latest news releases from the newsroom
Surge Global Energy, Inc.
Surge Global Energy Announces Completion of Winter Drilling Program on Its Red Earth Properties
SAN DIEGO, April 18, 2007 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) ("Surge" or the "Company") today announced that the winter drilling program on its Red Earth properties in north central Alberta has been finalized with the completion of two stratigraphic wells. Surge, through its wholly owned operating subsidiary Cold Flow Energy, ULC, owns an undivided 30% working interest in 86,400 acres (net 25,920 acres) of oil sands leases in the Red Earth area of Alberta, consisting of four major contiguous blocks located in close proximity to existing services and infrastructure. Nine wells have now been drilled and cored on the properties. The data collected from the latest two wells, together with the data from the 7 wells cored in late 2006, is being evaluated to complete a resource characterization assessment of the properties, which will be used to plan and develop a capital expenditure program for the rest of 2007 and 2008. Surge anticipates providing more information about the planned capital expenditure program for its Red Earth properties in late May 2007.
Moody's Investors Service Announces Upgrade of GenTek Inc.'s Credit Rating
PARSIPPANY, N.J., April 18, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) announced today that Moody's Investors Service has upgraded the company's corporate family rating to B1 from B2, the company's first lien term loan to Ba3 from B1, and the company's $60 million revolving credit facility to Ba3 from B1. These actions conclude the review commenced on February 15, 2007.
ADVA Optical Networking
ADVA Optical Networking Joins Great Plains Network
MAHWAH, N.J., TOPEKA, Kan. and MUNICH, Germany, April 18, 2007 (PRIME NEWSWIRE) -- ADVA Optical Networking today announced it is the first corporate member admitted to the Great Plains Network consortium of universities located in the Midwestern United States. Member universities are dedicated to supporting research and education through the use of advanced networking technology. Affiliated states include Arkansas, Kansas, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.