Thursday, October 1, 2009

DEE ENERGY Ready To Run

UPDATE 1-Delphi Energy acquires assets at Hythe, Alberta
6:39pm ET (Reuters)

* Says will exchange non-core assets, pay C$10 mln cash

* Sees additional production of about 630 boepd at Hythe

Sept 30 (Reuters) - Canada's Delphi Energy Corp said it would acquire additional natural gas and light oil assets and related infrastructure at Hythe, Alberta, primarily to boost production.

The acquired assets complement Delphi's existing assets at Hythe, where production has grown from 400 barrels of oil equivalent per day (boepd) to 2,000 boepd over the past two years, the company said in a statement.

Delphi expects additional production of about 630 boepd at Hythe.

The company said it would exchange non-core producing assets and related infrastructure and pay net cash of C$10 million for the acquisition.

The transaction is expected to close by Nov. 3, Delphi said.

The company also maintained its outlook of lowering net debt by about C$2 million to C$4 million by Dec. 31.

Shares of the Calgary, Alberta-based company closed at C$1.41 Wednesday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Ratul Ray Chaudhuri)





Delphi Energy to list 12 million more shares

2009-09-28 18:16 ET - Prospectus Approved

TSX bulletin 2009-1226

An additional 12 million common shares (symbol: DEE) will be listed at the opening on Wednesday, Sept. 30, 2009. The listing will cover common shares to be sold to the public at a price of $1.25 per common share pursuant to the terms of a short-form prospectus dated Sept. 23, 2009. The closing of the offering is expected to occur prior to the opening on Sept. 30, 2009.

Delphi Energy arranges $15-million financing

2009-09-09 17:33 ET - News Release

Mr. David Reid reports

DELPHI ENERGY ANNOUNCES FINANCING

Delphi Energy Corp. has entered into a financing agreement with a syndicate of underwriters, led by National Bank Financial, to issue and sell, on a bought-deal basis, 12 million common shares of Delphi at an issue price of $1.25 each, resulting in gross proceeds of $15-million. The underwriters will have the option to acquire up to an additional 1.2 million common shares at an issue price of $1.25 per common share for additional gross proceeds of up to $1.5-million for total gross proceeds of up to $16.5-million. Proceeds of the offering will be used to finance Delphi's continuing light oil development program in Hythe and additional potential acquisition opportunities. The offering is subject to normal regulatory approvals, including approval of the Toronto Stock Exchange. Closing is expected to occur on or before Sept. 30, 2009.








Buy Bankers On A Dip And A Red Day = Buy Today






BANKERS PETROLEUM
(T-BNK)
$4.68 +0.17


I guess everyone out there knows that for much of the
last part of the year, Bankers Petroleum was one of our fa-
vourite stories (although now Wavefront Energy is very close
on their heels). We thought we were safe sending out a
note on Bankers in the form we did last week—what with
Abby Badwi off speaking in Connecticut and Doug Urch at
an energy conference in Toronto. No one would note any-
thing we would write here, right? Wrong. It’s not as if
Abby took us out behind the shed for a spanking or any-
thing, but there were a few corrections that he figured peo-
ple should be aware of. His points are:
1)
Bankers had a CAPEX of $78 million in 2008 and are
planning a $50 million program this year, despite only
spending $7 million in first half of this year. 2010 he
suggests, will probably exceed $100 million. This point
is made because we has suggested that some people
even within Bankers might love being taken over by a
huge international that would allow them to throw huge
dollars at their projects in Albania, just to see what it
can do. Bankers is already and definitely doing that,
particularly next year.




How Many Tickets Will It Take Before You Fight Back? GPS Radar Detectors Pay For Themselves.


EFR-T Energy Fuels Granted Special Use Permit for Pinon Ridge Mill by Montrose County


Energy Fuels Granted Special Use Permit for Pinon Ridge Mill by Montrose County


2:32pm ET (INW)


Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), has successfully completed what is probably the most significant step on the critical path to constructing the Pinon Ridge Mill which will process uranium and vanadium ore in the Paradox Valley of western Montrose County, Colorado. The three person Montrose County Board of County Commissioners today unanimously approved the Company's Special Use Permit Application; the third unanimous approval in the County's permitting procedures. This clears the way for Energy Fuels to aggressively pursue the next important step in the permitting process which is obtaining the Radioactive Source Material License ("Mill License") from the Colorado Department of Public Health and Environment ("CDPHE"). Upon issuance of the mill license, Energy Fuels will have the right to construct and operate the mill.

The approval of this Special Use Permit moves the Company forward significantly in its strategic development. Energy Fuels is:

-- well on the way to constructing the first new uranium mill in the US in more than 25 years -- continuing to acquire resources and assets, and is moving to consolidate hard rock uranium mining in the US -- a lower risk alternative to in-situ recovery methods for uranium production in the US



The Montrose County permitting process was initiated over 13 months ago on July 22, 2008, when Energy Fuels formally applied for a Special Use Permit to change the land use designation for the Company's 880 acre mill site located 12 miles west of Naturita, Colorado from "General Agricultural" to "Mineral Resource Operation Facility." Working closely with the County's Land Use Department, Energy Fuels has addressed the concerns of the citizens of Montrose County, and agreed to 19 stipulated conditions adopted after the original permit application. These conditions address issues including groundwater impacts, truck transportation, lighting, and others, all adopted to assure the mill will be a good and responsible neighbor in the Paradox Valley.

