Turning Pennies into dollars: (PINKSHEETS: WTWO), (PINKSHEETS: TNOG), (PINKSHEETS: IDGJ)
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W2 Energy Inc. (PINKSHEETS: WTWO) closed at $0.05 Tuesday, trading 142,648 shares.
Company News- June 4, 2008: W2 Energy Inc. to Pursue Joint Venture With TecFuels, LLC
W2 Energy Inc. (PINKSHEETS: WTWO) and TecFuels, LLC of Salem, Oregon announced earlier today the formation of a joint venture to build one waste-to-energy plant which will convert 40 tons of bituminous coal and agricultural waste into electricity and 70 cetane synthetic diesel. The plants will use W2 Energy's proprietary plasma and gas to liquid technologies and TecFuels' expertise in developing waste-to-energy plants.
"TecFuels is poised to become a strong player in the North American waste-to-energy market," says Mike McLaren, CEO of W2 Energy. "They have excellent connections and deep technical expertise in wood waste, agricultural waste, cogeneration and energy production. This will be the first of many waste-to-energy plants we develop with TecFuels."
Kevin Caldwell, CEO of TecFuels, states, "W2 Energy produces the most financially viable waste-to-energy plants. The efficiencies of their reactor and gas-to-liquid technologies produce profits even in a small or medium size plant. This is their competitive advantage."
The joint venture will pay W2 Energy for design, construction, delivery and commissioning of the waste-to-energy plant, which will produce approximately 100 barrels of synthetic diesel per day and will have a 5 MW steam turbine for electricity production.
W2 Energy, as the technology partner, will retain 51.1% of the joint venture. TecFuels will retain 49.9% of the venture and will provide local management and operations support.
W2 Energy and TecFuels have formed this joint venture to promote and implement sustainable and renewable energy sources worldwide. Both companies use clean energy technologies to help reverse global climate change.
About W2 Energy Inc.
W2 Energy LLC is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy LLC's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
About TecFuels, LLC
TecFuels is a company that uses the latest technologies to develop renewable energy projects, primarily in the Great Northwest. Their mission is to provide the highest quality fuel and electricity while helping to maintain the integrity of our environment.
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Titan Oil and Gas Inc. (PINKSHEETS: TNOG) closed at $0.0055 Tuesday, trading 1,324,100 shares.
Company News- June 4, 2008: Titan Oil and Gas Management Completes Trip to Kern County While Assessing Current and Future Projects
Titan Oil and Gas Inc. (PINKSHEETS: TNOG) announced earlier today that managements first order of business upon arrival in Kern County was going over its lease with Mr. Nahama. After consultation it was determined that a data set be developed so that a deeper target, around 5000ft., necessitated by the schist formation lying below the 3000 ft horizon previously targeted in past attempts to drill on the lease. Management also discussed a number of possible joint ventures regarding existing leases in the area (detailed below.)
According to Titan Oil and Gas President Brandon Toth, Its obvious that much of the oil and gas development in successful wells surrounding our lease have gone deeper than the shallow wells that were considered the norm in past decades. Drilling into what is termed the basement reservoir has proved for many local operators a successful completion.
The meetings with Nahama Oil and Gas (NOG) looked at a number of organizations that have projects that would benefit from a joint venture with Titan Oil and Gas. These companys interests are driven by organizational issues that have kept producing wells out of production and would also benefit from new technology that Titan in association with NOG has proposed to use. Introductions came from NOG management and were connected with organizations that have projects within renowned zones such as Midway-Sunset, South Belridge, Edison, Kern Bluff and Kern Front Fields.
ABOUT TITAN OIL AND GAS, INC.
Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties.
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JED Oil Inc. (AMEX: JDO) closed at $0.94 Tuesday, trading 81,099 shares.
