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CALGARY, ALBERTA (MARKET WIRE) Kodiak energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or the "Corporation") reports that a settlement was reached between the Corporation and Brink energy Ltd. ("Brink"), a private Alberta junior oil and gas corporation. A statement of claim was filed by Kodiak against Brink on September 12, 2008 in The Court or Queen's Bench of Alberta, Judicial District of Calgary regarding the uncompleted transaction arising from the binding letter agreement ("Agreement") signed on June 18, 2008. Details to the transaction and statement of claim were previously disclosed.

HOUSTON, TX (MARKET WIRE) Zeus Development corporation announces its organization of the "LNG Information Conference," hosted by the State of Israel, to be held December 9, 2008 in Houston, TX, U.S.A. The State of Israel intends to alert the world energy industry of their growing market and learn from leadership within industry of opportunities for LNG supply. The State of Israel, at this conference, hopes to achieve the following:

Oil prices fell below $54 a barrel today as dismal U.S. economic data and rising crude inventories outweighed the possibility of production cuts by OPEC and Russia.

ANCASTER, ONTARIO (MARKET WIRE) Cleanfield Alternative energy Inc. (TSX VENTURE: AIR) announces, after receiving TSX Venture Exchange ("Exchange") approval, it issued 1,693,480 common shares at $0.59 per share relating to a previously announced private placement with Zhejiang Jingye technology co. Ltd. In conjunction with the private placement, 80,000 common shares were issued to Micari Consulting Inc. as a finder's fee. All common shares issued are subject to a four-month Exchange hold period expiring March 27, 2009.

PARIS (MARKET WIRE) EURO Ressources S.A. (TSX: EUR; Euronext of the Bourse de Paris: EUR) reports that the arbitrator has rendered a decision in the arbitration for EURO and against IAMGOLD Corporation, arising from IAMGOLD's decision to deduct certain "Excess Royalty" amounts from the Rosebel Royalty payments. The decision at this time deals with the almost $1 million deducted by IAMGOLD which must now be paid.

Latin American tour offers Russian the chance to thumb his nose at Washington.

SASKATOON, SASKATCHEWAN (MARKET WIRE) Nuclear energy could contribute 1,000 megawatts of electricity to Saskatchewan's generation mix by 2020, according to a feasibility study released today by Bruce Power.

The steel-maker will shed up to 9,000 nonproduction jobs to stay lean in the downturn.

Abu Dhabi National energy Company, or Taqa, will be acquiring a significant stake in a US-based power plant for AED3.67 billion.

Spanish interior minister Alfredo Rubalcaba has said that he would prefer some other company over Russian oil major Lukoil for buying Sacyr Vallehermoso's 20% stake in Repsol, according to Reuters.