latest news releases from the newsroom
Legacy Reserves LP
Legacy Reserves LP Closes Acquisition and Enters Into Oil and Natural Gas Swaps
MIDLAND, Texas, Nov. 27, 2007 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced it has closed an acquisition of nine operated producing wells in the Permian Basin from a major oil company for $5.2 million, bringing its total closed acquisitions during the month of November to $15.3 million of cash purchases. The four acquisitions that Legacy has closed in November aggregate 232 Boe/d of net production, with internally estimated proved reserves of approximately 1.07 million Boe's, of which 94.5% is classified as proved developed producing. Legacy previously discussed $10 million of these acquisitions on its earnings call on November 8, 2007. Legacy has closed 14 acquisitions year to date 2007 for an aggregate purchase price of approximately $193.5 million.
Eurand Completes Bioavailability Study of Zentase
PHILADELPHIA, Nov. 27, 2007 (PRIME NEWSWIRE) -- Eurand N.V. (Nasdaq:EURX) announced today the completion of a gastrointestinal (GI) bioavailability study on Zentase(tm) (EUR-1008), the Company's lead product candidate for the treatment of exocrine pancreatic insufficiency (EPI). The study was conducted in chronic pancreatitis patients in the U.S.
FuelCell Energy, Inc.
FuelCell Energy Completes Sale to The Linde Group of 3.9 Megawatts of Power Plants for Renewable Distributed Generation
DANBURY, Conn., Nov. 27, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency, ultra-clean power plants for commercial, industrial, municipal and utility customers, today announced the sale of 3.9 megawatts (MW) of power plants to The Linde Group, a world-leading gases and engineering company. Linde will install four power plants at various customer locations in the San Diego area which will utilize purified biogas from the Point Loma Wastewater Treatment Plant (PLWTP) as the primary fuel source. The four power plants include three 1.2 megawatt (MW) plants and one 300 kilowatt (kW) plant.
Aztec Oil & Gas, Inc.
Aztec Oil & Gas Announces Another New Drilling Partnership
HOUSTON, Nov. 27, 2007 (PRIME NEWSWIRE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced that the Company has recently completed funding of its second drilling partnership under its extended 2006 Drilling Program which is now concluded. The second partnership under the 2006 Program, Aztec 2006B Limited Partnership, was closed as planned with approximately 15 outside "accredited" investors and slightly in excess of $1 million of funding. The new drilling partnership, focused in the Tyler County area of West Virginia, has already drilled two new wells in the partnership with fracing and completion of said wells scheduled in approximately two weeks. Downhole logs indicate that both wells will be good producers with substantial reserves. It is anticipated that production into pipeline from both wells will begin sometime in December 2007.
STEC CEO to Close NASDAQ Stock Market Trading Session Following Company's November 29 Analyst Day
SANTA ANA, Calif., Nov. 27, 2007 (PRIME NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) announced today that Manouch Moshayedi, chairman and CEO, will ring the closing bell signaling the close of market trading on Thursday, November 29, 2007. The closing ceremony may be viewed via NASDAQ's MarketSite webcam by launching this link, http://www.nasdaq.com/about/marketsitetowervideo.asx 3:50 p.m., E.T. The ceremony is live, not archived.