--(www.USEquityNews.com)-- 02/04/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Venoco, Inc. (NYSE: VQ) recently announced that Tim Marquez, Chairman and CEO, will be making a presentation at the Credit Suisse 2008 Energy Summit on Tuesday, February 5, 2008 at 9:40 a.m. Eastern Time (7:40 a.m. Mountain). The presentation slides will be available after market-close on Monday, February 4th via the Investor Relations page of the company website -- http://www.venocoinc.com. Venoco is an independent energy company primarily engaged in the acquisition, exploitation and development of oil and natural gas properties in California and Texas.
Pioneer Drilling Co. (AMEX: PDC), which provides land contract drilling services, said recently it will buy some Wedge Group Inc. divisions for $303 million. The transaction will be funded with cash on hand and a five-year, senior secured revolving credit agreement of up to $350 million. Pioneer said the acquisition will help it expand from a land driller to an energy services provider.
GeoMet, Inc. (NASDAQ: GMET) announced recently that it has provided instructions to its transfer agent, American Stock Transfer & Trust Company, to allow non-affiliate holders of its restricted common stock purchased in the Company's private placement completed in January 2006 to remove the restrictive legends from these shares in connection with their sale. The restrictive legends apply to the Company's restricted common stock under CUSIP number 37250U102. In connection with these instructions to AST, all shares of common stock privately placed in January 2006 can be sold under Rule 144(k), as promulgated under the Securities Act of 1933.
MegaWest Energy Corp. (OTCBB: MGWSF), an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, recently announced that it has filed amended and re-stated annual financial statements for the years ended April 30, 2007 and 2006 to include a re-stated note for the additional disclosures required under US Generally Accepted Accounting Principles ("GAAP"). The Company's financial position and results, as previously reported under Canadian GAAP, have not changed. MegaWest owns or has the right to earn an interest in over 115,000 acres in Missouri, Kansas, Kentucky, Texas and Montana.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.
