Fortune Oil & Gas, Inc. (PINK:FOGC) reached up 25% in morning trading to $.05 with 1M shares traded. Fortune Oil & Gas, Inc., through its subsidiaries, operates as an independent energy company. Fortune Oil & Gas, Inc. (PINK SHEETS:FOGC - News) announced Friday afternoon that a deal to acquire Cressent Energy from King Resources, Inc. (PINK SHEETS:KING - News) will close shortly. Cressent anticipates producing up to 200 barrels of oil a day by the end of the year after reopening almost three dozen Texas oil wells. With oil prices hovering around $100 per barrel, it's looking at pumping approximately $20,000 worth of oil to the surface each day. That translates to about $7 million annually if everything goes as anticipated. Cressent has all of the equipment necessary to operate these relatively shallow oil wells, and it won't need to spend additional funds to acquire new machinery in order to exploit them.
Evader, Inc. (PINK:EVDR) reached up 12.12% in morning trading to $.0037 with 3M shares traded. Evader, Inc. and its subsidiary ASCC is a professionally managed company involved in executing large & complicated civil engineering projects in India, with emphasis on roads, bridges, earthwork, highways, and promoter-colonizer of housing complexes, demanding a high degree of skill & expertise. Evader, Inc. (PINK SHEETS:EVDR - News) subsidiary ASCC announced Friday afternoon that it has launched Phase 1, a 480-unit integrated group housing project, in New Chandigarh valued at $33 million U.S.
EcoEmissions Solutions (OTCQB:ECMZ) reached up 70.59% in morning trading to $.29 with 1M shares traded. EcoEmissions Solutions, Inc. proven patented emissions-reducing Catalyst Injection System™ (CIS™) offers a global solution for diesel engines used in heavy industry and large marine applications around the world. EcoEmissions Solutions (OTCQB:ECMZ) announced that the distribution, installation and servicing rights for the EcoEmissions CIS Systems, for the Pacific Northwest has been awarded to Hatton Marine Engine and Generator Systems Inc.
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