Baron Energy Engages CTX Equity Partners for Growth Capital Raise

SAN MARCOS, Texas, June 14, 2017 (GLOBE NEWSWIRE) — Baron Energy Inc. (OTCPK:BROE) (“Baron” or the “Company”), an independent energy company based in San Marcos, Texas, has engaged CTX Equity Partners, LLC (“CTX”) to assist in a major growth capital raise.

Management Comments

Ronnie L. Steinocher, President and CEO, said, “We are pleased to engage CTX to assist with our growth capital requirements.  This capital will provide funds to accelerate our South Texas Project (STX) by making more bolt-on acquisitions, completing production enhancement programs, and drilling new wells.  These funds should allow us to fully complete our 2017-2019 work programs and advance to our STX 2019 Exit.”

About Baron Energy Inc.

Baron Energy Inc. is an independent energy company acquiring and operating producing properties in South Texas.

For more information, please visit www.baronenergy.com.

About CTX Equity Partners, LLC

CTX Equity Partners, LLC (“CTX”) is a privately-held boutique Investment Banking and Business Advisory firm located in Austin, Texas. CTX partners with startup and middle market companies to provide them with foundational Business Advisory and Investment Banking services. Certain CTX representatives maintain securities licensing with, and conduct securities transactions through, Reliance Worldwide Investments, LLC (“RWI”). Check the background of registered investment professionals at FINRA’s BrokerCheck.

For more information, please visit CTXEquityPartners.com.

About Reliance Worldwide Investments, LLC

RWI is a privately-held independent Broker-Dealer. It is headquartered in the greater Chicago, Illinois area, with affiliated independent Registered Representatives and Investment Banking Representatives located across the United States. RWI is a member of FINRA and SIPC; and registered with the SEC, MSRB, and in applicable states. RWI assumes no responsibility, or liability, for the contents of this press release or any referenced or linked website(s); nor should it be presumed to be RWI’s view or an implied endorsement. Check the background of this Broker-Dealer and its registered investment professionals at FINRA’s BrokerCheck.

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY OR INVEST IN ANY PRIVATE PLACEMENT. 

For more information about RWI, please visit RWI-Securities.com.

Forward-Looking Statements

In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.

CONTACT: CONTACT: 
Lisa P. Hamilton
Executive Vice President and CFO
(512) 392-5775
info@baronenergy.com



Green EnviroTech Holdings Corp. to Present at the 2017 Marcum MicroCap Conference in New York City

JAMESTOWN, Calif., June 13, 2017 (GLOBE NEWSWIRE) — Green EnviroTech Holdings Corp. (OTC PINK:GETH) CEO, Chris Bowers, will present at the 2017 Marcum MicroCap Conference at 4:30pm on Thursday, June 15 at the Grand Hyatt Hotel in New York City and will conduct 1-on-1 meetings on June 15th and June 16th, 2017. Mr. Bowers’ presentation will be webcast live at 4:30 pm EDT at this link (http://wsw.com/webcast/marcum5/geth). The presentation will be archived and viewable via this link or by visiting the ‘News’ section of our website after the initial broadcast.

The Marcum conference is a highlight on the annual investment community calendar in New York City.

“We are pleased to be presenting at the 2017 Marcum conference as this provides an ideal forum for us to explain our strategy and plans for the company”, said Chris Bowers, CEO GETH.  “We look forward to meeting with investors and potential partners.”

About GreenEnviroTech Holdings
GreenEnviroTech Holdings Corp. (GETH) is a pioneer in sustainable development. Our mission is to find and implement practical, economical solutions that will clean up the environment. Our technologies will convert waste into valuable products and help to protect the planet.  We will create local jobs and stimulate economic growth in the communities where we do business.

