HLXW — Helix Wind, Corp. (OTCBB)
Penny Stocks
Boca Raton,FL Sept 7th , 2010 THE STOCK WIZARDS PENNYSTOCKS FOCUS LISTS INCLUDES: (OTCBB: HLXW ) Helix Wind, Corp. (OTC: QOIL) QOIL — Quest Oil Corp. (OTCBB: FLPC) First Liberty Power Corp.
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(OTCBB: HLXW — Helix Wind, Corp.
CURRENT NEWS!!
Helix Wind Receives Purchase Order for S594 Wind Turbines
POWAY, Calif., Sept 07, 2010 /– Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company, announced today that in cooperation with its distributor SWG Energy, Inc., the Company has accepted an executed purchase order to provide twenty-four (24) S594 wind turbines for the Oklahoma Medical Research Foundation (OMRF). This additional purchase order was received after installation and successful completion of standard testing for two units that were previously sold to the facility as part of the overall project.
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Mike Morgan, Executive Vice President and Chief Operating Officer of OMRF said, “We are confident that Helix Wind turbines will meet our requirements. This is cutting-edge technology, and we believe we’re the first research organization to install a vertical-axis wind turbine farm on our roof. Helix Wind’s S594 offers a reliable wind turbine that operates effectively in our environment. It also meets our low-noise requirements. With their double-helix shape, the wind turbines are shaped like a DNA molecule, and that’s a perfect symbol for a biomedical research institute like OMRF.”
Scott Weinbrandt, Chairman, CEO & President of Helix Wind said, “We are excited to be working with our distributor partner (SWG Energy, Inc.) and the OMRF team to provide a solution to meet their renewable energy requirements. This unique medical research facility has specific renewable energy needs that Helix Wind, Corp. can provide with its small wind vertical axis technology. This joint effort amongst the teams has resulted in a state of the art roof top mount specifically designed for the medical research facility.”
About Helix: Helix Wind, Corp., a global renewable energy company is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, and 4.5kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.
(OTC: QOIL — Quest Oil Corp.)
Current News !!
Quest Oil Management Provides Update
KERRVILLE, Texas, Sep 03, 2010 Gears-up to Execute 2010 Exploration Program
Quest Oil, Inc. (Pinksheets: QOIL), an independent oil and gas exploration company, is pleased to provide shareholders with an update on the latest business developments within the Company. (For more information see: http://www.qoilcorp.com)
On Friday, August 06, 2010, Quest Oil announced that it successfully completed the acquisition of B&B Oil, Inc. In an all share exchange transaction, Quest Oil acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets.
In management’s view, B&B Oil’s assets in the Midkiff and Hawkeye Fields in Texas are economically attractive and geologically sound properties that have significant upside development and revenue potential. From 2007 to the present, B&B Oil acquired oil and gas leases that consist of approximately 560 acres in Hawkeye Field and approximately 398 acres in the Midkiff Field in Eastland County, Texas. These properties include wells that are currently productive, and numerous prospects that management believe warrant further exploration and development. Productive wells on the leases will require relatively modest capital expenditures to generate cash flow from production.
Commenting on the completion of the acquisition of B&B Oil, Joe Wallen, CEO of Quest Oil, stated, “The assets we acquired from B&B Oil are a tremendous first step for Quest Oil. The Midkiff and Hawkeye Fields in Texas represent highly prospective, low risk drilling prospects in a play that is renowned for hydrocarbon production. We now plan to roll out a targeted work program and a development strategy that will maximize oil production via the stimulation of existing wells and through the introduction of state of the art technologies, such as hydrocarbon imaging, in the exploration phase.”
Quest Oil’s goal is to proactively minimize risk by teaming with experienced exploration companies and project operators, and leverage their local experience and knowledge. Quest Oil seeks to strategically build wealth from mature prospects with proven reserves. Accordingly, we plan to maintain an aggressive M&A growth strategy, which will include the acquisition of small to mid-tier oil and gas exploration companies with significant growth potential.
Quest Oil believes that there is significant opportunity in the acquisition of mature prospects in mature oil fields that generate smaller output. The major oil companies and the large independents have divested of these assets in favour of larger potential oil and gas plays, even though these prospects possess significant proven reserves. With the strength in oil prices, and with gas prices steadily improving, there will continue to be ample opportunities for smaller independent companies such as Quest Oil to acquire and develop these mature petroleum leases and to build significant production volumes and revenues.
