For Monday, November 28th
EFIR, POZN, HGSH, NEGSD, LOGL, EGOC
Our Stocks to Watch tomorrow include EGPI Firecreek Inc. (OTCBB: EFIR), POZEN Inc. (NASDAQ: POZN), China HGS Real Estate Inc. (NASDAQ: HGSH), NX Global Inc. (OTCBB: NEGSD), Legend Oil & Gas Ltd. (OTCBB: LOGL) and Energy 1 Corp. (OTC: EGOC).
EGPI FIRECREEK INCORPORATED (OTCBB: EFIR)
"Up 195.00% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/EFIR.php
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC. EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field.
EFIR News:
November 25 - EGPI Firecreek, Inc. Completes Finance and Plans Now Set for Implementing Two-Well Frac Procedure in Tubb Field, Texas Operations
Plans Underway To Commence Work Program on #18-1Well and Craward #2 Well Bores in December 2011
EGPI Firecreek, Inc. (OTCBB: EFIR) ("EGPI") announced through its wholly owned subsidiary Energy Producers, Inc. (EPI) that, having arranged almost $500K in finance, it has moved forward on plans to commence with work programs in December on its #18-1 well and Craward #2 well bore for its interests-owned J.B. Tubb Leasehold Estate, located in the Amoco Crawar Field, Ward County, Texas (12 miles west of Monahans and 30 miles west of Odessa ). The work programs will stimulate oil and gas production to what operations and management believes will be good commercial levels following the high pressure Frac techniques. Estimates expected range from 20 to 40 BOPD per well increase in production. In preparation for the December work programs Success Oil Co., EPI's operations for Tubb and Co-Partner for the field will commence site preparation to accommodate for the Frac operations.
As previously reported, the Company continues to explore various options for deploying new work programs and further development for its interests owned J.B. Tubb Leasehold Estate and is aggressively pursuing proposed $8.5 million financing in capital expenditures for the Tubb drilling and completion programs for up to seven wells. Drilling programs are initially being pursued in the South 40 acreage of the J.B. Tubb for the Ellenburger formation to 8,400 ft; Wolfcamp formation at 6,200 ft; Waddell formation at 7,700-7,900 ft. depth. Other available drilling formations at the site include good potentials for Tubb at 4,500 ft; Devonian at 6,700 ft, Glorieta at 3,800 ft; and Upper Clearfork at 4,100-4,550 ft. depth.
Dennis Alexander , EGPI's CEO, stated, "We are excited in accomplishing finance arrangements for these scheduled work programs / Frac procedures especially in current economic times. Further these efforts will carry us forward in maintaining our plan for continued growth and building for our future operations."
POZEN INCORPORATED (NASDAQ: POZN)
"Up 44.80% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/POZN.php
POZEN Inc. is a progressive pharmaceutical company that is transforming how the healthcare industry addresses unmet medical needs. By utilizing a unique in-source model and focusing on integrated therapies, POZEN has successfully developed and obtained FDA approval of two self-invented products in two years — something almost no other small pharmaceutical company has done. Funded by these two milestone/royalty streams, POZEN is now creating a portfolio of cost-effective, evidence-based integrated aspirin therapies designed to enable the full power of aspirin by reducing its GI damage.
POZN News:
November 17 - POZEN to Present at the Piper Jaffray 23rd Annual Healthcare Conference
POZEN Inc. (NASDAQ: POZN), a pharmaceutical company committed to transforming medicine that transforms lives, announced that John R. Plachetka, Pharm.D., the Company’s Chairman, President and Chief Executive Officer, will present at the Piper Jaffray 23rd Annual Healthcare Conference on Wednesday, November 30, 2011 at 2:30 p.m. (ET), at The New York Palace Hotel.
Dr. Plachetka’s presentation will be webcast and available for replay on POZEN’s home page at www.pozen.com.
CHINA HGS REAL ESTATE INCORPORATED (NASDAQ: HGSH)
"Up 36.07% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/HGSH.php
China HGS Real Estate Inc., through its wholly owned subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., has specialized since 1995 in real estate development in China 's third-tier and fourth-tier cities. The Company's real estate properties include multi-layer, sub-high-rise, and high-rise apartment buildings. The Company possesses the national Grade-I real estate qualification and was ranked as the No. 1 property developer in Hanzhong, Shaanxi Province in terms of market share in 2007, 2008, 2009, and 2010 successively.
