Financial EveryDay

Department of Human Services Launches Video Relay Interpreting (VRI) Services in Victoria With Vantage’s Support

admin — Wed, 17 Mar 2010 05:09:00 +0000

Vantage Systems Pty Ltd Provides and Manages VRI Infrastructure

MELBOURNE, AUSTRALIA–(Marketwire – Mar 17, 2010) – The Department of Human Services (DHS) functions with Vantage Systems, a heading Australian provider of audio, video and web conferencing solutions, to design, exercise and conduct a Video Relay Interpreting (VRI) Service in Victoria. Lisa Neville MLC, Minister for Community Services, strictly launched the make use of at the Geelong Hospital yesterday.
The VRI Service aims to urge entrance to the Auslan interpreting services for Victoria’s Deaf and tough of discussion village by the make use of of Information Communication Technology (ICT) such as tall speed broadband and video communication.
In 2009, following a feasibility investigate and commercial operation case, the VRI Service was trialled opposite 6 (6) DHS nominated sites via informal Victoria, together with VicDeaf (Auslan interpreting service), On Call (DHS denunciation make use of provider), Bendigo Hospital (Bendigo, Loddon Mallee), Latrobe Community Health Service (Morwell, Gippsland), VicDeaf (Ballarat, Grampions), and DHS Regional Office (Geelong, Barwon South West).
The DHS teamed up with Vantage Systems to design, implement and conduct the simple-to-use video conferencing solution. The resolution for the VRI trial, consisting of a tall clarification (HD) video conferencing system, a 50″ plasma, a trolley, microphone and speakers, went ‘live’ on Thursday, 1st Oct 2009.
To safeguard a consistent and consistently tall turn of service, Vantage actively monitors all VRI sites and conducts each day technical testing. During the trial, weekly reports were supposing to DHS highlighting the opening of the complement for any and each video discussion session.
“Vantage’s purpose is to await DHS to get the most suitable formula from the VRI Service. By on condition which an end-to-end managed service, we safeguard which village members and interpreters have entrance to video record which is reliable, with great receptive to advice and design quality, assisting them to promulgate effectively inside of their community,” pronounced Mark Buckley, CEO of Vantage Systems.
The VRI make use of indication has valid to be in effect and appropriate. With the key of VRI services in 4 farming centres, the uptake in Auslan interpreting increasing by some-more than 200% opposite all sites. There was additionally an enlarge in uptake of Auslan interpreting altogether in Victoria compared to the same duration in the prior year.
About Vantage
Vantage is an Australian ‘Meeting Solutions’ pioneer. Established in 1995 with an IT concentration on conferencing and audio visible integration, Vantage provides audio, video and web conferencing solutions which precedence believe and time. Through vital partnerships with companies similar to Polycom, Tandberg, Adobe and Microsoft, innovative record and joining to the top peculiarity of make use of Vantage assists organisations to emanate worth commercial operation communication. By charity a extensive portfolio of services which embody managed services, hosted services, network services, await and consultancy, Vantage maximises the success of these report exchnage solutions.
Vantage has offices and affiliates in Asia-Pacific and Europe. For some-more report on Vantage Systems, greatfully revisit www.vantage.com.au.

Block Imaging International, Inc. Announces Joint Venture

admin — Wed, 17 Mar 2010 04:07:00 +0000

LANSING, MI–(Marketwire – Mar 17, 2010) – Block Imaging International, Inc., the premier eccentric tellurian marketer of pre-owned and refurbished Medical Imaging systems, announces a corner try agreement with Japan’s M-Cast, Inc., a auxiliary of leasing hulk Mitsubishi UFJ Leasing and Finance. This agreement will yield M-Cast with entrance to Block Imaging’s worldwide network of business for the sale and deployment of Medical Imaging systems returned from lease.
Mitsubishi is one of Japan’s largest and many reputable monetary institutions with a immeasurable leasing portfolio which includes semiconductor production equipment, industrial appurtenance tools, IT and Medical Imaging systems. MUFJ, by the M-Cast group, finance management all sorts of healing apparatus for hospitals and clinics and together with high-end CT and MRI systems. Block Imaging International, Inc., headquartered in Lansing, MI USA, has grown dramatically given the pregnancy in 1997 and is right away the tellurian personality for the squeeze and sale of pre-owned and refurbished Medical Imaging apparatus together with CT, MRI, PET/CT, X-ray, C-arm, Nuclear, Mammography, Bone Densitometry, Linear Accelerators and Lithotripsy equipment. In 2009 Block determined Block Imaging Parts and Service, Inc. which is right away a fast flourishing classification dedicated to tellurian sales of parts, in-house refurbishment of imaging systems and an careful common risk use program, Flex Service. Block has 5 offices in the USA, one bureau in Europe and one bureau in Japan with the Nihon Block Imaging KK auxiliary headquartered in Tokyo.
The partnership in between these dual poignant organizations will well prove M-Cast’s need for the sale and deployment of the substantial supply of Medical Imaging systems, and Block Imaging’s need for some-more peculiarity apparatus to encounter the flourishing tellurian demand. Japan has some-more Medical Imaging apparatus per capita than any alternative nation in the world. Both Parties guess which in 3 years or reduction 1,000,000,000 JPY in annual exchange will start by this corner venture.

