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Proper Power & Energy, Inc. (OTC BB:PPWE.ob) a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Crown Equity Holdings Inc. (OTCBB:CRWE) is utilizing today’s technology to advertise, promote and market public companies globally. Crown Equity Holdings’ proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. Crown Equity Holdings Inc. publishes financial content to all the major countries and covers all the accredited stock exchanges. The goal is to have all Crown Equity Holdings’ clients’ press releases, articles and news content published in every major financial country’s native language. Crown Equity Holdings Inc. recently released that Crown Equity Holdings Inc. is expanding its business by opening another office in Pakistan.
This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase Crown Equity Holdings’ up to date news and world affairs from the Mid-East, Far East and Europe online news wires. Once facts are included with a Web site, it’s automatically intended for browsing by countless Internet surfers. The internet is an ideal medium of knowledge distribution as it takes away the time lag related to publishing content and also making it open right away to end users. The new office in the city of Attock, as well as the office in Islamabad, will be managed by Zeeshan Shabbir.
Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world. Crown Equity Holdings Inc. reported in June of 2010 its 1- 10 forward stock split, as well as in August 2010 announcing that Crown Equity Holdings Inc. had surpassed One Million dollars (1,000,000) in sales. In addition to Crown Equity Holdings Inc. offering “I/R” service, Crown Equity Holdings Inc. has a dedicated in-house advertising server, allowing for faster response and a wider variety of ad space offerings to those interested in advertising on their numerous internet and affiliate internet properties.
Comstock Resources Inc. (NYSE:CRK) reported financial and operating results for the three months and year ended December 31, 2010. Financial Results for the Three Months and Year Ended December 31, 2010 are as: a net loss of $20.6 million or 45 cents per share for the three months ended December 31, 2010 as compared to a net loss of $6.8 million or 15 cents per share for the three months ended December 31, 2009. Included in the net loss for the fourth quarter of 2010 is a loss of $25.8 million before income taxes ($16.8 million after tax) resulting from the sale of the Company's Mississippi properties in the quarter. Excluding this loss on the divestiture, the net loss for the fourth quarter of 2010 would have been $3.8 million or 8 cents per share.
Comstock Resources, Inc. engages in the acquisition, development, production, and exploration of oil and natural gas properties in the United States. It has onshore operations primarily in the East Texas/North Louisiana and South Texas regions, as well as Mississippi, New Mexico, Kentucky, and the Mid-Continent regions.
Kirby Corporation (NYSE:KEX) announced that Kirby will present at the Stifel Nicolaus Transportation Conference on Wednesday, February 16, 2011 and the BB&T Capital Markets Transportation Services Conference on Thursday, February 17, 2011.
Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services to the marine and power generation markets in the United States. The company operates in two segments, Marine Transportation and Diesel Engine Services.
Peabody Energy Corp. (NYSE:BTU) announced that Erik L. Ludtke has been named President – Sales, Marketing and Trading. He will be responsible for Peabody's global sales, trading, brokerage and marketing activities as the company serves customers in more than 25 countries. Ludtke will have responsibility for all aspects of the company's global revenues including customer relationships, contract management, product optimization and trading activities.
Peabody Energy Corporation, through its subsidiaries, engages in the exploration, mining, and production of coal worldwide. It owns interests in 28 coal operations located in the United States and Australia, as well as owns joint venture interests in a Venezuelan mine.
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