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IBC Advanced Alloys Announces 2010 Financial Results

May 15, 2012 By Leave a Comment

IBC Advanced Alloys Announces 2010 Financial Results











IBC Advanced Alloys Corp. President and CEO Anthony Dutton


Vancouver, BC (Vocus) October 31, 2010

IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the “Company”), an integrated manufacturer and distributor of advanced nonferrous alloys and related products, has released its audited financial results for the year ended June 30, 2010.

Fiscal 2010 Financial Highlights

    Fourth quarter sales increased to $ 4.57 million, up 75% compared to the fourth quarter in fiscal 2009 and 13% higher than third quarter sales.
    Year to date sales increased $ 14.93 million, up 29% compared to fiscal 2009.
    Loss for the year was $ 4.1 million, down 72% from fiscal 2009.
    Cash and cash equivalents at June 30, 2010 were $ 5.53 million, reflecting the closing of a prospectus offering in March 2010.

Business Highlights

“The June 30, 2010 quarter recognized IBC’s continued growth with revenues at our manufacturing facilities steadily increasing. The scope of our operations has significantly increased with the acquisition of our beryllium-aluminum division, and our operating results are expected to improve in fiscal 2011 with its further integration,” said Mr. Anthony Dutton, President and CEO of IBC. “In this most recent quarter, we focused on reorganizing and streamlining our manufacturing operations for maximum production efficiencies,” continued Dutton, “and are also planning significant plant and equipment upgrades for the upcoming year, which are also expected to improve our operating results in fiscal 2011.”

In March 2010, IBC completed a short-form prospectus offering that raised gross proceeds of $ 10.2 million and net cash proceeds of $ 9.1 million. The offering provided funds to acquire and expand Beralcast® Corporation, finance business development programs and fund exploration work on the Company’s mineral properties.

The Company has begun the relocation process for its beryllium-aluminum division to a new facility in Wilmington, Massachusetts. The move is expected to be completed by the end of January 2011 and will reduce delivery times to customers and provide space to expand production capacity. The Company estimates that relocation costs will be less than the estimated amount indicated in the short-form prospectus.

The Company is also forging ahead with is research initiatives to increase demand for beryllium and beryllium oxide. In the fourth quarter, the Company extended its research agreement with Purdue University, until the end of the year, to complete the current phase of research in developing a new type of beryllium oxide. IBC expects its research initiatives will better identify and inform potential industry partners in order to expand technologies and increase beryllium demand.

Further to the Company’s June 30, 2010 MD&A, Vangold Resources Ltd. (“Vangold”), a company with a director and a significant shareholder in common with IBC, held 25,609,746 of the Company’s common shares. Under a plan of arrangement, Vangold distributed these shares to its shareholders, although the shares were placed into escrow. The distribution of the shares was effectively deferred until November 23, 2010, when all of the IBC shares formerly held by Vangold will be released from escrow. The release of these common shares from escrow could have a temporarily adverse effect on the market for the Company’s shares.

For full particulars, please refer to our audited consolidated financial statements, MD&A and annual information form for the year ended June 30, 2010, filed on SEDAR and available at http://www.sedar.com.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications, and a range of industrial applications. IBC has 81 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB”.

See IBC on Facebook.

For additional information please contact:

IBC Advanced Alloys Corp.

Ian Tootill, Director of Corporate Communications

(604) 685-6263 ext 110

Website: http://www.ibcadvancedalloys.com

This news release was prepared by management of IBC, which takes full responsibility for its contents. 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 release.

Legal Notice Regarding Forward Looking Statements

This disclosure contains certain forward-looking statements including expectations about future operating results and the benefits of relocating our beryllium-aluminum division that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

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NinjaTrader Selected by Vision Financial Markets as Strategic Software Provider

May 13, 2012 By Leave a Comment

NinjaTrader Selected by Vision Financial Markets as Strategic Software Provider











Denver, CO (PRWEB) May 26, 2009

NinjaTrader, LLC, a leading provider of high-performance trading software for active traders, announced today that they have been selected by Vision Financial Markets (“Vision”), one of the largest providers of Introducing Broker services in America, as a key technology provider in a move intended to significantly expand their active trader business.

