Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) will sell common stock and warrants for gross proceeds of $3 million in a registered direct offering with Crede CG III, Ltd.
Bloomberg reported that Gazprom's 2012 profits fell by 9.5 percent in the midst of rising costs and dwindling European demand.
Miller Energy Resources, Inc. (NYSE:MILL) announced updates regarding operations and acquisitions of Alaskan assets
FX Energy, Inc. (NASDAQ:FXEN) announced results from a drill stem test on their Tuchola-3K well in Poland. As quoted in the press release:
ub Energy Inc.(TSXV:KUB) and Anatolia Energy Corp.(TSXV:AEE) have entered into a strategic arrangement in which Cub acquire all the issued and outstanding common shares of Anatolia in exchange for common shares of Cub.
Bloomberg reported that Exxon's quarterly profits rose to $9.5 billion, or $2.12 a share, thanks to wider chemical margins that absorbed some of the losses of lower crude prices and production.
Cabot Oil & Gas Corporation (NYSE:COG) provided operational updates from its Marcellus Shale leasehold and its Marmaton drilling program in Oklahoma.
Magnum Hunter Resources Corporation (NYSE:MHR, NYSE:MHR.PRC, NYSE:MHR.PRD, NYSE:MHR.PRE) announced that they have sold their interests in the Eagle Ford Shale properties in South Texas for $401 million.
Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) announced that they have been recommended for a $1 million grant award to pursue its Advanced Natural Gas Engine Research and Development for Class 3 through Class 7 Applications.
The Financial Post reported that Encana announced a first quarter drop in operating profits of 25 percent, mostly due to hedging losses
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