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Blaze Energy Corp. (BLZE/BLZE.PK) Wrap Up:
Aztec Energy Corporation provides oil and gas exploration services and crude petroleum and natural gas production services.Blaze Energy Corp. (BLZE:OTC)
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Key developments for Blaze Energy Corp. (BLZE)
Blaze Energy Corp., Board Meeting, Apr 22, 2009 Agenda: To consider the management agreement between the company and Environmental Energy Services Inc.
On October 6, 2008, Blaze Energy Corp. and EESV Fayetteville Inc. entered into a Term Loan and Security Agreement with R. Brooks Potter. The loan was closed and funded on October 10, 2008. Blaze is a majority controlled subsidiary of the Environmental Energy Services Inc. and EESV Fayetteville is a wholly-owned subsidiary of Blaze. Under the Loan Agreement, the Lender loaned Blaze $500,000. The loan bears interest at the rate of 10% per year. The loan matures on the six month anniversary of the date of the Loan Agreement. However, Blaze has the option of extending the maturity date of the loan for an additional six months, in which event the loan will bear interest at the rate of 12% per annum during the extended period. Blaze has the right to prepay the loan at any time, in which event Blaze will be obligated to a pay a prepayment fee equal to the amount of all interest that would have accrued on the loan from the date of the prepayment to the maturity date of the loan if the loan had not been prepaid. The loan is guaranteed by EESV Fayetteville, and secured by a first mortgage lien on various producing gas wells owned by EESV Fayetteville in the Fayetteville Shale Field. $150,000 of the loan proceeds were used to pay general and administrative expenses of the Environmental Energy and Blaze, and the balance was used to pay Blaze’s share of drilling expenses for wells being drilled in the Fayetteville Shale Field.
Blaze Energy Corp. - Conference Presentation Calls
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BLZE transactions
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Target |
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Merger/Acquisition
June 9, 2009 |
Blaze Energy Corp., Fayetteville Shale Field |
More Recent News About Blaze Energy Corp.
More news for BLZE
Blaze Energy Provides Operational Update for Q1 2009
BOISE, ID--(MARKET WIRE)--Feb 25, 2009 -- Blaze Energy Corporation (Other OTC:BLZE.PK - News) announced today that it surpassed its initial expectations for 2008 and has exceeded the goal to participate in over 100 wells in the Fayetteville Shale play. Moreover, Blaze Energy met its internal expectations and has reached its revised goal of having more than 70 wells producing by end of calendar 2008. "Blaze Energy has obtained significant success from its participation in the Fayetteville Shale play. We are very pleased with our investment and have exceeded our previous expectations of participating in over 100 wells and producing in over 70 wells by year's end," stated A. Leon Blaser, CEO of Blaze Energy. "Currently, we participate in over 140 wells, with 86 wells producing and selling gas. Furthermore, we have a number of additional wells within the drilling process."Though goals were ultimately achieved, results could have been higher if progress was not hampered by the ability to market natural gas from the Fayetteville Shale and low commodity pricing during the fourth quarter of 2008. Capacity issues affecting the ability to market natural gas from the Fayetteville Shale was eased in December of 2008 when a new pipeline was finished and brought online.Blaze Energy is an independent oil and gas exploration and production company. One of its main assets is in the Fayetteville Shale natural gas play where the company participates in over 45,000 gross acres of exploration. Blaze Energy believes that the Fayetteville Shal...Click here to read the whole Article (external link)
BLAZE ENERGY CORP. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Disclosure Regarding Forward Looking Statements This Quarterly Report on Form 10-Q includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Forward Looking Statements"). All statements other than statements of historical fact included in this report are Forward Looking Statements. In the normal course of its business, the Company, in an effort to help keep its shareholders and the public informed about the Company's operations, may from time-to-time issue certain statements, either in writing or orally, that contain or may contain Forward-Looking Statements. Although the Company believes that the expectations reflected in such Forward Looking Statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, past and possible future, of acquisitions and projected or anticipated benefits from acquisitions made by or to be made by the Company, or projections involving anticipated revenues, earnings, levels of capital expenditures or other aspects of operating results. All phases of the Company operations are subject to a number of uncertainties, risks and other influences, many of which are outside the control of the Company and any one of which, or a combination of which, could materially affect the results of the Company's proposed operations and whether Forward Looking Statements made by the Company ultimately prove to be accurate. Such important factors ("Important Factors") and other factors could cause actual results to differ materially from the Company's expectations are disclosed in this report. All prior and subsequent writte...Click here to read the whole Article (external link)
BLAZE ENERGY CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Show all filings for BLAZE ENERGY CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for BLAZE ENERGY CORP. 20-Oct-2008Entry into a Material Definitive Agreement, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)