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EnerNOC Enters Into an Agreement to be Acquired by the Enel Group for over $300M

22 June 2017 - 8:07am

BOSTON, June 22, 2017 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of demand response solutions and energy intelligence software, announced today that it has entered into an agreement to be acquired by the Enel Group (“Enel”), a multinational power utility and leading integrated electricity and gas operator present in over 30 countries across five continents with a managed capacity of approximately 85 GW and more than 65 million business and household customers worldwide.

Under the terms of the agreement, the Enel Group, through its subsidiary Enel Green Power North America, Inc. (“EGPNA”), will purchase EnerNOC for $7.67 per share in an all-cash transaction valuing the Company at over $300M, including EnerNOC’s net debt. EGPNA will commence a tender offer to acquire all of EnerNOC’s shares of common stock for $7.67 per share, representing an approximate 42% premium to the Company’s closing stock price on June 21, 2017 and a 38% premium to the 30-day volume-weighted average price.  EGPNA’s obligation to purchase the shares of EnerNOC’s common stock tendered in the tender offer is subject to certain conditions, including that holders of a majority of the shares are tendered during the tender offer period and receipt of antitrust clearance in the United States. Following completion of the tender offer, the remaining shares will be acquired in a second step merger at the same cash price per share as paid in the tender offer.

“After a comprehensive review of strategic options, during which we evaluated a wide range of paths to maximize shareholder value, we are excited to enter into this agreement with the Enel Group. The transaction provides our stockholders with significant and immediate cash value, and unites us with one of the most innovative, global energy companies that shares our vision to change the way the world uses energy. In combining forces with the Enel Group, we look forward to accelerating the growth of our core businesses and to delivering ever more value to our customers as we lead the transition to a more sustainable, distributed energy future,” said Tim Healy, Chairman and CEO of EnerNOC.

This transaction has been unanimously approved by the Board of Directors of EnerNOC.  The closing of the transaction is subject to the satisfaction of customary conditions and is expected to close in the third quarter of 2017.

Morgan Stanley and Greentech Capital Advisors are serving as financial advisors and Cooley LLP is acting as legal counsel.

About EnerNOC

EnerNOC is a leading provider of demand response solutions and energy intelligence software (EIS). With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking, and demand management, EnerNOC's SaaS platform helps enterprises control energy costs, mitigate risk, and streamline compliance and sustainability reporting. EnerNOC also offers access to more demand response programs worldwide than any other provider, offering enterprises a valuable payment stream to further enhance bottom line results and utilities and grid operators a reliable, cost-effective demand-side resource. For more information, visit www.enernoc.com and follow @EnerNOC on Twitter.

Safe Harbor Statement

Statements in this press release regarding the sale of EnerNOC, including, without limitation, statements relating to the ability of EnerNOC and the Enel Group to complete the transactions contemplated by the merger agreement and the timing of the expected closing, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including the risks impacting the timing of the tender offer and subsequent merger, risks relating to satisfying closing conditions, risks to the business relating to the announcement and pendency of the transaction, and those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Notice to Investors

The tender offer described herein has not yet been commenced. The description contained in this press release is neither an offer to purchase nor a solicitation of an offer to sell securities of EnerNOC. At the time the tender offer is commenced, the Enel Group and its wholly owned subsidiary intend to file a Tender Offer Statement on Schedule TO containing an offer to purchase, forms of letters of transmittal and other documents relating to the tender offer, and the Company intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. Investors and stockholders of EnerNOC are strongly advised to read the Tender Offer Statement on Schedule TO, including the offer to purchase, form of letter of transmittal and other documents related to the tender offer, and the Solicitation/Recommendation Statement on schedule 14D-9 that will be filed by EnerNOC, and other relevant materials when they become available, because these materials contain important information regarding the tender offer. Stockholders of EnerNOC will be able to obtain a free copy of these documents (when they become available) and other documents filed by EnerNOC or the Enel Group with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Schedule TO and related exhibits, including the offer to purchase, forms of letters of transmittal, and other related tender offer documents may be obtained (when available) for free by contacting the EnerNOC at One Marina Park Drive, Suite 400, Boston, MA 02210.

CONTACT: EnerNOC Media Relations: Sarah McAuley 617.532.8195 news@enernoc.com EnerNOC Investor Relations: ir@enernoc.com
Categories: State

“LSC Shipmanagement” adds “Elandra Falcon” – the 25th tanker to the fleet under its technical management

16 June 2017 - 8:59am

On Friday, June 16, in South Korea, the JSC “Latvian Shipping Company” subsidiary “LSC Shipmanagement” Ltd (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Falcon”, which is the 25th tanker managed by LSCSM. The new tanker is intended for transportation of oil products. Her total length is 268.25 meters and deadweight – 157’000 tons.

