Our Stocks to Watch today include Gulf Resources, Inc. (OTCBB: GFRE), EGPI Firecreek, Inc. (OTCBB: EFCR), Cotton & Western Mining, Inc. (OTC: CWRM), Ethos Environmental, Inc. (OTCBB: ETEV)
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GULF RESOURCES INCORPORATED (OTCBB: GFRE)
"Up 7.17% in morning trading (on heavy volume)"
Detailed Quote: http://www.otcpicks.com/quotes/GFRE.php
Gulf Resources, Inc., through its subsidiaries, offers chemical products in China. Its subsidiary, Shouguang City Haoyuan Chemical Company Limited (SCHC), manufactures and trades in bromine and crude salt, which are utilized in the manufacture of various industrial compounds and products. Elemental bromine is used in the manufacture of various bromine compounds used in industry and agriculture. Bromine, a halogen element, is also used in the manufacture of fumigants, brominated flame-retardants, water purification compounds, dyes, medicines, sanitizers, and inorganic bromides for photography. The company's other subsidiary, Shouguang Yuxin Chemical Industry Company Limited (SYCI), produces and sells chemical products that are used in oil and gas field explorations, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemicals. In addition, it engages in the research and development of commonly used chemical products, as well as medicine intermediates. The company was founded in 2005 and is headquartered in Shouguang City, China.
GFRE News:
January 7 - Gulf Resources, Inc. Subsidiary to Commercialize New Environmentally Friendly Oil Fluid System
New fluid system recognized by all three of China's major oil groups; Purchase Letter of Intents Signed
Gulf Resources, Inc. (OTCBB: GFRE), a leading Bromine producer in the People's Republic of China (the "PRC"), announced that its wholly owned subsidiary, Shouguang Yu Xin Chemical Industry Co., Ltd. (SYCI), a specialty chemical manufacturer, has successfully developed and is ready to commercialize in April, 2008, a new type of environmentally friendly oil field drilling fluid system. The company has filed a patent for this proprietary product.
The new product includes a polyol drilling fluid system and polyatomic alcohol drilling fluid system. Because of their environmental friendly characteristics, these systems are widely used under all circumstances, both in land and sea operations. The system also has unique advantages in protecting oil and gas formation, preventing collapse and lubricating. Compared with other drilling fluids, the system is not only environmentally friendly but also enables low-density drilling. The system provides timely detection of oil and gas formation, strengthens the clay particles on the wall to provide stability which prevents the collapse of the reservoir and also lubricates the drilling wall. The system has been successfully recognized by China's three major oil groups, Sinopec, CNOOC and CNPC, which is necessary to receive orders. Letters of intent to purchase this product has been signed with CNPC's subsidiaries, the Tarim Oilfield and CNPC Sichuan Petroleum with initial delivery to occur in May. Currently, the market for this product is estimated by the Company at 30,000 tons with a current selling price of $1,512 ($11,000 RMB) per ton creating a $45 million market. Initial SYCI production capacity is expected to be 3,000 to 5,000 tons annually.
"We are pleased to announce that Shouguang Yu Xin's new environmental friendly oil drilling fluid system is ready for commercialization. We are leveraging our Company's development capabilities for new product introductions to our installed customer base, which we expect to further strengthen our market position in the oilfield chemical industry. This has laid a solid foundation for us to enter major domestic oil fields in the future, creating another significant growth opportunity for our shareholders," commented Gulf Resources, Inc. CEO, Mr. Yang Ming.
EGPI FIRECREEK INCORPORATED (OTCBB: EFCR)
"Up 105.71% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EFCR.php
EGPI Firecreek, Inc., through its subsidiary, Firecreek Petroleum, Inc., engages in the exploration, development, and exploitation of crude oil and natural gas primarily in the United States. It also focuses on the development of proved oil and gas projects in Russia, Romania, and Kazakhstan. The company holds a 50% undivided non-operating interest in Ten Mile Draw project, which is located in Sweetwater County, Wyoming. As of January 1, 2007, it had total gross proved reserves of 2,600,056 thousand cubic feet of natural gas. The company has a strategic alliance with Sahara Group, Inc. EGPI Firecreek was founded in 1995 and is headquartered in Scottsdale, Arizona.