For more information on GETH:
www.greenenvirotech.com

About the Marcum MicroCap Conference

The Marcum MicroCap Conference (www.marcummicrocap.com) is a nationally recognized forum for publicly traded companies with less than $500 million in market capitalization to network with fund managers and high net worth investors who focus on small cap equities. More than 2000 investors and other participants from every segment of the microcap marketplace attend each year, including venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, and buy- and sell-side analysts, as well as senior executive teams from presenting companies and service providers to the microcap marketplace.

The conference is presented by Marcum LLP, a top national accounting and advisory firm registered with the Public Company Accounting Oversight Board (PCAOB). Marcum’s Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance. For more information, visit www.marcumllp.com.

CONTACT: CONTACT INFORMATION
Public Relations and Media Contact:
LCG
Headquarter Office
702.333.4886
www.lcginfo.com



HyperSolar Extends Research Agreement with University of California, Santa Barbara as Demand for Clean Hydrogen Grows

SANTA BARBARA, Calif., June 13, 2017 (GLOBE NEWSWIRE) — HyperSolar, Inc. (OTCQB:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced it has extended its sponsored research agreement with the University of California, the first university the Company partnered with when it embarked on its quest to produce completely renewable, cost-efficient hydrogen.

The extended agreement with the University of California Santa Barbara (UCSB) will maintain the relationship through June 30, 2018. The agreement comes during a crucial time for the Company, as alongside the University of Iowa, UCSB is tasked with scaling HyperSolar’s renewable hydrogen production process, including the advancement of a commercial prototype using readily available amorphous silicon solar cells, as well as developing a patented nanoparticle technology that will produce economically viable “green” hydrogen.  

As HyperSolar technology continues to develop in its quest to increase efficiency while reducing cost, the market for hydrogen, especially that produced by completely renewable processes, continues its rise in demand. This demand at the consumer level is driven by the influx of fuel cell vehicles (FCVs) hitting the market from major automotive manufacturers including Toyota and Hyundai, as well as innovative startups such as Nikola Motor Co. who plans to release hydrogen-fuel cell electric semi-trucks. However, infrastructure remains an existing barrier to mass FCV adoption, which has historically struggled to meet innovation and the current growing demand. HyperSolar believes its technology represents a solution to this challenge by producing completely renewable hydrogen demand at or near the point of distribution, such as a fueling station.

“We have stressed the importance of maintaining a strong relationship with the scientific teams that have led and supported the growth of HyperSolar technology,” said Tim Young, CEO of HyperSolar. “This agreement with the University of California maintains the continuity of our core scientific group, one that we anticipate leading us to eventual commercialization. Now more than ever, our focus is on demonstrating capabilities in real world environments, and reaching our potential to meet the rapidly growing market demand.” 

HyperSolar’s research is focused on developing a completely renewable, low-cost and submersible hydrogen production particle that can split water molecules using the power of the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. A video detailing the rise of hydrogen fuel technology as well as HyperSolar’s completely renewable process of hydrogen fuel production can be viewed by visiting here.

About HyperSolar, Inc.
HyperSolar is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles.  To learn more about HyperSolar, please visit our website at www.hypersolar.com.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

 

CONTACT: Press Contact:
Eric Fischgrund
FischTank Marketing and PR 
646-699-1414
Eric@FischTankPR.com



Rex Energy Announces Results of Four-Well Baird Pad in Moraine East Area

  • The two Marcellus wells produced at an average 24-hour sales rate per well of 12.1 MMcfe/d with 57% liquids production
  • Baird 4H (Marcellus) produced 213 bbls per day of condensate, the highest rate to date in the Butler Operated Area
  • Average 24-hour sales rate per well of 10.1 MMcfe/d; 56% liquids

STATE COLLEGE, Pa., June 12, 2017 (GLOBE NEWSWIRE) — Rex Energy Corporation (Nasdaq:REXX) today announced that it has placed into sales the four-well Baird pad in the Moraine East Area. The Baird wells were drilled to an average lateral length of approximately 7,140 feet and completed in an average of 39 stages and 2,727 pounds of sand. The wells produced at an average 24-hour sales rate per well, assuming full ethane recovery, of 10.1 MMcfe/d consisting of 4.4 MMcf/d of natural gas, 823 bbls/d of NGLs and 124 bbls/d of condensate.

