Free Trial!
Today’s Best Stocks To Trade! Click Here
Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Magellan Energy Ltd. (Pink Sheets: MGLG - http://finance.yahoo.com/q?s=MGLG.PK ) (Tue, January 8th, 2008, 8:30am ET) Magellan Energy Ltd. an independent oil and gas company, announced today that it has entered into a second participation agreement with TMD Energy Inc. of Tennessee. The agreement is in place for several of the already existing wells on the Robert Anderson Lease located in Morgan County, Tennessee.
Magellan Energy Ltd. will be working with TMD Energy Inc. on the Robert Anderson Lease. This participation agreement includes five existing wells known as R.Anderson#2-permit#5534, R.Anderson#3-permit#6002, R.Anderson#3-permit#6241, R.Anderson#4-permit#6003, and R.Anderson#3-permit#6453. TMD Energy Inc. will continue as the operator of the wells and oversee any necessary work over procedures. Presently, the current wells are producing gas and oil, but will require additional compressors, pump jacks, rods and tubing to finalize the project.
Magellan Energy's President, Mr. Akrivos, said, "The company has made significant progress in 2007 and now will continue to expand its position in Morgan County, Tennessee with yet another project with TMD Energy Inc., the operator of these wells.
This project has been structured with existing, producing wells to further our place in the oil and gas industry and as an additional income for Magellan. We are very pleased to be working with TMD Energy Inc. and once they have finalized all the necessary upgrades and installed the pump jack we will see an increase in production. Until such time, we will continue producing revenue from the gas and oil. Magellan continues additional wells, furthering our revenue status thus ensuring a positive future for Magellan and its shareholders."
About Magellan Energy: Magellan Energy is a publicly traded independent oil and gas company (Other OTC:MGLG.PK - News). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.
Auriga Laboratories, Inc. (OTCBB: ARGA - http://finance.yahoo.com/q?s=ARGA.OB ) (Tue, January 8th, 2008, 8:45am ET) Auriga Laboratories, Inc., a specialty pharmaceutical company, announced today the signing of a co-promotion agreement with MiddleBrook Pharmaceuticals, Inc., pursuant to which Auriga will co-promote Keflex 750 mg capsules (cephalexin capsules, USP), to Primary Care Specialists in the U.S.
Cephalexin, the generic form of Keflex, is the third most prescribed outpatient antibiotic in the U.S., with approximately 25 million prescriptions written annually. Cephalexin is the number-one most prescribed oral cephalosporin antibiotic and is also the number-one recommended oral antibiotic therapy for uncomplicated skin and skin structure infections.
The co-promotion will begin during the 1st Quarter of 2008. "This agreement solidifies Auriga's commitment to enhance our product portfolio. Currently, over 50% of cephalexin prescriptions are written by Primary Care Specialists which makes Keflex 750 mg a highly synergistic addition to Auriga's current primary care promotional efforts," said Philip S. Pesin, CEO of Auriga.
Aurelio Resource Corporation (OTCBB: AULO - http://finance.yahoo.com/q?s=AULO.OB ) (Tue, January 8th, 2008, 6:00am ET) Aurelio Resource Corporation is pleased to announce gold assay results from recent drilling in the MAN Area of the Company's wholly owned Hill Copper-Zinc Project, located in the Turquoise Mining District, Cochise County, Arizona.
The fire assay results reported in Table 1 correspond to previously-released copper, zinc, and silver assay information for drill holes BR07-24 and -26 (see November 8, 2007 news release).
Table 1: Gold Assay Results, Hill Copper-Zinc Project (MAN Area)
Drill Hole From (feet) To (feet) Interval (feet) Gold (grams per metric ton) Copper % Zinc % Silver (grams per metric ton)
BR07-24 435 500 65 4.12 4.08 0.10 15.1 including: 445 490 45 7.05 5.91 0.14 21.7
also: 380 510 130 2.23 2.29 0.39 10.1
BR07-26 425 515 90 0.99 1.12 0.04 4.8 including: 455 500 45 1.76 1.95 0.06 8.3
also: 535 560 25 1.01 3.05 0.02 5.0
Drill hole BR07-25 was assayed for gold between the depths of 235 and 450 feet to determine the gold content of a previously-reported copper/zinc/silver assay interval (175 feet at 1.45% copper, 0.45% zinc and 1.8 parts-per-million (ppm) silver, including 100 ft averaging 2.29% copper, 0.11% zinc and 1.8 ppm silver). Gold assay results were 125 parts-per-billion (ppb) and 160 ppb, respectively, over these intervals. The strongest gold intercept came below this interval, with an average of 188 ppb between 410 feet and 450 feet.
Gold assays for holes BR07-27 and BR07-28 are pending.
The results indicate the presence of significant gold mineralization at the MAN Area.
The Company's geologists believe that there are probably multiple phases of gold deposition at the Hill project. Establishing the distribution and nature of the gold mineralization will be a primary focus of the next drilling program, scheduled for the first quarter of 2008.
Terocelo, Inc. (OTCBB: TCPS - http://finance.yahoo.com/q?s=TCPS.OB ) (Tue, January 8th, 2008, 11:14am ET) Terocelo, Inc. previously announced it had entered into a Memorandum of Understanding for the creation of a strategic alliance based on its Lycon(tm) chip and proprietary True Software Radio(r) (TSR) with a multibillion dollar Asian Technology fund. This transaction has not yet closed, but critical hurdles have been cleared and the Company is to meet with the fund's executives next week in what is believed to be a final step toward consummation of the definitive agreement. The definitive agreement will then be submitted for Board of Director and shareholder approval.
Under the terms of the agreement, the fund will pay thirty million dollars ($30,000,000) and continuing royalties to Terocelo in exchange for certain exclusive license rights to the Company's TSR technology. In addition, the fund will provide twenty million dollars ($20,000,000) to establish and fund an independent corporate entity, in which Terocelo will have an equity interest, to initiate Asian operations to develop applications and promote the sales of products containing the TSR technology. These funds will cover on-going costs for foundry services, design center operations, application staging, as well as marketing and sales efforts.
The ability to access these additional financial and human resources should allow the Company to secure pending product development contracts with industry leading corporations that are interested in incorporating TSR technology into their product lines. Most importantly, it will provide a solid financial base for the extended future of Terocelo.
Prior to the completion of the Definitive Agreement, the Chinese business group is in the process of delivering a series of bridge financing instruments, which it is anticipated will provide sufficient working capital to stabilize the Company's operations and allow its engineering efforts to continue to develop the products for market.
About OTCStockExchange.com
OTCStockExchange.com (OTCS) is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCS is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCS's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCS provides all investors with the latest news, press releases, investment opinions, and research reports for all the companies highlighted on the site. OTCS offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.otcstockexchange.com .
We offer many investor relations programs to public companies. To feature a company on our web site or in our daily Newsletter or Mid-Day Stock Alert, please contact Chris Wheeler at 585-330-8514 , or via email at info@otcstockexchange.com .
OTCS's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. OTCS will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein. OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCS undertakes no obligation to update such statements.
CONTACT: Chris Wheeler, OTCStockExchange.com Tel: +1 585 330 8514 e-mail: info@otcstockexchange.com WWW: http://www.otcstockexchange.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
