November 2011

BRS Resources Announces $6.0 Million Conversion of Notes to Shares; Upside in the Po Valley

November 30, 2011

BRS Resources (TSX.V: BRS) announced that it has completed the conversion of two convertible notes in the aggregate principal amount of $6,000,000 into an aggregate of 20,000,000 common shares of BRS at a conversion price of $0.30 per share. Subscribers of the convertible notes and recipients of the common shares are two hedge funds managed by Carlson Capital L.P. Carlson

Thumping its Way into 2012; Dawson Geophysical Reports Fiscal Q4'11 and Year-End Results

November 9, 2011

Dawson Geophysical (NASDAQ: DWSN) reported fiscal Q4’11 net income of $2,944,000, or $0.38 per share, compared to a fiscal Q4’10 net loss of $1,411,000, or a loss of $0.18 per share.. Analysts forecast net income to be $0.24 per share. Revenues during fiscal Q4’11 totaled $84,256,000, an increase of 42% when compared to fiscal Q4’10 revenues. EBITDA during the quarter

Resolute Energy Corp Reports Q3'11; Production Increasing from Expansion Projects

November 8, 2011

Resolute Energy Corporation (NYSE: REN) reported Q3’11 net income of $37.6 million, or $0.59 per share, compared to a Q3’10 net loss of $7.1 million, or a loss $0.14 per share. Total revenues for Q3’11 were $54.0 million, an increase of 29% from Q3’10 revenues of $41.8 million. Production during Q3’11 averaged 7,920 BOEPD, an increase of 4% from Q3’10.

GMX Resources Reports Q3'11 Earnings; Updates Operations and Liquidity Position

November 4, 2011

GMX Resources (NYSE: GMXR) reported a net loss in Q3’11 of $68.9 million, or $1.21 per share, compared to Q3’10 net income of $2.2 million, or $0.08 per share. Total Q3’11 revenues net of hedging were $28.4 million, a 15% increase over Q3’10 earnings of $24.8 million. GMXR’s Q3’11 production was 6.1 Bcfe, a 32% increase over the same period

PetroQuest Reports Q3'11 Earnings; Liquids Portfolio Looking Strong

November 4, 2011

PetroQuest Energy (NYSE: PQ) reported Q3’11 net income of $3.7 million, or $0.06 per share, compared to Q3’10 net income of $4.9 million, or $0.08 per share. Total Q3’11 revenues were $39.0 million, compared to Q3’10 revenues of $46.3 million. For the first nine months of 2011, PQ reported net income of $2.6 million, or $0.04 per share, compared to

Harvest Natural Resources Reports Oman Operations Right on Schedule

November 2, 2011

Harvest Natural Resources (ticker: HNR) reported it had commenced drilling the Mafraq South-A (MFS-A) exploration well onshore Oman, the first of a two-well exploratory program. HNR also announced that the mean prospective resources for the targeted south segment total 1.25 Tcf of gas with 46 million barrels of condensate. The MFS-A well will test the Mafraq South structure, which is