Wyse Gyrls Pink Cashmere Celebrity Golf Tournament Is an Educational Hole in One

admin — Wed, 17 Mar 2010 04:01:00 +0000

BEVERLY HILLS, CA–(Marketwire – Mar 17, 2010) – Rhonda Coleman, CEO and Executive Producer of Wyse Gyrls, voiced currently that the First Annual Wyse Gyrls Pink Cashmere Celebrity Golf Tournament is to be hold at the stand in 5 star St. Regis Monarch Beach in Dana Point, CA.
The Wyse Gyrls advocates tall feat in preparation and positive, applicable choices in edutainment. The St. Regis boasts the famous Robert Trent Jones Jr. written Links golf march with monumental views and featuring dual holes on the Pacific Ocean. Guests will suffer a fanciful diversion of golf and an afternoon champagne brunch during this not to be longed for tall feat in preparation meets edutainment attention mixer.
“Everyone’s a leader when they await Wyse Gyrls,” says Coleman. A stirring Hole-In-1 Contest offers a oppulance vehicle esteem for the leader with the deduction donated to Wyse Gyrls Philanthropic, the classification that empowers girls and advocates correct choices in all areas of their lives together with education, careers and relationships.
Wyse Gyrls Academy, an all lady K -12 prep propagandize strictly non-stop this year and aims to offer thousands of girls national with a concentration on transforming at risk girls in to tall achievers. The school’s innovative practical member digitally delivers 100+ courses together with honors, unfamiliar languages and offers ivy-league powerful partnerships. The Wyse Gyrls learn their students interactively with out-of-the-box courses together with neuroscience, discuss psychology, distortion detection, most appropriate biological collect selection, white and black pr, vital operations and negotiations, weed roots campaigning, linguistics, monetary literacy, entrepreneurial studies, resources creation, open speaking, rival debate, etiquette, self invulnerability and more.
The Wyse Gyrls cocktail group’s multilingual true A honors tyro organisation members move their “A” diversion and will fool around in the tournament. Wyse Gyrls self-titled entrance manuscript arrives this summer. The Wyse Gyrls portfolio includes calm travelling cranky platforms.
The eventuality is scheduled to be held Friday May 28, 2010. The Wyse Gyrls, A-list celebrities, party and jot down tag executives, CEOs, investors, physicians, attorneys, alternative venerable individuals, and the media will lift the club and recognition for tall feat in preparation and edutainment.
Strategic sponsorship opportunities have been available. Preview The Wyse Gyrls Pink Cashmere Celebrity Golf Tournament Event Sponsorship Deck. Visit us online http://www.wysegyrls.com

CFIA/Expanded Health Hazard Alert: Certain Frontier Brand Seasonings and Spices may Contain Salmonella Bacteria

admin — Wed, 17 Mar 2010 03:38:00 +0000

OTTAWA, ONTARIO–(Marketwire – Mar 16, 2010) – Audio clips accessible at www.inspection.gc.ca/english/corpaffr/relations/indexaude.shtml.
The open notice released Mar 12, 2010 has been stretched to embody one some-more products.
The Canadian Food Inspection Agency (CFIA) is notice the open not to devour the Frontier formula taste additives and artificial flavouring described next since these products might be infested with Salmonella.
The following taste additive and spices, made by Frontier Natural Products Co-op, Norway, Iowa, USA, have been influenced by this alert. These products enclose black peppers that has been removed by Mincing Overseas Spice Company of Dayton, New Jersey, USA since of probable decay with Salmonella.

—————————————————————————Brand Product Size UPC Lot code—————————————————————————Frontier Garlic N Herb sixteen oz. / 453 g 0 89836 00295 2 0035, 9324, mix 9334, 9344, 9363—————————————————————————Frontier Greek Seasoning mix sixteen oz. / 453 g 0 89836 00353 9 0032, 9310—————————————————————————Frontier Muchi Curry Powder sixteen oz. / 453 g 0 89836 00138 2 0004, 9350—————————————————————————Frontier Spaghetti Seasoning sixteen oz. / 453 g 0 89836 00384 3 9341—————————————————————————Frontier Thai Seasoning mix sixteen oz. / 453 g 0 89836 00387 4 0015—————————————————————————Frontier Veggie Pepper mix sixteen oz. / 453 g 0 89836 00366 9 0034, 9352—————————————————————————

The influenced products might additionally have been sole in bulk. If you think you have purchased these artificial flavouring and taste additives and cannot formula the strange formula or code, you have been suggested to check with your place of purchase.
These products might have been distributed nationally.
There have been no reported illnesses compared with the expenditure of these products.
Food infested with Salmonella might not demeanour or smell spoiled. Consumption of food infested with these germ might means salmonellosis, a food borne illness. In immature children, the aged and people with enervated defence systems, salmonellosis might means critical and infrequently lethal infections. In differently full of health people, salmonellosis might means short-term symptoms such as tall fever, serious headache, vomiting, nausea, intestinal suffering and diarrhoea. Long-term complications might embody serious arthritis.
The importers have been willingly recalling the influenced products from the marketplace. The CFIA is monitoring the efficacy of the recall.
For some-more report consumers and attention can call the CFIA at 1-800-442-2342 / TTY 1-800-465-7735 (8:00 a.m. to 8:00 p.m. Eastern time, Monday to Friday).
For report on Salmonella, revisit the Food Facts web page at: http://www.inspection.gc.ca/english/fssa/concen/cause/salmonellae.shtml.
For report on all food recalls, revisit the CFIA’s Food Recall Report at: http://active.inspection.gc.ca/eng/corp/recarapp_dbe.asp.
To find out some-more about reception recalls by e-mail, and alternative food reserve facts, revisit the web site at: www.inspection.gc.ca.

