Global Energy Stocks to Watch: Company Issues Plans to Commence Drilling at Metallurgical Coal Projects

 Global Energy Stocks to Watch: Company Issues Plans to Commence Drilling at
                         Metallurgical Coal Projects

  PR Newswire

  CORAL SPRINGS, Florida, February 28, 2013

CORAL SPRINGS, Florida, February 28, 2013 /PRNewswire/ --

FinancialNewsMedia.com reports on Active Energy/Mining Companies to watch
today: New Colombia Resources, Inc., PDC Energy, Inc. (NASDAQ: PDCE), Tesoro
Petroleum Corp. (NYSE:TSO), Peabody Energy Corp. (NYSE: BTU) Halliburton Co.
(NYSE: HAL) and Cliffs Natural Resources Inc. (NYSE: CLF)

New Colombia Resources, Inc. issued major news today regarding its coal mining
projects in Colombia. To read the entire press release go to
http://finance.yahoo.com/q?s=NEWC&ql=1 .  New  Colombia  Resources Plans to
Commence Drilling at their Metallurgical Coal Property. The Company is taking
the steps necessary to complete a NI-43.101 Technical Study on both their
wholly owned "La Tabaquera" metallurgical coal mine and the soon to be wholly
owned "La Herradura" coal mine. NEWC entered into a letter of intent with the
legitimate owner of "La Herradura" last year which it intends to close within
the next quarter. To see the latest news and charts for New Colombia, please
go to  http://www.marketwatch.com/investing/stock/NEWC . According to
engineering reports, "La Tabaquera" has 15-17 MM metric tons of mostly premium
metallurgical coal. The neighboring "La Herradura" is expected to have 6
times that since it's that much bigger with the same coal seams. New Colombia
Resources received a proposal from the world's leading inspection,
verification, testing, and Certification Company to develop a drill program to
complete an NI 43-101 Technical Study. Once New Colombia has the drill
program, they will commence drilling accordingly.  "We're very excited to
begin drilling and updating shareholders as each hole is drilled, stated John
Campo, President of New Colombia Resources, Inc. "The NI 43-101 is a tool
used to measure reserves by investors around the World, this will prove our
reserves and allow us to get favorable financing to begin production," further
commented Mr. Campo.

To read all the latest headlines New Colombia Resources, Inc., go to 
http://finance.yahoo.com/q/h?s=NEWC+Headlines

Get News Alerts & Stock Updates for New Colombia Resources, Inc. delivered
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PDC Energy, Inc. (NASDAQ: PDCE) reported its 2012 fourth quarter and year-end
financial and operating results. In mid-February 2013, the Company flow
tested its second horizontal Utica Shale well in Guernsey County, Ohio. The
Detweiler 42-3H well tested through tubing at a peak rate of 2,197 barrels of
oil equivalent ("Boe") per day on a 20/64" choke with an average rate of 2,039
Boe per day for 24 consecutive hours. The Detweiler 42-3H well flow test was
conducted following a 60-day resting period. Based upon composition analysis,
the gas being produced is 1,263 BTU rich gas. Assuming full ethane recovery
with a natural gas shrink of 21%, the composition mix of the production is 49%
condensate, 26% NGLs and 25% residue gas. The well was drilled to a lateral
length of 3,868 feet and completed with 13 frac stages. The Company is
currently drilling a three-well pad in Guernsey County, which will be followed
by two horizontal wells in Washington County, Ohio.  To read the entire
release and get full details, go to
http://finance.yahoo.com/news/pdc-energy-announces-2012-fourth-133000463.html

Tesoro Petroleum Corp. (NYSE:TSO) reached a new 52-week high yesterday closing
at $55.55 per share after reaching intra-day high of $56 on over 3.9Million
shares traded.  Average volume for TSO has been 3.374 million shares over the
past 30 days. Tesoro has a market cap of $7.26 billion and is in the basic
materials sector and energy industry. Shares are up 19.9% year to date as of
the close of trading on Tuesday. Tesoro Corporation, together with its
subsidiaries, engages in refining and marketing petroleum products in the
United States. It operates in two segments, Refining and Retail.

Peabody Energy Corp. (NYSE: BTU) closed yesterday at $21.78 per share on over
6.3Million shares traded by the close. Peabody Energy currently has coal
operations in Australia, which it acquired in 2011, and its U.S. based
operations in the Illinois and Southern Powder River basins are strategically
positioned for exporting to these Asian growth markets. There are few major
mining companies that have better access to the growth in demand for coal in
Asia than Peabody. Its deal with Kinder Morgan Energy Partners (NYSE: KMP) to
export coal out of its Houston, Texas and Myrtle Grove, La., terminals is just
one more option for this company to access the international marketplace.

Halliburton Co. (NYSE: HAL) closed up yesterday at $41.27 per share on over
9.17Million shares traded by the close. Halliburton provides a range of
services and products for the exploration, development, and production of oil
and natural gas. The company operates in two segments, Completion and
Production, and Drilling and Evaluation. The Completion and Production segment
offers production enhancement services, including stimulation services and
sand control services; and cementing services comprising bonding the well and
well casing, and casing equipment. It also offers completion tools that
provide downhole solutions and services, including well completion products
and services, intelligent well completions, liner hanger systems, sand control
systems, and service tools.

Cliffs Natural Resources Inc. (NYSE: CLF) closed up slightly at $25.91 per
share on over 7.8Million shares traded by the close. Cliffs Natural Resources
is a mining and natural resources company, engages in the production of iron
ore pellets, fines and lump ore, and metallurgical coal. It operates five iron
ore mines located in Michigan and Minnesota; five metallurgical coal mines
located in West Virginia and Alabama; and one thermal coal mine located in
West Virginia. The company also operates two iron ore mines in eastern Canada
that primarily provide iron ore to steel producers in Asia; and two iron ore
mining complexes in Western Australia.

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