News / Finance
WhisperfromWallStreet.com "Early Gainers AMEX" - Adams Resources & Energy Inc.,AE - Northern Oil and Gas, Inc.,NOG - Mines Management Inc.,MGN
Adams Resources & Energy, Inc. - Northern Oil and Gas, Inc. - New Gold Inc.
Adams Resources & Energy Inc.,AE
Adams Resources & Energy, Inc., together with its subsidiaries, engages in marketing crude oil, natural gas, and petroleum products. It purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and New Mexico; and purchases, distributes, and markets natural gas, as well as markets branded and unbranded refined petroleum products, such as motor fuels, including automotive gasoline, biodiesel, and conventional diesel fuel; and lubricants, including passenger car motor oils, and industrial oils and greases. The company also involves in the railroad servicing industry, including fueling and lubricating locomotives, as well as performing routine maintenance on the power units; and operates as a direct-to-vessel marine fuel and lube vendor.
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Northern Oil and Gas, Inc.,NOG
Northern Oil and Gas, Inc. engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties in the Rocky Mountain Region of the United States. As of December 31, 2008, it controlled approximately 22,000 net acres of leaseholds in Sheridan County, Montana with primary targets including the Red River and Mission Canyon; controlled approximately 70,000 net acres in North Dakota, primarily in Mountrail County, targeting the Bakken Shale; and approximately 10,000 net acres in Yates County, New York that is prospective for Marcellus Shale and Trenton-Black River natural gas production. As of March 16, 2009, it had a total of 65 wells. The company is based in Wayzata, Minnesota.
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Mines Management Inc.,MGN
New Gold Inc. and Western Goldfields Inc. are pleased to announce the receipt of the final order from the Ontario Superior Court of Justice approving the business combination between Western Goldfields and New Gold.
The completion of the Transaction is on schedule to close on June 1, 2009. The Transaction is structured as a Plan of Arrangement under the Business Corporations Act (Ontario).
Upon completion of the transaction, the combined company is expected to produce between 330,000 and 360,000 ounces of gold in 2009, growing to over 400,000 ounces in 2012 and have significant reserves and resources with a strong portfolio of mining, development and exploration assets in mining friendly jurisdictions. For more information, please see the respective company websites at www.newgold.com and www.westerngoldfields.com.
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