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NXPN- Northern Explorations
News out after the bell on this.
Closed up 13% at .26 Northern Explorations Signs MOU to Acquire West Texas Natural Gas Interests On Friday May 29, 2009, 4:15 pm EDT Related:Northern Explorations Ltd. SCOTTSDALE, AZ--(MARKET WIRE)--May 29, 2009 -- Northern Explorations Ltd. (OTC BB:NXPN.OB - News) ("Northern," "Norex" or the "Company") is pleased to announce it has entered into an agreement with Swiss-based resource management corporation Dominus Energy AG whereby Norex intends to secure a percentage interest of Dominus' working interest in a large, gas production play located in West Texas. Related Quotes Symbol Price Change NXPN.OB 0.26 +0.03 The Texas Gas Project currently consists of 22 existing production gas wells located adjacent to the town of Ozona in Crockett County, Texas. The project encompasses 12,900 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex President, Mark Schaftlein comments, "We are very pleased to enter into this agreement. This addition to our portfolio is extremely positive and an excellent fit that will rapidly enhance our corporate goals towards becoming an innovative producer of clean energy solutions for America. We anticipate that we should be able to announce a formal purchase and sale agreement shortly. Further announcements will be made as quickly as they become available." The Company is a reporting issuer which provides public disclosure under the Securities Exchange Act of 1934. Complete details of our agreements will be filed as required by law and made available to the public under the auspices of the Securities and Exchange Commission (SEC). |
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Northern Explorations Reports on Receipt of Independent Research Report
SCOTTSDALE, AZ -- Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") today is pleased to announce that the Company has been advised that TRI-STATE Capital (TSC) has published a research report on NXPN. This report comes following the news that the Company will acquire a 50% working interest in two additional California gas projects that may represent an in-situ value greater than $50 million. To view the entire independent research report, please click on the attached URL: Company C.E.O. Mark Schaftlein states, "We are pleased to have an independent research firm review our overall operations and progress of the Company and to provide the resulting research report. In addition, we are continuing to review potential wind energy acquisition opportunities in Texas and Wyoming of which these acquisitions would be structured to generate an additional near-term revenue stream for our Company." |
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Northern Explorations Details Interest in Ozona Project, West Texas Natural Gas Play
On Monday June 1, 2009, 9:00 am EDT Buzz up! Print Related:Northern Explorations Ltd. SCOTTSDALE, AZ--(MARKET WIRE)--Jun 1, 2009 -- Northern Explorations Ltd. (OTC BB:NXPN.OB - News) ("Northern," "Norex" or the "Company") is pleased to announce further details of the agreement on the "Ozona Gas Project," to be executed with Swiss-based resource management corporation Dominus Energy AG. Related Quotes Symbol Price Change NXPN.OB 0.26 0.00 {"s" : "nxpn.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} Norex is negotiating a 63% Working Interest in the project located near Ozona in Crockett County, Texas. Under the terms of the underlying agreement with the vendors, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project. The project encompasses 9,000 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex and partners will further detail the program following completion of the requisite documentation which will involve the drilling, completion and tie-in of 20 natural gas wells. Norex CFO David Naylor comments, "We are very pleased to negotiate such a considerable Net Revenue Interest in this outstanding gas play and will be moving forward quickly to becoming cash flow positive by rapid acceleration of field operations. We believe that Norex can meet the drilling schedule as proposed by the operator of up to 2 wells per month which should provide us the operational cash flow towards fully exploiting the prospect." The Company is a reporting issuer which provides public disclosure under the securities and exchange act of 1934. Complete details of our agreements will be filed as required by law and made available to the public under the auspices of the Securities and Exchange Commission (SEC). ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTC BB:NXPN.OB - News) Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a majority working interests in natural gas assets located in California and Alberta, Canada which have the combined potential to contain 16 BCF gas along with associated plant, pipeline and infrastructure. Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission. |
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SFIO-News Out
Smokefree Innotec in Distribution Pact With SENCO G.C.S.
