Category archives for: Hot Stock Profiles

Alamo Enters Into New Financing Facility for Drilling Programs

Press Release Source: Alamo Energy Corp On Friday April 15, 2011, 9:00 am EDT

LONDON, April 15, 2011 (GLOBE NEWSWIRE) — Alamo Energy Corp. (OTCBB:ALME – News) is pleased to announce that it has signed a new financing agreement to fund the development of Alamo’s Appalachian assets.

Following the recent acquisition of 71 wells on approximately 4,040 acres, we believe the new $2.4 million financing facility will effectively enable Alamo to continue its aggressive drilling & expansion program in the Appalachian basin.

Philip Mann, Chief Financial Officer, commented: “We are pleased with the structure in which we have raised the funding. This method of financing will enable us to strengthen the company through the drilling of new wells and subsequently increase revenue.”

About KYTX Group of Companies.
The KYTX group of companies are wholly owned subsidiaries of Alamo Energy Corp and are located in Knox County, Kentucky in the Appalachian basin. The companies are KYTX Oil & Gas, KYTX Pipeline, and KYTX Drilling Company. Together, they contain 71 wells located on 4,040 acres, a 23-mile strategic pipeline network capable of handling up to 9,000,000 mcf connected into the Delta system and one drilling rig, one service rig and associated well-servicing equipment.

About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME – News) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company’s UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo’s U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com

The Alamo Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7619

Forward-looking Statements:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement 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 reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding “probable,” “possible,” or “recoverable” reserves among others. U.S. Investors are urged to consider closely the disclosure in our Form S-1, File No. 333-169609, available from us at 10497 Town & Country Way, Suite 820, Houston, Texas, 77024, United States of America.

Contact:
Alamo Energy Corp.Investor RelationsAdam Holdsworth+1 212-825-3210ir@alamoenergycorp.com

Alamo Outlines Development Plan for KYTX Group of Companies

Press Release Source: Alamo Energy Corp On Tuesday April 19, 2011, 9:00 am EDT

LONDON, April 19, 2011 (GLOBE NEWSWIRE) — Alamo Energy Corp. (OTCBB:ALME – News) is pleased to announce that following its acquisition of KYTX group of companies Alamo has outlined a strategy to develop the assets.

Alamo has identified that 25 of the 71 existing wells require completion. In order to quickly boost production, Alamo is investigating methods to optimize production rates such as conducting advanced multi-stage fracs and innovative completion techniques whilst utilizing the company’s in-house workover capability with KYTX Drilling and KYTX employees.


We believe many of the existing wells can also be recompleted in different zones to increase production at a low cost. The wells produce from the Devonian Shale and Big Lime formations with current production rates at 300,000 mcf per day per day. We believe that following our improved completion procedures we will add up to 350,000 mcf per day of production.

Alamo believes the land-to-resource ratio enables 20-acre spacing, which will allow for up to 131 additional wells. The extensive pipeline infrastructure in place will be able to accommodate the increased production up to 9,000,000 mcf per day.

Allan Millmaker, Chief Executive Officer, commented: “Inline with Alamo’s strategy of aggressive expansion in the Appalachian basin we have already identified areas where we can increase production. Planning to recomplete the wells is underway and we believe operations on these wells will commence shortly. With our strategic acquisition of infrastructure such as the pipeline and drilling company which we believe will not only create a robust platform for expansion but also reduce the time to production.”

About KYTX Group of Companies.
The KYTX group of companies are wholly owned subsidiaries of Alamo Energy Corp and are located in Knox County, Kentucky in the Appalachian basin. The companies are KYTX Oil & Gas, KYTX Pipeline, and KYTX Drilling Company. Together, they contain 71 wells located on 4,040 acres, a 23-mile strategic pipeline network capable of handling up to 9,000,000 mcf connected into the Delta system and one drilling rig, one service rig and associated well-servicing equipment.

About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME – News) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company’s UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo’s U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com

Forward-looking Statements:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement 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 reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding “probable,” “possible,” or “recoverable” reserves among others. U.S. Investors are urged to consider closely the disclosure in our Form S-1, File No. 333-169609, available from us at 10497 Town & Country Way, Suite 820, Houston, Texas, 77024, United States of America.