HGSH News:
November 14 - China HGS Signs Additional Residential-Apartment Bulk-Purchase Agreements
China HGS Real Estate Inc. (NASDAQ: HGSH) ("China HGS" or "the Company"), a leading residential and commercial property developer in China 's southern Shaanxi province, today announced that the Company signed two residential-apartment bulk-purchase agreements (the "Agreements") with the Hanzhong Local Tax Bureau and the Hanzhong Social Insurance Center for the Company's "Mingzhu Beiyuan" project (currently under development) on October 18, 2011 .
According to the Agreements, the Hanzhong Local Tax Bureau and the Hanzhong Social Insurance Center will purchase the residential apartments in the "Mingzhu Beiyuan" project at fixed price of RMB 278 per sq. ft. (approximately $43.78 per sq. ft.) for the first floor of each building. The unit price will increase by RMB 2.30 per sq. ft. (approximately $0.36 per sq. ft.) per floor, starting on the second floor of each building. China HGS is required to deliver the residential apartments to the buyers under the Agreements by June 2014 . As of November 10, 2011 , the Hanzhong Local Tax Bureau and the Hanzhong Social Insurance Center had purchased a total of 41 units of residential apartments at a total contract value of RMB 15 million (approximately $2.4 million ). In addition, the Company has registered over 160 intended purchasers under the terms of the Agreements.
Prior to the Agreements with the Hanzhong Local Tax Bureau and the Hanzhong Social Insurance Center, China HGS had signed two bulk purchase agreements for the Mingzhu Beiyuan project this summer, for total a contract value of RMB 180 million (approximately $28.3 million ).
"We are delighted to sign another two large-scale bulk-purchase agreements for our 'Mingzhu Beiyuan' project, which have further secured the future revenue streams for this project since the signing of two bulk purchase agreements this summer. We will strictly comply with the agreed terms to ensure the delivery of this high-quality project to our bulk purchase customers on a timely basis," commented Mr. Xiaojun Zhu , Chairman and Chief Executive Officer of China HGS Real Estate, Inc.
NX GLOBAL INCORPORATED (OTCBB: NEGSD)
"Up 150.00% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/NEGSD.php
NX Global, Inc. engages in renewable energy activities in the United States. It operates in three divisions: Renewable Energy Project Management, Renewable Energy Product Sales, and Green Internet Technologies. The Renewable Energy Project Management division provides project management and marketing services to solar/thermal, bio-fuels, and waste to energy project owners. Its projects include bio-fuel from algae and from pyrolisis of tires, pyrolisis of municipal solid waste to energy, and combination operations of solar/thermal and animal waste pyrolisis. The Renewable Energy Product Sales division markets products produced from the other divisions, such as algae oil for fuel and its biomass for nutraceutical and animal feed to recyclers and other businesses, as well as lighting and water systems for commercial structures. The Green Internet Technologies Service and Training division offers green social networking products and services, and training for new technology development and certification in the virtualization and cloud computing markets. The company was founded in 1995 and is based in Austin, Texas.
NEGSD News:
October 27 - NX Global, Inc. Announces Corporate Action
NX Global, Inc. (OTCBB: NEGSD) announced that a reverse split of its common stock 1:100 will be effective at the market open October 28, 2011 and trade under the symbol NEGSD for twenty business days before reverting to NEGS.
The company also announced that a joint venture previously announced with the United Women's Football League was terminated by the company.
NX Global, Inc. is negotiating for joint ventures and acquisitions with "green" businesses and products. These agreements are expected to be completed in November.
LEGEND OIL & GAS LIMITED (OTCBB: LOGL)
"Up 28.23% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/LOGL.php
Legend Oil and Gas, Ltd. engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties. It holds producing oil leases containing 1,040 acres of oil producing land in Kansas; and 3,840 gross acres of the Bakken and Three Forks formations in North Dakota. The company was formerly known as SIN Holdings, Inc. and changed its name to Legend Oil and Gas, Ltd. in November 2010. Legend Oil and Gas, Ltd. was incorporated in 2000 and is based in Seattle, Washington.
