Petrohawk Energy Corporation (NYSE:HK) an innovative direct loan originator that focuses on financing opportunities in the energy industry, announced $30 million in add-on funding for Houston-based GeoSouthern DeWitt Properties LLC, a wholly owned subsidiary of GeoSouthern Energy Corporation, on November 15, 2010.
Proceeds will be used by GeoSouthern to fund continued development drilling efforts in the Eagle Ford Shale alongside its working interest partner, Petrohawk Energy Corporation (NYSE:HK). The overall credit facility, including this $30 million funding and the initial $28.5 million closed on June 29, 2010, may eventually be increased up to a total of $125.0 million upon request by GeoSouthern and subject to lender approval.
Petrohawk Energy Corporation engages in the exploration, development, and production of oil and natural gas properties in the United States. The company holds interests in various properties located in North Louisiana, Arkansas, South Texas, East Texas, and Oklahoma.
IDO Security, Inc. (OTC.BB:IDOI), developer of the innovative MagShoe™ shoe scanning device (NYSE:SSD), recently announced that as a result of a successful field trial the Company has received a Letter of Intent for its first multi-site deployment of the new MagShoe 3G™ Series issued by IDO Security’s local agent, Birmingham, UK-based Scan-X Security Ltd.
“We are very pleased with the way things are developing for the new 3G series. Our efforts in Europe during the last few months have proven that the multiple pilots and trial runs are an effective means of demonstrating the MagShoe to potential large clients and ultimately receiving orders,” stated IDO Security’s International Sales & Marketing Manager, Dani Werber.
About Scan-X Security Ltd.
Scan-X Security is a global provider of threat detection and screening technologies for prisons, transportation, asset protection and corporate applications. Scan-X takes individual products and integrates them to form complete security solutions, providing advanced, high throughput screening systems for people, baggage and freight.
About IDO Security, Inc.
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented shoe scanning device (SSD), MagShoe™. MagShoe™ fills a critical void in today’s detectors by extending screening to the lower body and feet. MagShoe™’s “shoes-on” design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety.
The MagShoe™ is neither as invasive nor harmful to the body as some of the other screening devices currently used in the marketplace. Ideal for security and loss prevention at virtually any facility, MagShoe™ is currently in use at international airports, cruise lines, government agencies and more.
To find out more about IDO Security, visit http://www.idosecurityinc.com.
W&T Offshore Inc. (NYSE:WTI) announced that the Company will be presenting at the Jefferies Global Energy Conference to be held on December 1-2, 2010 in Houston. Tracy Krohn, W&T Offshore's Chairman and Chief Executive Officer, is scheduled to present on Wednesday, December 1, at 4:00 p.m. Central Time.
The presentation will provide an update on the Company's operations and will be broadcast live over the Internet. The webcast link to the audio presentation and accompanying slides can be accessed live and for replay by visiting the investor relations section of the Company's website at www.wtoffshore.com.
W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico.
Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold is please to report that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director. Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. Mr. Pernett will be responsible for all affairs of Orofino Gold in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of Orofino Gold’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
Orofino Gold and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, Orofino Gold’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine. The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of Orofino Gold. His resignation is effective immediately. Orofino Gold wish him well and success in future endeavors.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. Orofino Gold has an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
The Marcus Corporation (NYSE:MCS) announced that it has reached an agreement to purchase approximately 10 acres for a movie theatre as part of a mixed-use center in Green Oaks, Ill., a northern Chicago suburb. The mixed-use project, being developed by Equities Green Oaks, LLC., is located near the Northeast intersection of I-94 and IL Route 176 in the village of Green Oaks, commonly known as the “Lambs Farms” interchange. The mixed-use development will also feature retailers and restaurants and will have easy access from northern Illinois communities of Libertyville, Mundelein, Vernon Hills, Lake Bluff, Waukegan, Lake Forest and others.
The Marcus Corporation operates movie theatres, and hotels and resorts in the United States. As of May 28, 2009, it operated 53 movie theatres with 663 screens in Wisconsin.
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