“We are delighted that LSCSM is able to expand the fleet under its technical management, which is a sign of quality that attests to the professionalism and skills of our crews and ship management team. This is the 25th ship under the technical management of LSC SM, and we see that we can grow it even more. Due to the expansion we are looking for new employees on Oil/Chemical tankers – senior officers, junior officers and ratings, so that we can continue providing professional services to our clients according to international quality standards,” underlines Robert Kirkup, the Chairman of the Board of JSC “Latvian Shipping Company”.

Tanker “Elandra Falcon” was built by a ship building company in South Korea called “Sungdong Shipbuilding LTD” and is the second tanker that has been added this year to the fleet under LSCSM full technical management. On April 19 the tanker “Elandra Eagle” was added to the fleet under LSCSM full technical management.

 

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Ship management” Ltd is technically serving 9 more vessels, thus managing a fleet of 25 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

Latvijas Gāze, JSC: Resolutions of the Regular Meeting of Shareholders

16 June 2017 - 4:13am

Resolutions of the Regular Meeting of Shareholders of the Joint Stock Company “Latvijas Gāze” held on June 16, 2017.

         Vinsents Makaris
         Investor relations manager
         Phone: + (371) 67 369 144
         E-mail: IR@lg.lv

Categories: State

ON TRANSACTIONS UNDER REGULATION NO 596/2014

15 June 2017 - 9:59am

Additional information available in the document attached.

 

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

 

 

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

Notification of transfer of ownership of material shareholding

15 June 2017 - 9:46am

On 15 June, 2017 JSC “Latvijas kuģnieciba” (“LSC”) received a notification from the Vitol Holding B.V. (“Vitol Group”) regarding the transfer of 99,880,361 LSC shares from a wholly owned indirect Vitol Group subsidiary JSC “Ventspils nafta” to Vitol Netherlands B.V.

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

On transactions under regulation No 596/2014

15 June 2017 - 9:36am

Additional information available in the document attached.

 

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

 

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

Notification on disposal of a material shareholding

15 June 2017 - 8:59am

On 15 June, 2017 JSC “Latvijas kuģnieciba” (“LSC”) received Giovanni Fagioli notification on disposal of a material shareholding in LSC.

On 15 June, 2017 OÜ “Fondo H Estonia”, which is 100% owned by Italian based investment company FH S.p.A. in its turn 100% owned by Giovanni Fagioli, has disposed 39 249 118 shares, equivalent to 19.62% of voting capital of LSC.

 

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.  

 

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

Moody’s changes outlook to positive on OR’s Ba2 rating

15 June 2017 - 7:20am

Reykjavík, 2017-06-15 14:20 CEST (GLOBE NEWSWIRE) -- Moody’s Investors Service has today changed the outlook on Orkuveita Reykjavíkur’s (OR; Reykjavík Energy) Ba2 rating to positive from stable.

The change of outlook to positive recognizes the progress OR has made with regard to improving its operational performance, reducing its financial leverage and strengthening its liquidity profile over recent years and the increased likelihood that the company will meet Moody’s ratio guidance for a rating upgrade in near future.

OR’s financial profile has improved as a result of the company’s strict implementation of a five-year plan approved by the board of directors in March 2011. Owing to a very strong commitment from management, the company outperformed the targets well in advance of the completion date in December 2016. Moody’s expects that the company will continue to maintain a prudent cash management and hedging policy, which provides greater visibility over funding and helps the company to partially reduce its interest rate, exchange rate and commodity risks.

         Contact:
         Ingvar Stefansson
         CFO + 354 516 6100

Categories: State

About the shares of JSC “Latvijas kuģniecība”

14 June 2017 - 9:06am

Internal information, 2017-06-14 16:06 CEST (GLOBE NEWSWIRE) -- On 14 June, 2017 JSC “Latvijas kuģniecība” (LSC) received a notification from the Vitol Holding B.V. (Vitol Group), that its wholly owned subsidiary, Vitol Netherlands B.V. (Vitol Netherlands), had acquired a material shareholding in LSC. 

According to the notification, Vitol Netherlands has acquired 39,249,118 shares, equivalent to 19.62% of the total voting capital of LSC, for an undisclosed sum with settlement date 15 June, 2017.