This permitting process has stepped through three levels of County regulation which include the West End Planning Advisory Committee, the Montrose County Planning Commission, and the Board of County Commissioners. There have been a total of 6 public meetings with three separate project presentations and more than 30 hours of testimony from over 300 interested parties, including residents of Montrose County, and many from outside the County."

According to George Glasier, President and CEO of Energy Fuels, "Our team has worked diligently on this permit for over a year, responding to objections with appropriate modifications to our original plan. From this point, the process moves into the technically based mill licensing arena, in which the Colorado Department of Public Health and Environment will evaluate our plans in accordance with the rules and regulations for building and operating a uranium mill. The Energy Fuels team is well prepared to demonstrate full compliance with CDPHE's regulations. The overwhelming support of the community in western Montrose County has made the difference in the Company's ability to prove to the Commissioners that this project is good for the County."

Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the content of this press release.

Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 55,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, Idaho, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling almost 50,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its recently acquired Magnum Uranium subsidiary, has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia, Alberta and Ontario Securities Commissions.

Contacts: Energy Fuels Inc. Gary Steele Investor Relations Toll Free: 1-888-864-2125 investorinfo@energyfuels.com www.energyfuels.com



SOURCE: Energy Fuels Inc.
http://www.energyfuels.com

Sometimes you need a laugh...

Top Four 2008 Adult Jokes
Fourth Place :

A man bumps into a woman in a hotel lobby and as he does,
his elbow goes into her breast.
They are both quite startled.
The man turns to her and says, 'Ma'am, if your heart is as
soft as your breast, I know you'll forgive me.'
She replies, 'If your penis is as hard as your elbow, I'm in room 221.'

---------------------------------------------------------------- --------------------------
Third Place :
One night, as a couple lays down for bed, the husband starts rubbing his wife's arm.
The wife turns over and says 'I'm sorry honey,
I've got a gynecologist appointment tomorrow and I want to stay fresh..'
The husband, rejected, turns over.
A few minutes later, he rolls back over and taps his wife again.
'Do you have a dentist appointment tomorrow too?'

------------------------------------------------------------------------------------------
Runner Up:
Bill worked in a pickle factory.
He had been employed there for a number of years when
he came home one day to confess to his wife that he had a terrible compulsion.
He had an urge to stick his penis into the pickle slicer.

His wife suggested that he should see a sex therapist
to talk about it, but Bill said he would be too embarrassed.
He vowed to overcome the compulsion on his own.
One day a few weeks later, Bill came home and his wife
could see at once that something was seriously wrong..
'What's wrong, Bill?' she asked.

'Do you remember that I told you how I had this
tremendous urge to put my penis into the pickle slicer?'

'Oh, Bill, you didn't' she exclaimed.
'Yes, I did.' he replied.

'My God, Bill, what happened?'
'I got fired.'

'No, Bill. I mean, what happened with the pickle slicer?'
'Oh...she got fired too. '
-----------------------------------------------------------------------------------
Winner:

A couple had been married for 50 years.
They were sitting at the breakfast table one morning when the wife says,
'Just think, fifty years ago we were sitting here at this breakfast table together.'
'I know,' the old man said.
'We were probably sitting here naked as a jaybird fifty years ago.'
'Well,' Granny snickered. 'Let's relive some old times.'
Where upon, the two stripped to the buff and sat down at the table.
'You know, honey,' the little old lady breathlessly replied,
'My nipples are as hot for you today as they were fifty years ago.'
'I wouldn't be surprised,' replied Gramps.
'One's in your coffee and the other is in your oatmeal.
===============================================


And 1 more just because its funny...

SHIPWRECKED:

A man was washed up on a beach after a terrible shipwreck. Only a sheep and a sheepdog were washed up with him. After looking around, he realized that they were stranded on a deserted island.

After being there awhile, he got into the habit of taking his two animal companions to the beach every evening to watch the sunset.

One particular evening, the sky was a fiery red with beautiful cirrus clouds, the breeze was warm and gentle - a perfect night for romance.

As they sat there, the sheep started looking better and better to the lonely man. Soon, he leaned over to the sheep and put his arm around it.

But the sheepdog, ever protective of the sheep, growled fiercely until the man took his arm from around the sheep.

After that, the three of them continued to enjoy the sunsets together, but there was no more cuddling.

A few weeks passed by and, lo and behold, there was another shipwreck.

The only survivor was Hillary Clinton.
That evening, the man brought Hillary to the evening beach ritual. It was another beautiful evening - red sky, cirrus clouds, a warm and gentle breeze - perfect for a night of romance. Pretty soon, the man started to get 'those feelings' again..


He fought the urges as long as he could but he finally gave in and leaned over to Hillary and told her he hadn't had sex for months. Hillary batted her eyelashes and asked if there was anything she could do for him.

He said, 'Would you mind taking the dog for a walk?'