latest news releases from the newsroom
Applied Micro Circuits Corporation
Applied Micro Circuits Corporation Granted Stay of December 21, 2006 Filing Deadline
SUNNYVALE, Calif., Dec. 21, 2006 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq:AMCC) today announced that the Company was informed by The Nasdaq Global Select Market that the Nasdaq Listing and Hearing Council (the "Listing Council") has stayed the delisting of the Company's securities pending further review by the Listing Council. No date has been set for the review. The Company may submit in writing additional information for the Listing Council's consideration by January 3, 2007.
Baseline Oil & Gas
Baseline Oil & Gas Announces Strategic Acquisition
SAN ANTONIO, Dec. 21, 2006 (PRIME NEWSWIRE) -- Baseline Oil & Gas Corp. (OTCBB:BOGA), an independent oil and gas exploration and development company, announced today that it has entered into a definitive Purchase and Sale Agreement with a private company and individuals to acquire certain oil and natural gas properties in the Eliasville Field (also referred to as the Stephens County Regular Field) located in Stephens County, Texas, some 90 miles west of Fort Worth, for total consideration of $28 million. The Eliasville Field, discovered in the 1920s, produces oil from the Caddo Lime at a depth of approximately 3,300 feet. The field currently produces 660 B/d of oil and 100 Mcf/d of natural gas, resulting in 550 Boe/d of net production, with an average Net Revenue Interest ("NRI") of 81%.
Budget Waste Inc.
Budget Waste Inc. Signs Letter of Intent With Oilfield Services Company
CALGARY, Alberta, Dec. 21, 2006 (PRIME NEWSWIRE) -- Budget Waste Inc. (Pink Sheets:BDGW) signs letter of intent with 4M Water Hauling Ltd. a premier oilfield services company. Providing water hauling services for Alberta's oilfield industry for over 7 years, 4M has established itself as one of the leading oilfield services companies in Alberta. According to Mike Kolankowski, BWI's VP Strategic Direction, "This move will strengthen BWI's presence in Alberta's booming oilfield sector." 4M offers road spraying services, parking lot washing, fire fighting equipment, and potable and fresh water services to the oilfield forestry and mining sectors.
Seadrill Secures New Tender Rig Contract in Indonesia
HAMILTON, Bermuda, Dec. 21, 2006 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by ConocoPhillips for development drilling in Indonesia. The contract has a duration of three years with commencement scheduled for the fourth quarter 2008/first quarter 2009. Estimated contract value is approximately US$178 million. Seadrill has the option to use either West Berani or West Setia for this assignment.
Tapiola Asset Management Ltd Selects SimCorp Dimension
COPENHAGEN, Denmark, Dec. 21, 2006 (PRIME NEWSWIRE) -- Tapiola Asset Management Ltd, the 5th largest asset manager in Finland, has chosen SimCorp Dimension as their future asset management platform. Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management Ltd into Tapiola Fund Management Company Ltd, which now has approximately EUR 5.1bn assets under management.
Metso Shares Subscribed With 2003A Stock Options
HELSINKI, Finland, Dec. 21, 2006 (PRIME NEWSWIRE) -- A total of 65,000 shares in Metso Corporation have been subscribed for with the 2003A stock options during a period of December 7-11, 2006. The nominal value of one share is EUR 1.70. As a result of share subscriptions, the increase in the share capital, EUR 110,500 has been entered into the Trade Register on December 21, 2006. After this increase, the company's share capital is EUR 240,923,343.80 and the total number of shares is 141,719,614. Out of this total, Metso holds 360,841 shares.
Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against TOP Tankers, Inc. -- TOPT
NEW YORK, Dec. 20, 2006 (PRIME NEWSWIRE) -- Notice is hereby given that a class action lawsuit was commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of TOP Tankers, Inc. ("TOP Tankers" or the "Company") (Nasdaq:TOPT) securities between June 28, 2005 and November 28, 2006, inclusive (the "Class Period"). A copy of the complaint filed in this action can be viewed on the firm's website at www.faruqilaw.com
Lincoln Bancorp Announces Dividend
PLAINFIELD, Ind., Dec. 20, 2006 (PRIME NEWSWIRE) -- Lincoln Bancorp (Nasdaq:LNCB), the holding company of Lincoln Bank, announced today that the Board of Directors of Lincoln Bancorp declared a cash dividend of $.14 on each share of its Common Stock for the fourth quarter ending December 31, 2006. The dividend is payable January 15, 2007 to holders of record on December 29, 2006.