E.ON and ScottishPower Awarded CCS Funding, an Industrial Info News Alert

admin — Wed, 17 Mar 2010 03:00:00 +0000

GALWAY, IRELAND–(Marketwire – Mar 16, 2010) – Written by Martin Lynch, European News
Editor for Industrial Info (Galway, Ireland) — German appetite hulk E.ON AG (PINKSHEETS:EONGY) (Dusseldorf) and ScottishPower
(Glasgow, Scotland) have been awarded vicious appropriation by the U.K.
government to allege their CO constraint and storage (CCS) projects at the Kingsnorth and Longannet coal-fired
power plants. The companies will right away be means to move their commander projects
to the subsequent theatre of growth in credentials for ramping them up to
full-scale CCS plants by the 2014 deadline.

Earlier this month, E.ON expelled sum for creation the 1,940-megawatt
(MW) Kingsnorth plant in Kent the centre of a carbon-capture pipeline
network. Rival ScottishPower has identical CO2-pipeline skeleton for its
2,304-MW Longannet plant in Fife, Scotland, recruiting Shell UK (London,
England), a auxiliary of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands)
and National Grid plc (NYSE:NGG) (London) to assistance emanate a viable
method of transporting and storing prisoner CO2 underneath the sea bed.

For details, perspective the complete essay by subscribing to Industrial Info’s
Premium Industry News at
http://www.industrialinfo.eu/showNews.jsp?newsitemID=157349, or browse
other violation industrial headlines stories at www.industrialinfo.eu.

Industrial Info Resources (IIR) is the heading provider of tellurian market
intelligence specializing in the industrial process, complicated manufacturing
and appetite markets. IIR’s quality-assurance philosophy, the Living Forward
Reporting Principle™, provides up-to-the-minute comprehension on what’s
happening now, whilst all the time gripping lane of destiny opportunities. For
more report send inquiries to europe@industrialinfo.eu or revisit us
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Roger’s House Telethon Raises $606,183 for the Pediatric Respite and Palliative Care Centre

admin — Wed, 17 Mar 2010 02:35:00 +0000

OTTAWA, ONTARIO–(Marketwire – Mar 16, 2010) - As a outcome of substantial munificence from the village and the await of a series of corporate partners, the Sens Foundation lifted $606,183 during tonight’s seventh annual Roger’s House Telethon presented by CN. Monies lifted will capacitate the Sens Foundation to encounter the ongoing appropriation joining to the region’s usually pediatric remit and palliative caring centre. Donations were picked up by phone and web pledges, content messages, in-game contributions and cheques presented to the substructure by internal organizations who hosted events.
Senators owners Eugene Melnyk challenged viewers to assistance pull the telethon past the $500,000 symbol by relating all pledges done during the initial intermission. “Each year, this telethon serves to remind us all how critical Roger’s House is as place of love and compassion,” pronounced Melnyk, a first unite of Roger’s House. “The telethon supports we lifted together as a caring village have been a small gesticulate of interjection to the young kids of Roger’s House who show us because joy, idea and complacency should be in the lives daily.”
“We’re grateful for the donations done this evening,” pronounced Sens Foundation boss Danielle Robinson. “We not long ago committed an one some-more $100,000 per year over the subsequent dual years to Roger’s House, bringing the annual joining to $850,000. These supports will safeguard the ‘house which love built’ is there for family groups during what can be the longest and many formidable tour of their lives. On interest of those families, I would similar to to appreciate everybody who done a donation, hold or participated in an event, as good as the sponsors, many particularly the pretension unite CN, who helped us lift the much-needed funds.”
“It’s unbelievable,” pronounced Roger’s House senior manager executive Lloyd Cowin when asked about the results. “As we pronounced regularly during the telethon, we can’t regularly shift the end for critically sick young kids but we can have their tour a small easier. Every donor, proffer and corporate unite who helped progressing this dusk should be unapproachable of the disproportion they will have in the lives of the family groups we serve.”
The telethon was promote live on Rogers Sportsnet as the Ottawa Senators hosted the Toronto Maple Leafs at Scotiabank Place progressing this evening. Rob Faulds of Rogers Sportsnet and CTV Ottawa’s Leanne Cusack served as hosts of the annual event.
Roger’s House, the gift of preference of the Sens Foundation, provides a extensive pediatric remit and palliative caring module with elements of outreach, residential hospice, suffering and sign management; pique and anguish counselling and research. Since opening the doors in May 2006, Roger’s House has had some-more than 950 admissions. Children and girl have been invited to come to Roger’s House for support, caring and comment by the specialized group of healing professionals. Immediate family have been speedy to stay in the trickery to embrace await and preparation in propinquity to their child’s on-going illness. The idea of the stay is to encourage the peculiarity of family life.

Petrobank Reports Q4 2009 Funds Flow From Operations of $279.0 Million or $2.65 Per Share

admin — Wed, 17 Mar 2010 02:33:00 +0000

Petrobank Reports Q4 2009 Funds Flow From Operations of $279.0 Million or $2.65 Per Share

CALGARY, ALBERTA--(Marketwire - March 16, 2010) - Petrobank Energy and Resources Ltd. ("Petrobank" or the "Company") (TSX:PBG) is pleased to announce 2009 fourth quarter financial and operating results highlighted by funds flow from operations of $2.65 per diluted share and net income of $0.56 per diluted share.

