| Prospect Energy Corporation Prices Public Offering of Common Stock | | Posted Sunday, December 17, 2006 1:09:50 PM by Blog57 Team | | NEW YORK, NY -- (MARKET WIRE) -- December 15, 2006 -- Prospect Energy Corporation (NASDAQ: PSEC) ("Prospect") announced that it has entered into an agreement to sell 6,000,000 shares of common stock at $17.70 per share, raising $106,200,000 in gross proceeds. Prospect expects to use the net proceeds of this offering to repay outstanding indebtedness, to fund investments in portfolio companies and for general corporate purposes. Morgan Keegan & Company, Inc. is acting as the underwriter. The offering is subject to customary closing conditions and the shares are expected to be delivered on December 20, 2006. Prospect has also granted the underwriter an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.... | |
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| | | Woodside Unit Makes 'Best and Final' Offer for EPL | | Posted Wednesday, November 15, 2006 11:19:24 AM by Blog57 Team | | ATS, a subsidiary of Woodside Petroleum Ltd., Australia's largest publicly listed oil and gas company, has announced that $23 per share is its best and final price in its all-cash tender offer for the shares of common stock of Energy Partners, Ltd. ATS also confirmed that it does not intend to extend its offer past 11:59 p.m. (New York City Time) on November 17, 2006, unless it has received consents constituting a majority of EPL shares in connection with its consent solicitation and a majority .... | |
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| | | Turkmenistan: Potential 'Super-Giant' Emerges On Energy Scene | | Posted Sunday, November 12, 2006 7:31:34 AM by Blog57 Team | | WASHINGTON, November 10, 2006 (RFE/RL) -- Turkmenistan's discovery of a "super-giant" natural-gas field with reserves of 7 trillion cubic meters could significantly alter the energy playing field if confirmed. Such a massive new source of gas could cause Western Europe and Russia to rethink their current strategies for ensuring gas deliveries, and threaten some highly touted projects. .... | |
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| | | Jordanville group backs renewable energy | | Posted Wednesday, November 08, 2006 3:09:04 PM by Blog57 Team | | JORDANVILLE - A group of Jordanville-area residents have banded together to form the Friends of Renewable Energy, a group dedicated to promoting the use of renewable energy in New York state.Group spokesperson Shirley Mower said that creation of a Web site is under way, adding that the group will hold regular meetings starting in December. The group seeks to educate the public on the benefits of renewable energy, including wind power.“The Web site will have a lot of good facts on it, not a lot of hype you see and read about every day," said Mower. .... | |
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| | | Japanese company opens antioxidant plant in Pasadena | | Posted Saturday, November 04, 2006 1:31:22 PM by Blog57 Team | | Spurred by America's relentless appetite for anything that will slow the aging process, a Japanese pharmaceutical company has picked Pasadena as its U.S. base to manufacture a health supplement that is a hit in Japan. Earlier this week, Kaneka Corp., based in Osaka, opened an $80 million plant and hired more than 70 employees next to the Kaneka plastics complex in Pasadena to make Coenzyme Q10. The antioxidant is a key ingredient in a variety of products that claim to alleviate the signs of aging and to boost energy levels. CoQ10, as it is known, is naturally produced in various organs throughout the body. As humans age, their levels of the enzyme decrease. In Japan, the demand for the supplement has tripled in three years. CoQ10 is being added to a variety of products, such as chewing gum, chocolate, bread, sports beverages and even pet food.... | |
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| | | NYMEX Energy Futures Contracts Set Daily Volume Record on CME Globex(R) | | Posted Thursday, November 02, 2006 7:01:05 AM by Blog57 Team | | The New York Mercantile Exchange, Inc. announced today that it set daily volume records for total energy, crude oil, RBOB gasoline futures contracts traded on the CME Globex electronic trading platform yesterday. Total energy futures traded a record 415,437 contracts, surpassing the 411,265 contracts traded on October 18. Crude oil futures reached 234,852 contracts, exceeding the 215,579 contracts traded on October 18. RBOB gasoline futures totaled 19,016 contracts, topping the 15,694 traded on October 30. NYMEX launched its physically settled futures contracts for trading on CME Globex during regular open outcry trading hours on September 5, following its initial offering of financially settled, standard-sized and NYMEX miNY energy futures contracts for trading on CME Globex on June 12.... | |
