On June 05, 2014, Magellan Petroleum Corporation (NASDAQ:MPET) announced that the Company will be presenting at EnerCom’s London Oil & Gas Conference™6 to be held in London at the Cavendish London hotel on June 10-11, 2014. Magellan Petroleum Corporation (NASDAQ:MPET) weekly performance is 23.95%. On last trading day company shares ended up $2.07. Analysts mean target price for the company is $3.45. Magellan Petroleum Corporation (NASDAQ:MPET) distance from 50-day simple moving average (SMA50) is 9.67%.
On May 15, New Concept Energy, Inc. (NYSE MKT:GBR), reported net loss for the three months ended March 31, 2014 of $40,000 or $0.02 per share, compared to a net income of $31,000 or $(0.02) per share for the three months ended March 31, 2013. For the three months ended March 31, 2014, the Company recorded oil and gas revenues of $344,000 as compared to $340,000 for the comparable period of 2013. New Concept Energy, Inc. (NYSEMKT:GBR) shares advanced 15.83% in last trading session and ended the day on $2.78. GBR Gross Margin is -4.80% and its return on assets is 2.30%. New Concept Energy, Inc. (NYSEMKT:GBR) quarterly performance is 39.00%.
On May 30, 2014, Zion Oil & Gas, Inc. (NASDAQ:ZN) announced that it has extended the expiration date for the Unit program under its Dividend Reinvestment and Common Stock Purchase Plan (“DSPP” or the “Plan”) to Wednesday, December 31, 2014. Units may be purchased under the DSPP at any time prior to 5:00 p.m. Eastern Daylight time on December 31, 2014. Zion Oil & Gas, Inc. (NASDAQ:ZN) shares moved up 6.50% in last trading session and was closed at $2.13, while trading in range of $2.00 – $2.18. Zion Oil & Gas, Inc. (NASDAQ:ZN) year to date (YTD) performance is 51.06%.
On June 4, 2014, Escalera Resources Co (NASDAQ:ESCR) announced that it has entered into a letter agreement (the “Letter Agreement’) to jointly initiate the development, construction and operations of a gas-to-liquids (“GTL”) plant to be located in Cheyenne, Wyoming (the “GTL Plant”). Escalera Resources Co. (“Escalera” or the “Company”) and Wyoming GTL, LLC (“WYGTL”) will jointly own Escalera GTL, LLC (“EGTL”), through which the initial phase of the GTL Plant will be executed. Under the Letter Agreement, WYGTL will assign all development and engineering plans, contracts, rights, technical relationships, among other rights (collectively, the “Rights”) to EGTL, and the Company will fund up to $2 million to EGTL, subject to Board approval. These funds will be used for feasibility studies and completion of the initial engineering and development plans for the GTL Plant. Escalera Resources Co (NASDAQ:ESCR) shares moved up 12.32% in last trading session and was closed at $3.10, while trading in range of $2.78 – $3.11. Escalera Resources Co (NASDAQ:ESCR) year to date (YTD) performance is 34.78%.
Mexco Energy Corporation (NYSEMKT:MXC) ended the last trading day at $7.45. Company weekly volatility is calculated as 7.80% and price to cash ratio as 75.99. Mexco Energy Corporation (NYSEMKT:MXC) showed a positive/negative weekly performance of 8.76%.