Turning Pennies into dollars: (OTCBB: BSIC) , (OTC BB:BPMA), (OTC BB:BCTE) , (OTCBB: BSHF)
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March 31, 2008-- Basic Earth Science Systems, Inc. (Basic or the Company) (OTC Bulletin Board: BSIC) reported that, along with its partner, it has brought two of its four production facilities back on-line with eight wells in each facility on production. Two facilities with 16 total wells remain shut-in or un-stimulated while awaiting completion of the remaining tank batteries. In the southwest production facility, in addition to Basic's net revenue interest (NRI) and future J Sand production potential, the following table shows the initial production rate for each of the new wells in that quarter section:
Well Name Bbls. Oil/Day MCF/Day NRI J Sand
USA 19-36 60 225 0.14375 No
USA 32-36 40 72 0.14375 No
USA 33-36 97 262 0.16375 No
USA 35-36 80 220 0.02000 No
USA 36-36 162 450 0.02000 Yes
As previously disclosed, these wells are part of a sixteen well development drilling program in the heart of Colorado's Wattenberg gas field. Basic expects to have a 2% to 16.375% revenue interest in Codell/Niobrara production and a 13.125% to 52.5% revenue interest in J-Sand production (depending on actual well location). However, initially, all new wells will produce from the Codell/Niobrara formation alone. The Company expects to spend a total of $2 million for its share of the cost of drilling and completing these wells. Kerr-McGee Oil & Gas Onshore, LP will be the Operator of the project.
Founded in 1969, Basic is an oil and gas exploration and production company with primary operations in select areas of the Williston basin, the Denver-Julesburg basin in Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast. Basic is traded on the "over-the- counter - bulletin board" under the symbol BSIC. Basic's web site is at www.basicearth.net where additional information about the Company can be accessed.
BSIC "closed yesterday at $1.10 per share."
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March 31, 2008-- Benda Pharmaceutical, Inc. (OTC Bulletin Board: BPMA ), a China-based pharmaceutical company producing both Gendicine®, a commercialized gene therapy medicine for the treatment of cancer, and traditional Chinese and conventional medicines, today announced financial results for the fourth quarter and fiscal year ended December 31, 2007. The Company plans to file its Annual Report with the SEC today.
The Company's general and administrative expenses in 2007 were $13.9 million compared to $2.5 million in 2006. The $11.4 million increase in 2007 was driven by $9.4 million in non-recurring costs, including $8.4 million in non-cash stock compensation expense for consulting services related to the acquisition of SiBiono and a $1.0 million cash penalty recorded in 2007 because of the late submission of the effective registration statement. For additional information regarding these items, please refer to the Company's Annual Report. Excluding these non-recurring expenses, operating income for the year 2007 would have been $5.8 million, up 92% from $3.0 million in 2006.
Benda Pharmaceutical, Inc., a China-based pharmaceutical company, produces traditional Chinese and conventional medicines, as well as Gendicine®, a commercialized gene therapy medicine for the treatment of cancer.
BPMA "closed yesterday at $0.30 per share."
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March 31, 2008-- Big Cat Energy Corporation (OTC Bulletin Board: BCTE) today provided an update on activities. Over the past 2 months Management of Big Cat Energy has been in discussions and meetings with numerous Coal Bed Methane (CBM) operators in the Wyoming Powder River Basin (WPRB) to further pilot projects of the ARID Tool. As a result of these meetings another major CBM operator has agreed to test 4 pilot areas, each consisting of 2 to 4 wells. In addition, a smaller producer will begin testing several ARID tools in their project area, in the very near future.
Big Cat Energy Corporation has developed a patented technology called the ARID Tool (Aquifer Recharge Injection Device), a revolutionary new method of water handling that provides coal bed methane wells with the ability to redistribute produced water. This revolutionary new coal bed methane production technology will allow coal bed methane operators to process produced water at a fraction of the cost of current technology.
BCTE "closed yesterday at $0.60 per share."
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Mar 31, 2008 -- BioShaft Water Technology Inc. (OTC BB:BSHF.OB) (the "Company" or "BioShaft") is pleased to announce that a case study written by Dr. Hans Badreddine about the implementation of a municipal wastewater treatment plant in Kuwait has been published in the February / March 2008 issue of Water & Wastewater International.
BioShaft is an innovative wastewater treatment technology based on Bio-Filtration utilizing sludge carriers. These plants are made using the Hans BioShaft Turbine that is at the heart of the wastewater technology. It was developed in the Netherlands in 1994 and was improved upon by Dr. Hans Badreddine and implemented as Hans BioShaft®. It is patented in the United Kingdom and the patent is pending in the United States. To date there are more than 30 Hans BioShaft domestic waste water treatment plants in use throughout the world. The plants have many benefits over traditional waste water treatment systems. Some of these benefits include: almost no odor -- the plants are considered odorless; no sludge -- the patented BioShaft's attached growth process results in the elimination of sludge; the BioShaft has much lower energy consumption, and less significant land requirements. The Hans BioShaft® System is a process that can maintain itself as well as the world's environment at a much higher level than conventional sewage treatment technology. In other words, the Hans BioShaft® System is a Sustainable Technology. Many other benefits are detailed on the company's website www.bioshaft.com
BSHF "closed yesterday at $1.69 per share."
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