Pan Orient Energy Corp.: L33-2 Exploration/Appraisal Well Tests at 2,370 BOPD

Pan Orient Energy Corp. (TSX VENTURE:POE) Concession L33 (POE 60% Working Interest and Operator)

L33-2 Exploration / Appraisal Well
The L33-2 well has tested on free flow, 38 degree API crude at an average rate of approximately 2,370 BOPD gross (1,422 BOPD net POE) with a water cut of less 0.05% during the last 15 hours of a 36 hour test.

The L33-2 well was drilled from a surface location approximately 1.8 kilometers south of the L33-1 discovery well and was targeting the same L33-1 volcanic zone within an interpreted potential 9.8 square kilometer maximum areal extent structural closure. The variation in crude oil gravity (35 degree API at L33-1 compared with 38 degree API at L33-2) suggests the two structural culminations at L33-1 and L33-2 may be separate accumulations.

 August 11, 2010 (Investorideas.com renewable energy/green newswire) Investorideas.com and its green investor portals release commentary on solar trends from Lisa Springer, CFA, Equity research analyst and financial writer.  Featured within the report is solar stock, XsunX, Inc. (OTCBB: XSNX), a solar company developing CIGSolar™ Technology.

Hybrid Manufacturing Solution May Lower Solar Costs

Public Companies within this article include: XsunX (OTCBB: XSNX), Intevac (NASDAQ:IVAC), Sunpower (NASDAQ: SPWRA, SPWRB), Chevron Energy (NYSE: CVX)

Nabors Industries Ltd. and Superior Well Services, Inc. Announce Definitive Merger Agreement

Nabors Industries Ltd. (Nabors) (NYSE:NBR) and Superior Well Services, Inc. (Superior Well Services) (Nasdaq:SWSI ) today announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services.  The agreement contemplates that Nabors will commence a tender offer for all outstanding shares of Superior Well Services common stock at a price of $22.12 per share in cash in accordance with the merger agreement.  The transaction is valued at approximately $900 million.

Gene Isenberg, Nabors' Chairman and CEO, commented: "For some time now, we have evaluated integrating more service offerings into our business, particularly internationally. Although we expect this acquisition by itself to be significantly accretive to 2011 results, our major motivator was the opportunity to leverage this well respected franchise into a global force utilizing our extensive international footprint and resources.  

  CONROE, Texas - August 5, 2010 (Investorideas.com energy newswire) - Hemiwedge Industries, Inc. (Pink Sheets:HWEG.pk), a global supplier of specialty engineered valves, today announced it has received an order for $150 thousand for its Hemiwedge® Cartridge valves from one of the largest providers of integrated midstream natural gas services in the country.

The purchase order was issued to Hemiwedge Valve Corp (HVC), the operating subsidiary of Hemiwedge Industries that sells the patented valve product line. The purchase order is for 3 inch through 6 inch bore sizes, in 300 and 600 ANSI class valves for heavy condensate and compressor service applications. These Hemiwedge valves will replace existing valves that have had stem emission issues. Deliveries are scheduled to occur during the third quarter of 2010.