Stocks to Watch: Gemini Explorations, Inc. (OTC BB:GXPI), Baseline Oil & Gas Corp. (OTC BB:BOGA.OB) , NewMarket Technology, Inc. (OTC BB:NMKT) , American Goldfields Inc. (OTC BB:AGFL.OB) , Neah Power Systems, Inc (OTCBB: NPWS)
Featured Stock: Gemini Explorations, Inc
(OTC BB: GXPI)
Current Price: (0.16)
Gemini Explorations Inc. Receives Joint Venture Proposal to Expand the Los Chorros Gold Project
CALGARY, AB-- Nov 20, 2007 -- Gemini Explorations Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has received a joint venture proposal from concession holders adjoining the Los Chorros Gold Mine. The proposal would expand Gemini's land position and increase the scale of the Los Chorros Gold project. Gemini had received a number of joint processing proposals and has now expanded those proposals to include ownership in the adjoining concessions. Gemini's plans are to build a modern processing facility at Los Chorros with far greater recovery rates of the gold and other precious metals present. The new joint ownership and processing proposals in the adjoining mine concessions present an excellent opportunity for Gemini to increase revenue, expand mine life and accelerate the capital recovery costs of modernizing the Los Chorros mine. Gemini reported on November 5, 2007 that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
Gemini Explorations Inc.
Suite 103, 240-11th Ave SW
Calgary, AB T2R 0C3
Source: Gemini Explorations Inc.
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Baseline Oil & Gas Corp.
Current Price (0.52)
HOUSTON, Nov. 21, 2007-- Baseline Oil & Gas Corp. (``Baseline'' or the ``Company'') (OTC BB:BOGA.OB - News) announced today that it has retired $1.65 million aggregate principal amount of convertible promissory notes due November 15, 2007 (the ``Notes''). Such Notes constituted 70% of the $2.375 million aggregate principal amount of Notes issued by Baseline in November of 2005. At or prior to November 15, 2007, holders of $0.725 million of the Notes elected to convert their Notes into shares of Baseline common stock. All Notes were convertible into Baseline common stock at $0.50 per share and earned interest at the rate of 10% per annum during the first 18 months and 12% per annum during the next 6 months. The Notes which were repaid eliminated the need for Baseline to issue 3.3 million additional shares of common stock. Cash on hand was utilized to repay such Notes. Baseline Oil & Gas Corp. operates as an independent oil and gas exploration and production company in the United States. It holds a direct working interest in approximately 171,000 acres in the Illinois Basin located in southern Indiana; and working interests in approximately 4600 acres known as the Eliasville field located in Stephens County in north Texas or approximately ninety miles west of Fort Worth. The company was founded in 2004 and is based in Houston, Texas.
NewMarket Technology, Inc.
Current Price (0.19)
DALLAS, TX----Nov 21, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today that Dr. Flavio Chaves of Sao Paulo, Brazil, will be presenting on the business and economic opportunities in Brazil at the upcoming Emerging Market Seminar to be hosted January 18, 2008, at the Fairmont Hotel in Dallas, Texas by NewMarket Technology. NewMarket is an innovative technology company developing new technology services in the world's emerging markets. NewMarket currently reports approximately $25 million in annualized revenue from South America and $40 million in annualized revenue from Asia. The seminar will follow the NewMarket Technology Annual Town Hall being held January 17th at 3:30 pm CST at the Fairmont Hotel. NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.
American Goldfields Inc.
Current Price (0.70)
BURNABY, BRITISH COLUMBIA----Nov 21, 2007 -- American Goldfields Inc. (OTC BB:AGFL.OB - News) is pleased to report on its portfolio of Nevada gold projects. American Goldfields' previous drill programs encountered new areas of gold mineralization near surface, but under alluvial cover. The ongoing drilling program is targeting these previously unrecognized gold-rich zones to identify near surface reserves. Drilling is progressing with six holes completed. The company believes the Hercules property contains one of the most significant untested Comstock-type vein systems in the Western United States. The company intends to provide further updates in the next several weeks.
Neah Power Systems, Inc
Current Price (0.21)
BOTHELL, Wash.--Nov 21--Neah Power Systems, Inc. (OTCBB:NPWS) notes its trading symbol was temporarily changed because of a clerical error associated with the change of its fiscal year, as reported in an 8-K filed on November 2, 2007. As a result of the change in fiscal year, no Form 10-QSB is due for the 3-month period ended September 30, 2007. A transition report on Form 10-KSB for the 9-month period ended September 30, 2007 will be due on or before December 31, 2007, and the company intends to file this in a timely fashion. Neah Power Systems, Inc. is a leading developer of fuel cells for military applications, notebook computers and portable electronic devices. The company's patented, porous silicon-based design will provide long-lasting, efficient and safe power solutions. As an emerging leader in fuel cell technology, Neah Power's products will allow users to extend the operating time of 10 to 100 watt devices multiple times beyond that of conventional batteries. Further company information can be found at our website www.neahpower.com.
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