BAAR, SWITZERLAND, Mar 04, 2010 -- Manas Petroleum (OTCBB: MNAP) -- Chairman and CEO of Manas release letter on future strategy: Dear friends and fellow shareholders, We have closed the transaction for the financing of the Albanian project. Although structured differently, this transaction is in general consistent with Manas' business model and strategy by farming out the majority of a project while retaining an interest between 25% and 35% carried until discovery. This business model enables Manas to reduce its financial risk and still participate in the enormous up-side potential of the various projects. In the Albanian transaction Manas begins with a significant ownership interest which could increase with time and operational success to as much as 50%. Additionally, Manas retains a strong management position within Petromanas, where Manas is filling the positions of CEO and CFO and nominated 3 of the 6 seats on the board.
What does this mean for Manas? With the closing of the Albanian project financing, Petromanas has assumed Manas' debts and Manas now goes forward debt-free.
In addition to our equity participation in Petromanas, we propose to focus our attention on the exploration of our operated projects in Mongolia and Tajikistan while continuing to be a constructive partner in Kyrgyzstan.
By Santos entering into the 2nd Phase of the Kyrgyz project and providing funding in Tajikistan for the operational costs including the upcoming seismic campaign, Santos has confirmed their commitment to these projects.
We believe that the on-going carry from the farmed out projects and the returned cash from Petromanas to Manas for past investments in the Albanian exploration give us sufficient financial strength to follow this route.
Outlook: In 2010, we are looking with excitement at promising seismic campaigns in Albania and in the Western license area of Tajikistan. We are planning to spud at least 2 deep wells in Kyrgyzstan, and, additionally we are preparing to spud in Albania. Each of these projects has the potential to substantially increase the value of our projects and your investment in our company.
Additionally, in the continuing effort to expose Manas to a much larger and a more resource sophisticated audience, we are continuing to take the necessary steps to become listed on the TSX Venture stock exchange and we are already filing at SEDAR.
Our commitment to acquire, develop, drill and produce oil remains as intense, and perhaps more so, than ever. We now believe that we have the foundation in place to become a great company, discovering, developing and producing oil for years to come. It is our expectation to be shortly reporting additional progress, and we continue to look forward to the on-going reporting of progress, to you, our friends and shareholders.
Heinz J. Scholz (Chairman) Erik Herlyn (Chief Executive Officer)
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at http://www.undiscoveredequities.com/
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Kevin McKnight
101 Plaza Real South, Suite 212
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1-800-404-8982
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Friday, April 9, 2010
Manas Petroleum Tajik Seismic Program Commenced (OTCBB:MNAP)
MANAS PETROLEUM CORP. Press Release Source: Manas Petroleum Corp. On Thursday March 11, 2010, 6:04 am EST
BAAR, SWITZERLAND--(03/11/10) - Manas Petroleum Corp. ("Manas") (OTCBB:MNAP) is pleased to report that its 90% owned subsidiary CJSC Somon Oil ("Somon") has ALREADY commenced a 250 KM 2D seismic program in Tajikistan.
This seismic is to further define and analyze the extension of the Tuzluk structural trend (prospects delineated in the Kyrgyz Tuzluk license) and mature a number of Tajik prospects to drill-ready status on this trend in the Manas Western license area in Tajikistan. Somon has identified 7 large under-thrust prospects that are located close to existing oil fields and which were originally identified by soviet seismic and by a previous 123 KM 2D seismic acquired by Somon during December 2007 and June 2008. Manas believes that the potential size of the Tajik resources is similar to that of the Manas Kyrgyz license area.
Once these seismic results are processed, interpreted and integrated with the pre-existing data, which is expected during May 2010, these prospects will be considered as candidates for a 2011 deep well drilling program.
The contract for the 2D seismic program has been awarded to the large Kazakh based geophysical firm DANK Scientific Industrial ("Dank"). Dank is utilizing a 2D/3D compatible vibrator crew for the work.
Somon has established an office in Khudjand, the northern capital of Tajikistan, in order to technically supervise the program and to provide on-going local support for the licensing. The Somon Khudjant office has hired a team of qualified geophysicists and permitting experts for the acquisition process.
The total costs of the program are expected to be approximately US $ 3.0 million; these costs are funded by Santos International Ventures Pty Ltd. ("Santos") (a wholly owned subsidiary of "ASXLtd"-STO) as part of the option farm out agreement. As previously announced, in December 2007 Manas entered into an option farm out agreement with Santos for the Tajik licenses. Should Santos exercise their option to farm-in, they will fund a phased US $ 74 million seismic, exploration and appraisal drilling program, with Manas retaining a 20% carried interest. Santos may withdraw from the program after drilling four exploration wells (end of Phase 2 and US $ 51 million expenditure).