Four-Well Baird Pad – 24 Hour Sales Rates
Well Formation Natural Gas
(Mcf/d)
NGLs
(Bbls/d)
Condensate
(Bbls/d)
Total
(Mcfe/d)
Baird 1H Marcellus 5,072 938 108 11,348
Baird 4H   5,393 1,032 213 12,860
Average 5,232 985 160 12,104
           
Baird 2H Upper Devonian 3,806 710 105 8,695
Baird 3H   3,316 613 72 7,427
Average 3,561 661 89 8,061
         
Average 24-Hour Sales Rate for Baird Pad 4,396 823 124 10,082

We are extremely pleased with the results from the Baird pad, and in particular, with the two Marcellus wells that averaged over 12.0 MMcfe/d.  In addition, the Baird 4H produced the highest condensate rates we’ve seen to date in the entire Butler Operated Area. The strong performance of the Baird wells, which are located in the northernmost part of Moraine East, demonstrates the future potential for the northern portion of the field,” said Tom Stabley, Rex Energy’s President and Chief Executive Officer. He continued, “The placement of the Baird pad into sales marks another success in the execution of our two-year plan. We remain on schedule to place the six-well Shields, four-well Mackrell and four-well Wilson pad into sales in the latter half of this year, which will be the catalyst for increased production growth in the second half of 2017.”

Note: the company has provided an update to the June 2017 corporate presentation on slides 4 through 9. The June 2017 corporate presentation can be found on the company’s website at www.rexenergy.com in the Investor Relations section.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of federal securities laws. All statements, other than statements of historical facts, included in this release that address activities, events, developments, forecasts, or guidance that Rex Energy expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements rely on assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside Rex Energy’s ability to control or predict, that could cause results to differ materially from management’s current expectations. These risks and uncertainties include, but are not limited to, economic and market conditions, operational considerations, the timing and success of our exploration and development efforts, and other uncertainties. Additional information concerning these and other factors can be found in our press releases and public periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2016, and we strongly encourage you to review those documents to understand these risks. You should not place undue reliance on forward-looking statements because they reflect management’s views only as of the date of this release. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

About Rex Energy Corporation

Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.

CONTACT: For more information contact:

Investor Relations
(814) 278-7130
InvestorRelations@rexenergycorp.com



Ultra Petroleum Set to Join Russell 3000® Index

HOUSTON, June 12, 2017 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (NASDAQ:UPL) is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“We are pleased to have been added to the Russell Indexes,” commented Michael D. Watford, President, Chairman and CEO. “We believe this inclusion into a well-known index will introduce more investors to UPL and will also provide additional liquidity for our shares.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Ultra Petroleum

Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production. The company is listed on NASDAQ and trades under the ticker symbol “UPL”. Additional information on the company is available at www.ultrapetroleum.com.

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, the company can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company’s business are set forth in its filings with the SEC, particularly in the section entitled “Risk Factors” included in its Annual Report on Form 10-K for the most recent fiscal year, its Quarterly Reports on Form 10-Q for the quarter ended March 31, 2017, and from time to time in other filings made by the company with the SEC. Risks and uncertainties related to operating the company’s business include, but are not limited to, increased competition, the timing and extent of changes in prices for oil and gas, particularly in Wyoming and Pennsylvania, the timing and extent of the company’s success in discovering, developing, producing and estimating reserves, the effects of weather and government regulation, availability of oil field personnel, services, drilling rigs and other equipment, as well as other factors listed in the reports filed by the company with the SEC. Full details regarding the selected financial information provided above will be available in the company’s report on Form 10-Q for the quarter ended March 31, 2017.