EFCR News:
January 7 - EGPI/Firecreek, Inc. Announces $2.1 Million Financing for First Quarter Oil & Gas Development Plans
Financing to Provide for Company's Continued Growth and Structuring Expansion in 2008
EGPI Firecreek, Inc. (OTCBB: EFCR) and its wholly-owned subsidiary, Firecreek Petroleum, Inc. are pleased to announce that it has completed the sale of its Debentures for $2.1 million dollars to initiate the commencement of its oil and gas development plans for the first quarter 2008.
The financing will aid in the anticipated restructuring of the Company’s operations, proposed acquisitions and corresponding work programs for new and existing oil and gas programs.
As part of EGPI’s restructuring plan, the Company has approved a provision that will allow for the election of up to 5 new members to the Board of Directors. These individuals will consist of industry and finance professionals, and will give the Company an increased breadth of knowledge and credibility in the Oil and Gas industry.
Additionally, as part of the negotiating for its recently completed financing, the Company has successfully completed a wrap up and closure on all equity line sales through its prior financing arrangements. This wrap up is crucial in the Company’s commitment to bring value to the shareholders by providing better terms in its current financing commitments and by restructuring any prior funding commitments so as to not suffer any potential dilutive effects, in the form of creating stock into the market by drawing from an equity line. The Company is confident that the closing of the equity line will now give the Company and its stock the potential to trade in parity with the Company’s current events and future news releases.
Dennis Alexander, the Company’s Chairman and CEO, stated, “We are extremely excited about the future outlook for EGPI/Firecreek. A tremendous effort has taken place in an effort to initiate our plans for Fiscal 2008 and the Company’s long term future. We are now aggressively taking steps in an effort to build on the Company’s domestic growth for oil and gas revenues and cash flow.” Mr. Alexander also stated, “We also look forward to introducing the addition of our new Board members and working side by side with capable individuals who will bring knowledge, capacity and competent assistance in the vision, development and implementation of the Company’s current and future business plans.”
EGPI Firecreek, Inc. continues review for potential leases, interests and opportunities which are located throughout the U.S. and its surrounding regions. The Company is working on various financial opportunities for the funding of potential project acquisitions and the respective capital expenditure requirements for each.
COTTON & WESTERN MINING (OTC: CWRM)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CWRM.php
Cotton & Western Mining, Inc. aims to provide the targeted Asia Pacific Steel Manufacturing Sector as the primary export destination of our crude iron ore products, for classifications of “Concentrated Fines” (0.15 ~10mm size) for Mini Mills (those using electric blast furnaces) and Lump Ore (25~40mm size) for fully integrated steel mills; the secondary markets are North America and the European Union. CWRM seeks to generate significant increases in sales revenues in each operating quarter of year 2008 and 2009, beginning with our first shipment of crude iron ore fines scheduled for the second quarter of year 2008. Highlights of CWRM are the gross margin and sales revenue for twelve months forward beginning in year 2008. Finish product off-take agreements are in the first stage negotiation and final contract execution shall depend upon the operational status of our start-up target mine.
CWRM News:
January 7 - Cotton & Western Mining, Inc. – CWRM Receives $10,000,000.00 Commitment From Asian Group
Cotton & Western Mining, Inc. (OTC: CWRM) announced that the company has received a $10,000,000.00 financial commitment from an Asian Group for the development of the company's Baja California Iron Mining Project; subject to finalization of the geological reevaluation scheduled to begin in January or February 2008.
For reasons of confidentiality, the group's name is being withheld for the time being and will be announced in a later news release.
CWRM recently acquired three (3) mixed magnetite and hematite iron mineral deposits, located in Baja California, Mexico. Outcrop chemical analysis has revealed the iron minerals to be of commercial grade suitable for concentrated fines in sizes 0.15 through 10 millimeters. Diamond bit core drilling and mine development planning are scheduled to begin in the first quarter 2008.