With this program, Somon will also meet all of the work and capital expenditure commitments through December 31st, 2010 for Somon's western license area.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
BAAR, SWITZERLAND--(03/11/10) - Manas Petroleum Corp. ("Manas") (OTCBB:MNAP) is pleased to report that its 90% owned subsidiary CJSC Somon Oil ("Somon") has ALREADY commenced a 250 KM 2D seismic program in Tajikistan.
This seismic is to further define and analyze the extension of the Tuzluk structural trend (prospects delineated in the Kyrgyz Tuzluk license) and mature a number of Tajik prospects to drill-ready status on this trend in the Manas Western license area in Tajikistan. Somon has identified 7 large under-thrust prospects that are located close to existing oil fields and which were originally identified by soviet seismic and by a previous 123 KM 2D seismic acquired by Somon during December 2007 and June 2008. Manas believes that the potential size of the Tajik resources is similar to that of the Manas Kyrgyz license area.
Once these seismic results are processed, interpreted and integrated with the pre-existing data, which is expected during May 2010, these prospects will be considered as candidates for a 2011 deep well drilling program.
The contract for the 2D seismic program has been awarded to the large Kazakh based geophysical firm DANK Scientific Industrial ("Dank"). Dank is utilizing a 2D/3D compatible vibrator crew for the work.
Somon has established an office in Khudjand, the northern capital of Tajikistan, in order to technically supervise the program and to provide on-going local support for the licensing. The Somon Khudjant office has hired a team of qualified geophysicists and permitting experts for the acquisition process.
The total costs of the program are expected to be approximately US $ 3.0 million; these costs are funded by Santos International Ventures Pty Ltd. ("Santos") (a wholly owned subsidiary of "ASXLtd"-STO) as part of the option farm out agreement. As previously announced, in December 2007 Manas entered into an option farm out agreement with Santos for the Tajik licenses. Should Santos exercise their option to farm-in, they will fund a phased US $ 74 million seismic, exploration and appraisal drilling program, with Manas retaining a 20% carried interest. Santos may withdraw from the program after drilling four exploration wells (end of Phase 2 and US $ 51 million expenditure).
With this program, Somon will also meet all of the work and capital expenditure commitments through December 31st, 2010 for Somon's western license area.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Wednesday, April 7, 2010
Houston American Energy Addresses Stock Trading Volume and Price (NASDAQ:HUSA)
HOUSTON, April 7, 2010 -- Houston American Energy Corp. (Nasdaq: HUSA), in response to today's sharp jump in trading volume and decline in price, advised that the jump in trading volume appeared to be attributable to an internet posting questioning the valuation of the company's holdings and inferring that the company is "Set Up for Collapse." Mr. John Terwilliger, President and Chairman of Houston American, stated, "We have reviewed the internet postings in question and believe they mischaracterize our company, our management team and the very nature of our operations."
"Any inference that our company is set up for collapse is unwarranted and outrageous. We have no debt and operate with a lean overhead structure. This is consistent with our goal to identify attractive opportunities to profit alongside larger operators without having to carry the overhead of such operators. In addition, it should be noted that Houston American Energy is not a party to any litigation, nor is it aware of any threatened litigation."
"Regarding the allegations with respect to the integrity of management, such allegations are scurrilous at best. Regarding royalties received by myself and Lee Tawes, those royalties were established early in the company's life (2005) when no compensation was paid to officers and directors and we have consistently disclosed the royalties that have been paid. Moreover, I would note that since inception of the company neither I nor any member of our management or board has sold a single share of stock in our company. Allegations of some form of potential wrongdoing based on the receipt from third parties of fully disclosed royalties and unsubstantiated allegations relating to Moose Oil appear only to act as cover for the author's malicious efforts to smear our company."
"With regards to the valuation of our asset plays, we do not fix the value of those assets. However, we do stand behind the performance and track record of our partners in Colombia. Houston American along with its consortium partners sold their initial prospect in Colombia for roughly $1 billion and has an established record of finding and developing reserves in Colombia."
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing the December 31, 2009 Form 10-K, and its other periodic reports filed with the Securities and Exchange Commission. The information in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to have been accurate. Those statements, and Houston American Energy Corp., are subject to a number of risks, including production variances from expectations, volatility of product prices, the capital expenditures required to fund its operations, environmental risks, competition, government regulation, and the ability of the company to implement its business strategy. These and other risks are described in the company's documents and reports that are available from the company and the United States Securities and Exchange Commission.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.101
Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
"Any inference that our company is set up for collapse is unwarranted and outrageous. We have no debt and operate with a lean overhead structure. This is consistent with our goal to identify attractive opportunities to profit alongside larger operators without having to carry the overhead of such operators. In addition, it should be noted that Houston American Energy is not a party to any litigation, nor is it aware of any threatened litigation."