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| | | Daylight Savings Time - This Is Your Wake Up Call | | Posted Wednesday, October 25, 2006 11:05:23 PM by Blog57 Team | | Rise-N-Shine LLC recently launched its groundbreaking, all-natural "Wake Up On Time" supplement. The first product of its kind, it's taken before bedtime and helps people to wake up alert, feeling great and full of energy. "It's more than a vitamin, it's time in a bottle because, instead of hitting the snooze button over and over again, our exciting new product allows you to bounce out of bed, ready to go," said Cathy Beggan, founder of Rise-N-Shine and creator of this revolutionary supplement. "This is a great way to add in the extra time that everyone needs each day - by waking up earlier each morning. My product helps you to effortlessly wake right up in the morning feeling happy, alert and ready for anything your demanding schedule throws at you." This supplement also boosts energy levels and immune systems, while elevating moods, enhancing memory, circulation, metabolism and digestion.... | |
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| | | NYMEX Energy Futures Contracts Set Daily Volume Records on CME Globex(R) | | Posted Sunday, October 22, 2006 7:06:27 PM by Blog57 Team | | The New York Mercantile Exchange, Inc. announced today that it set daily volume records for total energy, crude oil, natural gas and heating oil futures contracts traded on the CME Globex electronic trading platform yesterday. Total NYMEX energy futures reached 411,265 contracts, topping the 385,471 contracts traded on October 4. Crude oil futures contracts totaled 215,579 contracts, surpassing the 197,737 contracts traded on October 17. Natural gas futures traded a record 48,235, exceeding the 37,067 contracts traded on October 17. Heating oil futures reached 24,369 contracts, surpassing the 22,093 contracts traded on October 9. NYMEX launched its physically settled futures contracts for trading on CME Globex during regular open outcry trading hours on September 5, following its initial offering of financially settled, standard-sized and NYMEX miNY energy futures contracts for trading on CME Globex on June 12.... | |
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| | | 'Cocaine' drink sparks controversy | | Posted Thursday, October 19, 2006 7:10:13 PM by Blog57 Team | | UNIVERSITY PARK, Pa.-The name and contents of the new, controversially named energy drink Cocaine have prompted supermarkets to ban the product from their shelves and sparked a lawsuit against its "immoral trademark." The energy drink, which is manufactured by Las Vegas-based company Redux Beverages, declares Cocaine is 350 percent "greater than the Bull," likely referring to Red Bull, the leading energy drink. Redux Beverages also claims drinkers will experience no sugar-low crash after consumption. Redux Beverages said on its Web Site, www.drinkcocaine.com, that the company didn't want to "beat around the bush," with a less intense name. The company goes on to explain that although it has chosen the name Cocaine, the makers in no way endorse the drug. James Kirby, the co-founder of Cocaine, could not be reached for comment by press time Wednesday.... | |
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| | | Here comes the sun power | | Posted Tuesday, October 17, 2006 1:07:04 PM by Blog57 Team | | LANCASTER COUNTY, PA - The phones at SolarLion Inc., an alternative energy firm in Gordonville, have been ringing off the hook, according to owner Jerry Stern, since an early August announcement by officials at PPL Electric Utilities. The fact that electric costs for PPL customers, the Allentown-based company which serves nearly all of Lancaster County, will spike in 2010, has encouraged area residents to think seriously about alternative energy sources, Stern said. The reason for the hike is that state-mandated caps on the generation portion of PPL bills — in place since 1999 — will expire at the end of 2009, the final step in the deregulation of PPLs electric rates. Which means that starting in 2010, PPL customers will pay the cost of power purchased by PPL on the open market.... | |
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