Due to the Vitol Group’s existing shareholding of 99,880,361 in LSC, held through its wholly owned indirect subsidiary JSC Ventspils Nafta, the Vitol Group’s total shareholding is equivalent to 69.56% of the voting capital of LSC. 

 

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Shipmanagement” Ltd is technically serving 8 more vessels, thus managing a fleet of 24 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com
         www.lk.lv

Categories: State

Baron Energy Engages CTX Equity Partners for Growth Capital Raise

14 June 2017 - 6:00am

SAN MARCOS, Texas, June 14, 2017 (GLOBE NEWSWIRE) -- Baron Energy Inc. (OTCPK:BROE) (“Baron” or the “Company”), an independent energy company based in San Marcos, Texas, has engaged CTX Equity Partners, LLC (“CTX”) to assist in a major growth capital raise.

Management Comments

Ronnie L. Steinocher, President and CEO, said, “We are pleased to engage CTX to assist with our growth capital requirements.  This capital will provide funds to accelerate our South Texas Project (STX) by making more bolt-on acquisitions, completing production enhancement programs, and drilling new wells.  These funds should allow us to fully complete our 2017-2019 work programs and advance to our STX 2019 Exit.”

About Baron Energy Inc.

Baron Energy Inc. is an independent energy company acquiring and operating producing properties in South Texas.

For more information, please visit www.baronenergy.com.

About CTX Equity Partners, LLC

CTX Equity Partners, LLC (“CTX”) is a privately-held boutique Investment Banking and Business Advisory firm located in Austin, Texas. CTX partners with startup and middle market companies to provide them with foundational Business Advisory and Investment Banking services. Certain CTX representatives maintain securities licensing with, and conduct securities transactions through, Reliance Worldwide Investments, LLC (“RWI”). Check the background of registered investment professionals at FINRA’s BrokerCheck.

For more information, please visit CTXEquityPartners.com.

About Reliance Worldwide Investments, LLC

RWI is a privately-held independent Broker-Dealer. It is headquartered in the greater Chicago, Illinois area, with affiliated independent Registered Representatives and Investment Banking Representatives located across the United States. RWI is a member of FINRA and SIPC; and registered with the SEC, MSRB, and in applicable states. RWI assumes no responsibility, or liability, for the contents of this press release or any referenced or linked website(s); nor should it be presumed to be RWI’s view or an implied endorsement. Check the background of this Broker-Dealer and its registered investment professionals at FINRA’s BrokerCheck.

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY OR INVEST IN ANY PRIVATE PLACEMENT. 

For more information about RWI, please visit RWI-Securities.com.

Forward-Looking Statements

In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.

CONTACT: CONTACT:  Lisa P. Hamilton Executive Vice President and CFO (512) 392-5775 info@baronenergy.com
Categories: State

Green EnviroTech Holdings Corp. to Present at the 2017 Marcum MicroCap Conference in New York City

13 June 2017 - 7:45am

JAMESTOWN, Calif., June 13, 2017 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. (OTC PINK:GETH) CEO, Chris Bowers, will present at the 2017 Marcum MicroCap Conference at 4:30pm on Thursday, June 15 at the Grand Hyatt Hotel in New York City and will conduct 1-on-1 meetings on June 15th and June 16th, 2017. Mr. Bowers’ presentation will be webcast live at 4:30 pm EDT at this link (http://wsw.com/webcast/marcum5/geth). The presentation will be archived and viewable via this link or by visiting the ‘News’ section of our website after the initial broadcast.

The Marcum conference is a highlight on the annual investment community calendar in New York City.

“We are pleased to be presenting at the 2017 Marcum conference as this provides an ideal forum for us to explain our strategy and plans for the company”, said Chris Bowers, CEO GETH.  “We look forward to meeting with investors and potential partners.”

About GreenEnviroTech Holdings
GreenEnviroTech Holdings Corp. (GETH) is a pioneer in sustainable development. Our mission is to find and implement practical, economical solutions that will clean up the environment. Our technologies will convert waste into valuable products and help to protect the planet.  We will create local jobs and stimulate economic growth in the communities where we do business.

For more information on GETH:
www.greenenvirotech.com

About the Marcum MicroCap Conference

The Marcum MicroCap Conference (www.marcummicrocap.com) is a nationally recognized forum for publicly traded companies with less than $500 million in market capitalization to network with fund managers and high net worth investors who focus on small cap equities. More than 2000 investors and other participants from every segment of the microcap marketplace attend each year, including venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, and buy- and sell-side analysts, as well as senior executive teams from presenting companies and service providers to the microcap marketplace.

