Gulf Coast Oil & Gas Inc. (GCOG)
Volumen kommmt da ja nun eben rein. Ist ja wie bei Gulf Coast am
Anfang von dem hammer Rebound.
Nur meine Meinung, keine Kauf-Empfehlung!
ax
mMm:
nach den mächtigen Runs der letzten Tage, gar nicht so verkehrt der heutige Rücksetzer! Was jetzt seitens der Firma kommen müsste, wären News ...
Strong Buy
Ich sage Kaufen Kaufen Kaufen.Genau wie die Rakete: XXIS Kaufen Kaufen Kaufen.GBDX Kaufen Kaufen Kaufen
GE Unit And Union Gas Invest $115 Million To Acquire East Texas and Gulf Coast Oil and Gas Reserves, Plan $29 Million More In Field Development
HOUSTON AND STAMFORD, Conn., April 1, 2008 – GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it has formed a partnership with a Union Gas Corporation subsidiary and related investors to acquire oil and gas reserves from two fields in East Texas and the Texas Gulf Coast for $115 million. GE Energy Financial Services is investing $104 million as the 90 percent limited partner. Union Gas is investing the balance as the 10 percent general partner and operator. The new alliance, Union Gas Production Partners, L.P., plans to invest an additional $29 million to develop and produce proved reserves over the next two years.
Additional financial and operational details of the transaction were not disclosed.
“Our new partnership combines the Union Gas team’s exploration and operating experience with the know-how and financial strength of GE,” said Randy Lowry, President of Union Gas Corporation. “Allying with a strong institutional partner allows us to accelerate the development of our reserves to grow our production and cash flow at reasonable costs.”
John Schaeffer, Managing Director and head of the oil and gas unit at GE Energy Financial Services, said: “This new investment demonstrates the unique value proposition of our monetization and development partnership, an excellent growth opportunity for Union and GE Energy Financial Services. Combining Union’s expertise in the complete oil and gas development cycle and GE Energy Financial Services’ industry knowledge and commitment should create strong operating results enhanced by attractive related drilling projects.”
Since 1991, the Oil and Gas unit’s 16 professionals have provided $3 billion in partnership equity for its independent private and public oil and gas partner-operators in the United States. Based in Stamford, Connecticut -- with offices in Houston, Texas and Denver, Colorado -- the Oil and Gas unit is active in all major onshore basins and shallow water Gulf of Mexico. Its 22 partnership investments produce an estimated 88 million cubic feet of natural gas and 9,400 barrels of oil daily.
About Union Gas Corporation
Union Gas Corporation, based in Houston, Texas, is an independent oil & gas company that was founded in 1995. It has successfully identified and developed seven fields on the Texas Gulf Coast. Through its partnerships, it has managed the complete cycle of oil and gas properties, from the generation of 3-D seismic evaluation, identification of prospects, drilling, operation of the wells, reinvestment and divestiture.
About GE Energy Financial Services
GE Energy Financial Services’ 350 experts invest globally with a long-term view, backed by the best of GE's technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $17 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $5 billion annually in two of the world’s most capital-intensive industries, energy and water. More information: http://www.geenergyfinancialservices.com.
About GE
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing and media content, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com.
http://www.genewscenter.com/content/...sp?ReleaseID=3329&NewsAreaID=2
TORONTO--(Marketwire - May 14, 2008) - BellwetherReport.com is the leading online financial newsletter for investors seeking top independent and unbiased research. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports. Today, we have once again scheduled interviews with a number of the top analysts in North America to get an update feedback from them regarding the current market activity and position of Gulf Coast Oil & Gas (OTCBB: GCOG), Gemini Explorations (OTCBB: GXPI), China Architectural Engineering Inc. (AMEX: RCH) and American Apparel Inc. (AMEX: APP).
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Contact:
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Scroll down read english part!!!! KABOOOOOOMMMMM
http://aeiou.expresso.pt/...p=stories&op=view&fokey=ex.stories/259415
Lisbon - A source from Galp Energia said today that Galp Energia will launch a takeover to Gulf Coast Oil & Gas Inc .
Galp Energia, will notifie next monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of Gulf Coast Oil & Gas Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
Galp Energia will launch a takeover bid for Gulf Coast Oil & Gas Inc with the payment of $0.05 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.075 USD for each share of the company.
About Galp :
Galp Energia SGPS, S.A.. The Group's principal activities are the exploration and production of hydrocarbons, the refining and marketing of refined petroleum products and LPG, the supply and distribution of natural gas and the supply of electric power. The E&P activity is present in Angola and Brazil, where the Group owns 6 and 54 blocks. The refining and marketing segment manages two refineries in Portugal and the retail network. At 31/12/2006 the Group had 1,060 service stations, of which 837 in Portugal and 223 in Spain.
Tiago Villas-Boas
Director de Relações com Investidores e Comunicação Externa
Telefone: 217 240 866
Fax: 217 242 965
e-mail: investor.relations@galpenergia.com
ACT OF 1934.
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007
http://www.sec.gov/Archives/edgar/data/1108943/...08-000517-index.htm
...also "alte" Zahlen - ohne die z.Z. vorliegenden "neuen" Fakten...
ax
Hier schreiben die User unisono von einer Fälschung des
angeblichen Übernahmeangebots für GCOG von einer Firma aus
Lissabon ausgegangen, vermutlich durch Hacker lanciert.
Ansonsten gehe ich davon aus das der Run erstmal vorbei
zu sein scheint.