“NinjaTrader is pleased to be working with Vision which is among the elite few entities that self-clear on both the securities and the futures side of the major U.S. financial markets”, said Raymond Deux, CEO of NinjaTrader. “This new partnership will provide Vision clients with best in class trading software and gives us a vehicle to grow our equities business which is a targeted area of growth for NinjaTrader”.

NinjaTrader raised the bar for trading platforms when it was launched in 2003 and since then each subsequent release has introduced powerful enhancements including: advanced charts with programmable indicators, chart-based order entry with advanced trade management, and full system development and trade automation, all in an easy to use environment that is free to use for everything except live trading.

“NinjaTrader was the obvious choice for us as we researched the active trader market for best in class trading software”, said Howard Rothman, President of Vision. “The NinjaTrader platform combined with their rapidly growing network of 3rd party indicator, system providers and educators give our solution immediate credibility with active traders and will accelerate our growth in these markets”.

Vision will introduce NinjaTrader in multi-phase rollout which starts later this month with Futures support followed by Equities in the fall.

About NinjaTrader, LLC Founded in 2003, NinjaTrader, LLC (http://www.ninjatrader.com) has quickly emerged as a leading developer of high-performance trading software. NinjaTrader is a FREE application for advanced charting, market analytics, system development and trade simulation. Discretionary, end-of-day and automated systems traders can trade futures, forex and equities through hundreds of supporting brokerages worldwide.

NinjaTrader sets the benchmark for trading software and continues to invest in new product development. Based in Denver, CO, NinjaTrader, LLC serves the global trading community with locations in Chicago, IL, Rotterdam, The Netherlands and Bamberg, Germany.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









Filed Under: Forex Tagged With: , , , , , , ,

Forex Industry Becomes King During Financial Crisis

May 11, 2012 By Leave a Comment

Forex Industry Becomes King During Financial Crisis










Toronto, Canada (PRWEB) May 31, 2009

InvestTechFX the leading 1 PIP Forex Co offering MetaTrader4 reported that the Forex industry continues to flourish despite the growing financial turmoil. While most investors are hedging or liquidating assets for fear of absolute failure, Forex traders continue to take risks, invest, and turn profits. InvestTechFX’s analyst explained that within the Forex universe, traders can make money from a contracting economy just as successfully as in a booming economy. Trading currency pairs depends on differences; for every value fluctuation that occurs, there are traders that benefit and traders that see a loss. This difference imbues the Forex market with an unusual level of economic resilience. Other markets, particularly stocks, tend to rise and fall together, like a school of fish that swims either toward the surface or towards the bottom. With Forex currency pairs, there need only be changes in the currency values relative to each other for traders to see strong profits and maintain liquidity.

InvestTechFX the leading 1 PIP Forex Co offering MetaTrader4′s analyst commented that a stock value is subject to many of the same psychological influences as that of a currency; its value is tied, more than anything, to what people believe it is worth. Since there is no intrinsic value (a dollar bill is just a piece of paper), a lack of confidence can cause a drop in market value. In the context of Wall Street, negative rumors spiraled out of control. Leading banks had made irresponsible loans and investments, than purchased insurance on those investments. The fall of Bear Sterns caused an audit that exposed the vulnerability of the other large banks on Wall Street. The growing lack of confidence caused a reluctance to offer credit, which further stifled liquidity (banks rely on the ability to borrow money from each other). The domino effect caused by the collapse of a major financial institution, often called “systemic risk”, causes an infection of fear that can leave the most secure banks and credit provides in ruin. In trying to quarantine systemic risk, a government may buy a bank instead of allowing it to fail and bring several other banks down with it. The counterpoint to systemic risk is the concept of “moral hazard”, in which federal bailouts result in the loss of integrity and discipline in the market (financial institutions behave irresponsibly under the assumption that the government won’t let them fail). Ultimately, overconfidence led to irresponsibility and overextension.    

