BRZM, EFIR, - PennyOmega.com Stock Report! - Brazilian Mining Corporation and EGPI Firecreek, Inc.
Thursday, May 13th, 2010PennyOmega.com Hot Stock News & Alerts!
FREE Daily Stock Alerts From PennyOmega.com
Thursday May 13, 2010
PennyOmega.com Stock Report!
*******************
Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation (Pinksheets:BRZM), confirmed today that it has received order confirmation for the Theia systems totaling $20 million USD. The client, who is undisclosed until final contract negotiations are completed, has been quietly engaged with Terrax over the past eight months to help direct the development of the Theia system for standoff detection. The order represents a first of its kind for the standoff detection systems that can significantly change the approach to security detection.
The delivery time frame for field deployments of the order will be staged over a nine-month period. In addition, the payment structure will be based on a 50% in advance and the balances due at time of delivery. This arrangement will provide Terrax the necessary cash flow to finance delivery operations while continuing to nurture other orders pending in its existing sales pipeline. Terrax estimates its sales pipeline at 250 million USD.
About Brazilian Mining Corporation
Brazilian Mining focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc., a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for civilian applications is now a fully owned subsidiary of Brazilian Mining Corporation.
**************************************************************
EGPI Firecreek, Inc. (OTC.BB:EFIR) reported that its West Texas Three Well Program with Whitt Oil and Gas is online with the McWhorter well. The Company’s successful operation and production of oil and gas will now ramp up the operations of its wholly owned subsidiary, Energy Producers, Inc.
Whitt Oil & Gas, Inc., the Company’s operator for its West Texas Three Well Program, has completed and begun production of both oil and gas on the McWhorter well this week. The well is continuing to improve oil and gas production as the hydraulic stimulation (FRAC) fluid is continuously being pumped off. Production levels for the McWhorter well will be closely monitored and evaluated over the next several days but early indications show better than expected production levels. The company is also pleased to report most of the rehabilitation work on its second well, the Young well, has been completed and it is expected to be online and producing within the week. The Whitt Oil & Gas Operating team has now headed out to the Boyett well, the last well for its three well work program, and expects the well to be completed, online, and producing within the next two weeks. Final completion of the Boyett well will be subject to standard job risks and weather conditions. Operations report that the initial oil and gas recovered during all rehabilitation work has been consistent with commercial expectations.
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc. is engaged in the DOT Construction, Intelligent Traffic System markets, and oil and gas production.
**************************************************************
********************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more ) Rule 17B requires disclosure of payment for investor relations.
***********Advertisement***********














.png)
.png)

.png)