Company News- June 4, 2008: JED Oil Inc. Announces Note Redemption Extension
JED Oil Inc. (AMEX: JDO) (JED or the Company) earlier today announced that it and a majority of the holders of its $40.24 million principal amount of 10% Senior Subordinated Convertible Notes (Notes), have signed a Note Amending Agreement to restructure the Notes and extend the maturity date for their redemption. Under the terms of the new agreement, the Company has until June 30, 2008 to complete the credit facility offered by a Canadian Chartered Bank in the approximate amount of $32 million. These funds will be used to repay 61% of the principal amount of the Notes; an addition of 1% of the principal amount and 400,000 common shares of JED as extension fees, plus all interest accrued from January 1, 2008 through the closing date in cash. The remaining balance of 39% of the principal amount will remain outstanding as amended and restated Notes. The amended Notes will pay quarterly interest in the amount of 12% per annum and will mature one year from the issue date. The interest will be payable in common shares of JED if required by the Companys bank. Under the terms of the agreement, the Company will have the right to make prepayments at any time without penalty. In addition, JED will be required to make prepayments totaling half of the net value of proceeds from asset sales (after the bank has been repaid the loan value of the assets). The amended Notes may be converted at the holders option into common shares of JED at an exercise price of $1.25 per share.
About JED
Established in September 2003, JED Oil Inc. is an oil and natural gas company that commenced operations in the second quarter of 2004 and has begun to develop and operate oil and natural gas properties principally in western Canada and the United States.
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IDGLOBAL (PINKSHEETS: IDGJ) closed at $0.06 Tuesday, trading 93,300 shares.
Company News- June 4, 2008: IDGLOBAL Confirms Breakthrough Technology to ''TAG'' Oil, Diesel and Gasoline (Anti-Counterfeiting) on the Eve of Presenting at Global Petroleum Show
IDGLOBAL (PINKSHEETS: IDGJ) announced earlier today to its shareholders that one of North Americas foremost analytical laboratories has confirmed the IDGLOBAL Nano-Molecular Marker can with absolute certainty, authenticate oil, diesel and gasoline for any of the global oil corporations. The ability to tag or mark the petroleum products for identification opens up an immediate multi-million dollar market.
In a recent report theft of crude oil, known as illegal oil bunkering, accounts for perhaps 10 percent of Nigerias daily production and is a highly organized operation. Governor Ibori has stated that as much as 300,000 bpd (or 15 percent of production) are lost because of bunkering activities.
The timing is impeccable, stated Daryl Regier, President of IDGLOBAL. The Global Petroleum Show (GPS- from June 10th 12th, 2008 in Calgary Alberta) occurs once every two years and is the largest petroleum conference and symposia in North America. It is attended by all major oil and petroleum corporations and oil services companies. We had planned our major Loss Prevention initiatives for this event - however now we can showcase our breakthrough anti-counterfeiting technologies to actually mark petroleum products with the same 100% accuracy that we guarantee with our Nano-Molecular Marker for Apparel, Automotive, Pharmaceutical, and Packaging. Our largest revenue model for our Loss Prevention division for the past two years is in Nigeria. We have already confirmed meetings with several Sub-Saharan (African) oil services companies representing global oil refining companies.
About IDGLOBAL Corp. (www.idglobalcorp.com)
IDGLOBAL provides a range of leading technologies specifically designed to provide private enterprise and governments 100% solutions to their Counterfeiting infections and Loss Prevention / Anti-Theft security programs. IDGLOBALs Nano-Molecular Markers / Tags are specifically designed for global anti-counterfeiting applications and its IDFORENSIX products provide Loss Prevention / Anti-Theft solutions for the annual $800 billion Anti-Counterfeiting and Loss Prevention markets. IDGLOBAL is a forward looking company with a robust R&D program and product development and integration program for the purpose of providing next generation Nano based and leading edge Anti-Counterfeiting products and Security solutions.
Nano-Molecular, Nano-Molecular Markers, Nano-Molecular Tags and IDFORENSIX are registered trademarks of IDGLOBAL Corp. All Rights Reserved.
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