Petrobank's results include the financial and operating results of PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN), 64% owned by Petrobank, and Petrominerales Ltd. ("Petrominerales") (TSX:PMG), 66% owned by Petrobank. PetroBakken announced fourth quarter and 2009 year end financial and operating results on March 4, 2010. PetroBakken's fourth quarter results include the results of TriStar Oil and Gas Ltd. ("TriStar") that was acquired on October 1, 2009. Petrominerales announced fourth quarter and 2009 year end financial and operating results on March 1, 2010.

All references to $ are Canadian dollars unless otherwise noted.

HIGHLIGHTS

Q4 2009 Highlights and Significant Transactions

- Petrobank's consolidated production increased 87% to 70,176 barrels of oil equivalent per day ("boepd") in the fourth quarter of 2009 compared to 37,618 boepd in the fourth quarter of 2008.

- Funds flow from operations increased by 89% to $279.0 million in the fourth quarter of 2009. On a per diluted share basis, funds flow from operations increased 63% to $2.65.

- Net income more than doubled to $57.1 million in the fourth quarter of 2009. On a per diluted share basis, net income increased 65% to $0.56.

PetroBakken

- On October 1, 2009, Petrobank's 64% owned subsidiary, PetroBakken, acquired TriStar. PetroBakken's results reflect TriStar's assets, liabilities, and operating results for the period following the closing of the transaction on October 1, 2009.

- Fourth quarter production more than doubled to 45,621 boepd compared to 22,274 boepd in the fourth quarter of 2008, primarily due to the acquisition of TriStar and continued production additions from our Bakken light oil properties in southeast Saskatchewan.

- Operating netbacks (excluding hedging gains) averaged $46.68 per boe in the fourth quarter of 2009, an increase of 20% compared to the fourth quarter of 2008, primarily due to higher benchmark oil prices.

- PetroBakken drilled 64.8 net wells in the quarter, the vast majority of which were drilled in southeast Saskatchewan.

Petrominerales

- Fourth quarter production increased to 24,555 barrels of oil per day ("bopd") compared to 15,344 bopd in the fourth quarter of 2008, due to production increases at Corcel, Mapache and Neiva.

- Operating netbacks averaged US$47.37 per barrel, an increase of 34% compared to the fourth quarter of 2008, primarily due to higher benchmark oil prices.

2009 Highlights and Significant Transactions

- Petrobank's consolidated production increased 69% to 48,693 boepd in 2009 from 28,742 boepd in 2008 due to production increases in PetroBakken and Petrominerales.

- Funds flow from operations increased 5% to $697.4 million in 2009 despite significantly lower oil and natural gas benchmark prices. On a per diluted share basis, funds flow from operations only decreased 2% to $7.17 in 2009.

- Net income decreased to $145.1 million in 2009. On a per diluted share basis, net income decreased by 45% to $1.52 in 2009, mainly due to lower oil and natural gas benchmark prices.

PetroBakken

- 2009 production increased 48% to 26,333 boepd compared to 17,775 boepd in 2008, due to production additions from our Bakken light oil properties and the acquisition of TriStar in the fourth quarter of 2009.

- Operating netbacks averaged $43.04 per boe, a decrease of 37% compared to 2008, primarily due to lower benchmark oil and natural gas prices.

- Drilled 117.3 net wells in 2009, the vast majority of which were in southeast Saskatchewan.

Petrominerales

- 2009 production more than doubled to 22,360 bopd compared to 10,967 bopd in 2008, primarily due to exploration success at Corcel and Mapache along with additions from our development program at Neiva.

- Operating netbacks averaged US$38.20 per barrel, a decrease of 42% compared to 2008, primarily due to lower benchmark oil prices.

- Most active exploration company in Colombia in 2009 drilling 10 exploration and 36 development wells.

- Constructed the Monterrey crude oil offloading facility providing strategic offloading capacity.

- Strong financial position with an undrawn US$150 million credit facility, top-decile operating netbacks combined with significant production and cash flow growth.

- Repurchased 1,991,000 common shares.

- Entered an agreement to acquire all of the outstanding shares of PanAndean Resources plc ("PanAndean") (AIM:PRE) for Pounds Sterling 18.7 million (US$28.5 million). PanAndean assets include four blocks in Peru and one in Colombia totalling 6.3 million gross (2.7 million net) acres.

Subsequent Events

- On January 8, 2010, Petrobank completed an early conversion offering which resulted in US$250.7 million principal amount of 5.125% convertible debentures due July 10, 2015 being exercised early. Upon the conversion, a total of 7,452,099 Petrobank common shares were issued.

PetroBakken

- January 2010 production averaged 43,600 boepd, after the disposition in December 2009 of approximately 2,000 boepd.

- On January 25, 2010, PetroBakken completed a US$750 million of convertible debenture offering. The debentures are convertible into common shares of PetroBakken at a conversion price of US$39.61 per share, have an annual coupon rate of 3.125% and mature in February 2016.

- On January 28, 2010, PetroBakken entered into an arrangement agreement to acquire all of the issued and outstanding shares of Result Energy Inc. ("Result") for cash consideration of $200 million and the issuance of 11.2 million PetroBakken common shares. Result had positive working capital of approximately $60 million as at the announcement date. The arrangement is expected to close on or about April 1, 2010.

