Corral Petroleum Holdings AB
Corral Petroleum Holdings AB (publ) (the “Company”) is pleased to announce that it has commenced discussions with an Ad Hoc Committee of holders of the €355,000,000 and US$350,000,000 Floating Rate Split Coupon Notes due April 15, 2010 (collectively the “Notes”), through their financial and legal advisors, Blackstone Advisory Partners and Bingham McCutchen, regarding a refinancing of the Notes. The Company is confident that a transaction can be successfully implemented prior to the maturity date and looks forward to a constructive dialogue to support the long term success of the business. [Read the full article]
Sun Communities, Inc. (NYSE:SUI – News), a real estate investment trust (REIT) that owns and operates manufactured housing communities, announces the date for its fourth quarter and year end 2009 earnings results release and conference call.
The Company will release its results on Thursday, March 11, 2010, prior to the opening of the market. A conference call to discuss fourth quarter operating results will be held on March 11, 2010, at 11:00 A.M. EST. To participate, call toll-free 877-407-9039. Callers outside the U.S. or Canada can access the call at 201-689-8470. A replay will be available following the call through March 25, 2010, and can be accessed by dialing 877-660-6853 from the U.S. or 201-612-7415 outside the U.S. or Canada. The account number for the replay is 3055 and the ID number is 345242. The conference call will be available live on Sun Communities website www.suncommunities.com. [Read the full article]
Reuters – A worker waits for customers in a branch of Barclays bank in London, February 16, 2010. REUTERS/Jas Lehal …
Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.
Shares in the bank, the first UK lender to report earnings, jumped, closing up 7 percent, as investors welcomed its record earnings, good start to 2010 and positive news on bad debts and capital ratios.
Britain’s second-largest bank by market value avoided a bailout during the crisis. But it has still been hit by a backlash over banker pay and on Tuesday said it had reined in payouts, with its two top executives declining a bonus for the year.
Its investment bankers will receive average pay of 191,000 pounds for 2009, including an average bonus of 95,000 pounds. [Read the full article]
Crimson Exploration Inc. (NasdaqGM: CXPO – News) today announced production results and drilling activity for the fourth quarter of 2009, year-end 2009 reserves and guidance for 2010 production and capital expenditures.
Crimson produced an estimated 3.2 Bcfe of natural gas equivalents, or approximately 34,800 Mcfe per day, during the fourth quarter 2009, compared with 4.6 Bcfe, or 50,300 Mcfe per day, produced during the fourth quarter of 2008. For the year ended 2009, Crimson produced an estimated 14.9 Bcfe of natural gas equivalents, or approximately 40,900 Mcfe per day, compared with 19.2 Bcfe, or 52,600 Mcfe per day, produced in 2008. New production resulting from a very limited drilling program in 2009 was not sufficient to offset normal field decline in our existing production. [Read the full article]