Daily Market Movers Digest Midday Stock Alerts, Monday, July 31st, IPTM, INSN, ODLG, IMGM, CYAD, NYRR.
Publication:
M2 Presswire
Publication Date: 31-JUL-06 |
Format: Online
Delivery: Immediate Online Access |
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Article Excerpt
M2 PRESSWIRE-31 July 2006-OTCPicks.com: Daily Market Movers Digest Midday Stock Alerts, Monday, July 31st, IPTM, INSN, ODLG, IMGM, CYAD, NYRR(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31072006
Today our stock watch alerts today include Featured Profiles for Imperial Petroleum, Inc. (OTCBB:IPTM), and stock alerts for InsynQ, Inc. (OTC: INSN), Order Logistics, Inc., (OTC: ODLG), Imagin Molecular Corporation (OTCBB: IMGM), CyberAds, Inc. (OTCBB: CYAD), New York Regional Rail Corporation (OTC: NYRR)
FEATURED STOCK PROFILE
IMPERIAL PETROLEUM, INC. (OTCBB: IPTM) "Up 6.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IPTM.php
View Company Profile: http://www.otcpicks.com/profiles/iptm/index.php
Imperial Petroleum, Inc. (OTCBB: IPTM) is active in the oil and natural gas business through its ownership of oil and natural gas interests in approximately 200 wells recently acquired from Hillside Oil & Gas LLC, Warrior Resources, Inc. and Powder River Basin Gas Corp. The Company currently operates some 140 wells in New Mexico, Texas, Mississippi and Louisiana with gross daily production of approximately 140 Bopd and 1.2 Mcfpd.
The Company is actively engaged in a program to return a number of the wells formerly owned by Hillside to production that are shut in with rod parts and tubing leaks due to neglect. When complete the Company expects its daily production to be at about 300 Bopd and 2.0 Mcfpd. Third party engineers have estimated the Company's total proved reserves at approximately 1.1 million barrels of oil and 26.1 Bcf of gas. In addition to its operated properties, the Company has a 1/8th carried interest in the development of approximately 7000 acres owned by Powder River Basin Gas Corp in Wyoming's prolific coalbed methane play and an a royalty interest in some 280 wells in numerous states.
IPTM News:
July 31 - Imperial Petroleum Announces Additional Order for Biodiesel
Imperial Petroleum, Inc. (OTCBB:IPTM) announced today that its wholly-owned subsidiary, Hoosier Biodiesel Company has received another purchase order for B100 biodiesel sales in connection with its planned marketing arrangement with Domestic Energy Partners. The purchase order is for 50,000 gallons of B100 biodiesel per month with the first sales beginning September 1, 2006 and FOB the existing DEP production plant. The sales contract is subject to adequate testing by the purchaser to insure that the B100...
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