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InterOil Announces Finalization of Conversion of Debt to Equity

1st quarter 2008: A solid start for The Linde Group in the new financial year

TORONTO, ONTARIO (MARKET WIRE) InterOil Corporation (TSX: IOL)(AMEX: IOC)(POMSoX:IOC), a Canadian company with operations in Papua New Guinea, today announced the closing of the conversion with Pacific LNG, an affiliate of Clarion Finanz A.G. (collectively, "Clarion"), which was announced on May 6, 2008. As previously announced, InterOil issued common shares to Clarion at a conversion price of $22.65, issuing approximately 2.7 million common shares in exchange for the cancellation of Clarion's U.S.$60 million share of the existing $130 million credit facility. At closing, the principal amount outstanding under this credit

"We've worked hard to reach a responsible resolution to the cases being settled and are pleased to be moving forward" At least two major oil companies said late Wednesday they have agreed to settle lawsuits over the use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.Representatives of Valero energy Corp. and Chevron Corp. said they had joined the settlement, although a number of other oil companies are also named in a memo supporting the deal that was obtained by The Associated Press.The companies confirmed their involvement after The Wall Street Journal reported on its Web site that several oil companies agreed to pay $423 million plus cleanup costs to settle groundwater contamination litigation involving 153 public water providers in 17 states. That would make it the largest settlement to date involving the additive. Read more

The solar laminate maker turns a profit and gives strong guidance, sparking 43% rise in shares.

CALGARY, ALBERTA (MARKET WIRE) Paramount energy Trust ("PET" or the "Trust") (TSX: PMT.UN) is pleased to release its financial and operating results for the first quarter of 2008. Strong production levels led to solid financial and operating results despite lower realized natural gas prices as compared to the first quarter of 2007.

Joint Venture Nearing Completion of Natural Gas Storage Project in Louisiana, an Industrial Info News Alert

RE-RELEASE: Canadian Natural Resources Limited Announces Dividend

Tax benefit Increases First Quarter Earnings

Neptune Industries, Inc. Featured on NBC Local News