InvestTechFX the leading 1 PIP Forex Co offering MT4 explained that the high level of individual accessibility also distinguishes the Forex market from its cousins. Intuitive software and fully-automated clearing have opened the Forex trading market to all kinds of ordinary people who can’t afford the time and money investment necessary to participate in more exclusive traditional markets. InvestTechFX cited its own initial investment minimum to be at $ 100, while market maker brokers in other trading markets routinely require a minimum $ 10,000 initial capital investment. The modern Forex market uses the communication power of the internet and customizable software like MetaTrader4 to put the power in the hands of end users. Traders can execute directly through the information charts, taking advantage of automation to reduce wasteful bureaucracy. InvestTechFX’s highly streamlined clearing processes provides savings that can be passed on directly to traders. A significant part of what keeps the Forex market economically healthy is the diversity of its participants; any trader with $ 100 and a basic understanding of currency patterns can participate successfully in the Forex market. The relative inclusiveness and diversity of Forex trading has granted the industry a level of security and liquidity, allowing it to grow amidst a confidence meltdown comparable to that of the 1930′s. The Forex trading industry does not depend on the economic prosperity of any one particular country or industry. Forex opportunities are perpetually created by the natural currency value fluctuations inherent to global capitalism. Forex, and the electronic trading industry as a whole, stand to experience consistent growth during the coming decade.

InvestTechFX the leading 1 PIP Forex Co offering MT4 conceded that no financial market or institution exists independently from the global economy; a stumbling economy with a growing unemployment rate means that fewer people have money to invest, and those that can invest will not trade as aggressively. InvestTechFX’s analyst speculated that electronic trading and Forex would likely reach an eventual plateau once the technology is fully institutionalized. Forex traders will enjoy the fundamental advantage of being able to turn profits in both growing and contracting economic times. The fertility of the Forex market depends of change, not growth.    

InvestTechFX is a No Dealing Desk Forex broker that never deals against traders. InvestTechFX provides the MetaTrader4 trading platform as well as a 1 PIP fixed spread on 6 major currency pairs. InvestTechFX supports the entire range of traders and their strategies through a comprehensive account group system supporting expert advisor robots, scalping, interest-free trading, mini/micro lot sizes, and bonus programs for large deposits. http://www.investtechfx.com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Announces Schedule of Upcoming Financial Conferences

May 8, 2012 By Leave a Comment

Vocus Announces Schedule of Upcoming Financial Conferences











A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus

Lanham, MD (PRWEB) November 3, 2010

Vocus (NASDAQ: VOCS) a leading provider of on-demand software for public relations management, announced today that Vocus executives will participate in the following upcoming financial conferences.

Wells Fargo Securities Technology, Media & Telecom Conference

November 9, 2010, 2:40pm (ET)

New York, NY

2010 RBC Capital Markets Software as a Service Conference

November 18, 2010

New York, NY

Interested parties will be able to listen to and view Vocus’ presentations by logging on through the Investor Relations section of Vocus’ website at http://onlinepressroom.net/vocus/ir/.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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IBC Advanced Alloys Reports First Quarter 2011 Financial Results

April 15, 2012 By

IBC Advanced Alloys Reports First Quarter 2011 Financial Results











IBC Advanced Alloys Corp.


Vancouver, British Columbia (Vocus/PRWEB) November 30, 2010

IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) today reported its financial results for the three-month period ending September 30, 2010. All currency amounts are expressed in US dollars. For the three-month period ended September 30, 2010, the Company reported revenues of $ 5.66 million, up 119% from the same period in 2009. The net loss for the period was $ 673,000, down 16% from the first quarter loss in the comparative period. The loss before income taxes and amortization (“EBITDA”) for the quarter was $ 92,000 compared to a loss of $ 340,000 in 2009.

The increase in revenues and improved financial performance demonstrate a strong sustained recovery in demand for the Company’s advanced alloy products. The Company continues to invest in growth through the expansion of its manufacturing operations and several business development initiatives. Ongoing investments in customer priorities, market development and production efficiencies helped IBC achieve its fourth consecutive quarter of revenue growth.

During the previous fiscal year the Company stepped up its reorganization and consolidation efforts to establish the copper alloys division and the beryllium-aluminum alloys division. The Company has also focused on centralizing key functions which has strengthened and streamlined its manufacturing and distribution capabilities. These initiatives underpin IBC’s core strategy of building a global vertically integrated advanced alloys Company to better serve the growing worldwide market and to take advantage of complementary opportunities in the increasingly important advanced alloys and rare metals market.

