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AM Oil Resources & Technology Inc. (OTCBB: AMOR) Trading at $0.92, Up 7%. Announced Friday after market close that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology.
The Company’s technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: “These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
What They Do: AM Oil Resources & Technology makes portable steam generators that are designed to maximize oil production in oil fields, both domestically and internationally. This technology is able to recover crude oil that would otherwise remain in the ground forever. The Company believes that its unique approach of applying its proprietary technologies to non-producing oil wells, with known reserves, will earn the company a profitable niche in the petroleum industry. Targeting approximately 480,000 marginal wells in the United States, the Company is ideally positioned to provide an environmentally safe and cost-effective method of maximizing oil production.
How They Trade: AMOR has a 52 week high of $1.01 and a 52 week low of $0.56.
Human Genome Sciences. (Nasdaq: HGSI) Trading at $2.20. Up 21%. Today announced that it has begun delivery of 20,000 doses of its human monoclonal antibody drug ABthrax(TM) (raxibacumab) to the U.S. Strategic National Stockpile for use in the treatment of inhalation anthrax.
What They Do: The mission of HGS is to apply great science and great medicine to bring innovative drugs to patients with unmet medical needs. The HGS clinical development pipeline includes novel drugs to treat hepatitis C, lupus, inhalation anthrax and cancer.
How They Trade: HGSI has a 52 week high of $8.00 and a 52 week low of $1.20.
MicroStrategy Incorporated (Nasdaq: MSTR) Trading at $40.93. Up6%. Today announced financial results for the three-month period ended December 31, 2008 (the fourth quarter of its 2008 fiscal year).
Fourth quarter 2008 revenues were $95.0 million versus $95.2 million for the fourth quarter of 2007. Product licenses revenues for the fourth quarter of 2008 were $28.0 million versus $31.7 million for the fourth quarter of 2007, a 12% decrease. Product support and other services revenues for MicroStrategy's core business intelligence (BI) business in the fourth quarter of 2008 were $64.0 million versus $61.3 million for the fourth quarter of 2007, a 4% increase.
Income from continuing operations before financing and other income and income taxes for the fourth quarter of 2008 was $21.3 million, or 22% of revenue, versus $28.2 million, or 30% of revenue, for the fourth quarter of 2007. Income from continuing operations for the fourth quarter of 2008 was $13.8 million, or $1.13 per share on a diluted basis, compared to $18.5 million, or $1.47 on a diluted basis, for the fourth quarter of 2007. Net income for the fourth quarter of 2008 was $14.3 million, or $1.17 per share on a diluted basis, compared to $17.7 million, or $1.41 per share on a diluted basis, for the fourth quarter of 2007.
What They Do: MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day.
How They Trade: MSTR has a 52 week high of $90.98 and a 52 week low of $30.55.
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