News - Page 61 of 116 - Clearlease Financial Group

Dominion Lending Centres Clearlease Reports Brownstone Energy (TSXV:BWN.V) Puts Canaguay #1 Well on Production in Colombia

May 9, 2011

by Admin-CL

Dominion Lending Centres Clearlease Reports Brownstone Energy (TSXV:BWN.V) Puts Canaguay #1 Well on Production in Colombia

VANCOUVER, BC – (May 7, 2011) Clearlease Reports Brownstone Energy Inc. (TSXV:BWN.V) is pleased to provide the following update on operations in Colombia.

Canaguaro Block, Llanos Basin

Brownstone has been advised by the operator of the Canaguaro Block that installation of long term production testing equipment at the Canaguay #1 well has been completed and that long term production testing of the well has commenced. During commissioning, the well produced oil at various rates, and most recently, the Canaguay #1 well produced from the Mirador formation through the new facilities at a rate in excess of 2,000 barrels of oil per day (“bopd”) with a 0.2% water cut. The optimal production rate for the Mirador reservoir and facilities will be determined by the results of the long term production test. Long term trucking and sale agreements have been signed for oil produced at Canaguay #1.

Brownstone has met its obligations to earn its 25% working interest in the Canaguaro Block.

Block 27

Brownstone and its partners have defined drilling locations on the first two of five separate structures, based on the interpretation of the previously completed 3D seismic survey. An additional follow-up development location has been selected on one of the structures dependant on success. Brownstone and its partners continue to wait on required environmental permits before construction of the locations can commence; and anticipates commencing construction and drilling in the 3rd quarter, 2011.

The wells have a planned depth of approximately 10,000 feet and will test prospective oil bearing intervals in the Carbonera, Mirador and Une Formations.

A follow-up 54 square kilometer 3D seismic acquisition program has commenced in the south eastern portion of the block to further define additional potential drilling locations. The 3D seismic acquisition program is expected to be completed in the 2nd quarter, with the drilling of an additional 10,000 foot well before year-end, dependant on the results of the follow-up 3D seismic.

Brownstone has a 50% paying interest (45.275% working interest before pay out, 34.25% working interest after payout) in Block 27.

Block 21

Brownstone and its partners have also completed 75% of the 83 square kilometer 3D seismic survey on Block 21. After processing and interpretation, the partners plan to drill 2 wells by the 1st quarter of 2012.

Brownstone is the operator of the block and has a 50% paying interest (45.5% working interest before pay out, 35% working interest after payout) in Block 21.

Block 36

The acquisition of 109 square kilometers of 3D seismic on Block 36 is approximately 75% complete; this program was delayed by weather and environmental difficulties. Drilling of one 15,000 foot well remains scheduled to occur by the end of 2011.

Brownstone has a 20% paying interest (18.2% working interest before pay out, 14% working interest after payout) in Block 36.

About Brownstone

Brownstone Energy Inc. is a Canadian-based, energy focused company with direct interests in oil and gas exploration projects, including varying interests in 5 off-shore Israel concessions and in 4 Colombian blocks in the Llanos basin, as well as other oil and gas interests worldwide. By owning and managing a diversified portfolio of energy-based projects, Brownstone provides shareholders with a unique energy alternative. For additional information, please see Brownstone’s website: www.brownstoneenergy.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

VANCOUVER, BC – (May 9, 2011) Clearlease Reports Brownstone Energy Inc. (TSXV:BWN.V) is pleased to provide the following update on operations in Colombia.

Canaguaro Block, Llanos Basin

Brownstone has met its obligations to earn its 25% working interest in the Canaguaro Block.

Block 27

The wells have a planned depth of approximately 10,000 feet and will test prospective oil bearing intervals in the Carbonera, Mirador and Une Formations.

Brownstone has a 50% paying interest (45.275% working interest before pay out, 34.25% working interest after payout) in Block 27.

Block 21

Brownstone is the operator of the block and has a 50% paying interest (45.5% working interest before pay out, 35% working interest after payout) in Block 21.

Block 36

Brownstone has a 20% paying interest (18.2% working interest before pay out, 14% working interest after payout) in Block 36.

About Brownstone

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Brownstone Energy (TSXV:BWN.V) Puts Canaguay #1 Well on Production in Colombia

VANCOUVER, BC – (May 7, 2011) Clearlease Reports Brownstone Energy Inc. (TSXV:BWN.V) is pleased to provide the following update on operations in Colombia.

Canaguaro Block, Llanos Basin

Brownstone has met its obligations to earn its 25% working interest in the Canaguaro Block.

Block 27

The wells have a planned depth of approximately 10,000 feet and will test prospective oil bearing intervals in the Carbonera, Mirador and Une Formations.

Brownstone has a 50% paying interest (45.275% working interest before pay out, 34.25% working interest after payout) in Block 27.

Block 21

Brownstone is the operator of the block and has a 50% paying interest (45.5% working interest before pay out, 35% working interest after payout) in Block 21.

Block 36

Brownstone has a 20% paying interest (18.2% working interest before pay out, 14% working interest after payout) in Block 36.

About Brownstone

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports National Bank (Toronto:NA.TO) to Donate $50,000 for Flooding in Monteregie

May 7, 2011

by Admin-CL

Dominion Lending Centres Clearlease Reports National Bank (Toronto:NA.TO) to Donate $50,000 for Flooding in Monteregie

VANCOUVER, BC – (May 7, 2011) Clearlease Reports National Bank (Toronto:NA.TO) will contribute $50,000 to the Canadian Red Cross to support the organization’s relief efforts for the victims of the flooding in Monteregie. This announcement follows yesterday’s news about initiatives implemented last week to assist the region’s victims.

Starting today, the public is invited to make a donation at any National Bank branch in Quebec.