The conference is presented by Marcum LLP, a top national accounting and advisory firm registered with the Public Company Accounting Oversight Board (PCAOB). Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance. For more information, visit www.marcumllp.com.

CONTACT: CONTACT INFORMATION Public Relations and Media Contact: LCG Headquarter Office 702.333.4886 www.lcginfo.com
Categories: State

HyperSolar Extends Research Agreement with University of California, Santa Barbara as Demand for Clean Hydrogen Grows

13 June 2017 - 2:30am

SANTA BARBARA, Calif., June 13, 2017 (GLOBE NEWSWIRE) -- HyperSolar, Inc. (OTCQB:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced it has extended its sponsored research agreement with the University of California, the first university the Company partnered with when it embarked on its quest to produce completely renewable, cost-efficient hydrogen.

The extended agreement with the University of California Santa Barbara (UCSB) will maintain the relationship through June 30, 2018. The agreement comes during a crucial time for the Company, as alongside the University of Iowa, UCSB is tasked with scaling HyperSolar’s renewable hydrogen production process, including the advancement of a commercial prototype using readily available amorphous silicon solar cells, as well as developing a patented nanoparticle technology that will produce economically viable “green” hydrogen.  

As HyperSolar technology continues to develop in its quest to increase efficiency while reducing cost, the market for hydrogen, especially that produced by completely renewable processes, continues its rise in demand. This demand at the consumer level is driven by the influx of fuel cell vehicles (FCVs) hitting the market from major automotive manufacturers including Toyota and Hyundai, as well as innovative startups such as Nikola Motor Co. who plans to release hydrogen-fuel cell electric semi-trucks. However, infrastructure remains an existing barrier to mass FCV adoption, which has historically struggled to meet innovation and the current growing demand. HyperSolar believes its technology represents a solution to this challenge by producing completely renewable hydrogen demand at or near the point of distribution, such as a fueling station.

“We have stressed the importance of maintaining a strong relationship with the scientific teams that have led and supported the growth of HyperSolar technology,” said Tim Young, CEO of HyperSolar. “This agreement with the University of California maintains the continuity of our core scientific group, one that we anticipate leading us to eventual commercialization. Now more than ever, our focus is on demonstrating capabilities in real world environments, and reaching our potential to meet the rapidly growing market demand.” 

HyperSolar’s research is focused on developing a completely renewable, low-cost and submersible hydrogen production particle that can split water molecules using the power of the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. A video detailing the rise of hydrogen fuel technology as well as HyperSolar’s completely renewable process of hydrogen fuel production can be viewed by visiting here.

About HyperSolar, Inc.
HyperSolar is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles.  To learn more about HyperSolar, please visit our website at www.hypersolar.com.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

 

CONTACT: Press Contact: Eric Fischgrund FischTank Marketing and PR 646-699-1414 Eric@FischTankPR.com
Categories: State

Rex Energy Announces Results of Four-Well Baird Pad in Moraine East Area

12 June 2017 - 3:01pm
  • The two Marcellus wells produced at an average 24-hour sales rate per well of 12.1 MMcfe/d with 57% liquids production
  • Baird 4H (Marcellus) produced 213 bbls per day of condensate, the highest rate to date in the Butler Operated Area
  • Average 24-hour sales rate per well of 10.1 MMcfe/d; 56% liquids

STATE COLLEGE, Pa., June 12, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced that it has placed into sales the four-well Baird pad in the Moraine East Area. The Baird wells were drilled to an average lateral length of approximately 7,140 feet and completed in an average of 39 stages and 2,727 pounds of sand. The wells produced at an average 24-hour sales rate per well, assuming full ethane recovery, of 10.1 MMcfe/d consisting of 4.4 MMcf/d of natural gas, 823 bbls/d of NGLs and 124 bbls/d of condensate.