“IBC is off to a strong start in fiscal 2011, turning in its best first quarter so far, with record first-quarter revenue, and other positive improvements, with all key performance indicators,” said Anthony Dutton, President & CEO of IBC Advanced Alloys Corp. “This quarter IBC saw increasing confidence from its customer base as general economic conditions improved and the Company is focused on continued investments in growth, both domestically and internationally.”

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications, and a range of industrial applications. IBC has 81 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB”.

See IBC on Facebook.

This news release was prepared by management of IBC, which takes full responsibility for its contents. 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 release.

Legal Notice Regarding Forward Looking Statements

This disclosure contains certain forward-looking statements including expectations about future operating results and the benefits of relocating our beryllium-aluminum division that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights

April 15, 2012 By

TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights











Sidewinder-1 discovery stabilized flow rate 1461 BOE per day

Vancouver B.C. (PRWEB) December 3, 2010

TAG Oil Ltd., (TSX-V: TAO) a Canadian-listed, New Zealand-focused oil production and exploration company, is pleased to provide an operational update and advises that the Company has filed its second quarter financial report for the period ended September 30, 2010. All figures reported are in Canadian dollars unless otherwise noted.

TAG Recent Highlights:

    Production revenue for second quarter of $ 2.41 million.
    Successful workover operations completed on Cheal-B3 and Cheal-1 increase daily production.
    TAG acquires Cardiff condensate-rich deep gas discovery.
    Sidewinder-1 oil and gas discovery in PEP 38748 is drilled.
    Cheal-BH-1 horizontal well is drilled and completed.
    $ 60 million bought-deal equity financing closed.
    Rig agreement signed for five wells, with an additional five-well option starting early 2011.

Taranaki Basin Operations

TAG is anticipating substantial near-and-long-term production growth in Taranaki through development of multiple oil and gas discoveries within the Company’s 100%-controlled Taranaki Basin assets. The

Company plans to drill up to 10 prospects identified on 3-D seismic coverage, commencing in early 2011. This program consists of development and step-out wells within Cheal and further exploration wells in the Sidewinder project area.

For further information on TAG Oil’s Operations please visit http://www.tagoil.com/operations.asp

Sidewinder-1 Oil / Gas Discovery

TAG plans to immediately proceed with development and the commercialization of Sidewinder-1. The Sidewinder-1 exploration well was drilled to 1601m and encountered 14m of net (22m gross) oil-and-gas-bearing sandstones with excellent reservoir porosities and permeability. A 10-day production test recorded stabilized flow rates of 1461 barrels of oil equivalent (“BOE”) per day, consisting of 8.5 million cubic feet of gas and 44 barrels of oil per day.

Subsequent interpretation of bottom hole pressure build-up data indicated no measurable pressure depletion, and the extended unrestricted flow rate was calculated at 30 million cubic feet of gas per day. Production forecast modeling has focused initially on gas to date and results indicate the initial flow rates anticipated from Sidewinder-1 to be greater than 10 million cubic feet of gas per day declining over 36 months to rates still in excess of 5 million cubic feet of gas per day. Production profiles and facility plans also anticipate oil contributing more significantly to daily flow rates over time, which would be consistent to analogous oil and gas fields nearby Sidewinder.

With Sidewinder’s close proximity to existing gas and oil infrastructure, combined with New Zealand’s low royalties and oil and gas prices that are substantially higher than in North America, development of the Sidewinder discovery will be cost-effective, efficient and commercially attractive.

Cheal Oil and Gas Field

Cheal-B3, the second Mt. Messenger vertical well that TAG Oil recently optimized, has recorded significantly improved oil and gas production rates during the 50 days since the workover was completed.

Cheal-B3 is currently producing 330 BOE per day (290 barrels of oil and 40 BOE of gas per day) compared to 156 BOE per day (140 barrels of oil and 16 BOE of gas) prior to the workover operations.