LOGL News:
November 25 - Shares of Legend Oil & Gas and Royale Energy Skyrocket as Companies Look Strong in the Long-Run
The Paragon Report Provides Equity Research on Legend Oil and Gas & Royale Energy
Oil and gas explorers have turned to more profitable business segments in recent quarters. With natural gas prices stagnating this year, explorers have focused on the more lucrative oil and liquids markets to keep profits strong. Natural gas prices could be due for a turnaround in the near future, however, as demand is expected to surge. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Legend Oil and Gas Limited (OTCBB: LOGL) and Royale Energy, Inc. (NASDAQ: ROYL). Access to the full company reports can be found at:
www.paragonreport.com/LOGL
www.paragonreport.com/ROYL
The US Energy Information Administration (EIA) has observed markedly higher levels of volatility in the pricing of WTI crude since early August. This coincides with similar volatility in global stock markets in the wake of the US and European debt crises, and highlights the extent of the correlation that has developed between financial and oil markets. The price of oil ended last week lower than it began, despite a surge of trading that temporarily pushed crude above $100 at midweek for the first time since July.
Gas prices, meanwhile, have remained low for most of 2011. As a result, several high profile oil and gas explorers are increasing production of more lucrative oil and liquids as oil trades at its highest level relative to gas. US oil production will reach 5.92 million barrels a day in 2012, up 4 percent from 2011 and the highest amount since 1998, according to the US Energy Department. Meanwhile Gas output is forecast to grow a mere two percent to 66.87 billion cubic feet a day in 2012, slower than the 6.1 percent increase this year.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Oil & Gas Sector register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters
While in the doldrums at the moment, gas demand is expected to surge higher in the long term. The retirement of coal-fired plants due to toughening environmental standards in the US would increase the share of total electric power generation fueled by natural gas by 6 percentage points, according to Fitch Ratings.
Royale Energy is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains. Shares of the company skyrocketed earlier this week after the company announced that it made two more natural gas discoveries in its core area.
Legend Oil and Gas Ltd. is a managed risk, oil and gas exploration/exploitation, development and production company with activities currently focused on leases in Canada, southeastern Kansas and northern North Dakota. Shares of the company nearly doubled on Wednesday after it responded to two defamatory reports written by a short seller, relating to the management and directors of Legend Oil and Gas Ltd.
ENERGY 1 CORPORATION (OTC: EGOC)
"Up 18.75% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/EGOC.php
Energy 1 Corporation is a U.S.-based Energy Research and Development Corporation, which is developing energy and emission solutions for the post carbon economy for the transportation industry.
EGOC News:
October 25 - Energy 1 Corporation to Acquire Master Lease Owner Operator Services
Energy 1 Corporation (OTC: EGOC) is pleased to announce that it has reached an agreement to acquire the majority of the assets of Master Lease Owner Operator Services (MLOOS) while integrating all current and future business under the E1 brand and management on a going forward basis.
"This is a significant deal and a major step forward for Energy 1 and its continued relationship with Master Lease and their affiliated companies," said Raymond T. Brown, Chairman of E1. "This acquisition adds $4MM to $4.5MM in and annual cash flow to the Company immediately while only representing a small portion of ML's current customer base. We believe it's a business model that can grow substantially and we'll seek to expand this platform for all future E1 customers as we add to the overall fleet portfolio."
As part of the ongoing agreement with Master Lease, the Company will also begin to integrate its technologies as well as other licensed products onto MLOOS customer vehicles. It is the overall intent of E1 to grow a portfolio of over-the-road vehicles that have been retrofit to meet both current and future emission standards while offering the consumer an economic solution versus total vehicle replacement in order to meet EPA & CARB requirements.
ABOUT MASTER LEASE
Headquartered in Henderson, Colorado, Master Lease provides lease financing for over-the-road trucks & trailers. The company's customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as First Choice Transport, Greatwide Logistics, HVH, Landstar, Monfort, National Carriers and Power Source.
ABOUT MASTER LEASE OWNER OPERATOR SERVICES
Master Lease Owner Operator Services (MLOOS) provides professional tractor-trailer operators the opportunity to own their own truck and work as independent business people through managed lease agreements.
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