Thursday, May 21, 2009

May 21 2009

Falkland Ltd (FOGL.L: said it raised about 7.6 million pounds ($11.8 million) to fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011.

The AIM-listed oil and gas explorer said it issued about 10.4 million new shares to certain directors and institutional investors at 73 pence apiece, representing a 19 percent discount to the shares’ closing price of 90 cents on Tuesday.

OTC.BB: SLAT should make a nice move today.

Adventure Energy. (OTC:BB ADVE) Expect some volume today and maybe a good trade.

Adventure Energy Inc. to Retain Consulting Firm to Prepare Reserves Report

Adventure Energy Inc. (OTCBB:ADVE), an energy exploration company with operations in the Appalachian Basin, announced today that the Company is interviewing petroleum consultants to conduct an evaluation of Adventure Energy's oil and gas properties.

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