latest news releases from the newsroom
Baseline Oil & Gas
Baseline Oil & Gas Completes Acquisition of North Texas Producing Properties
HOUSTON, April 18, 2007 (PRIME NEWSWIRE) -- Baseline Oil & Gas Corp. ("Baseline" or the "Company") (OTCBB:BOGA) announced today that it had completed a $32 million financing in conjunction with the closing of the acquisition of operated producing oil and natural gas properties located in Stephens County, Texas for total consideration of $28.6 million. The acquisition adds 3.6 MMboe of independently engineered proved reserves, of which 2.5 MMboe is proved producing. SEC present value (PV10) totals $49.9 million, while proved producing PV10 is $30.2 million. The proved producing component provides immediate cash flow, as well as meaningful upside via the further development of our acreage.
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc. Declares Dividend
NEW YORK, April 18, 2007 (PRIME NEWSWIRE) -- Eagle Bulk Shipping Inc. today announced that its Board of Directors has declared a cash dividend on its common stock for the first quarter of 2007 of $0.50 per share, payable on or about May 3, 2007, to all shareholders of record as of April 30, 2007.
Chemical Financial Corporation
Chemical Financial Corporation Declares 2007 Second Quarter Cash Dividend
MIDLAND, Mich., April 18, 2007 (PRIME NEWSWIRE) -- Chemical Financial Corporation's (Nasdaq:CHFC) Board of Directors is pleased to announce that on April 17, 2007, the Board declared a quarterly cash dividend of $0.285 per share of common stock payable on Friday, June 15, 2007, to shareholders of record on June 1, 2007. The ex-dividend date is May 30, 2007.
Delta Air Lines, Inc.
Delta Builds On Success in Tel Aviv With New Nonstop Service From New York
NEW YORK, April 18, 2007 (PRIME NEWSWIRE) -- Delta Air Lines -- America's fastest growing international airline -- will offer customers a second daily nonstop flight between the United States and Israel with service between New York's John F. Kennedy International Airport and Tel Aviv, effective March 10, 2008*. The new flight builds on Delta's successful launch of nonstop flights between Atlanta and Tel Aviv in 2006 and will position Delta as the only U.S. airline to offer customers nonstop service from two U.S. gateways to Israel.