CONTACT: For further information contact:
Sandi Kraemer 
Director, Investor Relations
Phone: 281-582-6613
Email: skraemer@ultrapetroleum.com



Thunder Energies President’s Letter

TARPON SPRINGS, Fla., June 09, 2017 (GLOBE NEWSWIRE) — Dr. Ruggero M. Santilli, President and Chief Scientist of Thunder Energies Corporation, a publicly traded company with stock symbol (OTC:TNRG), states: “I am pleased to announce momentous advances in our three divisions that can be outlined as follows.”

Division of Nuclear Instruments.
We have completed all R&D on our source of neutrons synthesized from a hydrogen gas as established by the scientific publication authored by scientists from three continents (http://thunder-energies.com/docs/AJMP.pdf), we have therefore initiated production of a Directional Neutron Source as needed for the scanning of suitcases, containers or grounds for the possible smuggling of nuclear weapons; we have received a first order from a European group with the down payment of $120K, as a result of which, I predict that this division will be profitable in the second quarter of 2017 (https://globenewswire.com/news-release/2017/06/05/1008093/0/en/Thunder-Energies-Receives-Down-Payment-on-Equipment-Producing-a-Directional-Neutron-Flux-and-Predicts-Profitability-for-its-Construction.html), and we have filed a patent application for full international coverage of our new technology.

Division of Combustion Equipment
We have made additional advances in our basically new combustion of fossil fuels, called HyperCombustion and related HyperFurnaces, which achieves no combustible contaminants in the exhaust and enhanced energy output (http://www.thunder-energies.com/index.php/ct-menu-item-18/11-articles/18-article-9). This breakthrough has been achieved thanks to new nuclear processes permitted by Carbon and Oxygen, besides their ordinary combustion (patent pending) (http://www.santilli-foundation.org/docs/ICNF-3.pdf). As a result of these environmental and technological advances, I was invited to deliver a plenary talk on our new HyperCombustion and HyperFurnaces  (https://www.youtube.com/watch?v=eyS6HDO5xDc&feature=youtu.be) at the 2016 – Sustainable Industrial Processing Summit & Exhibition held at Hainan Island, China, on November 6 to 14 (http://www.flogen.org/sips2016/), at which meeting I received the Fray International Sustainability Award (http://www.santilli-foundation.org/docs/sips-2016-big0view.pdf) (http://www.flogen.org/awards.php?spage=2&sp=2&sp2=Santilli).

Division of Optical Instruments

I am pleased to report the confirmation (http://www.santilli-foundation.org/docs/pdf10.pdf) (http://www.santilli-foundation.org/docs/Con-Ant-Tel-2013.pdf) (http://www.santilli-foundation.org/docs/antimatter-detect-2014.pdf) of our discovery of an antimatter galaxy in the Vega region of the night sky (http://www.santilli-foundation.org/docs/Antimatter-telescope-2013-final.pdf) as well as the discovery of a second antimatter galaxy in the Capella region of the night sky (http://www.santilli-foundation.org/docs/capella-antimatter-galaxy.pdf) thanks to our new telescope with concave lenses (patent pending) which is now in production and sale with 70 mm, 100 mm, 150 mm and 200 mm diameter (http://thunder-energies.com/index.php/ct-menu-item-9). We also delivered astrophysical equipment to a group of European scientists consisting of a pair of 70 mm Galileo and Santilli telescopes.

International recognition
I am finally pleased to report that our company has been featured by a number of qualified media conduits, such as:

Business Television
http://www.b-tv.com/thunder-energies-nuclear-corporate-video
Silicon Review
http://thesiliconreview.com/magazines/thunder-energies-corporation-tec-is-a-new-pathway-for-development-in-cutting-edge-technology
CEO-CFO
http://www.ceocfointerviews.com/interviews/ThunderEnergies16.htm
American Freedom Radio
https://www.youtube.com/watch?v=C9om97CYvb0

Forward Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

CONTACT: Dr. Ruggero M. Santilli
President and Chief Scientist
Thunder Energies Corp
727-303-9581
www.Thunder-Energies.com



Encana announces agreement to sell its Piceance natural gas assets

CALGARY, Alberta, June 09, 2017 (GLOBE NEWSWIRE) — Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus).