- On February 25, 2010, PetroBakken acquired all of the issued and outstanding shares of Berens Energy Ltd. for a cash consideration of $271 million and the assumption of bank indebtedness of approximately $72 million for total consideration of approximately $343 million.

- On March 12, 2010, PetroBakken acquired all of the issued and outstanding shares of Rondo Petroleum Inc. ("Rondo") for consideration of $88.7 million cash, the issuance of approximately 5.5 million PetroBakken shares and the assumption of Rondo's debt. As a result, Petrobank's ownership interest in PetroBakken is now 62%.

- In February and early March 2010 PetroBakken closed three divestitures representing approximately 3,100 boepd (55% natural gas) of production for gross proceeds of $112 million.

Petrominerales

- Production has increased significantly since the Candelilla-1 and 2 wells were placed on production, averaging 41,102 bopd in February 2010.

PETROBANK'S LIQUIDITY AND CAPITAL RESOURCES

Petrobank, PetroBakken and Petrominerales manage their capital structure independently, they generate their own cash flows, and have the ability to fund their operations through the issuance of secured and unsecured debt as well as equity financing. Petrobank's capital resources are focused on funding corporate and Heavy Oil Business Unit expenditures. At December 31, 2009, independent of PetroBakken and Petrominerales, Petrobank on a standalone basis had no bank debt outstanding and positive working capital of $21.2 million.

Based on Petrobank's current ownership and PetroBakken's intentions of paying an annual dividend of $0.96 per PetroBakken share, Petrobank expects to receive $105 million of dividends annually from PetroBakken paid monthly. Petrobank can also raise funds by selling a portion of its ownership in PetroBakken and Petrominerales or by issuing additional debt secured by these interests.

Petrobank expects to sufficiently fund our HBU capital expenditure program and convertible debenture interest with existing cash, available credit, cash from operations and dividends received from PetroBakken.

SUMMARY OF FINANCIAL AND OPERATING RESULTS

The following table provides a summary of Petrobank's financial and operating results for the three and twelve month periods ended December 31, 2009 and 2008. Consolidated financial statements with Management's Discussion and Analysis ("MD&A") will be available on the Company's website at www.petrobank.com and on the SEDAR website at www.sedar.com.




                         Three months ended                 Years ended
                             December 31,                   December 31,
                                            %                             %
                   Q4 2009    Q4 2008  change       2009       2008  change
----------------------------------------------------------------------------
Financial
($000s, except
 where noted)
Oil and natural gas
 revenue           446,021    206,161     116  1,093,674    950,068      15
Funds flow from
 operations (1)    279,004    147,813      89    697,437    665,933       5
 Per share
  -basic ($)          2.99       1.78      68       7.88       8.09      (3)
  -diluted ($)        2.65       1.63      63       7.17       7.28      (2)
Net income          57,108     28,083     103    145,079    244,482     (41)
 Per share
  -basic ($)          0.61       0.34      79       1.64       2.97     (45)
  -diluted ($)        0.56       0.34      65       1.52       2.76     (45)
Capital
 expenditures
 PetroBakken (2)   177,278    200,186     (11)   394,023    545,833     (28)
 Petrominerales
  (3)               86,566     56,325      54    320,815    281,748      14
 HBU                15,554     23,471     (34)    76,019     82,332      (8)
----------------------------------------------------------------------------
 Total Company     279,398    279,982       -    790,857    909,913     (13)
Total assets     5,766,568  2,361,707     144  5,766,568  2,361,707     144
Common shares
 outstanding,
 end of year
 (000s)
 Basic              93,617     83,525      12     93,617     83,525      12
 Diluted (4)       108,596     99,043      10    108,596     99,043      10
----------------------------------------------------------------------------
----------------------------------------------------------------------------


Operations
PetroBakken operating
 netback ($/boe
 except where noted)
 (1)(5)
 Oil and NGL
  revenue
  ($/bbl) (6)        71.63      57.71      24      64.27      92.80     (31)
 Natural gas revenue
  ($/mcf) (6)         4.61       6.86     (33)      4.40       8.06     (45)
 Oil and natural
  gas revenue (6)    65.05      55.90      16      58.97      86.78     (32)
 Royalties           10.14       8.62      18       8.55      10.03     (15)
 Production
  expenses            8.23       8.24       -       7.38       8.76     (16)
----------------------------------------------------------------------------
 Operating netback
  (7)                46.68      39.04      20      43.04      67.99     (37)
Petrominerales
 operating netback
 ($/bbl)(1)
 Oil revenue (6)     65.23      54.93      19      56.59      87.15     (35)
 Royalties            7.14       4.68      53       5.76       8.46     (32)
 Production expenses  8.05       7.80       3       8.01       9.08     (12)
----------------------------------------------------------------------------
 Operating netback
  (7)                50.04      42.45      18      42.82      69.61     (38)
Average daily
 production
 PetroBakken - oil
  and NGL (bbls)    38,796     19,841      96     22,648     15,369      47
 PetroBakken -
  natural gas
  (mcf)             40,951     14,598     181     22,110     14,436      53
----------------------------------------------------------------------------
 Total PetroBakken
  (boe) (5)         45,621     22,274     105     26,333     17,775      48
 Petrominerales -
  oil (bbls) (8)    24,555     15,344      60     22,360     10,967     104
----------------------------------------------------------------------------
 Total Company
  conventional
  (boe) (9)         70,176     37,618      87     48,693     28,742    69
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(1) Non-GAAP measure. See "Non-GAAP Measures" section in this press release.
(2) PetroBakken was referred to in prior quarters as the Canadian Business
    Unit ("CBU") and only includes operational results of TriStar after
    October 1, 2009.
(3) Petrominerales was referred to in prior quarters as the Latin American
    Business Unit ("LABU").
(4) Assumes 10.7 million common shares will be issued upon conversion of
    Petrobank's convertible debentures.
(5) Six mcf of natural gas is equivalent to one boe.
(6) Net of transportation expenses.
(7) Excludes hedging activities.
(8) Actual production sold for the fourth quarter of 2009 was 25,607 bopd
   (Q4 2008 - 15,344 bopd), and for the year ended December 31, 2009 was
    22,490 bopd (2008 - 10,967 bopd).
(9) HBU bitumen volumes are excluded from average daily production as
    Conklin operations are considered to be in the pre-operating stage and
    accordingly are capitalized.