Four-Well Baird Pad – 24 Hour Sales RatesWellFormationNatural Gas
(Mcf/d)
NGLs
(Bbls/d)
Condensate
(Bbls/d)
Total
(Mcfe/d)
Baird 1HMarcellus5,07293810811,348Baird 4H 5,3931,03221312,860Average5,23298516012,104      Baird 2HUpper Devonian3,8067101058,695Baird 3H 3,316613727,427Average3,561661898,061     Average 24-Hour Sales Rate for Baird Pad4,39682312410,082

We are extremely pleased with the results from the Baird pad, and in particular, with the two Marcellus wells that averaged over 12.0 MMcfe/d.  In addition, the Baird 4H produced the highest condensate rates we’ve seen to date in the entire Butler Operated Area. The strong performance of the Baird wells, which are located in the northernmost part of Moraine East, demonstrates the future potential for the northern portion of the field,” said Tom Stabley, Rex Energy’s President and Chief Executive Officer. He continued, “The placement of the Baird pad into sales marks another success in the execution of our two-year plan. We remain on schedule to place the six-well Shields, four-well Mackrell and four-well Wilson pad into sales in the latter half of this year, which will be the catalyst for increased production growth in the second half of 2017.”

Note: the company has provided an update to the June 2017 corporate presentation on slides 4 through 9. The June 2017 corporate presentation can be found on the company’s website at www.rexenergy.com in the Investor Relations section.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included in this release that address activities, events, developments, forecasts, or guidance that Rex Energy expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements rely on assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside Rex Energy's ability to control or predict, that could cause results to differ materially from management's current expectations. These risks and uncertainties include, but are not limited to, economic and market conditions, operational considerations, the timing and success of our exploration and development efforts, and other uncertainties. Additional information concerning these and other factors can be found in our press releases and public periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2016, and we strongly encourage you to review those documents to understand these risks. You should not place undue reliance on forward-looking statements because they reflect management's views only as of the date of this release. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

About Rex Energy Corporation

Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.

CONTACT: For more information contact: Investor Relations (814) 278-7130 InvestorRelations@rexenergycorp.com
Categories: State

Ultra Petroleum Set to Join Russell 3000® Index

12 June 2017 - 3:00pm

HOUSTON, June 12, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“We are pleased to have been added to the Russell Indexes," commented Michael D. Watford, President, Chairman and CEO. "We believe this inclusion into a well-known index will introduce more investors to UPL and will also provide additional liquidity for our shares.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Ultra Petroleum

Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production. The company is listed on NASDAQ and trades under the ticker symbol “UPL”. Additional information on the company is available at www.ultrapetroleum.com.

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, the company can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company’s business are set forth in its filings with the SEC, particularly in the section entitled “Risk Factors” included in its Annual Report on Form 10-K for the most recent fiscal year, its Quarterly Reports on Form 10-Q for the quarter ended March 31, 2017, and from time to time in other filings made by the company with the SEC. Risks and uncertainties related to operating the company’s business include, but are not limited to, increased competition, the timing and extent of changes in prices for oil and gas, particularly in Wyoming and Pennsylvania, the timing and extent of the company’s success in discovering, developing, producing and estimating reserves, the effects of weather and government regulation, availability of oil field personnel, services, drilling rigs and other equipment, as well as other factors listed in the reports filed by the company with the SEC. Full details regarding the selected financial information provided above will be available in the company’s report on Form 10-Q for the quarter ended March 31, 2017.

CONTACT: For further information contact: Sandi Kraemer Director, Investor Relations Phone: 281-582-6613 Email: skraemer@ultrapetroleum.com
Categories: State

Toscana Energy Reports Voting Results of Annual Meeting of Shareholders

12 June 2017 - 1:13pm

CALGARY, Alberta, June 12, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) held its annual meeting of shareholders on June 12, 2017 in Calgary, Alberta.  A total of 1,345,856 common shares ("Common Shares") of the Company, representing approximately 18.46% of Common Shares, were represented in person or by proxy at the meeting.

During the business proceedings at the meeting, shareholders approved resolutions fixing the number of directors to be elected at the meeting at six and appointing Deloitte LLP as the Company's auditors.

In addition, the six director nominees proposed by management were elected by ballot at the meeting.  Proxies and in person votes were received as follows:

NomineeVotes ForVotes Withheld NumberPercentageNumberPercentageThomas Budd1,268,68098.90%14,0501.10%Donald Copeland1,276,89499.55%5,8360.45%Joseph Durante1,213,33394.59%69,3975.41%John Festival1,276,89499.55%5,8360.45%Martin Hislop1,276,89499.55%5,8360.45%Brian Krausert1,276,39499.51%6,3360.49%       

About Toscana Energy Income Corporation

Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation.  Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies. 