"Regarding the allegations with respect to the integrity of management, such allegations are scurrilous at best. Regarding royalties received by myself and Lee Tawes, those royalties were established early in the company's life (2005) when no compensation was paid to officers and directors and we have consistently disclosed the royalties that have been paid. Moreover, I would note that since inception of the company neither I nor any member of our management or board has sold a single share of stock in our company. Allegations of some form of potential wrongdoing based on the receipt from third parties of fully disclosed royalties and unsubstantiated allegations relating to Moose Oil appear only to act as cover for the author's malicious efforts to smear our company."
"With regards to the valuation of our asset plays, we do not fix the value of those assets. However, we do stand behind the performance and track record of our partners in Colombia. Houston American along with its consortium partners sold their initial prospect in Colombia for roughly $1 billion and has an established record of finding and developing reserves in Colombia."
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing the December 31, 2009 Form 10-K, and its other periodic reports filed with the Securities and Exchange Commission. The information in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to have been accurate. Those statements, and Houston American Energy Corp., are subject to a number of risks, including production variances from expectations, volatility of product prices, the capital expenditures required to fund its operations, environmental risks, competition, government regulation, and the ability of the company to implement its business strategy. These and other risks are described in the company's documents and reports that are available from the company and the United States Securities and Exchange Commission.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.101
Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Thursday, April 1, 2010
Fund Manager says Colombia could overtake Venezuela's oil production in 10 years
Colombia Reports (Hannah Stone): An emerging markets fund manager predicts that within ten years Colombia could be producing more oil than neighboring Venezuela
In an interview with CityWire, Francisco Alzuru, who runs the Hansberger Emerging Latin America Fund, predicts that "within ten years time you could potentially have Colombia producing more oil than their neighbour Venezuela."
Alzuru commented that while Venezuelan oil production is declining, Colombia's production is "growing tremendously."
Colombia's oil industry is booming thanks in part to security improvements and business-friendly policies implemented by President Alvaro Uribe, who gained office in 2002.
In an interview with CityWire, Francisco Alzuru, who runs the Hansberger Emerging Latin America Fund, predicts that "within ten years time you could potentially have Colombia producing more oil than their neighbour Venezuela."
Alzuru commented that while Venezuelan oil production is declining, Colombia's production is "growing tremendously."
Colombia's oil industry is booming thanks in part to security improvements and business-friendly policies implemented by President Alvaro Uribe, who gained office in 2002.
The Next Major Colombian Exploration Opportunity?
Houston American Energy Corp.
- Diversified with major partners: Unique portfolio of high impact large reserve potential projects in Colombia
- Huge exploration/development potential: Almost 900M gross acres and over 100 identified drilling projects
- Current production of approximately 1200 boe per day
- A proven track record: Participated in drilling over 100 wells in Colombia with a 70% success rate
- Low cost structure: Farming into high impact plays as a non-operator has kept the corporate overhead very low
- Experienced Management and Board of Directors with great expertise, experience and strategic relationships
- With only 31 million shares outstanding, the per share impact of large oil discoveries will be astounding
Website: www.houstonamericanenergy.com
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
CTI Schedules First Edible Oils Refinery Installation With Desmet Ballestra Client
LOS ANGELES, April 1, 2010 -- Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT & Berlin/Stuttgart: WTC) announced today that it will install its first edible oil nano technology refining system as a result of its exclusive licensing agreement with Desmet Ballestra www.desmetgroup.com.
According to Roman Gordon, CTI's CEO, "We confirmed today that we have a target date of April 16th to install the first full capacity pilot system in a large scale vegetable oil processing plant." Mr. Gordon also commented "that this first edible oil refining system installation is being done in conjunction with industry leader Desmet Ballestra for one of its 5,000 potential clients in this sector."
Following the successful installation and client satisfaction report for this first facility, CTI and Desmet Ballestra will ramp up to sell systems to other clients using Desmet's large sales force.