2009 YEAR END RESERVES AND RESOURCES

Petrobank announced year-end reserves on March 10, 2010, highlighted as follows.

- Total Company share of proved plus probable ("2P") reserves increased by 26% to 197.0 million barrels of oil equivalent ("boe") (2P + best estimate contingent resources - 796.1 million boe).

- Total Company share of 2P NPV, before tax, increased by 40% to $4.3 billion (2P + best estimate contingent resources - $7.1 billion).

- HBU 2P reserves plus best estimate contingent recoverable bitumen resources totaled 669.1 million barrels with NPV, before tax, discounted at 8% of $3.3 billion.

- McDaniel and Associates Consultants Ltd. ("McDaniel") completed the first comprehensive evaluation (the "Transition Report") of THAI^TM at our Conklin project as the initial step for assigning reserves and resources, concluding that the Conklin Project is successfully proving the THAI^TM process. The Transition Report assigns a best estimate THAI^TM exploitable bitumen-in-place of 1.8 billion barrels on our Whitesands leases, exceeding the SAGD exploitable bitumen-in-place by 17% or 259 million barrels.

- PetroBakken 2P reserves increased by 141% to 143.6 million boe at December 31, 2009.

- PetroBakken 2009 working interest production was replaced 9.9 times as a result of increases in reserves from operations and acquisitions.

- PetroBakken NPV (before tax, discounted at 10%) of 2P reserves increased by 145% to $3.7 billion.

- Petrominerales total proved reserves increased by 43% to 36.0 million barrels of oil and 2P reserves increased by 44% to 53.1 million barrels of oil.

- Petrominerales total proved reserve additions replaced 2009 production by 232% and 2P reserve additions replaced 299% of 2009 production.

- Petrominerales NPV (before tax, discounted at 10%) of 2P reserves increased by 69% to US$2.1 billion.




CORPORATE RESERVES / RESOURCES SUMMARY BY BUSINESS UNIT


Working Interest, Forecast Prices
                                                                      Total
                              PetroBakken Petrominerales     HBU  Company(1)
                                    (mboe)        (mbbls) (mbbls)     (mboe)
----------------------------------------------------------------------------
Developed Producing                59,412         18,533       -     50,255
Total Proved                       89,470         35,987       -     81,012
Proved + Probable (2P)            143,638         53,107  70,013    196,992
Best Estimate Contingent
 Resources                              -              - 599,081    599,081
2P + Best Estimate Contingent
 Resources                        143,638         53,107 669,094    796,073


(1) Total Company includes only Petrobank's 64% share of PetroBakken
    reserves and 66% share of Petrominerales reserves, as at December 31,
    2009.



Net Present Value, Before Tax, Forecast Prices (millions) (1)
                                                                      Total
                                PetroBakken Petrominerales   HBU  Company(2)
                                         ($)          (US$)   ($)        ($)
----------------------------------------------------------------------------
Developed Producing                   1,921            844     -      1,812
Total Proved                          2,456          1,458     -      2,579
Proved + Probable (2P)                3,651          2,082   482      4,257
Best Estimate Contingent
 Resources                                -              - 2,828      2,828
2P + Best Estimate Contingent
 Resources                            3,651          2,082 3,310      7,085



Net Present Value, After Tax, Forecast Prices (millions) (1)
                                                                      Total
                                PetroBakken Petrominerales   HBU  Company(2)
                                         ($)          (US$)   ($)        ($)
----------------------------------------------------------------------------
Developed Producing                   1,719            715     -      1,594
Total Proved                          2,090          1,134     -      2,121
Proved + Probable (2P)                2,969          1,555   370      3,344
Best Estimate Contingent
 Resources                                -              - 1,958      1,958
2P + Best Estimate Contingent
 Resources                            2,969          1,555 2,329      5,303


(1) Net present values are discounted at 10% for PetroBakken and
    Petrominerales, and at 8% for the HBU.
(2) Total Company includes only Petrobank's 64% share of PetroBakken
    reserves and 66% share of Petrominerales reserves, as at December 31,
    2009 converted using a US$/$ exchange rate of 1.0466.

INVESTOR CONFERENCE CALL

Management of Petrobank will be holding a conference call for investors, financial analysts, media and any interested persons on Wednesday, March 17, 2010 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time) to discuss Petrobank fourth quarter financial and operating results. The investor conference call details are as follows:

Live call dial-in numbers: 416-340-2216 / 866-226-1792

Replay dial-in numbers: 416-695-5800 / 800-408-3053

Replay pass code: 7306464

The live audio webcast link is: http://events.digitalmedia.telus.com/petrobank/031710/index.php and is also available on our website at: http://www.petrobank.com/investors/.

