Austin, TX 12/13/2007 11:38:16 PM
Speak with other shareholders about: (OTCBB: CPPXF), (OTC: WGIH), (OTCBB: TRNP), (OTC: AUCI)
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CONTINENTL ENERGY CORPORATION (OTCBB: CPPXF) "Up 70.00% on Wednesday"
Continental Energy Corporation, together with its subsidiaries, engages in the exploration and development of oil and gas properties in Indonesia. It owns interest in the Bengara-II Block covering an area of approximately 2,427 square kilometers located in East Kalimantan, Indonesia. The company was founded in 1984. It was formerly known as Intl. Focus Res., Inc. and changed its name to Continental Copper Corporation in 1996. Further, the company changed its name to Continental Energy Corporation in 1997. The company is headquartered in Dallas, Texas.
CPPXF News:
December 12 - Continental Energy Completes Bengara-II 2007 Drilling
Continental Energy Corporation (OTCBB: CPPXF) advised that its 18% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. ("CGB2") has completed its 2007 drilling program in the Bengara-II block East Kalimantan, Indonesia.
Drilling of the Punga-1 has been completed at a total depth of 2,500 meters. The well has been logged and casing has been set. A testing program is also now planned for Punga-1 to evaluate zones with oil and gas shows.
The company's previous production testing of several zones in the Seberaba-1 was hampered by formation damage caused by invasive drilling fluids. The company is evaluating techniques and options for mitigating the effects of similar formation damage in the testing programs planned for Seberaba-3 and Punga-1. Production testing of Seberaba-3 and Punga-1 will commence later this month upon arrival of additional testing and stimulation equipment and materials ordered for this purpose and should be completed in early 2008.
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WGI HOLDINGS (OTC: WGIH) "Up 66.67% on Wednesday"
WGI Holdings, Inc. is a publicly traded, independent oil and gas company headquartered in Houston, Texas - the Oil & Gas Capital of the World. The company is now under new management and is focused on maximizing shareholder value by executing on the following strategy: Building a diversified portfolio of significant oil and gas assets in Texas, Oklahoma, Kansas & Louisiana, through a proven selection process which must meet the high standards of our management team. Management has been successful in identifying underperforming oil and gas properties, evaluating their potential and implementing a strategy which will significantly increase the assets' value. Our approach has been carefully crafted to mitigate risk while enhancing asset valule and subsequently shareholder returns. WGI Holdings, Inc. financial structure allows it to minimize the high overhead of traditional E&P companies.
WGIH News:
December 12 - WGI Holdings, Inc. Announces Participation in Sooner Trend Oklahoma Well
WGI Holdings, Inc. (OTC: WGIH), a U.S.-based independent oil and gas company, announced it has negotiated with Monarch Resources to participate in the Goffman #1 Well in Garfield County, Oklahoma.
Potential production of both gas and oil at today's energy prices makes this opportunity a perfect fit for WGI Holdings' strategy of building a low risk portfolio of oil and gas assets one well at a time, creating cash flow for the company while mitigating risk through recompleting wells in well established production areas that have extensive infrastructure of gas sales lines to get product to market immediately.
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TURNAROUND PARTNERS (OTCBB: TRNP) "Up 57.14% on Wednesday"
Turnaround Partners, Inc., through its wholly owned subsidiary, Corporate Strategies, Inc., provides business restructuring, turnaround execution, and business development advisory services for emerging and re-emerging public and private companies. It provides strategic consulting services, including general business development, mergers, acquisitions, management advisory, and restructuring services. The company markets its services to individual public companies, hedge funds, institutional investors, and banks. In addition, Turnaround Partners, through its wholly owned subsidiary, Kipling Holdings, Inc., owns a 35% limited partnership interest in a partnership that owns a Hilton hotel in West Palm Beach, Florida. The company was formerly known as Emerge Capital Corp. and changed its name to Turnaround Partners, Inc. in 2006. Turnaround Partners is headquartered in Houston, Texas.
TRNP News:
December 12 - Turnaround Partners Receives $3.4 Million Capital Infusion
Effective as of the Closing Date, Tim Connolly resigned as Vice Chairman of the Board and as President and Chief Executive Officer of the Company, however Mr. Connolly shall continue to serve as President and Chief Executive Officer of Corporate Strategies, Inc., a Texas corporation and wholly-owned subsidiary of the Company ("CSI") with the understanding that the business of CSI will be discontinued or spun off to its shareholders. In addition, Mr. Connolly shall continue to receive the same compensation as he has received through the Closing Date for his aforementioned continued services to CSI through December 31, 2008, which such date may be extended by mutual agreement by and among the parties to the Purchase Agreement.
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AUCTIONS INTERNATIONAL (OTC: AUCI) "Up 38.46% on Wednesday"
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. For more information, visit www.AuctionsIR.com and www.AutoBidLive.com.
AUCI News:
December 11 - Auctions International CEO Comments on Market Activity of its Stock
Auctions International Inc. (OTC: AUCI), a technology company that owns and markets proprietary software to enable real time online auctions of virtually any product or commodity for use by the wholesale market, issued a statement from President and CEO Doug Mann regarding yesterday's volume and price change in its common stock, "No material changes in the Company or management would warrant an increase in trading volume or the sudden drop in share price that occurred on December 10th."
Mann explains, "The selling pressure may have been caused by a confusion between our Company and Auctioncities.com, with whom we have no affiliation. Coincidentally, Auctioncities.com is also in the auctions business and trades on the pink sheets under the stock symbol AUCC, just one letter off from ours. Auctioncities.com indicated it would effect a 1-for-1000 reverse split on otcbb.com yesterday, and that this split would be effective today. We want to clarify we are unrelated companies to those who may have mistaken us for this company.
"Management would like to ensure shareholders that Auctions International Inc. is moving in a very positive direction. With our technology model, AUCI lets people sell, buy and advertise in real-time to close transactions quickly to take advantage of economic conditions, particularly the strong Canadian dollar, which is opening up new business opportunities in the U.S. Auctions International has completed extensive dealer testing of AutoBidLive and is now ready to take every dealer in North America live on the system. 2007 marked our entry into the commercialization phase of our technology platform, and management is very optimistic that 2008 will be a tremendous year of growth and increased shareholder value."
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