The Cheal-BH-1 horizontal well reached total depth of 2285m, including a 550m horizontal section within the Mt. Messenger Formation (1735-2285m). Uphole mudlogs have recorded better than expected oil and gas shows within the secondary Urenui Formation target at a depth of approximately 1400m. In the Mt. Messenger horizontal section of the well, a total of 430m of continuous reservoir was encountered with high oil and gas readings during the drilling operations. The multi-phase fracture stimulation of the horizontal section of the well has now been completed and the Company has mobilized a coil-tubing unit to prepare the well for production testing, commencing approximately December 5, 2010.

Current production from the Cheal Field is 570 BOE per day consisting of 490 barrels of oil and 80 BOE of gas per day.

Summary of Second Quarter Results

The Company recorded production revenue of $ 2.41 million (six months: $ 4.23 million) and a net loss for the three-month period of $ 508,823 (six month loss: $ 389,384). Expenditures on the Company’s oil and gas properties during the quarter totaled just under $ 3.5 million (six months: $ 5.3 million) relating primarily to costs of the Cheal-B3 and Cheal-1 optimization operations and the Cheal-BH-1 horizontal well and the Sidewinder-1 vertical exploration well.

Liquidity and Capital Resources

The Company ended the second quarter of the 2011 fiscal year with 37,646,608 shares outstanding (44,291,060 fully diluted) with no debt, $ 23.96 million in cash and $ 22.9 million in working capital.

Subsequent to September 30, 2010 the Company issued a total of 11,550,000 common shares at a price of $ 5.20 per share for aggregate gross proceeds of $ 60,060,000, inclusive of the over-allotment option granted to the Underwriters.

This news release summarizes the Company’s 2011 second-quarter results of operations and financial condition and should be read in conjunction with its Quarterly Report, which contains unaudited consolidated financial statements and Management’s Discussion and Analysis. Copies of these documents can be obtained electronically at: http://www.sedar.com or through the Company’s website http://www.tagoil.com/financial-reports.asp.

Contact:

Dan Brown or Garth Johnson

TAG Oil Ltd. 1-604-682-6496

Website: http://www.tagoil.com

“BOE”s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Cautionary Note Regarding Anticipated Results and Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. These statements are based on certain factors and assumptions including those relating to TAG Oil’s successful exploration and development of its oil and gas properties within Cheal and the Sidewinder project area, the production of oil and gas in accordance with TAG Oil’s expectations at Cheal and at Sidewinder-1, oil and gas price assumptions and fluctuations, foreign exchange rates, expected growth, results of operations, performance, prospects, evaluations and opportunities and effective income tax rates. While TAG Oil considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein.

TAG Oil is involved in the exploration for and production of hydrocarbons and all of its current property holdings, with the exception of the Cheal Oil Field and Sidewinder-1 project area, are in the grass roots or primary exploration stage. Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. There is no certainty that the expenditures incurred on TAG Oil’s exploration properties will result in discoveries of commercial quantities of hydrocarbons. TAG Oil’s future success in exploiting and increasing its current reserve base will depend on TAG Oil’s ability to develop its current properties and on its ability to discover and acquire properties or prospects that are producing. But, there is no assurance that TAG Oil’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

Other factors that could cause actual results to differ from those contained in the forward-looking statements related to upcoming operations, production forecast modeling and other items that are set forth in, but are not limited to, filings that the TAG Oil and its independent evaluator have made, including the TAG Oil’s most recent reports in Canada under National Instrument 51-101.

Neither 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 release.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights

April 15, 2012 By

TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights











Sidewinder-1 discovery stabilized flow rate 1461 BOE per day

Vancouver B.C. (PRWEB) December 3, 2010

TAG Oil Ltd., (TSX-V: TAO) a Canadian-listed, New Zealand-focused oil production and exploration company, is pleased to provide an operational update and advises that the Company has filed its second quarter financial report for the period ended September 30, 2010. All figures reported are in Canadian dollars unless otherwise noted.

TAG Recent Highlights:

    Production revenue for second quarter of $ 2.41 million.
    Successful workover operations completed on Cheal-B3 and Cheal-1 increase daily production.
    TAG acquires Cardiff condensate-rich deep gas discovery.
    Sidewinder-1 oil and gas discovery in PEP 38748 is drilled.
    Cheal-BH-1 horizontal well is drilled and completed.
    $ 60 million bought-deal equity financing closed.
    Rig agreement signed for five wells, with an additional five-well option starting early 2011.