Total cash consideration to Encana under the transaction is $735 million. In addition, Encana will reduce its midstream commitments by approximately $430 million, on an undiscounted basis, and will market Caerus’ production related to the assets.

“This transaction advances our strategy, makes the company more efficient and delivers significant proceeds that we will use to further strengthen our balance sheet,” said Doug Suttles, Encana President & CEO. “I’d like to congratulate Caerus on acquiring a high-quality natural gas asset along with a talented team.”

Encana’s Piceance assets include approximately 550,000 net acres of leasehold and approximately 3,100 operated wells which produced an average 240 million cubic feet per day (MMcf/d) of natural gas and 2,178 barrels per day (bbls/d) of liquids through the first quarter of 2017. Estimated year-end 2016 proved reserves were 814 billion cubic feet equivalent (Bcfe).

The sale is subject to satisfaction of normal closing conditions, regulatory approvals, closing and other adjustments and is expected to be completed during the third quarter with an effective date of January 1, 2017.

BMO Capital Markets served as Encana’s financial advisor for the transaction.

Encana Corporation
Encana is a leading North American energy producer that is focused on developing its strong portfolio of resource plays, held directly and indirectly through its subsidiaries, producing natural gas, oil and natural gas liquids (NGLs). By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates. Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

ADVISORY REGARDING OIL AND GAS INFORMATION – Reserves are the estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, from a given date forward, based on: analysis of drilling, geological, geophysical and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable. Proved reserves are those reserves which can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.

The conversion of barrels of oil to natural gas equivalent is on the basis of one barrel to six thousand cubic feet, which is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that such term may be misleading, particularly if used in isolation.

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains certain forward-looking statements or information (collectively, “FLS”) within the meaning of applicable securities legislation. FLS include: expected consideration to Encana, the use of proceeds therefrom, the anticipated reduction to midstream commitments, the expectation that the closing conditions and regulatory approvals will be satisfied and the timing of closing thereof; Encana’s marketing of production; anticipated benefits from the transaction; and estimated reserves.

Readers are cautioned against unduly relying on FLS which, by their nature, involve numerous assumptions, risks and uncertainties that may cause such statements not to occur, or results to differ materially from those expressed or implied. These assumptions include: enforceability of the sale agreement; the ability to satisfy closing conditions and regulatory approvals, successful closing of, and the value of post-closing and other adjustments associated with the sale of the assets; assumptions contained in Encana’s corporate guidance and in the news release; data contained in key modeling statistics; effectiveness of Encana’s drive to productivity and efficiencies; the expectation that counterparties will fulfill their obligations under the gathering, midstream and marketing agreements; and expectations and projections made in light of, and generally consistent with, Encana’s historical experience and its perception of historical trends, including with respect to the pace of technological development, the benefits achieved and general industry expectations.

Risks and uncertainties that may affect these business outcomes include: risks inherent to closing the transaction including whether it will close on a timely basis or at all; adjustments that may reduce the expected proceeds and value to Encana; issues or disputes with third parties and the inability to dispose of assets or interests in certain arrangements; commodity price volatility; counterparty and credit risk; risks inherent in Encana’s corporate guidance; failure to achieve anticipated results from cost and efficiency initiatives; risks inherent in marketing operations; risks associated with existing and potential future lawsuits and regulatory actions made against Encana; imprecision of reserves estimates; and other risks and uncertainties impacting Encana’s business, as described in its most recent Annual Report on Form 10-K and as described from time to time in Encana’s other periodic filings as filed on SEDAR and EDGAR.