For further information, please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer
Tel: (403) 410-6793
Fax: (403) 444-0090

Source: Toscana Energy Income Corporation

Categories: State

Notice on Convocation of an Extraordinary General Meeting of Shareholders of AB Klaipedos Nafta

12 June 2017 - 12:00pm

Notice is hereby given that on the initiative and by the resolution of the Board of AB Klaipedos Nafta, legal entity code 110648893, with the registered office at Burių g. 19, Klaipeda (hereinafter, the Company), from 12 June 2017, an extraordinary General Meeting of Shareholders of the Company will be held on 4 July 2017 at 1:00 p.m. The meeting will be held in the Company’s office at Buriu st. 19, Klaipeda, in the administrative premises of the Company (in the hall of the meeting on the 2nd Floor).

Agenda of the meeting:

1. Regarding the approval of AB Klaipedos Nafta board decision to conclude the agreement on engineering, procurement and construction (EPC) of 2x10.000 m3 and 4x5.000 m3 light oil products’ tanks with the winner of public procurement tender performed by AB Klaipėdos Nafta “Construction of 2x10.000 m3 and 4x5.000 m3 light oil product tanks”.

2. Regarding the approval of AB Klaipedos Nafta board decision to conclude the agreement on engineering, procurement and construction (EPC) of 6x20,000 m3 light oil products’ tanks with the winner of public procurement tender performed by AB Klaipedos Nafta “Construction of 6x20,000 m3 light oil product tanks”.

The shareholders will be registered from 12:00 p.m. to 12:55 p.m. The persons intending to participate in the meeting shall have a personal ID document (an authorised representative shall have additionally a proxy approved under the established procedure. The natural person’s proxy shall be notarised. A proxy issued in a foreign state shall be translated into the Lithuanian language and legalised under the procedure prescribed by laws).

A shareholder or his proxy shall have the right to vote in writing in advance by filling in a general ballot paper. At the request of the shareholder, the Company shall send a general ballot paper to the shareholder by registered mail free of charge at least 10 days before the meeting. The filled-in general ballot paper and the document attesting the voting right shall be submitted to the Company no later than until the meeting, sending by registered mail or providing them at the address of the registered office of the Company indicated in the notice.

The shareholders who hold shares carrying at least 1/20 of all the votes may propose additions to the agenda of the general meeting of shareholders by submitting with every proposed additional item of the agenda a draft resolution of the general meeting of shareholders or, when no resolution is required, an explanation. Proposals on addition to the agenda shall be submitted in writing or sent by e-mail. Written proposals shall be submitted to the Company on business days or sent by registered mail at the address of the registered office of the Company indicated in the notice. Proposals submitted by e-mail shall be sent to the following e-mails: info@kn.lt and a.kasparas@kn.lt. The agenda shall be supplemented if the proposal is received no later than 14 days before the extraordinary general meeting of shareholders. If the agenda of the general meeting of shareholders is supplemented, the Company shall notify on the additions no later than 10 days before the meeting in the same ways as in the case of convocation of the meeting.

The shareholders, who hold shares carrying at least 1/20 of all the votes, at any time before the general meeting of shareholders or during the meeting, may propose new draft resolutions on items which are or will be included in the agenda of the meeting. The proposals may be submitted in writing or sent by e-mail. Written proposals shall be submitted to the Company on business days or sent by registered mail at the address of the registered office of the Company indicated in the notice. Proposals submitted by e-mail shall be sent to the following e-mails: info@kn.lt and a.kasparas@kn.lt.

The shareholders shall have the right to submit to the Company in advance questions relating to the items on the agenda of the meeting. The shareholders may submit their written questions to the Company on business days or send by registered mail at the address of the registered office of the Company indicated in the notice no later than 3 business days before the meeting. The Company will reply to the questions by e-mail or in writing before the meeting, except the questions which are related to the Company’s commercial (industrial) secret, confidential information or which have been submitted later than 3 business days before the meeting.

The Company does not provide the possibility of participating and voting at the meeting by means of electronic communications means.

The Shareholder shall have the right to authorize through electronic communications means another person (natural or legal) to participate and vote in the meeting on behalf of the shareholder. No notarisation of such authorization is required. The shareholder must confirm the proxy issued through electronic communications means by an electronic signature developed by a secure signature-creation device and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the proxy issued through electronic communications means to the following e-mails: info@kn.lt and a.kasparas@kn.lt no later than until the last business day before the meeting at 1:00 p.m. The proxy and the notice must be issued in writing. The proxy and the notice to the Company shall be signed with the electronic signature but not the letter sent by e-mail. By submitting the notice to the Company, the shareholder shall include the internet address from which it would be possible to download software free of charge to verify the shareholder’s electronic signature.

