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...Ivanhoe Energy Inc. (Nasdaq SC: IVAN); their "Stocks on the Rise."
Riverbank Investment Corp. (Pink Sheets: RRBK, http://www.marketwatch.com/tools/quotes/quotes.asp?symb=rrbk)
Riverbank Moves Closer to Oil and Gas Production
Riverbank Investment Corp. in conjunction with it's recently announced agreement to acquire an 80% interest in the 640 acres of oil and gas producing assets in Oklahoma near the Texas border, that it is moving steadily closer to getting the Lomis #1 Well back into production.
A key part of the agreement required that $200,000 be paid to Halliburton, Boomer Well Service and others to complete putting the first well back into production.
The $200,000 which will enable the agreement to be completed and the production to begin within 60 days has been placed into escrow for this purpose.
"Now that we are inching closer to the day when this property will be producing a very strong positive cash flow to the company," said John Crasta, CEO of Riverbank. "This is a very exciting time for Riverbank as it steps closer...
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