Oilsands Quest Inc BQI was one of the top percentage gainer on AMEX. The stock augmented over 4.3% and closed near to its highest price at $0.96 on a low traded volume of 1.91 million shares. It touched an intraday high of $0.97 and an intraday low of $0.89. For full story, click here
Connacher Oil & Gas Ltd, a Canadian oil-sands producer and refiner is planning to sell stock to bolster its working capital and finance a heavy-oil project. The price of the private-placement offering wasn’t declared. For full story, click here
Ivanhoe Energy Inc. declared that its Q1 2009 Financial & Operating results with total revenues of $2.1 million and loss per share of $0.04. For full story, click here
Genoil Inc. provided an update on ongoing marketing and financing efforts on Genoil’s heavy oil and refinery residue upgrading project with Haiyitong Inc. (“HYT”) in China. For full story, click here
The stock price of UTS Energy has fallen from about $6 in July to $0.87 and the company’s market-cap is recorded at $412M. For full story, click here For UTS Energy’s website, click here
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