The record date of the meeting shall be 27 June 2017 (only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders or their authorised persons, or persons with whom an agreement on assignment of the voting right has been executed, may participate and vote at the general meeting of shareholders).

The shareholders of the Company may familiarise with the draft resolution of the meeting and the form of the general ballot paper under the procedure prescribed by laws in the registered office of the Company at Burių st. 19, Klaipeda (tel.: 8 46 391772), or on the Company’s website at http://www.kn.lt/. The following information and documents shall be provided on the abovementioned internet website of the Company:

- the notification on convocation of the meeting;

- total number of the Company’s shares and the number of shares with voting rights on the convening day of the meeting.

Enclosed:

1. Draft decision of the General Meeting of Shareholders.

2. General voting ballot paper of the General Meeting of Shareholders.

         Marius Pulkauninkas, Director of Finance and Administration Department, +370 46 391 763.

Categories: State

Great Quest Announces AGM Results and Grants Share Options

12 June 2017 - 8:00am

VANCOUVER, British Columbia, June 12, 2017 (GLOBE NEWSWIRE) -- Great Quest Fertilizer Ltd (the “Company”) (TSX-V:GQ) announces that its shareholders approved all of the motions presented at its Annual General Meeting ("AGM") held on June 9, 2017.

The following have been re-elected as the directors of the Company: John Clarke (Chairman), Jed Richardson (CEO), Gordon Peeling and David Shaw.

The Company also announces that it has granted to its directors, officers and employees an aggregate of 1,605,000 incentive share options (“Options”), pursuant to its share option plan. These Options are exercisable at $0.30 per share for a period of five years from the date of the grant.

About Great Quest

Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African agricultural mineral projects for local production of farm ready fertilizers. The Company’s flagship asset is the Tilemsi Phosphate Project, encompassing 1,206 km² in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.

“Jed Richardson”
President, Chief Executive Officer and Director

For more information:
Please call Jed Richardson at 1-877-325-3838 or email info@greatquest.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties could cause actual results to vary materially from the targeted results. We seek safe harbor.

Categories: State

Power Clouds to Present at the 2017 Marcum MicroCap Conference in New York on June 15th

9 June 2017 - 12:09pm

NEW YORK, June 09, 2017 (GLOBE NEWSWIRE) -- Power Clouds Inc. (www.powercloudsinc.com) (OTC:PWCL) a global renewable energy company, today announces that it will present its business and growth strategies to investors at the 2017 Marcum MicroCap Conference at 10:00am on June 15 in the Winter Garden breakout room. The Marcum conference is a highlight on the annual investment community calendar in New York City.

Power Clouds is an international green energy producer that develops, owns and operates a diverse portfolio of international PV solar parks that connect directly to national power grids on long-term supply contracts that benefit from government subsidies. These assets provide guaranteed income streams for 15 years or longer.

PWCL currently has 6MW of solar parks operational in Romania and 1.7MW operational in Italy from recent acquisitions, with a further 20MW under contract and letter-of-intent for close there in 2017. The Company is currently participating in tender processes for an additional 38MW in Italy, is in active discussions to acquire 19MW in the US and is exploring development projects in Japan.

Vincent Browne, Chief Financial Officer of PWCL, said, "We are looking forward to discussing the exciting developments we have made in the business over the past twelve months where revenues are double what they were a year ago for 2017, the business is EBITDA positive on an ongoing basis, and enjoys up to 15 years of predictable revenues contracted under government contracts for assets owned. We are now moving to the next phase in our stated mission to build the world’s largest distributed and connected green energy parks that together produce clean energy 24 hours a day, 7 days a week.”

The Marcum MicroCap Conference (www.marcummicrocap.com) is a nationally recognized forum for publicly traded companies with less than $500 million in market capitalization to network with fund managers and high net worth investors who focus on small cap equities. More than 2,000 investors and other participants from every segment of the microcap marketplace attend each year, including venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, and buy- and sell-side analysts, as well as senior executive teams from presenting companies and service providers to the microcap marketplace.