Although Encana believes the expectations represented by such FLS are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the assumptions, risks and uncertainties referenced above are not exhaustive. FLS are made as of the date of this news release and, except as required by law, Encana undertakes no obligation to update publicly or revise any FLS. The FLS contained in this news release are expressly qualified by these cautionary statements.

Further information on Encana Corporation is available on the company’s website, www.encana.com, or by contacting:

 

Investor contact:
Brendan McCracken
Vice-President, Investor Relations
(403) 645-2978 

 

Patti Posadowski
Sr. Advisor, Investor Relations
(403) 645-2252

   

Media contact:
Simon Scott
Vice-President, Communications
(403) 645-2526

Jay Averill
Director, External Communications
(403) 645-4747

SOURCE: Encana Corporation  



Pilgrim Petroleum Corporation Receives a Commitment of $3.0 Million Working Capital

Addison, Texas, June 08, 2017 (GLOBE NEWSWIRE) — Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves; the company announced today of new funding commitment in the amount of $3.0 Million from certain insider(s). This will be the first of many funding events this year with a combination of insiders and certain private investors.

The new capital commitment will allow the Company to start production on our non-producing properties, acquire additional mineral rights and secure additional working interest. This year we expect will bring transformative changes to our Company, both on the corporate and strategic front. One of our most important tasks is to allocate capital to the most compelling opportunities. We continually strive to align our capital structure with our exploration strategy and through the rationalization of our non-core exploration prospects that no longer fit our selection and screening criteria.

Legal Notice Regarding Forward-Looking Statements:

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company’s actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company’s exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company’s capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the company’s ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures.  Forward-looking statements speak only as of the date of the document in which they are contained, and Pilgrim Petroleum does not undertake any duty to update any forward-looking statements except as may be required by law.

The statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers’ preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2017 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.

CONTACT: Shareholder inquiries:
info@pilgrimpetroleum.com
972-655-9870



Mantra Venture Group CEO Delivers an Open Letter to Shareholders

LONGWOOD, Fla., June 08, 2017 (GLOBE NEWSWIRE) — Mantra Venture Group, Ltd, (OTC:MVTG) (the “Company”), has appointed Roger Ponder as its new CEO and the following is his update to the Company’s shareholders:

“Dear Shareholders and Investors:

I wanted to take this time to formally introduce myself as the new CEO of Mantra Venture Group, and provide our shareholders an update on the company, its changes, vision, strategy and exciting future that we believe will create greater shareholder value over the long term.   Larry Kristof, the Company’s former CEO, will remain with the Company as the President of the Mantra Energy Alternatives subsidiary to continue the development work to commercialize alternative energy technologies.

The Company recently announced its intention to change its name from “Mantra Venture Group to “Spectrum Global Solutions, Inc.”  The name change reflects the acquisition of AW Solutions, Inc. and the significant expansion in services and solutions now able to be offered by the Company. 

AW Solutions (AW) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. AW specializes in a vast array of comprehensive turnkey solutions to wireless and wireline communication carries, utilities and energy sector companies, aggregator management companies, enterprise/venue clients, original equipment manufacturers (OEM’s) and project management offices (PMO’s). The combination of Mantra Energy with AW provides our customers with a broad range of additional professional engineering and infrastructure solutions.  AW Solutions brings to the Company strong operations, a track record of excellence in execution and a Fortune 500 client base producing over $10 Million in annual revenue. We expect to see solid revenue growth from AW’s management team, national and international footprint, and breadth of comprehensive services.

The acquisition of AW Solutions enables this Company to take advantage of exciting new technology in the IT and telecom space and support for the deployment of Mantra Energy’s technology.

In the telecom industry, there is the pending deployment of enhanced mobile and fixed solutions which includes: IOT deployment, 5G technology deployment; FirstNet national public safety system for first responders; and the development of disruptive technology with software defined networks (SDN) and network function virtualization (NFV).   There is a current need to deploy, expand and enhance the telecom and data networks as well as augment infrastructure and enterprise facilities to support this new technology and bandwidth demands of the market.