Contact:
Alamo Energy Corp.Investor RelationsAdam Holdsworth+1 212-825-3210ir@alamoenergycorp.com

Alamo Energy Corp. Appoints Industry Veteran David Henderson to Its Advisory Board

Press Release Source: Alamo Energy Corp On Thursday April 21, 2011, 9:00 am EDT

LONDON, April 21, 2011 (GLOBE NEWSWIRE) — Alamo Energy Corp. (OTCBB:ALME – News) is pleased to announce the appointment of David Henderson to the company’s Advisory Board.

Alamo’s Advisory Board assists and advises Alamo’s executive management on strategic, financial, legal and technical issues. We believe our Board’s members are experts in oil and gas and corporate governance, and can provide guidance and support in developing the Company’s oil and gas properties.

Mr. Henderson has over 30 years experience in the Oil and Gas industry. Mr. Henderson is currently President of WBH Energy Partners, LLC, a privately held company developing resource plays in Texas. Mr. Henderson previously served as Executive Vice President & Chief Operating Officer for EEX Corporation listed on the NYSE (Now part of Newfield Exploration) from 1997-2002 with notable points being the acquisition and integration of Tesoro domestic assets and discovery of a 200 million barrel Gulf of Mexico Deep water field. Mr. Henderson was also instrumental in developing the “Treasure Island” ultra-deep play in the Gulf of Mexico. Earlier in his career, Mr. Henderson served as Senior Vice President International Pennzoil Corporation from 1991-1997 with notable points being that Mr. Henderson negotiated participation in the four billion barrel ACG Unit field development offshore Azerbaijan.

Currently Mr. Henderson serves on the following Boards:

•Chairman of Dean’s Advisory Board, College of Arts and Sciences, Virginia Tech
•Member, Virginia Tech Foundation Board

Allan Millmaker, CEO of Alamo Energy, said: “We welcome Mr. Henderson to our Advisory Board. His outstanding track record of developing assets will be invaluable to Alamo as the company grows.”

About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME – News) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company’s UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo’s U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com

The Alamo Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7619

Forward-looking Statements:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement 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 reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding “probable,” “possible,” or “recoverable” reserves among others. U.S. Investors are urged to consider closely the disclosure in our Form S-1, File No. 333-169609, available from us at 10497 Town & Country Way, Suite 820, Houston, Texas, 77024, United States of America.

Contact:
Alamo Energy Corp.Investor RelationsAdam Holdsworth+1 212-825-3210ir@alamoenergycorp.com

Don Sebastian Appointed Chief Financial Officer of Alamo Energy Corp.

Press Release Source: Alamo Energy Corp On Wednesday May 4, 2011, 9:00 am EDT

LONDON, May 4, 2011 (GLOBE NEWSWIRE) — Alamo Energy Corp. (OTCBB:ALME – News) is pleased to announce the appointment of Don Sebastian to the role of Chief Financial Officer. Mr. Mann will remain as Alamo’s Secretary and a director.

Mr. Sebastian has over 37 years of experience in the oil and gas industry and brings with him a wealth of finance and operational expertise to Alamo. During that time, Mr. Sebastian has served in multiple senior level positions in the oil and gas industry such as Vice President of Onshore Operations and Business Development with Michael Baker Corporation, a civil engineering and oil and gas service company with worldwide operations and as Senior Vice President responsible for the Gulf Coast Onshore and Offshore Business Unit and as Chief Financial Officer of J. M. Huber Corporation. Mr. Sebastian began his career in 1974 at Texaco, Inc. prior to joining J. M. Huber Corporation in 1979. Mr. Sebastian has a BS Degree in Business Administration from Trinity University.

Allan Millmaker, CEO of Alamo Energy, said: “We welcome Mr. Sebastian to our Executive Management team. Alamo will benefit from Don Sebastian’s wide range of knowledge with not only the financial and accounting expertise traditionally associated with being a Chief Financial Officer, but he also has substantial onshore and offshore operating expertise.”

About Alamo Energy Corp.

Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME – News) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company’s UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo’s U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com

Forward-looking Statements:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement 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 reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding “probable,” “possible,” or “recoverable” reserves among others. U.S. Investors are urged to consider closely the disclosure in our Form S-1, File No. 333-169609, available from us at 10497 Town & Country Way, Suite 820, Houston, Texas, 77024, United States of America.

Contact:
Alamo Energy Corp.Investor RelationsAdam Holdsworth+1 212-825-3210ir@alamoenergycorp.com

StockPreacher tracking a couple stocks

American Apparel Inc. (APP) is back in their sites after the stock surged 17%.  They previously alerted subscribers back in late April on that company.

eOn Communication Corp. (EONC) just jumped up 54% during the days trading and volume is through the roof.

OxiGENE Inc. (OXGN) reported earnings  and have rewarded traders with a 27% gain.

Penny Stock Craze puts out feature on PXTE

Paxton Energy Inc. (PXTE) engages in the acquisition, exploration and development of oil and natural gas properties with proven and probable reserves in Texas, Oklahoma and Louisiana.

PXTE’s latest acquisition of Virgin Oil could be their best yet! That’s because a third-party reserve report calculates Virgin’s net proven reserves at 6.4 million barrels of oil equivalent in addition to net probable reserves at 1.8 million barrels of oil equivalent.

And with oil trending up heading into the summer months, well over $100 per barrel today, it’s possible to see PXTE at $.235 is worth a close look today.

And just before that PXTE announced the 546-acre Vermillion 179 lease, acquired from Meridian Offshore – which, coincidentally or not, is adjacent to one of Exxon’s wells, currently producing 2,500 barrels of oil per day!

 

Eric Dany Makes Next Big Call: FXIT

I’m sure you have noticed the buzz about forex trading (FX). It is a gigantic global market, growing by leaps and bounds. And with the company profiled in this report, Forex International Trading Corp. (FXIT.OB), you can own “a piece of the Forex action.”

“In two years, I believe the company can earn $0.16 to $0.18 per share. When that happens, I fully expect the stock will explode to a reasonable price/earnings ratio of 20 times earnings—reaching $3.20 to $3.60 a share.

That’s five-to-ten-bagger territory!”

 

SYMBOL: OTCBB: FXIT

TARGET APPRECIATION: 268% – 929%

RECOMMENDATION: Strong Speculative Buy

MORE INFORMATION
www.forex-international-trading.com

(more…)

StockPreacher Keeping Eye On 3 Tickers

Choppy morning ahead of the holiday weekend, but traders are still finding plenty of chances to make some cash before the closing bell. Here are just a few of the tickers we’re watching.

Grid Cloud Solutions, Inc. (GRDC) was the Stock Preacher’s pick yesterday and is bouncing another 27% this morning after getting picked up by a couple of other newsletters. This company provides technology to solar farm operators and other ‘green’ utilities. Watch for any tests of the 50 Moving Day Average at $0.09.
http://www.quote.com/us/stocks/quote.action?s=GRDC

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YRC Worldwide, Inc. (YRCW) surged 11% as traders digest what looks like a turnaround in the trucking sector. MACD keeps pumping fresh momentum into this chart and the STO just took another leg up this morning to a heady level of 75. This is a famously crowded trade so look out for twists and turns.
http://www.quote.com/us/stocks/quote.action?s=YRCW

************************
Neptune Technologies and Bioresources, Inc. (NEPT) is up 20% and spiked as much as 29% this morning after a sluggish open. Management just announced another $2.8 million in financing for its drugs-from-seaweed programs. Turnover is extremely elevated — 23 times normal full-day volume before 11 a.m. http://www.quote.com/us/stocks/quote.action?s=NEPT


Online Investors Pick

Cougar Oil and Gas Canada (COUGF) just pulled off a deal that gives it a 50% working interest (WI) on an oil field in Alberta.

  • 35,200 acres of land that’s holding a astounding amount of oil.
  • Conservative estimates put the total at 3.14 billion barrels, of which…

THIS IS BRAND NEW OIL.

Get my just-released report right here, while it’s still free. See for yourself why analysts (myself included) say this $3 blockbuster could see $10, or even higher.

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