The conference is presented by Marcum LLP, a top national accounting and advisory firm registered with the Public Company Accounting Oversight Board (PCAOB). Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance. For more information, visit www.marcumllp.com

About Power Clouds Inc.
Power Clouds Inc. is an international green energy producer that develops, owns and operates a diverse portfolio of international PV solar parks that connect directly to national power grids on long-term supply contracts that benefit from government subsidies. These assets provide guaranteed income streams for 15 years or longer.  PWCL’s mission is to build the world’s largest distributed and connected green energy parks that together produce clean energy 24 hours a day, 7 days a week. PWCL creates value for investors by developing, owning and operating clean energy power plants in multiple countries where the combination of regulatory, economic and environment elements are maximized. It currently has activities in Europe & Asia. Global focus means operations are not limited to any one geography or single commercial model or regulatory influence. For more information, visit www.PowerCloudsInc.com

This press release contains forward-looking statements. Words such as “expects,” "intends,'' "believes,'' and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

CONTACT: Vincent Browne 1 212 220 7434 investors@powercloudsinc.com
Categories: State

Sky Solar Provides Additional Details on Shareholder and Board Actions

9 June 2017 - 10:50am

--An Additional New Independent Director Appointed--
--Extraordinary Shareholder Meeting Reconvened until July 28, 2017--

HONG KONG, June 09, 2017 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ:SKYS) (“Sky Solar” or “the Company”), a global developer, owner and operator of solar parks, today provided additional details on the Extraordinary General Meeting (“EGM”) to be held on June 19, 2017.  Additionally, the Company announced the appointment of an additional independent director.

Extraordinary General Meeting

On June 6, 2017 a notice of extraordinary general meeting was given by Mr. Weili Su, the Company’s then chairman of the board of directors.  That notice convened the meeting on June 19, 2017.  However, the Company was advised by its depositary bank that this meeting date gives insufficient time to properly notify all ADS holders and collect their voting instructions.  Accordingly, the June 19 meeting will be immediately adjourned with no business conducted.  The meeting will reconvene on July 28, 2017, with a notice period that should provide ADS holders sufficient time to issue and deliver their voting instructions to the depositary.  The record date for the new EGM will be July 6, 2017.

Appointment of A New Independent Director

Effective immediately, Mr. Qiang Zhan was appointed as an independent director of the Company, filling one of the seats vacated by the earlier resignations of Arthur Wong and Andrew Yan. 

Mr. Zhan is a proven leader with Global 500 European and American companies.  Mr. Zhan has extensive experience in senior financial roles with companies such as Polymer Group Inc. (now known as AVINTIV Inc.), Feidong Lighting Co., Philips China Investment Co., and Eaton-Vickers Hydraulics.  He also has meaningful experience in a variety of sales, marketing and operating roles.  Mr. Zhan earned an MBA degree from the State University of New York at Buffalo, and a Bachelor of Engineering degree from Nanjing Institute of Technology (now known as Southeast University).

As previously announced, the other vacated position of independent director was filled by Mr. Glen Wei.  Mr. Wei is a partner at Dentons, a global law firm, whose practice covers a variety of disciplines related to tax, cross-border investments, and mergers and acquisitions.  Mr. Wei is a member of China bar and California and New York bar, and is a CPA in both the United States (California) and China.

About Sky Solar Holdings, Ltd.

Sky Solar is a global independent power producer (“IPP”) that develops, owns, and operates solar parks and generates revenue primarily by selling electricity. Since its inception, Sky Solar has focused on the downstream solar market and has developed projects in Asia, South America, Europe, North America and Africa. The Company's broad geographic reach and established presence across key solar markets are significant differentiators that provide global opportunities and mitigate country-specific risks. Sky Solar aims to establish operations in select geographies with highly attractive solar radiation, regulatory environments, power pricing, land availability, financial access and overall power market trends. As a result of its focus on the downstream photovoltaic segment, Sky Solar is technology agnostic and is able to customize its solar parks based on local environmental and regulatory requirements. As of December 31, 2016, the Company had developed 307 solar parks with an aggregate capacity of 292.3 MW and owned and operated 159.6 MW of solar parks.

CONTACT: For investor and media inquiries, please contact: Sky Solar: IR@skysolarholding.com SKYS Investor Relations: The Blueshirt Group US or Mandarin Ralph Fong +1 (415) 489-2195 ralph@blueshirtgroup.com China Gary Dvorchak, CFA +86 (138) 1079-1480 gary@blueshirtgroup.com
Categories: State

DNO ASA: Mandatory Notification of Trade

9 June 2017 - 9:35am

Oslo, 9 June 2017 - DNO ASA, the Norwegian oil and gas operator, today purchased 1,600,000 own shares at an average price of NOK 7.6108 per share.

The purchase is part of the share buyback program initiated on 24 March 2017.

Following this transaction, DNO holds 27,750,000 own shares.

--

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197

--

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Oman, Somaliland, Tunisia and Yemen.

--

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Categories: State

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