Stockwatch Daily - - ENERGY -

- Dal­mac En­ergy Inc. has closed its $750,000 loan with pres­i­dent, CEO and lender John Babic. The loan ma­tures in three years and bears 12.5-per-cent in­ter­est. Dal­mac plans to use the pro­ceeds for its cap­i­tal needs in the fall and win­ter. (DAL) $0.11

- Fal­con Oil & Gas Ltd. share­hold­ers ap­proved all res­o­lu­tions at the com­pany’s AGM yes­ter­day. (FO) $0.39

- Hori­zon Pe­tro­leum Ltd. es­ti­mates its Ledieux per­mit in France holds 718.7 bil­lion cu­bic feet of con­ven­tional nat­u­ral gas. The net present value of the nat­u­ral gas re­sources is es­ti­mated at $1,116-mil­lion (U.S.). (HPL) $0.09

- Ikkuma Re­sources Corp. has closed a $2.12-mil­lion fi­nal tranche of its pri­vate place­ment by is­su­ing 2.58 mil­lion flow-through shares at 82 cents each. It will use the pro­ceeds, $12.37-mil­lion in to­tal, for ex­plo­ration. (IKM) $0.68

- Ob­sid­ian En­ergy Ltd.’s shares are no longer in com­pli­ance with one of the NYSE’s con­tin­ued list­ing stan­dards. The av­er­age clos­ing price of the com­pany’s shares was less than $1 (U.S.) over a con­sec­u­tive 30 days. (OBE) $1.25

- SDX En­ergy Inc. has closed its $10-mil­lion (U.S.) fi­nanc­ing. It will use the pro­ceeds to speed up its ex­plo­ration and ap­praisal pro­gram at its South Disouq as­set in Egypt. (SDX) $0.82

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