NASHVILLE, Tenn., Jun 01, 2009 (BUSINESS WIRE) -- Smokefree Innotec, Inc. (Pink Sheets:SFIO) () today announced an addition to the distribution and marketing force assembled to bring Smokefree Innotec's "totally smoke-free cigarette" to its rapidly expanding world wide marketing team. SENCO G.C.S. (Green Clean Solutions), a subsidiary of Double Vision Productions (), is a wholesale and marketing company, based in Jacksonville, NC, which is committed in its efforts to bring new and innovative products to market. The Company and SENCO G.C.S. anticipate the initial targeted markets will include domestic and foreign United States Military Exchange Services installations across the globe, beginning in Europe. Further expansion will include bases located in Asia and the United States. One of the senior executives of SENCO G.C.S., Christopher Hansen, first approached Smokefree Innotec with marketing and development proposals to boost the Company's expansion initiative. SENCO G.C.S. Co-founder, Christopher Hansen said, "I find it amazing how wonderful these products are and what overwhelming potential they have at giving current users of tobacco products a clear alternative that will enrich their lives and those around them. This is one of the main reasons for joining Thomas Schroepfer and his team at Smokefree Innotec." Smokefree Innotec CEO Thomas Schroepfer said, "With the addition of SENCO G.C.S., we are extremely pleased at the prospect of providing our Country's service men and women with a safer and more unique product for their use on and off the field of duty." Smokefree Innotec, Inc. has developed a high-tech cigarette which is completely smoke-free and which also avoids the dangers and ill effects of regular cigarette smoking. The Company believes the product will allow smoking in places that currently prohibit normal cigarette smoking. Smokefree Innotec has established offices and teams in Shanghai and China for R&D and manufacturing and in Antwerp, Belgium for International Marketing and Distribution, with its head office is in Nashville, Tennessee, USA. About Smokefree Innotec, Inc. Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing a hi-tech, smokeless tobacco innovation. Our Patent Pending, odorless cigarette-style electronic device utilizes a liquefied, vaporizable depot of a raw, unmanipulated extract of tobacco. Smokefree Innotec's products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy a smoke-free cigarette anywhere, including places where smoking is prohibited. Further, our products will allow the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette smoking. Please visit our website for more information about the Company and our new product. |
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.31's nice into the close
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Northern Explorations Executes Acquisition of West Texas Natural Gas Play
On Monday June 1, 2009, 5:19 pm EDT Related:Northern Explorations Ltd. SCOTTSDALE, AZ--(MARKET WIRE)--Jun 1, 2009 -- Northern Explorations Ltd. (OTC BB:NXPN.OB - News) ("Northern," "Norex" or the "Company") is pleased to announce that the Company has now completed the execution of a definitive agreement in regards to the "Ozona Gas Project" with Swiss-based resource management corporation Dominus Energy AG. Under the terms of the agreement, Norex has acquired a 63% Working Interest in the project located near Ozona in Crockett County, Texas. The agreement is based on future commitments whereby Norex will pay 100% of the cost of drilling and completion of the gas wells in exchange for their 63% Working Interest. Under the terms of the underlying agreement with the vendors and royalty holders, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project. This news is a welcome announcement given that the commodities markets have responded as world stock markets rallied and investors banked on hopes that the global recession is easing. Norex believes that the prices for natural gas will continue to increase as the economy continues to show signs of recovery. The Ozona project encompasses 9,000 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex and partners will further detail the program following completion of the requisite documentation which will involve the drilling, completion and tie-in of 20 natural gas wells. The Company is a reporting issuer which provides public disclosure under the securities and exchange act of 1934. Complete details of our agreements will be filed publicly where subject to and as required by law under the auspices of the Securities and Exchange Commission (SEC). ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTC BB:NXPN.OB - News) Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a majority working interest in natural gas assets located in California and Alberta, Canada which have the combined potential to contain 16 BCF gas along with associated plant, pipeline and infrastructure. |
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GXPI - Gemini Explorations, Inc. Receives $75,000 Tranche From Previously Announced F | BullDogs | Stock Picks | 0 | 05-13-2009 05:10 AM |