latest news releases from the newsroom
Lundin Petroleum AB
DISCOVERY - EXPLORATION WELL PL 292, OFFSHORE NORWAY
The exploration well 15/12-19 encountered oil and gas in sandstones of Jurassic
and Triassic/lower Jurassic age (Sleipner and Skagerak formation,
respectively). An extensive data acquisition program has been carried out,
including production testing at rates up to approximately 4,700 barrels of oil
per day (boepd) from the oil zone. Preliminary estimates of gross recoverable
reserves from Pi North and Pi South range from 19 to 32 million barrels of oil
equivalent (mmboe). The well results and re
LGL Group, Inc.
The LGL Group, Inc. Reports Results for 2007
ORLANDO, Fla., May 13, 2008 (PRIME NEWSWIRE) -- The LGL Group, Inc. (AMEX:LGL) (the "Company"), today announced results for the year ended December 31, 2007. Total revenues for the year ended December 31, 2007 were $39,536,000, a decrease of 4.8% from the year ended December 31, 2006. Loss from continuing operations for the year ended December 31, 2007 was $555,000 compared to income from continuing operations of $2,946,000. Included in the 2007 loss from continuing operations was an impairment loss on Lynch Systems' assets of $905,000. There was a net loss of $2,554,000, or ($1.18) per share, in 2007 compared with a restated net income of $956,000, or $0.44 per share, in 2006.
FortuNet Announces Earnings Call for the Quarter Ended March 31, 2008
LAS VEGAS, May 13, 2008 (PRIME NEWSWIRE) -- FortuNet, Inc. (the "Company") (Nasdaq:FNET) today filed with the Securities and Exchange Commission its quarterly report on Form 10-Q for the quarter ended March 31, 2008 and announced that it will conduct a conference call to discuss these results on May 15, 2008 at 1:00 P.M., Pacific Standard Time. To participate in the conference call, please dial 1-866-296-6505 and enter the authorization number 5437787.