Taranaki Basin Operations

TAG is anticipating substantial near-and-long-term production growth in Taranaki through development of multiple oil and gas discoveries within the Company’s 100%-controlled Taranaki Basin assets. The

Company plans to drill up to 10 prospects identified on 3-D seismic coverage, commencing in early 2011. This program consists of development and step-out wells within Cheal and further exploration wells in the Sidewinder project area.

For further information on TAG Oil’s Operations please visit http://www.tagoil.com/operations.asp

Sidewinder-1 Oil / Gas Discovery

TAG plans to immediately proceed with development and the commercialization of Sidewinder-1. The Sidewinder-1 exploration well was drilled to 1601m and encountered 14m of net (22m gross) oil-and-gas-bearing sandstones with excellent reservoir porosities and permeability. A 10-day production test recorded stabilized flow rates of 1461 barrels of oil equivalent (“BOE”) per day, consisting of 8.5 million cubic feet of gas and 44 barrels of oil per day.

Subsequent interpretation of bottom hole pressure build-up data indicated no measurable pressure depletion, and the extended unrestricted flow rate was calculated at 30 million cubic feet of gas per day. Production forecast modeling has focused initially on gas to date and results indicate the initial flow rates anticipated from Sidewinder-1 to be greater than 10 million cubic feet of gas per day declining over 36 months to rates still in excess of 5 million cubic feet of gas per day. Production profiles and facility plans also anticipate oil contributing more significantly to daily flow rates over time, which would be consistent to analogous oil and gas fields nearby Sidewinder.

With Sidewinder’s close proximity to existing gas and oil infrastructure, combined with New Zealand’s low royalties and oil and gas prices that are substantially higher than in North America, development of the Sidewinder discovery will be cost-effective, efficient and commercially attractive.

Cheal Oil and Gas Field

Cheal-B3, the second Mt. Messenger vertical well that TAG Oil recently optimized, has recorded significantly improved oil and gas production rates during the 50 days since the workover was completed.

Cheal-B3 is currently producing 330 BOE per day (290 barrels of oil and 40 BOE of gas per day) compared to 156 BOE per day (140 barrels of oil and 16 BOE of gas) prior to the workover operations.

The Cheal-BH-1 horizontal well reached total depth of 2285m, including a 550m horizontal section within the Mt. Messenger Formation (1735-2285m). Uphole mudlogs have recorded better than expected oil and gas shows within the secondary Urenui Formation target at a depth of approximately 1400m. In the Mt. Messenger horizontal section of the well, a total of 430m of continuous reservoir was encountered with high oil and gas readings during the drilling operations. The multi-phase fracture stimulation of the horizontal section of the well has now been completed and the Company has mobilized a coil-tubing unit to prepare the well for production testing, commencing approximately December 5, 2010.

Current production from the Cheal Field is 570 BOE per day consisting of 490 barrels of oil and 80 BOE of gas per day.

Summary of Second Quarter Results

The Company recorded production revenue of $ 2.41 million (six months: $ 4.23 million) and a net loss for the three-month period of $ 508,823 (six month loss: $ 389,384). Expenditures on the Company’s oil and gas properties during the quarter totaled just under $ 3.5 million (six months: $ 5.3 million) relating primarily to costs of the Cheal-B3 and Cheal-1 optimization operations and the Cheal-BH-1 horizontal well and the Sidewinder-1 vertical exploration well.

Liquidity and Capital Resources

The Company ended the second quarter of the 2011 fiscal year with 37,646,608 shares outstanding (44,291,060 fully diluted) with no debt, $ 23.96 million in cash and $ 22.9 million in working capital.

Subsequent to September 30, 2010 the Company issued a total of 11,550,000 common shares at a price of $ 5.20 per share for aggregate gross proceeds of $ 60,060,000, inclusive of the over-allotment option granted to the Underwriters.