Now preparing to commence its 2010 work program, Quest Oil has assembled an experienced team of local managers and engineers who have in-depth, historical knowledge of regional oil and gas exploration plays in Texas. Quest Oil’s current management team is led by Joseph Wallen, Frank Grabs and Robert J. Clark. As required, consultants and advisors are engaged on a contract basis to minimize capital expenditures. Quest Oil’s management team is comprised of the following key individuals:
Joseph F. Wallen, CEO and Director — An oil and gas consultant, Mr. Wallen graduated from the University of Texas and has spent the last 30 years working with numerous mid-tier oil and gas companies. Mr. Wallen understands the complexities of oil and gas accounting and field operations, including internal accounting, management of leases and government filings, and daily communications with field personnel. Mr. Wallen has worked in the prolific Altamont-Bluebell Field in the Uintah Basin of Utah, with Roadrunner Oil Inc, an independent operator, consulted for Tauren Exploration in Texas, and Wallstin Petroleum, a company he founded and merged with Quest Oil Corporation. In January 2007 Mr. Wallen acquired B&B Oil, Inc., serving as President and CEO, and established Mason Oil & Gas, LLC acquiring his own oil and gas properties.
Frank Grabs, Vice President of Operations and Director — Mr. Grabs is the owner of Ranger Vader Construction in Cisco, Texas, where he manages all facets of site construction, the trucking of heavy equipment, excavation demolition and oil field service. During his extensive career he has managed crews, supplies control, payroll and has submitted project bids. Since 2008, Mr. Grabs has been a partner of B&B Oil, Inc., managing workover operations in the oil and gas industry.
Robert J. Clark, Director — Robert J. Clark is a thirty-two year veteran in the oil and gas industry, and has numerous years of experience marketing crude oil and natural gas liquids for major energy firms that include PetroSource Partners, Farstad Oil & Gas, and Unichem. As a business owner and management consultant, Mr. Clark has experience in oil and gas lease acquisition, ownership, and operations, having successfully built and managed operational service companies for gas processing, well stimulation, and chemical applications in the energy complex. These firms included: Clark Chemicals, Founder and Owner; Champion Chemicals, District Manager; Clark Consulting, Owner; Gardner Clark, Inc., President, Owner; Permian-Texas NGL, L.P., Managing Partner; Excel Filters, L.P., Managing Partner; Permian Energy, L.L.C., Managing Partner. Mr. Clark currently serves as President of Hydrocarbon Imaging Services, LLC, a company that promotes a revolutionary radiometric technology that identifies and quantifies oil and gas fields. Mr. Clark has been a member of Society of Petroleum Engineers since 1981, has been an active member of the Board of Directors of the Permian Basin CO2 Symposium since 1998, and has been a member of the Permian Basin Gas Society since 1993-1999. Mr. Clark resides in Andrews, Texas, in the heart of the Permian Basin.
About Quest Oil, Corp.
Quest Oil, Corp. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management’s view, significant upside potential. Quest Oil is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil’s development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.questoil.com.
(OTCBB: FLPC — FLPC — First Liberty Power Corp.)
Current News !!
First Liberty Power Corp. Commissions Additional Gravity Survey on Lida Valley Lithium Claim
LAS VEGAS, NV, Sep 07, 2010 — First Liberty Power Corp. (“the Company”) (OTCBB: FLPC) announced today that Hasbrouck Consulting has been contracted to conduct a second Gravity Survey of the Lida Valley, Nevada lithium brine prospects.
Glyn Garner, President and CEO of First Liberty Power Corp., commented, “The Gravity Survey completed in June 2010 by Hasbrouck Geophysics defined a large basin structure within Lida Valley, Nevada. A region of increased bedrock depth occurs in the southern part of Lida Valley and continues to the southeast. The evaluation of the available gravity survey data indicates additional survey lines should be established in the southern region of Lida Valley to determine if the structural basin is an enclosed or open basin. Recommendations have been made to continue the gravity survey 5 kilometers south which would determine the potential of Lida Valley containing a favorable enclosed basin structure for lithium brine enrichment.”
The LVW claims share a similar geology and weathering history to nearby Clayton Valley. The LVW Claims are located within 15 miles of the Montezuma Peak, which is believed to be the source of the region’s lithium. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from a lithium enriched brine located below the surface. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.
First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries.
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Penny Stocks Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Penny Stocks
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