M2 PRESSWIRE-21 September 2005-otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com DPRK, EGYF, VWKM, BLYC(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:21092005
Rochester, NY - OTCStockExchange.com's "Stock Watch Alert" this morning are Deep Rock Oil & Gas, Inc. (Pink Sheets: DPRK), Energy Finders, Inc. (Pink Sheets: EGYF), Vision Works Media Group, Inc. (Pink Sheets: VWKM), Bentley Commerce Corporation (OTCBB: BLYC).
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Deep Rock Oil & Gas, Inc. (Pink Sheets: DPRK - http://finance.yahoo.com/q?s=DPRK.PK )
Deep Rock Oil & Gas, Inc. announced that it has signed a letter of intent to acquire a 5.8265 percent net profits interest in the Big Foot oil field in Frio County, Texas. Tulsa-based Lee Keeling & Associates has estimated the net remaining developed and undeveloped reserves of the Big Foot oil field at 4,601,309 BBO with a future net revenue of approximately $188,143,578, based upon field contract and NYMEX per barrel oil prices (estimated at $55.92/barrel).
The Company anticipates it will close the transaction by October 7, 2005, upon its completion of due diligence and execution of a definitive agreement.
Future gross oil production is estimated at 5,457,826 BBO.
The Big Foot field is an oil producing property originally developed by Shell Oil Co. and Texaco in the 1950s. Currently, Big Foot's operator, Maverick Energy Group, Inc., intends to drill 100 additional wells in the field. Average production is expected to be 20 barrels of oil per day with total reserves per well at 30,000 BBO.
Energy Finders, Inc. (Pink Sheets: EGYF - http://finance.yahoo.com/q?s=EGYF.PK )
Energy Finders, Inc., a Florida corporation, announced that the company has completed phase one of its acquisition on the initial block of oil and gas leases covering more than 5,000 acres west of San Antonio, Texas. Additional oil and gas leases for the Mega West Project are in the process of being acquired. The exact location will be announced at the completion of the additional leases.
Vision Works Media Group, Inc. (Pink Sheets: VWKM - http://finance.yahoo.com/q?s=VWKM.PK )
Vision Works Media Group, Inc. and wholly owned subsidiary New Screen Television, Inc. the new independent film-dedicated TV channel, have announced the acquisition of Sue Marx's ''Young at Heart.'' The film will begin airing in December.
''We are overjoyed that Sue's award-winning film is joining our programming lineup,'' said Naseem Shah, New Screen TV's Director of Programming & Co-Creative Director. She added, ''Adding Academy Award-winning films to our channel so soon after our launch is extraordinarily exciting.''
Ms. Marx has produced over 200 films, and has won numerous Emmys(R) and other awards in addition to her Oscar(R). ''Young at Heart'' was awarded the Oscar(R) for Best Short Documentary, http://www.suemarxfilms.com .
In addition to ''Young at Heart,'' New Screen TV(TM) will be broadcasting a number of Ms. Marx's other films throughout 2006.
The company, which is based in downtown Orlando, is now broadcasting the channel 24 hours a day. The programming mix on New Screen TV includes feature films, documentaries, short films, animation, and a variety of specials and music events.
Bentley Commerce Corporation (OTCBB: BLYC - http://finance.yahoo.com/q?s=BLYC.OB )
The Board of Directors of Bentley Commerce Corporation announced that the termination of Bruce Kamm as CEO and CFO, occurred after an extensive investigation and discussions with Mr. Kamm and his legal counsel. Mr. Kamm refused to cooperate with the investigation, or settle the matter reasonably. Rather, after he was informed of his termination, Mr. Kamm prevented access to the software system that the private company he heads licensed to Bentley Commerce, to prevent it from managing its marketplace, accounts, and trade transactions.
The Virtual Barter software program licensed to the company by Mr. Kamm's private company, Intertrade Capital Group LLC, is perpetual and cannot be cancelled without appropriate actions, as outlined in the licensing agreement. Bentley Commerce is taking the necessary steps to re-establish access to the system and to be in a position to properly serve its clients. In addition, the Company is evaluating with counsel and others its legal and business options with respect to this matter.
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