This news release summarizes the Company’s 2011 second-quarter results of operations and financial condition and should be read in conjunction with its Quarterly Report, which contains unaudited consolidated financial statements and Management’s Discussion and Analysis. Copies of these documents can be obtained electronically at: http://www.sedar.com or through the Company’s website http://www.tagoil.com/financial-reports.asp.

Contact:

Dan Brown or Garth Johnson

TAG Oil Ltd. 1-604-682-6496

Website: http://www.tagoil.com

“BOE”s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Cautionary Note Regarding Anticipated Results and Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. These statements are based on certain factors and assumptions including those relating to TAG Oil’s successful exploration and development of its oil and gas properties within Cheal and the Sidewinder project area, the production of oil and gas in accordance with TAG Oil’s expectations at Cheal and at Sidewinder-1, oil and gas price assumptions and fluctuations, foreign exchange rates, expected growth, results of operations, performance, prospects, evaluations and opportunities and effective income tax rates. While TAG Oil considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein.

TAG Oil is involved in the exploration for and production of hydrocarbons and all of its current property holdings, with the exception of the Cheal Oil Field and Sidewinder-1 project area, are in the grass roots or primary exploration stage. Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. There is no certainty that the expenditures incurred on TAG Oil’s exploration properties will result in discoveries of commercial quantities of hydrocarbons. TAG Oil’s future success in exploiting and increasing its current reserve base will depend on TAG Oil’s ability to develop its current properties and on its ability to discover and acquire properties or prospects that are producing. But, there is no assurance that TAG Oil’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

Other factors that could cause actual results to differ from those contained in the forward-looking statements related to upcoming operations, production forecast modeling and other items that are set forth in, but are not limited to, filings that the TAG Oil and its independent evaluator have made, including the TAG Oil’s most recent reports in Canada under National Instrument 51-101.

Neither 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 release.

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Saxo Bank Quarterly Outlook: The Japanization of Financial Markets

April 11, 2012 By

Saxo Bank Quarterly Outlook: The Japanization of Financial Markets










Canary Wharf, London (PRWEB) October 3, 2009

Saxo Bank predicts that monetary stimuli and government deficits are likely to continue, fostering a “Japanization” of financial markets, whereby the market will see higher price-to-earnings ratios and lower yields on both corporate bonds and treasuries.

Chief Economist at SaxoBank (http://uk.saxobank.com/en/Pages/home.aspx ), David Karsbøl, commented: “Because Western economies are more flexible and able to embrace the necessary changes, we do not think that things will get as bad as was the case in Japan. However, it is increasingly evident that the current scenario in the West bears a close resemblance to post-1990 Japan, and it looks progressively like we have entered a new regime in which everyone assumes that large companies will be bailed out. This means that default risk is ‘priced out’, and we see higher price-to-earnings ratios and lower yields on fixed income.”

In its fourth quarter outlook, the Copenhagen-based investment specialist predicts that the American economy will return to positive GDP growth in the second half of the year, but warns that the sustainability of this growth is questionable and will be largely due to government spending and inventory restocking. US unemployment will continue to rise over the coming months, and that this will further hinder debt repayments and consumption.

David Karsbol believes a USD short seems to be a vote for the global recovery and has become the, newer and better carry trade. “The very low US’s yields and need for external financing and increasing reluctance from China to buy greenbacks is a toxic cocktail that could drive the currency even weaker in the near term,” Karsbol said.

Looking towards the end of the year, market dynamics indicate a shift from this year’s equity market rally. Global equity markets rallied 59% from the March lows through to August, and looking ahead, dynamics indicate a shift in performance towards micro trends and sector-specific growth and valuation stories.

Karsbol added: “Most indicators of economic activity are stabilising, but at very depressed levels. We believe investors should continue to take cyclical risk through regional allocations, with particular emphasis on emerging markets over Europe and the US, where it will be difficult to maintain and improve growth.”

