - Tennessee and AENY - British Columbia, the future market price of AENY common stock and the ability to obtain the necessary financing.
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