California Gold Corp. (OTC BB: CLGL) reached up 66% in morning trading to $.083 with 900K shares traded. California Gold Corp. is an early stage U.S. public company pursuing a mineral exploration strategy in the metals mining sector in the Americas, with an initial focus on identifying and acquiring rare and precious metals mining opportunities for development and production. California Gold Corp. (OTC BB: CLGL) Friday announced it is scheduling an April 2012 start for an exploration drilling program at the Company's AuroTellurio Project, located in the La Bambolla gold-tellurium mining district near Moctezuma, Sonora, Mexico, near the northern city of Hermosillo. Six core holes will be drilled as part of this initial drilling program involving a total of 3,000 meters of diamond drilling. Geologic work, supplemented by two geophysical surveys, has delineated three drilling targets within California Gold's mining concessions.
American Petro-Hunter, Inc. (OTCBB: AAPH) reached up 14.29% in morning trading to $.40 with 900K shares traded. American Petro-Hunter, Inc. is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and at its North Oklahoma Project area. American Petro-Hunter, Inc. (OTC.BB: AAPH.OB - News) announced that the NOM-3H horizontal oil and gas well has begun commercial oil and gas sales. The well has shipped an inaugural 1,000 barrels following the first weeks of production.
Ampio Pharmaceuticals, Inc. (Nasdaq: AMPE) reached up 34.54% in morning trading to $3.61 with 650K shares traded. Ampio Pharmaceuticals, Inc. develops innovative proprietary drugs for inflammation, eye disease, kidney disease, CNS disease, metabolic disease and male sexual dysfunction. The product pipeline includes new uses for previously approved drugs and new molecular entities ("NMEs"). By concentrating on development of new uses for previously approved drugs, approval timelines, costs and risk of clinical failure are reduced because these drugs have strong potential to be safe and effective while their shorter development times can significantly increase near term value. A key strategy includes actively exploring partnership, licensing and other collaboration opportunities to maximize Ampio's product development programs. Ampio Pharmaceuticals, Inc. (Nasdaq: AMPE - News) today announced that it completed the planned interim review of the first 50% of patients enrolled in the Optina™ trial for diabetic macular edema.
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