About Saxo Bank

Saxo Bank is an online trading and investment specialist, enabling Forex trading (http://uk.saxobank.com/en/trading-products/forex/pages/forex-trading.aspx ) for all of its Fx accounts (http://uk.saxobank.com/en/trading-products/pages/online-trading-products.aspx ), CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader (http://uk.saxobank.com/en/trading-platforms/pages/trader-download.aspx ), the leading online Trading platforms (http://uk.saxobank.com/en/trading-platforms/pages/online-trading-platforms.aspx ). SaxoTrader is available directly through Saxo Bank or through one of the Bank’s global partners. White Labelling is a significant business area for Saxo Bank, and involves the Bank’s online trading platform being customised and branded for other financial institutions and brokers. Saxo Bank has more than 120 White Label Partners and boasts thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, Amsterdam, Athens, France, Italy, Japan, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

For all Saxo Bank media enquiries, please contact:

Kasper Elbjørn

Head of Group Public Relations

Saxo Bank A/S London

40 Bank Street

Canary Wharf

London E14 5DA

United Kingdom

+45 3977 4300

uk.saxobank.com

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Gold and Silver Mining Companies Set to Outperform; Commodity Report by Leading Financial Newsletter Profit Confidential

April 11, 2012 By

Gold and Silver Mining Companies Set to Outperform; Commodity Report by Leading Financial Newsletter Profit Confidential











Gold and Silver Mining Companies Set to Outperform


New York, NY (PRWEB) March 07, 2012

With the recent strength in the euro currency, the spot prices of gold and silver have strengthened and this will drive up shares of mining stocks, according to Mitchell Clark, contributor to financial newsletter Profit Confidential.

In his recent Profit Confidential article, Why Oil Prices, Gold and Silver Are Looking Good Again, Clark highlights that the price action in mining stocks has a very high correlation to underlying commodity prices, which have been moving up recently.

“I still believe in the commodity price cycle and that exposure to precious metals and other commodities should be a component of an investment portfolio this decade,” says Clark.

Clark believes that the fundamentals are there to support higher prices for gold and silver. “We have inflation, strength in emerging markets, strength in the industrial economies and huge increases in the M2 money supply,” says Clark, “And of course the debasement of the U.S. dollar.”

If the U.S. economy were to show improvement over the coming quarters, Clark believes that gold, silver and oil would all soar. With that outlook, Clark thinks that gold and silver mining companies boast very good outlooks this year and next.

“Stocks, gold, silver and oil prices should move commensurately over the next few quarters, opposite to the U.S. dollar,” says Clark.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it “begged” its readers to get out of the housing market… before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.






















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Media Alert: IDC Financial Insights, Nexaweb and MindTree to Present on Multi-Channel Foreign Exchange e-Trading Web Portals

April 9, 2012 By

Media Alert: IDC Financial Insights, Nexaweb and MindTree to Present on Multi-Channel Foreign Exchange e-Trading Web Portals










North Andover, MA (PRWEB) December 13, 2010

WHAT:

This webinar will outline why “multi-channel” customer-facing e-Trading web portals will be THE major customer service imperative and market development trend in FX trading in 2011. Unlike previous “one-size-fits-all” e-FX trading platforms, a cutting edge e-FX platform in 2011 will be determined by its ability to simultaneously serve multiple customer segments, each with varying FX trading experience levels and needs, such as institutional traders, large corporates, SMEs and retail customers.

Matthew Clay of IDC Financial Insights, along with experts from Nexaweb and MindTree, will cover:


    What new customer segments will raise demand for e-FX trading in 2011 and beyond
    Differentiating service provision in treasury products: Multi-channel Electronic FX-Trading Tools
    Defining the vision for next-generation FX e-trading portals

WHEN:

Tuesday, December 14, 2010 3PM GMT (10AM EST)

WHERE:

Via GoToWebinar. Register at: https://www1.gotomeeting.com/register/883467680

About Nexaweb

Named a “Hot Banking Technology Company” to watch by Forrester Research in 2010, Nexaweb Technologies, Inc. is the leading innovator of solutions for migrating and extending business applications to the Web. Rabobank, Wooribank, Sungard, Jeffries & Co, Mizuho Bank and others have used the Nexaweb FX Accelerator and Nexaweb Enterprise Web Suite to transform complex internal trading systems into easy to use, customer-facing e-trading solutions that increase customer acquisition, retention and satisfaction. For the latest news and information, follow Nexaweb on Twitter at http://www.twitter.com/Nexaweb and visit http://www.nexaweb.eu.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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