In addition to its corporate donation, National Bank has taken several initiatives to support the fundraising efforts of the Canadian Red Cross. As part of these initiatives, National Bank MasterCard cardholders may, if they wish, exchange their reward points, free of charge, for a cash donation to the Canadian Red Cross by calling 514-847-8280 or 1-800-341-8083.

All donations made at National Bank branches will be sent to the Canadian Red Cross and will be used to provide immediate relief to the victims. The Canadian Red Cross will issue tax receipts for all donations of $20 and over.

For more information, please contact Customer services of National Bank Group at 514-394-5555 or 1-888-483-5628.

Through its donations and sponsorships program and the initiatives of its employees, National Bank Financial Group helps support hundreds of organizations across Canada. It focuses primarily on four main areas of activity – health, education, arts and culture, and community outreach – with the goal of generating positive benefits for communities.

More information on the many causes and projects the Financial Group supports as part of its commitment to the communities it serves can be found in our social responsibility report at www.nbc.ca/socialresponsibility

About National Bank of Canada

National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $152 billion in assets and, together with its subsidiaries, employs 18,407 people. The Bank’s securities are listed on the Toronto Stock Exchange (Toronto:NA.TO). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.

The telephone number provided below is for the exclusive use of journalists and other media representatives.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Starting today, the public is invited to make a donation at any National Bank branch in Quebec.

For more information, please contact Customer services of National Bank Group at 514-394-5555 or 1-888-483-5628.

About National Bank of Canada

The telephone number provided below is for the exclusive use of journalists and other media representatives.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports National Bank (Toronto:NA.TO) to Donate $50,000 for Flooding in Monteregie

Starting today, the public is invited to make a donation at any National Bank branch in Quebec.

For more information, please contact Customer services of National Bank Group at 514-394-5555 or 1-888-483-5628.

About National Bank of Canada

The telephone number provided below is for the exclusive use of journalists and other media representatives.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports European Markets Mixed

May 6, 2011

by Admin-CL

Dominion Lending Centres Clearlease Reports European Markets Mixed

VANCOUVER, BC – (May 6, 2011) Clearlease Reports The European markets are turning in a mixed performance in afternoon trading Friday, ahead of the key monthly jobs report from the U.S. The German and French markets are higher, shrugging off weak cues from Asia and the previous session in the U.S., amid mixed earnings news. However, the UK market is losing.

The Euro Stoxx 50 index of euro zone blue chippers is losing 0.02 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is adding 0.21 percent.

The German DAX is adding 0.59 percent, the French CAC 40 is gaining 0.27 percent and Switzerland’s SMI is rising 0.69 percent. The FTSE 100 index is losing 0.24 percent.

Steelmaker ThyssenKrupp is surging 6.8 percent in Frankfurt, thus leading the gainers. The company has proposed to divest more units as part of a move to maintain stronger focus within the automotive business activities.

Airline Lufthansa is rising 4.1 percent and department store operator Metro is advancing 1.4 percent. Commerzbank, which sees strong profit growth in 2011, is rising 0.8 percent. Deutsche Bank is up 0.9 percent.

Among automakers, Daimler is adding 1.2 percent. Volkswagen and truckmaker MAN are falling. Citigroup raised its price target on BMW to 75 euros from 70 euros. However, the stock is marginally down.

Drugmaker Merck is adding 0.01 percent. Citigroup raised its price target on the stock to 80 euros from 70 euros.

Utility EON is losing 5.5 percent, followed by chemical firm K+S, which is down 2.1 percent.

Chemical firm Basf is falling 0.9 percent. The company reported a surge in first-quarter profit.

Deutsche Telekom, which reported a decline in first-quarter profit, is losing 0.9 percent.

In Paris, lender Natixis is rising 1.8 percent and Credit Agricole is up 1.1 percent. BNP Paribas is moderately higher, while Societe Generale is slightly down. JPMorgan cut its price target on Societe Generale to 57 euros from 58 euros.

Alcatel-Lucent, which reported a narrower loss for the first quarter, is declining 3.4 percent.

Oil & gas services firm Technip, chipmaker STMicroelectronics, oil giant Total and hotel group Accor are falling.

In London, Royal Bank of Scotland is rising 6.1 percent after reporting higher operating profit for the first quarter. Lloyds Banking Group and Standard Chartered are gaining.

International Consolidated Airlines, which reported a first-quarter profit, is rising 2.7 percent. Travel services firm Carnival is rising 3.7 percent and peer TUI Travel is adding 1.4 percent.

Swiss Reinsurance, which reported a first-quarter loss, is adding 0.7 percent in Zurich. JPMorgan raised its price target on the stock to 68 Swiss francs from 66 francs.

In economic news, Germany’s industrial production grew at a slower pace of 0.7 percent in March from February, the Federal Ministry of Economics and Technology said in a report. That follows February’s 1.7 percent increase. The consensus forecast called for a monthly growth of 0.5 percent.

U.K. output prices rose more than expected in April, data from the Office for National Statistics revealed. Output price annual inflation came in at 5.3 percent in April, higher than the expected rate of 5.1 percent. But the annual rate eased from 5.6 percent in March.

Across Asia/Pacific, most major markets settled lower. Australia’s All Ordinaries lost 0.27 percent, China’s Shanghai Composite Index slipped 0.29 percent and Hong Kong’s Hang Seng slid 0.44 percent. Japan’s Nikkei 225 closed notably lower by 1.45 percent.

In the U.S., futures point to a higher open on Wall Street. In the previous session, the Dow fell 1.1 percent, the Nasdaq slipped 0.5 percent and the S&P 500 dropped 0.9 percent.

Crude for June delivery is sliding $2.49 to $97.31 per barrel and June gold is adding $4.4 to $1485.8 a troy ounce.