Gemini Corporation revealed its financial results for the fiscal year ended December 31, 2008. The revenue growth realized was attributable to the heavy oil industry projects executed by the Field Services segment prior to activity levels declining significantly in the fourth quarter. Carl Johnson, Gemini’s President and CEO stated: The booming economic conditions we were [...]
Nautical Petroleum said although heavy oil was more expensive to produce than conventional resources, the company is not much concerned about falling oil prices. Steve Jenkins, chief executive, Nautical Petroleum said: Nautical’s progress over the past 12 months has resulted in the creation of a solid asset platform from which production and revenue are now [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Greencastle Resources Ltd. is pleased to report on the Company’s Q2 operating results and activities. Anthony Roodenburg, CEO, stated: There has never been a better time to sell heavy oil and our discovery at Primate continues to provide shareholders with a solid financial foundation. Greencastle management continues to work to protect and grow the Company’s [...]
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