AW Solutions is developing its own proprietary technology. As a product and solution, AW has added Unmanned Aircraft Vehicles (UAV’s) structural mapping and inspection services to its portfolio of comprehensive services. Through the development of proprietary technology, currently being patented, coupled with the use of the UAV fleet and other methods we are able to, with unparalleled precision, conduct structurally mapping, measurement, analysis and video capture of structures and associated technologies such as antenna mounts, telecom equipment, etc. Traditionally, to perform these services, it required structural climbing crews to physically ascend and measure the structural members. Now, we are able to perform our engineering solutions without the need for structural or tower climbing and thereby increase safety and increase productivity.  This new proprietary technology has many other industry applications to include: telecommunications; utilities; government; energy; military; and transportation just to name a few and may provide a potential revenue stream in the future from licensing fees.

Mantra Energy Alternatives, spearheaded by Larry Kristof, continues to focus on developing and commercializing two electrochemical technologies designed to make reduction of greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell). The merger of AW into Mantra should not be a signal that we are giving up any existing energy technology assets. To the contrary, the merger enables Larry Kristof to focus on the development of these energy assets without additional capital constraints of a public company operation.  AW can support that commercialization with their internal engineering and construction capabilities.  

We will attempt to capitalize on these transformative changes in technology with strong operational execution, a focus on driving profitability through comprehensive service offerings and organic and acquisitive growth strategies.  We will execute on a strategy to build, innovate, buy, partner, and seamlessly integrate.  We will be acquisitive to increase our services, footprint and customer base in all our service offerings.

Our commitment is to develop sustained revenues and earnings.  At the core of all our decisions is how can we increase shareholder value over the near and long-term. Whether we are a business buyer or a seller, the bottom line is the creation of real shareholder value.  My goal is to grow this Company significantly over the next twelve months and seek up listing to a national exchange.  We appreciate the support of our shareholder base and look forward to finishing 2017 with exciting results. 

Roger Ponder
Chairman & CEO

About Mantra Venture Group:

Mantra Venture Group Ltd. (MVTG) operates through its AW Solutions and Mantra Energy Alternatives subsidiaries.

AW Solutions (AW) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. The Company’s subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable.  For more information about the Company and its technologies visit the Company’s website at: http://www.mantraventuregroup.com and its public filings at SEC.gov.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

CONTACT: CONTACT:
Investor Relations
Mantra Venture Group, Ltd
561-672-7068



Termination of Operating Agreement

CALGARY, Alberta, June 07, 2017 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSX:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces that its operating agreement with Houghton Investments LLC (“Houghton”) is terminated. The operating agreement defined the relationship of both parties in an Area of Mutual Interest (“AMI”) in Pickaway County, Ohio.

The operating agreement between Marksmen Energy USA, Inc. and Houghton Investments LLC lapsed due to a failure to agree on the drilling of an additional well in a specified time frame.  Although the agreement has been successful for both parties, each company is currently re-evaluating individual interests outside the AMI.  Rather than renegotiating new terms and amending the operating agreement both parties agree that it is now an appropriate time to pursue other interests.

Houghton transferred operatorship to Marksmen Energy, USA Inc. of the producing wells and water injection well/facility in January of 2017.  Marksmen will continue to operate the wells. 

The lapsing of the agreement does not prevent Marksmen and Houghton from entering into new operating agreements on other wells outside the AMI.  Houghton and Marksmen remain business partners on all earned wells and lands.

Marksmen has other joint venture opportunities in Ohio and is currently evaluating additional drilling, land acquisition and 3D seismic opportunities in Ohio.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain certain forward-looking information and statements including drilling and other opportunities available to Marksmen. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen’s disclosure documents on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

CONTACT: For additional information regarding this news release please contact Archie Nesbitt, CEO and President at (403) 265-7270 or e-mail info@marksmen.ca