Market Updates for Active Energy Companies: New Colombia Resources, Peabody Energy, Walter Energy, Chesapeake Energy and Westport Innovations PR Newswire CORAL SPRINGS, Florida, April 19, 2013 CORAL SPRINGS, Florida, April 19, 2013 /PRNewswire/ -- FinancialNewsMedia.com issues market news report for today's Active Energy/Mining Companies: New Colombia Resources, Inc.(OTCQB: NEWC), Peabody Energy Corp. (NYSE: BTU), Walter Energy, Inc. (NYSE: WLT), Chesapeake Energy Corporation (NYSE: CHK) and Westport Innovations Inc. (NASDAQ: WPRT) New Colombia Resources, Inc. (OTCQB: NEWC) recently engaged SGS Colombia S.A., considered one of the world's leading inspection, verification, testing and certification company for Metallurgical Testing and Failure Analysis. SGS is to begin a N.I. 43-101 compliant drill program. The N.I. 43-101 Technical Report is an international standard used for the public disclosure of information relating to mineral properties; it is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports. At the conclusion of the program, New Colombia will hire an international drilling company to drill the holes according to the plan. SGS will take custody of the core samples back to their laboratory in Barranquilla, Colombia and provide drill hole database management services. Other services SGS will provide include a Topographic Survey and Geological Mapping. Once the drill holes samples have been analyzed, a Qualified Person (QP), as defined by the National Instrument 43-101, will provide a technical report. The drill hole results will also allow the company to complete and submit their Environmental Impact Study. "We are aggressively moving forward to get into production as soon as possible," stated John Campo, President of New Colombia Resources. Peabody Energy (NYSE: BTU) reported first quarter 2013 revenues of $1.75 billion, leading to Adjusted EBITDA of $280.1 million. Loss from Continuing Operations totaled ($10.3 million) with Diluted and Adjusted Diluted Loss Per Share from Continuing Operations of ($0.05). "Peabody's first quarter results reflect the success of strong cost containment programs across the global platform," said Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce. "We continue to aggressively reduce costs, exercise capital discipline, maximize cash flows and reduce debt. Within global markets, U.S. coal demand is rebounding, Chinese and Indian coal imports are rising, and additional production rationalization and project delays are taking place." To read the full release and report details please go to http://finance.yahoo.com/news/peabody-energy-announces-results-quarter-120000678.html Walter Energy, Inc. (NYSE: WLT) News: Audley Capital Advisors LLP (including certain related funds and investment vehicles, "Audley Capital") reiterated the overall strength of its five highly-qualified and experienced nominees for election to the Board of Directors of Walter Energy, Inc. ("Walter Energy" or "the Company") at the Company's upcoming 2013 Annual Meeting of Stockholders on April 25, 2013. Julian Treger, Managing Partner of Audley Capital Advisors, said, "We believe that the Board has been dominated for too long by a clique of long-time directors who have not worked in the best interest of stockholders. At this most critical time in Walter Energy's history, we believe that there is a substantial lack of mining and public market experience among the current Board members. With a significant leveraged bet on met coal price recovery, we think the Board has put the Company in an extremely precarious position. Met coal pricing continues to be under pressure and the Company may be forced later this year to seek working capital. Left to what we see as the continued poor decision-making by the current Board, we believe stockholders will pay the price." Chesapeake Energy Corporation (NYSE: CHK) announced the expiration and final results of its previously announced cash tender offers (collectively the "Tender Offers" and each a "Tender Offer") for any and all of its 7.625% Senior Notes due 2013 (the "2013 Notes") and its 6.875% Senior Notes due 2018 (the "2018 Notes" and, together with the 2013 Notes, the "Notes"). The tender offers expired at 11:59 p.m., New York City time, on April 12, 2013 (the "Expiration Date"). The full terms and conditions of the Tender Offers are set forth in the Offer to Purchase and the related Letter of Transmittal, each dated March 18, 2013. As previously announced, on April 1, 2013 Chesapeake purchased $216,187,000 principal amount of its outstanding 2013 Notes and $376,595,000 principal amount of its outstanding 2018 Notes validly tendered and not validly withdrawn as of 5:00 P.M., New York City time, on March 28, 2013 (such date and time, the "Early Tender Date"). Chesapeake has received and accepted for purchase an additional $619,000 principal amount of its outstanding 2013 Notes and $415,000 principal amount of its outstanding 2018 Notes validly tendered subsequent to the Early Tender Date and prior to the Expiration Date. Westport Innovations Inc. (NASDAQ: WPRT), the global leader in natural gas engines, announced recently that shareholders have approved all resolutions presented at its Annual and Special Meeting held on April 11, 2013 , including the election of directors of Westport for the next year; the amendment of the Corporation's Omnibus Incentive Plan; and the appointment of auditors for Westport for the next year and the authorization of the directors to fix their remuneration. The returning board members re-elected are Warren J. Baker (86.76% in favour), John A. Beaulieu (97.81% in favour), M.A. (Jill) Bodkin (97.79% in favour), David R. Demers (97.95% in favour), Nancy S. Gougarty (97.87% in favour), Philip B. Hodge (97.92% in favour), Dezsö J. Horváth (97.85% in favour), Douglas R. King (97.88% in favour), and Gottfried (Guff) Muench (97.80% in favour). Albert T. Maringer did not stand for re-election to the Board of Directors. Mr. Maringer will join the Westport Advisory Board effective immediately. FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services . If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/ . Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements. Contact Information: Company: FN Media Group, LLC Contact email: firstname.lastname@example.org U.S. Phone: +1(954)345-0611 URL: http://www.financialnewsmedia.com
Patrick Pouyanne Said to Be Named New Total CEO
Market Updates for Active Energy Companies: New Colombia Resources, Peabody Energy, Walter Energy, Chesapeake Energy and
Press spacebar to pause and continue. Press esc to stop.