Photographs of the new mineral rights concessions, designated as Baja Pacific No. 4, 5 and 6 can be viewed at the company's website: http://www.cottonwestern.com/ under Photo Gallery. The surface of the mineral deposits contains many visual magnetite and hematite outcrops that are easily distinguished in the pictures. A magnet is shown attached to many of the outcrops verifying that the minerals are iron magnetite, gray in color or grayish/red in color where the iron minerals are mixed Magnetite/Hematite.
ETHOS ENVIRONMENTAL INCORPORATED NEW (OTCBB: ETEV)
"Up 35.71% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ETEV.php
Ethos Environmental, Inc. engages in the manufacture and distribution of fuel reformulating products. It offers a line of fuel reformulators under the name Ethos FR, which contain a blend of low and high molecular weight esters that add cleaning and lubricating qualities to various fuels or motor oil. The company's products reduce the emissions of hydrocarbons, nitrogen oxides, and carbon monoxide, as well as particulate matter, especially in diesel-powered engines. It sells its products to the users of cars, trucks, and vessels primarily in the United States, Latin America, and Asia. The company was founded in 2000 and is based in San Diego, California.
ETEV News:
January 7 - Ethos Bunker Fuel Conditioner Radically Reduces Carbon Monoxide in PetroEcuador Testing
Product from Ethos Environmental Lowers Carbon Monoxide by More Than 50 Percent
Ethos Environmental, Inc., (OTCBB: ETEV) announced that recent testing performed at PetroEcuador's Esmeraldas refinery has resulted in a more than 50 percent reduction in carbon monoxide emissions with the use of Ethos Environmental's Bunker Fuel Conditioner.
Testing was conducted and monitored by the Center for Technical and Technological Environmental Services, an independent testing agency. The analysis of the testing data complied with approved international standards.
The testing protocol consisted of the addition of Ethos Bunker Fuel Conditioner to the heavy fuel oil powering PetroEcuador's electrical generation plant at Esmeraldas. Lab reports concluded that Ethos Bunker Fuel Conditioner reduced carbon monoxide emissions from the power generation process by more than 50 percent; reductions in other toxic emissions, including a 6.94% reduction in nitros oxide (NOx), also occurred. Furthermore, use of the Ethos Bunker Fuel Conditioner improved the plant's fuel efficiency, requiring less fuel to generate the normal amount of energy.
Ethos CEO Enrique de Vilmorin, expressing pleasure with the PetroEcuador test results, stated, "[w]e're all very impressed with the results from the Esmeraldas protocol testing. I'll be returning to Ecuador in February - to complete some 2007 business, and also to sign supply contracts covering 2008 and 2009."
During 2007, Ethos sales to PetroEcuador and Petro-Industrial exceeded $9 million. Ethos anticipates continued usage of its products by PetroEcuador and Petro-Industrial during the immediate future and beyond.
PetroEcuador, the state-run oil company of Ecuador, has managed the exploration, commercialization and transportation of Ecuador's petroleum resources for more than 25 years. Each month Petro-Industrial - the power generating division of PetroEcuador - consumes 16,000,000 gallons of Heavy Fuel Oil No. 6, with annual revenues exceeding $6 billion.
By significantly reducing carbon monoxide emissions, Ethos Bunker Fuel Conditioner provides a valuable pro-environment solution for industries dependent on heavy fuel oil. When added in proper concentration, the components of Ethos Bunker Fuel Conditioner improve fuel stability and also increase engine performance by cleaning and maintaining the entire fuel system.
Like the Esmeraldas power generation plant, ships burning heavy fuel oil can also benefit from the use of Ethos Bunker Fuel Conditioner. The international marine shipping fleet is a major contributor to the world's greenhouse gas emissions, as recently reported in the Wall Street Journal (Danger at Sea: Ships Draw Fire for Rising Role in Air Pollution, Nov 27, 2007). With the use of Ethos Bunker Fuel Conditioner, the potential exists for significantly reducing these emissions.
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