--(www.USEquityNews.com)-- 04/21/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. MegaWest Energy Corp. (the "Company" or "MegaWest") (OTC BB: MGWSF)(Cusip: #585168 107) an independent energy company with heavy oil development assets in Missouri, Kansas, Kentucky, Montana and Texas is pleased to announce that it plans to complete a private placement (the "Private Placement") of common shares of the Company. The Company has not entered into agreements to sell these shares, and no assurances can be given as to Company's ability to sell the shares or the price the Company will receive for the shares. The common shares to be issued in Canada pursuant to the Private Placement will be subject to a four month hold from the date of issuance.
The senior vice president and chief financial officer of oil and gas transportation and storage company Cheniere Energy Partners LP (AMEX: LNG) sold 432,540 shares of common stock, according to Securities and Exchange Commission filings Thursday. In Form 4s filed with the SEC, Don A. Turkleson reported he sold the shares Tuesday, Wednesday and Thursday for $10.35 to $14.07 each. Insiders file Form 4s with the SEC to report transactions in their companies' shares.
The chairman, chief executive and president of natural gas producer Atlas America Inc. (NASDAQ: ATLS) sold 15,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing. In a Form 4 filed Thursday with the SEC, Edward E. Cohen reported he sold the shares Tuesday and Wednesday for $68.75 to $71.15 apiece. The stock sale was conducted under a prearranged 10b5-1 trading plan which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic information.
Parker Drilling Company (NYSE: PKD) will host a conference call on Tuesday, May 6 at 9:00 a.m. CDT (10:00 a.m. EDT) to discuss first quarter 2008 financial results. Earnings for the quarter will be released that morning prior to the call. Those interested in participating in the call may dial in at 303-262-2191. The conference call replay can be accessed from May 6 through May 13 by dialing (800) 405-2236 and using the access code 11113191#.
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