Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.OB) commented today on a Wall Street Journal Article titled "Oil's Rise Is a Sticky Situation for Recovery". (Dated January 12, 2011 Section C). The article discussed the current environment of rising oil prices and its effect on consumers and the impending economic recovery. With oil prices at nearly $90 per barrel, consumers fear oil prices will return to their 2008 levels, when oil peaked over $145 per barrel. "A 2008 – style shock isn't a certainty, but an upward trend is clear. Goldman Sachs expects oil prices to average $100 a barrel this year….," the article is quoted as saying.
Proper Power has begun production on its Kentucky oil asset, in addition to the 11,000 acres leased for its exploratory prospect in Utah. The Utah prospect has the potential for over 75 wells. The Company believes the Utah property holds very substantial recoverable reserves, indicated through seismic and radiometric analysis.
The state of Utah is ranked 13th in the country in crude oil production and 9th in natural gas gross production (Energy Information Administration; rankings based on 2008 production, not including Federal Offshore production areas). There are approximately 9,100 wells currently in production within the state.
In the United States, tar sands resources are primarily concentrated in Eastern Utah, mostly on public lands. The in-place tar sands oil resources in Utah are estimated at 12 to 19 billion barrels.
Proper Power & Energy is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
For more information about this company please visit http://properpower.com/
Cedar Shopping Centers Inc. (NYSE:CDR) announced that it will release financial results for the three-month and full year period ended December 31, 2010 after the market closes on Wednesday, March 2, 2011. The Company will host a conference call on Thursday, March 3, 2011, at 10:00 AM (NYSE:ET) to discuss the financial results. A live webcast of the conference call will be available online on the Company's website at cedarshoppingcenters.com. The conference call can also be accessed by dialing (888) 516-2446 or (1) (719) 325-2252 for international participants. A replay of the call will be available from 1:00 PM (ET) on March 3, 2011, until midnight (ET) on March 17, 2011.
Cedar Shopping Centers, Inc., real estate investment trust, engages in the ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers in the United States.
Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China.
Gold is highly conductive to electricity, and has been used for electrical wiring in some high-energy applications. In addition, gold is a good reflector of electromagnetic radiation such as infrared and visible light as well as radio waves, it is used for the protective coatings on many artificial satellites, in infrared protective faceplates in thermal protection suits and astronauts’ helmets and in electronic warfare planes like the EA-6B Prowler.
Majestic Gold Corp. previously reported the results of an updated resource estimate on its Song Jiagou Mine. Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories. The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine.
MJS.V continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou.
For more information about this company please visit http://www.majesticgold.net/
Sealy Corporation (NYSE:ZZ) the largest bedding manufacturer in the world, announced that the Company will be attending the Goldman Sachs Consumer Retail/Leveraged Finance Conference 2011 on Tuesday, February 1, 2011 at the Goldman Sachs Conference Center, in New York City, NY. Sealy is the bedding industry's largest global manufacturer with sales of $1.2 billion in fiscal 2010. The Company manufactures and markets a broad range of mattresses and foundations under the Sealy®, Sealy Posturepedic®, Sealy Embody™, Stearns & Foster®, and Bassett® brands. Sealy operates 25 plants in North America, and has the largest market share and highest consumer awareness of any bedding brand on the continent. In the United States, Sealy sells its products to approximately 3,000 customers with more than 7,000 retail outlets.
Sealy Corporation engages in the manufacture and marketing of various bedding products. Its products include mattresses and mattress foundations. The company offers its products under the Sealy, Sealy Posturepedic, Stearns & Foster, and Bassett brand names.
Eastman Kodak Co. (NYSE:EK) reported 2010 results which reflect the success of the focused investments that Kodak is making in new products and growth businesses; digital revenue growth in key emerging markets around the world; intellectual property licensing agreements; improved profit margins; and a lean cost structure. Full-year 2010 sales were $7.187 billion, a 6% decrease from the prior year. Full-year revenue from digital businesses grew by 1%, reflecting an 18% revenue increase in the company’s core growth businesses -- Consumer and Commercial inkjet, Packaging Solutions, and Workflow Software and Services and an increase in non-recurring intellectual property licensing agreements.
Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide.
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