BreitBurn Energy Partners L.P. Reports Fourth Quarter and Full Year Results and Year End Reserves; Provides Full Year 2010 Guidance

BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ:BBEP – News) today announced financial and operating results for its fourth quarter and full year 2009 and public guidance for its expected performance in 2010. The Partnership had an outstanding year operationally which contributed to full-year 2009 results that were in-line with or exceeded guidance. Full year 2009 production levels surpassed expectations and totaled approximately 6.52 MMBoe. The Partnership continued to pursue strong debt reduction efforts into the fourth quarter and achieved its debt reduction goals for the year. [Read the full article]

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Hyperdynamics Corporation (NYSE Amex: HDY) today announced that the Memorandum of Understanding (MOU) with the government of the Republic of Guinea has been extended by five working days to allow the government to complete its review of a proposed amendment to the 2006 Production Sharing Contract (PSC) among Hyperdynamics, Dana Petroleum and the Republic.

In September 2009, Hyperdynamics and the Republic of Guinea entered into a MOU that called for a review of the commercial terms of the PSC to bring them in line with international standards. The MOU provided for a six-month negotiating period intended to culminate in an agreed PSC amendment.  

“Today we received notice in writing from the Minister of Mines and Geology of the extension designed to allow the government to complete its review of the proposed amendment,” said Ray Leonard, President and Chief Executive Officer. [Read the full article]

FX Energy, Inc. (NASDAQ:FXEN – News) announced today that a conference call to discuss the Company’s fourth quarter 2009 financial and operating results will be held at 4:30 p.m. Eastern on Tuesday March 16, 2010. The call will be hosted by David Pierce, FX Energy’s President and CEO. The call will also include a discussion of the Company’s current operations. Financial and operating results will be released on March 16, 2010, prior to the call.

Conference call information is as follows:Dial-In-Number: 866-454-4205International: 913-312-0833Passcode: 7428413Request: FX Energy, Inc. Conference Call

The call will also be webcast live and interested parties may access the webcast through FX Energy’s homepage at A rebroadcast will also be available through the Company’s website. [Read the full article]

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