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...iVoice, (OTCBB: IVOI); PrimeHoldings.Com, Inc. (Pink Sheets: PMGJ); Xechem International, Inc. (OTCBB: XKEM); Gaia Resources Inc. (PINK SHEETS: GIAS)
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Knight Energy Corp. closed at $2.15 Thursday, trading 14,862 shares.
In New York on Thursday, crude oil prices climbed above $66.00 barrel and gasoline pump prices rose to a national average of $2.62 a gallon for unleaded regular, as concerns continue to rise over worsening relations between Iran and the West.
On the New York Mercantile Exchange, light, sweet crude for May delivery went up $1.95 to close at $66.03 a barrel- the highest settlement price since last September.
Gasoline futures jumped to $2.1355, up $.0783 a gallon.
About Knight Energy Corp. (Pink Sheets: KNEC)
Knight Energy Corp. (Knight) was formed on March 2, 2006 for the purpose of operating and developing energy related businesses and assets, including, without limitation, the acquisition, exploration and development of natural gas and crude oil, the acquisition and operation of drilling rigs and/or gathering systems and/or pipelines for natural gas and/or crude oil, and other related businesses. We acquired 75% of our wholly-owned subsidiary, Charles Hill Drilling, Inc.; a Nevada corporation based in Texas, in March 2006 and then purchased the remaining 25% in May 2006. Through Charles Hill Drilling, we own a 100% working interest in a 160-acre oil and gas lease located in Stephens County, Texas, together with a drilling rig that we are using to drill wells for our own account. On this lease, we have drilled and completed the A-8 well, and re-entered, deepened and completed the A-7 well-both to a depth of approximately 4,200 feet. As of January 30, 2007, both of these wells are producing oil with a high ratio of frac water. We also have placed compressors on three previously capped shallow wells, and as of February 1, 2007, we were receiving an aggregate of approximately three barrels of oil and ten mcf of natural gas per day from these three wells. In addition, we have leased an additional 400 acres that run contiguous to our 160-acre lease,...
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