June 23rd

Diaz reports successful gas completion at the Ruebush No. 1 well in Lavaca County, Texas

Diaz Resources Ltd. (TSX:DZR) today reported that the Ruebush No. 1 well located in Lavaca County, Texas, has been successfully completed in a Wilcox gas zone. The well was put on production on June 18, 2008, and is currently producing 15.95 MMcfd of natural gas at 7,100 psi flowing pressure from approximately 40 feet of net pay. The Wilcox gas zone has not been fracture stimulated and the well will be evaluated for a period of time to determine if a fracture stimulation is required.

Diaz has a 1.4% working interest before payout and 10.0% working interest after payout in the Ruebush No. 1 well. It is estimated that at current production rates and natural gas prices payout will be reached within 60 days. Read more: Diaz Resources Ltd ( DZR )

June 23rd

Gastar Exploration Announces East Texas Drilling Results

Gastar Exploration Ltd. (AMEX: GST) (TSX: YGA.TO) today provided an update on recent drilling operations in East Texas.

Gastar has drilled the LOR #6 well to a total depth of 16,475 feet and, based on drilling and log analysis, has encountered two productive middle Bossier sands. The well was completed in the deepest pay zone and placed on production on June 21, at a gross sales rate of 17.5 MMcfd with flowing casing pressure of 9,200 psi. The well will be evaluated to determine the optimal time to complete the second middle Bossier zone and co-mingle the production. Gastar achieved a significant cost breakthrough with the LOR #6 by drilling and completing the well through the first stimulation for approximately $8.4 million compared to our assumed average well cost of $12 million for Bossier wells. Gastar has a 50% working interest before payout (approximately 37.5% net revenue interest) in the LOR #6 well. Read more: Gastar Exploration Ltd ( YGA )

June 23rd

Specialty Underwriters\' Alliance, Inc. Receives Unsolicited Offer

Specialty Underwriters\' Alliance, Inc. (Nasdaq: SUAI) stated that it has received a letter from Hallmark Financial Services, Inc. containing an unsolicited, non-binding and conditional proposal to acquire the company. The proposal calls for each outstanding share of SUA\'s common stock to be converted in a share of common stock of Hallmark Financial Services, Inc. at a pre-determined formula. SUA also stated that it has received a copy of the Schedule 13D filed today by Hallmark Financial Services, Inc., American Hallmark Insurance Company of Texas and Hallmark Specialty Insurance Company disclosing that group\'s aggregate ownership of 9.6% of the outstanding common stock of SUA and the unsolicited acquisition proposal. Read more: Specialty Underwriters\' Alliance Inc ( SUAI )

June 23rd

Hydrogenics to Supply Electrolyzer for Remote Community Wind-Hydrogen Energy System

Hydrogen used as energy storage for renewable resources

Hydrogenics Corporation (Toronto:HYG.TO - News)(NasdaqGM:HYGS - News), a leading designer and manufacturer of hydrogen electrolyzers and fuel cell systems, announced today that it has been selected to provide the hydrogen electrolyzer for a community wind-hydrogen-diesel system in the community of Ramea, Newfoundland and Labrador, Canada. By adding zero-emission hydrogen generation and storage, Newfoundland and Labrador Hydro (Hydro), is anticipating an increase in the amount of electricity derived from wind which will lead to a decreased dependence on diesel fuel. Hydrogenics anticipates it will deliver its commercially proven HySTAT(TM) onsite generation electrolyzer to Hydro within one year. Read more: Hydrogenics Corporation ( HYG )