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JER Envirotech International Corp. : JER Reaches Agreement in Principal to Issue Shares in Settlement of $4.15 Million of Loans and Convertible Debt VANCOUVER, BC (MARKET WIRE) JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB) is pleased to announce that the Company has reached an agreement in principal with key debt holders for the settlement of approximately $4.15 million in debt including accrued interest. Pursuant to the settlement, JER will issue approximately 41,498,490 common shares at a price of $0.10 per share to settle the debt and accrued interest in full. marketwire.comCitgo reverses decision on free fuel shipments Citgo, the Venezuelan government’s U.S.-based oil subsidiary, reversed course and said it will continue shipments of heating oil to poor families in the United States. Houston ChronicleArctic Oil & Gas Corp.: Arctic Oil and Gas Provides Update on Financing of Norton Sound/Onshore Placer Gold Projects in Alaska LAS VEGAS, NV (MARKET WIRE) Arctic Oil and Gas Corp. (the 'Company') (PINKSHEETS: AOAG) today released an update on financing arrangements currently underway for their Norton Sound and Onshore Placer Gold Mining Projects in Nome, Alaska which is scheduled for development in 2009. Marketwire.comEnterprise Products prices $205M offering Enterprise Products Partners LP has priced a public offering of 9.6 million common units in order to pay off debt. (EPD) bizjournalsCrude tumbles below $43 on oil reserve report Energy prices plunged across the board after a government report showed U.S. oil reserves were much greater than expected, suggesting demand continues to fall. HoustonChronicle.comRepulsive quantum effect finally measured Physicists at last observe a 'quantum buoyancy' effect that could one day be used to oil the wheels of nanomachines NewScientist.comPetroHunter Energy: PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties DENVER, CO (MARKET WIRE) PetroHunter Energy Corporation (OTCBB: PHUN) today announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert L. Bayless, Producer LLC ('Bayless'), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties is consistent with the Company's plan of disposing of non-strategic assets and will provide additional funds for the Company's ongoing operations. Marketwire.comBP says Angola cuts back to meet OPEC quota Sonangol EP, Angola’s state-owned oil company, requested operators to cut crude production to comply with the OPEC quota, BP Plc said. Operators were informed individually by Sonangol to reduce extraction from Jan. 1, Sheila Williams, a BP spokeswoman in London, said today by phone. She declined to give further details. Houston ChronicleOil traders seek tankers to keep crude stored Oil traders are seeking as many as 10 supertankers to store crude, potentially taking the amount hoarded at sea to almost five days of European Union demand, according to Frontline Ltd., the largest owner of the vessels. Houston ChronicleOverseas stocks mixed, oil prices dip Asian stocks extended their New Year's rally today, with Japan's index up nearly 2 percent, on hopes that stimulus measures from a new U.S. administration would help speed the world's economic recovery. HoustonChronicle.com1 2 |
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