gestern nen neues Jahreshoch in den USA und geht auch schon gut ab hier
Das kam wohl gestern in den USA raus. Zumindest war die Pressemitteilung dazu von gestern
Striving To Fuel Our World: Barnabus Energy
by Glenn Wilkins - AllPennyStocks.com News Reporter
September 1, 2005 (AllPennyStocks.com Media, Inc.) - Events in recent years have pointed out the urgency of finding alternative fuels - most recently, the skyrocketing price of gasoline at the pumps this summer. The continued dilemma in Iraq has given most consumers little hope that these prices will soon find their way down.
One company, out of Carlsbad, California, making a serious pitch in the alternative fuels game is Barnabus Energy. The Company is exploring and developing oil and natural gas reserves in the western half of North America, besides undertaking feasibility studies towards the acquisition of alternative, sustainable energy sources.
Barnabus notes on its company website that many of the key players in the petroleum industry are coming around to that way of thinking, by their diversification into wind, solar and hydrogen technologies - companies such as Shell, BP and Chevron, as well as General Electric. Barnabus also cites its own efforts at funding its own drilling enterprises and a well-balanced portfolio of exploration and development opportunities that promise strong cash flow for investors wishing to take part. The Company has thrown in its lot with bigger conglomerates on what it claims are low-risk, high-reward projects to enhance shareholder value.
Barnabus' President Kerry Nagy has been in this role since the Company was founded in April 2002 (it was known then as Barnabus Enterprises), having come from the insurance industry, where he'd been an underwriter. Nagy had also been in the financial services industry as a loans officer with a British Columbia-based credit union. One other director, David Saltman, who signed on in August, also heads up a building materials company in California, while still another, Tedman Williams, has spent a number of years in the information technology industry. Together, the three are building a base of expertise on which they hope to grow the company.
Barnabus Energy has put a lot of its capital - financial and otherwise - into the solar panel business. In early August, it signed a Memorandum of Understanding to acquire a 20-percent interest in Solar Roofing Systems (SRS), with an eye to acquiring a majority interest in the company before too long. SRS, which has offices in Ontario, Arizona and Los Angeles, produces leading-edge environmentally friendly technology that uses photovoltaics to make electricity.
Later on in the month, Barnabus acquired Innova Exploration's working interest in the Manyberries Area of Southeastern Alberta, a deal which includes significant working interests on existing wells, gathering pipelines, well site and plant facility equipment.
The Southern Alberta region is rich in natural gas formations and the Company is working to realize the area's full potential. Barnabus Energy also intends to seek out shallow "sweet and sour" gas reserves (as determined by the sulfur content). As of June 2005, Barnabus has raised $1,000,000 towards meeting an expenditure commitment of an estimated $3,000,000 (all values in U.S. dollars unless specified otherwise) for the capital required for drilling, pipeline and facility construction for further development of its primary oil and gas project, Manyberries, in Southeastern Alberta.
Barnabus' research has forged links with experts in the energy field such as Dr. Melvin Prueitt, a 30-year veteran of the nuclear industry who spent much of his time at the Los Alamos laboratory in New Mexico. Prueitt's research led to an invention called "Suncone". Successful commercialization of this technology shows promise of cost-effectively producing low-cost electricity, using only the concentrated energy of the sun.
The Company put more of its emphasis on the energy sector when it changed its name to Barnabus Energy in April of this year, having decided to capitalize on its links with some of the major players in the industry.
Barnabus is in something of an advantageous position. Its stock, which trades on the OTCBB under the ticker symbol BBSE, is at a 52-week peak of $1.36 -head, shoulders and torso above its low of 25 cents, in the last week of August last year. As the thirst for alternative sources of energy intensifies, and people grow more frustrated with the prices they pay at the pumps for the energy they need, look for this stock to continue its march "sunward."
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Barnabus Energy Inc. (BBSE:OTCBB), the compensation is five thousand dollars from a third-party, Venture Communications Limited.this creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at
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