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Latin America. The Company operates high-impact projects through three business units and a technology subsidiary. The Canadian Business Unit, operated by Petrobank's 62% owned TSX-listed subsidiary, PetroBakken Energy Ltd. (TSX:PBN), is a premier light oil production company combining high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. The Latin American Business Unit, operated by Petrobank's 66% owned TSX listed subsidiary, Petrominerales Ltd. (TSX:PMG), is a Latin America-based exploration and production company producing oil in Colombia with 14 exploration blocks covering a total of 1.8 million acres in the Llanos and Putumayo Basins and 2.6 million gross acres in the Ucayali Basin of Peru. Whitesands Insitu Partnership, a partnership between Petrobank and its wholly-owned subsidiary Whitesands Insitu Inc., owns 75 net sections of oil sands leases in Alberta, 36 sections of oil sands licenses in Saskatchewan and operates the Whitesands project which is field-demonstrating Petrobank's patented THAI ^TM heavy oil recovery process. THAI ^TM is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil that integrates existing proven technologies and provides the opportunity to create a step change in the development of heavy oil resources globally. THAI ^TM and CAPRI ^TM are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank.

Non-GAAP Measures: This press release contains financial terms that are not considered measures under Canadian generally accepted accounting principles ("GAAP"), such as funds flow from operations, funds flow per share and operating netback. These measures are commonly utilized in the oil and gas industry and are considered informative for management and shareholders. Specifically, funds flow from operations and funds flow per share reflect cash generated from operating activities before changes in non-cash working capital. Management considers funds flow from operations and funds flow per share important as they help evaluate performance and demonstrate the Company's ability to generate sufficient cash to fund future growth opportunities and repay debt or financing obligations. Profitability relative to commodity prices per unit of production is demonstrated by an operating netback. Funds flow from operations, funds flow per share and operating netbacks may not be comparable to those reported by other companies nor should they be viewed as an alternative to net income or other measures of financial performance calculated in accordance with GAAP.

The following table shows the reconciliation of funds flow from operations to cash flow from operating activities for the periods noted:




                                     Three months ended         Years ended
                                            December 31,        December 31,
                                         2009      2008      2009      2008
----------------------------------------------------------------------------
Funds flow from operations: Non-GAAP  279,004   147,813   697,437   665,933
 Changes in non-cash working capital   70,385    75,853    18,377   (12,323)
----------------------------------------------------------------------------
Cash flow from operating activities:
 GAAP                                 349,389   223,666   715,814   653,610
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Forward-Looking Statements: Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Specifically, this press release contains forward-looking statements relating to financial results, results from operations and the timing of certain projects. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our Canadian securities filings. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in oil prices; the results of exploration and development drilling, recompletions and related activities; timing and rig availability, outcome of exploration contract negotiations; fluctuation in foreign currency exchange rates; the uncertainty of reserve estimates; changes in environmental and other regulations; risks associated with oil and gas operations; and other factors, many of which are beyond the control of the Company. There is no representation by Petrobank that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Petrobank assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

Barrels of Oil Equivalent: Disclosure provided in this press release in respect of barrels of oil equivalent ("boe") units may be misleading, particularly if used in isolation. A boe conversion relationship of 6 mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

Resources and Contingent Resources: In this press release, Petrobank has disclosed estimated volumes of "contingent resources" or "resource" estimates. "Resources" are oil and gas volumes that are estimated to have originally existed in the earth's crust as naturally occurring accumulations but are not capable of being classified as "reserves". The following are excerpts from the definition of "contingent resources" as contained in Section 5 of the COGE Handbook, which is referenced by the Canadian Securities Administrators in "National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities". "Contingent resources" are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political, and regulatory matters, or a lack of markets. It is also appropriate to classify as "contingent resources" the estimated discovered recoverable quantities associated with a project in the early evaluation stage. "Contingent resources" are further classified in accordance with the level of certainty associated with the estimates and may be sub classified based on project maturity and/or characterized by their economic status. "Resources" and "contingent resources" do not constitute, and should not be confused with, reserves.

Possible Reserves: Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves.

Net Present Values: Estimated values of future net revenue disclosed in this press release do not necessarily represent fair market values.

Aggregation of Reserves and Resources: Certain tables in this press release contain volumes that are an arithmetic sum of multiple estimates of reserves and resources, which statistical principles indicate may be misleading as to volumes that may actually be recovered. Readers should give attention to the estimates of individual classes of reserves or resources and appreciate the differing probabilities of recovery associated with each class of reserves and resources, as discussed herein, and as discussed in our Annual Information Form which will be filed on the SEDAR website at www.sedar.com later in March.

MPL Communications Inc.: News Release

admin — Wed, 17 Mar 2010 02:00:00 +0000

TSX Venture Exchange Suspends Trading in MPL Shares

TORONTO, ONTARIO–(Marketwire – Mar 16, 2010) – MPL Communications Inc. (TSX VENTURE:MPZ) announces which trade in the usual shares was dangling by the TSX Venture Exchange in effect Mar 11, 2010. MPL schooled of the cessation late yesterday.
The cessation followed a trade hindrance which was imposed by the TSXV on Sep 29, 2009 during the march of a TSXV association review. MPL and the TSXV intent in months of extensive association given the trade hindrance was imposed. MPL stands by the on all sides and thinks which serve information exchnage at this time is doubtful to lead to fortitude of the issues lifted by the TSXV. It will additionally outcome in authorised and accounting shortcoming which MPL cannot means and obstruct the courtesy of MPL’s directors and government divided from handling the commercial operation by the stream severe environment. The TSXV told MPL which disaster to reply to the ultimate association in a demeanour acceptable to the TSXV might outcome in a trade suspension.
Although trade in MPL’s shares has been dangling by the TSXV, trades outward of the comforts of the TSXV have been unaffected.

Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

4th Annual TradeTech Japan To Address The Impact Of Arrowhead On Trading

admin — Wed, 17 Mar 2010 01:30:00 +0000

SINGAPORE, SINGAPORE–(Marketwire – Mar 17, 2010) – WBR have been gay to be behind in Tokyo for the 4th Annual TradeTech Middle East conference. Taking place 8-9 June, the eventuality has determined a repute for bringing together over 325 general and made at home item managers, brokers, exchanges and vendors to expostulate creation in trade and trade record in Japan in equities and pick item classes.
This eventuality promises to be some-more sparkling than ever. Jan 2010 saw the successful key of Arrowhead, the Tokyo Stock Exchange’s brand brand new trade system. As good as shortening latency and augmenting trade potency (a brand new inform estimated which trade costs had been cut by a third), it is approaching to lead to an enlarge in marketplace liquidity and with which brand brand new opportunities such as some-more tall magnitude trade and some-more marketplace share for pick execution systems and dim pools.
Leading speakers at the eventuality include:
Yoshinori Suzuki, Managing Director & Chief Information Officer, Tokyo Stock Exchange on Arrowhead’s launch and feedback from marketplace participants
Phil Allison, Global Co-Head of Direct Execution & Head of Client Trading and Execution – EMEA, UBS Investment Bank on his thoughts on tall magnitude trade and the stroke on Japan
Takashi Nakamura, General Manager – Trading Department, Tokio Marine Asset Management on how he uses Smart Order Routing
Sang Lee, Managing Partner, Aite Group on the prospects for expansion for pick trade venues and PTSs in Japan
Hirokaze Fujisawa, Executive Director & General Manager, Japan Securities Clearing Corporation on the ultimate developments in bonds clearing
Dr Eisuke Sakakibara, ‘Mr Yen’ Former Vice Finance Minister, on his mercantile opinion for Japan in 2010 and beyond
Professor Ishiguro Department of System Innovation, Graduate School of Engineering Science, Osaka University, on the subsequent era of synthetic comprehension and what it equates to for the destiny of trading
Buy side can attend for giveaway and for sell side and vendors this email entitles you to a 10% discount.
Visit www.tradetechjapan.com to find out more.

Pacific Lottery Corporation Update

admin — Wed, 17 Mar 2010 01:01:00 +0000

CALGARY, ALBERTA–(Marketwire – Mar 16, 2010) – Pacific Lottery Corporation (the “Corporation”) (TSX VENTURE:LUK) (FRANKFURT:PCF) provides the following corporate update. The Corporation is gratified to suggest which 4th entertain income formula prove a fifth uninterrupted entertain of one after another clever growth. Preliminary formula show the lottery turnover grew to (USD adjusted) $ 868, 855 an one more 15% enlarge over the before 3rd Quarter’s considerable 26% expansion results. The finish 2009 formula exhibit a expansion of over 125% in lottery turnover from the before year finale Dec 31st. Furthermore, this augmenting income form has one after another brazen in to mercantile 2010 with increasing normal every day sales of over 7% for the initial 2 months of the year when compared to 4th entertain 2009 lottery turnover. Also, the Corporation serve advises which it has successfully one after another the module to reduce the price form in these formidable mercantile times and reports which it has done poignant swell in squeezing the monthly handling waste whilst concurrently expanding the revenues via 2009. The Corporation expects this ongoing focus of receptive to advice mercantile beliefs in and with one after another income expansion to beget net certain money flows in 2010.
In alternative developments, the Corporation advises which the doing routine for the rising of the brand new mobile phone lottery services in Vietnam has unfortunately been slower than expected due to destined circumstances. The Corporation continues to work diligently towards usual resolutions of these issues and stays assured it will be means to make known the launch of this groundbreaking use really shortly. The Corporation stays vehement about the huge intensity of mobile phone placement services, not long ago postulated capitulation by the authorities, and looks brazen to the most benefits which will accumulate to all the interest holders once entirely implemented.
About Pacific Lottery Corporation:
Pacific Lottery Corporation is intent in the sustenance of extensive computerize on-line and mobile phone lottery record and associated veteran services for smoothness to a flourishing assembly of general customers. Today, the Corporation to one side leads the technical await activities for the usually certified State run on-line lottery module in Vietnam.
SEC 12g grant 82-4832
This recover contains forward-looking statements inside of the definition of the Private Securities Litigation Act of 1995. Investors have been cautioned which such forward-looking statements engage risk and uncertainties, which could means tangible results, opening or achievements of the Company, or attention formula to talk about materially from those reflected in the forward-looking statements. Forward-looking statements have been formed on the stream expectations, projections and opinions of the Company’s management, and the Company undertakes no requisite to publicly recover the formula of any revisions to such forward-looking statements which might be made, for e.g. to simulate events or resources after the date hereof or to simulate the feeling of amazing events.

Neither the Deutche Borse and or the TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment and correctness of this release.