Turning Pennies into dollars: (OTC: MGRN), (OTCBB: DMEC), (OTC: SPZI), (OTCBB: SGZH)
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MONOGRAM ENERGY INCORPORATED (OTC: MGRN) up 14.29% in morning trading
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
May 13 - Monogram Energy Inc. Continues to Produce in Corsicana, Texas
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the Company will begin workovers on 3 additional wells early next week in Corsicana, Texas. These wells are part of the T.W. Martin lease and are expected to produce an estimated 270 barrels a month. The workover is expected to take one week to complete and will increase the total number of wells in production to eight. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, which produces around 600,000 barrels annually.
"These next three wells should provide us with some nice operating cash flow," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
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DOMESTIC ENERGY CORPORATION (OTC: DMEC) up 566.67% in morning trading
Domestic Energy Corp. operates as an independent oil and gas exploration and development company. It focuses on the acquisition of wells and shale leases in the Chattanooga Shale in Tennessee. The company was formerly known as Homeland Security Group International, Inc. and changed its name to Domestic Energy Corp. in March 2008. Domestic Energy Corp. is based in San Diego, California.
DMEC News:
May 14 - Domestic Energy Acquires 90 Wells With Shale Potential
Domestic Energy Corp. (OTCBB: DMEC) announced that it has acquired the working interest and operating rights to more than 90 wells in Tennessee with Chattanooga Shale potential.
"Initially, we plan to re-complete and stimulate several of these wells that are currently producing limited amounts of crude oil and natural gas," explained Larry Hillabrandt, Domestic CEO. "The long term potential is the development of the Chattanooga Shale in these wells. The Chattanooga Shale, like the Barnett Shale in Texas and the Marcellus shale in Pennsylvania and New York has been overlooked until just recently, when new stimulation techniques have opened the door to development of this source of natural gas," he added.
Domestic Energy Corp., an independent oil and gas exploration and development firm, acquired the wells from several Tennessee-based privately owned companies, in a cash and stock transaction. The firm plans to evaluate the wells in the coming months, rank the wells based on potential and begin stimulating the shale, while building a gas gathering system to transport the gas to an interstate market.
Hillabrandt noted that the newly acquired wells are within 17 miles of a Consol Energy Chattanooga Shale well that had an IP of 3.9 MMCF of gas per day. "For the time being we will focus on evaluating, prioritizing and stimulating our vertical wells, and we will evaluate the potential for drilling one or more horizontal wells in the future," he added.
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SPOOZ INCORPORATED (OTC: SPZI) up 42.86% in morning trading
Spooz, Inc. provides a suite of solutions for financial trading to traders and hedgers. It offers SpoozToolz and its modules, which add built-in trading capabilities to the Microsoft Excel software application by combining a customizable interface and streaming quotes, charts, technical analysis, a historical database, and electronic trade execution into an add-in that becomes a part of the Excel tool bar. These Excel add-in tools provide trading and analysis screens; and promote building customized templates that track the market value of users' portfolios, asset inventories, and production using data directly from their existing accounting systems. The company also provides SpoozCTS Simulator that provides functional trading simulation with live market data from CBOT and CME electronic futures contracts. The company is based in Chicago, Illinois.
SPZI News:
May 14 - Spooz Launches Strategy Control Dashboard for SpoozToolz
Spooz, Inc. (OTC: SPZI) announced the release of powerful new strategy control features for SpoozToolz that empower brokers and traders to run, monitor and manage multiple automated trading strategies simultaneously:
* Rapid development, deployment and production of algorithmic trading strategies;
* Connectivity to exchanges, brokers, data, and third party applications; and,
* Control of multiple strategies and their associated risk and profit targets.
SpoozToolz utilizes Microsoft Excel as the Graphical User Interface (GUI) because it is the global standard for financial analysis and trading decision support. There are 440 million installations of Excel globally and it is supported in more than 50 languages. SpoozToolz adds toolbar functions to Excel that enable the trader to quickly and easily create quote and click oriented trading screens, algorithmic and "black-box" systems. SpoozToolz enables the trader to bring concept to production in hours instead of weeks or months. Add-on modules provide specialized functionality in the form of SpoozChartz, Spooz AutoSpreader, and Spooz CPM (Custom Pricing Module).
Connectivity to market data and execution through broker are accomplished via the ToolzKit. The ToolzKit renders the SpoozToolz middleware highly extensible by enabling the trader with the ability to create adapters to connect to an Excel enabled execution, order and position management. A test application GUI is included to aid the trader in connecting applications to SpoozToolz or connecting SpoozToolz to a wide selection of vendor price feeds, broker feeds or execution gateways. C# scripting capability is available in the ToolzKit for low latency strategies and systems. AlgoServer will eventually provide the trader with the ability to co-locate low latency solutions closer to exchanges for low- latency execution.
The Control Dashboard addition rounds out the platform's robust functionality by giving the trader the ability to rapidly deploy strategies and manage multiple automated trading strategies simultaneously. Although Strategies may be developed in Excel, the low latency execution of orders is performed in the SpoozToolz C# middleware. The Control Dashboard displays activity, position, fills, and status of each running strategy as well as customizable risk and profit algorithms.
Due to the virtually unlimited flexibility of SpoozToolz the market scope is tremendous. Any exchange listed financial instrument can be traded; including stocks, futures, options, ETFs, Forex, cross asset class spreads, and uniquely customizable, and tradable synthetic instruments.
With the addition of the Control Dashboard, SpoozToolz befits hedge funds, brokerages, proprietary trading firms, as well as the independent trader because it empowers buy and sell side market participants to create and trade custom synthetic instruments. SpoozToolz is currently being deployed to brokers and proprietary trading firms in the Chicago area. Distribution to independent traders will begin later this year.
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SONGZAI INTERNATIONAL HOLDING GROUP (OTCBB: SGZH) up 22.14% in morning trading
Songzai International Holding Group, Inc., through its subsidiary, produces coal by locating, assembling, assessing, permitting, and developing coal properties in the People's Republic of China. It operates TongGong coal mine located in the Heilongjiang Province in northeastern China. The company sells coal primarily to power plants, cement factories, whole sellers, and individuals for home heating. Songzai International Holding Group was founded in 2001 and is headquartered in Walnut, California.
SGZH News:
May 13 - Songzai International Holding Group Inc. Announces First Quarter 2008 Financial Results
Songzai International Holding Group Inc. (OTCBB: SGZH) (the "Company"), a coal producer and reseller based in China, announced consolidated financial results for the first quarter ended March 31, 2007.
Q1 FY2007 Revenue Increases approximately 367% to $4.1 Million as compared to $0.88 Million in Q1 FY2006 "We are pleased with the results for the first quarter of 2008 in light of the increased sales and improved margins as compared to the same period last year," said Hongjun Li, President of Songzai. "At the same time, we believe that the outlook for the market needs of coal remains strong as energy demands in China continue to increase."
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