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTC Bulletin Board: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Santa Fe Gold Begins Summit Silver-Gold Processing Operations at Its Lordsburg Mill, New Mexico
ALBUQUERQUE, N.M., Mar 25, 2010 -- Santa Fe Gold Corporation (OTCBB:SFEG), a U.S. based mining and exploration enterprise focused on acquiring and developing precious metals and industrial minerals properties, today announced it had received a license from the New Mexico Office of State Engineer to begin processing operations at its flotation mill near Lordsburg, NM. The company plans to begin immediately to treat ore from its Summit silver-gold mine and to produce a high value marketable precious metals concentrate. Over the next twelve months, the company plans to ramp up production from the mine to a rate of approximately 120,000 tons of ore per year. At full production and at current metal prices, gross revenues are projected to exceed $25 million annually (At full production and at current metal prices, net operating cash flow is projected to exceed $15 million annually).
"The start-up of processing operations is a tremendous milestone for Santa Fe Gold that we believe will generate significant revenue and provide an important basis for future company growth," said Pierce Carson, President and Chief Executive Officer. "We believe Summit's attractive silver and gold grades together with favorable mining conditions will result in relatively low operating costs and attractive operating margins, especially at current metal prices."
Carson said recent discussions with smelters have confirmed Summit concentrate will be readily marketable. The company also is exploring other potential marketing outlets for its concentrate, with the objective of maximizing economic returns. The company has not yet received the results from a trial shipment of 3,000 tons of high-silica flux material to an Arizona smelter, announced February 10, 2010.
The Summit mine is an underground silver-gold mine being developed on an epithermal vein deposit. For the past several months, in connection with mine development, Santa Fe Gold has been mining and stockpiling ore. Ore from the Summit mine is transported to the company's Lordsburg mill, where a marketable gold-silver concentrate will be produced. The mill is fully operational and will begin processing ore immediately now that an operating license related to the tailings disposal impoundment has been received.
Santa Fe Gold raised $10 million in January 2010 through a registered direct offering to institutional investors. In addition to providing working capital, these funds will allow the company to pursue acquisition of additional feed sources for expansion of the Lordsburg mill, advance the Ortiz gold project and consider acquisition opportunities.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iii) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (iv) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
"The start-up of processing operations is a tremendous milestone for Santa Fe Gold that we believe will generate significant revenue and provide an important basis for future company growth," said Pierce Carson, President and Chief Executive Officer. "We believe Summit's attractive silver and gold grades together with favorable mining conditions will result in relatively low operating costs and attractive operating margins, especially at current metal prices."
Carson said recent discussions with smelters have confirmed Summit concentrate will be readily marketable. The company also is exploring other potential marketing outlets for its concentrate, with the objective of maximizing economic returns. The company has not yet received the results from a trial shipment of 3,000 tons of high-silica flux material to an Arizona smelter, announced February 10, 2010.
The Summit mine is an underground silver-gold mine being developed on an epithermal vein deposit. For the past several months, in connection with mine development, Santa Fe Gold has been mining and stockpiling ore. Ore from the Summit mine is transported to the company's Lordsburg mill, where a marketable gold-silver concentrate will be produced. The mill is fully operational and will begin processing ore immediately now that an operating license related to the tailings disposal impoundment has been received.
Santa Fe Gold raised $10 million in January 2010 through a registered direct offering to institutional investors. In addition to providing working capital, these funds will allow the company to pursue acquisition of additional feed sources for expansion of the Lordsburg mill, advance the Ortiz gold project and consider acquisition opportunities.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iii) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (iv) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
CTI Schedules First Edible Oils Refinery Installation With Desmet Ballestra Client
LOS ANGELES, April 1, 2010 -- Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT & Berlin/Stuttgart: WTC) announced today that it will install its first edible oil nano technology refining system as a result of its exclusive licensing agreement with Desmet Ballestra www.desmetgroup.com.
According to Roman Gordon, CTI's CEO, "We confirmed today that we have a target date of April 16th to install the first full capacity pilot system in a large scale vegetable oil processing plant." Mr. Gordon also commented "that this first edible oil refining system installation is being done in conjunction with industry leader Desmet Ballestra for one of its 5,000 potential clients in this sector."
Following the successful installation and client satisfaction report for this first facility, CTI and Desmet Ballestra will ramp up to sell systems to other clients using Desmet's large sales force.
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTC Bulletin Board: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
According to Roman Gordon, CTI's CEO, "We confirmed today that we have a target date of April 16th to install the first full capacity pilot system in a large scale vegetable oil processing plant." Mr. Gordon also commented "that this first edible oil refining system installation is being done in conjunction with industry leader Desmet Ballestra for one of its 5,000 potential clients in this sector."
Following the successful installation and client satisfaction report for this first facility, CTI and Desmet Ballestra will ramp up to sell systems to other clients using Desmet's large sales force.
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTC Bulletin Board: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
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