High volumes movements at AMEX: (BQI, SSN, KOG, PKT, PAL)
Oilsands Quest Inc. (AMEX: BQI) went up by 0.80% and closed at $0.56 whereas overall traded volume stood at 1.54 million shares. Oilsands Quest Inc. (OQI) operates through its subsidiary corporations and conducts limited joint venture activities. The Company is focused primarily on business opportunities in the oil and gas sector and in particular the oil sands and oil shale sectors in Western Canada. The Company’s primary operating subsidiary is Oilsands Quest Sask Inc. (OQI Sask). OQI Sask was established as an operating subsidiary of the Company primarily to explore for and develop oil sands deposits in the provinces of Saskatchewan and Alberta.
Samson Oil & Gas Limited (ADR) (AMEX: SSN) gained by 5.83% to close at $1.27 with total traded volume of 1.50 million shares in the last trading day. Samson Oil & Gas Limited is an Australia-based company. The Company is engaged in oil and gas exploration, development and production in the United States. It operates in the United States and Australia. The Company’s projects include Lookout Wash Field, Rock Springs West Projects, Hawk Springs, Jonah Field, North Stockyard Field, State GC Oil & Gas Fields, State GC Gas Field, New Mexico and Sabretooth #1 well. In November 2008, the Leonard #1-23H, a Bakken oil test, was drilled with a horizontal lateral. The well was drilled to a vertical depth of 10,740 feet and completed in a 4,800 foot horizontal leg in the Middle Bakken. In June 2008, the Davis Bintliff #1 well located in the Sabretooth Prospect in Brazoria County, Texas, spudded. Production from this well was 40 barrels of oil per day. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company produced approximately 22,412 barrels of oil and 125,320 cubic feet of gas. Its subsidiary is Samson Oil & Gas USA Inc.
Kodiak Oil & Gas Corp. (AMEX: KOG) jumped up by 4.29% and closed at $3.40 whereas traded volume stood at 1.46 million shares for the day. Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The Company’s oil and natural gas reserves and operations are concentrated in two Rocky Mountain Basins, the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2009, the Company’s portfolio included Eastern Bakken oil play in Mountrail and Dunn Counties, North Dakota, and Vermillion Basin of southwest Wyoming. As of December 31, 2009, the Company had acquired an interest in approximately 52,000 gross (37,000 net) acres in the Eastern Bakken oil play.
Procera Networks, Inc. (AMEX: PKT) closed at $0.57 after surging by 5.56% with overall traded volume of 1.44 million shares in the last trading session. Procera Networks, Inc. (Procera) is a provider of network traffic awareness, analysis and control solutions based on deep packet inspection (DPI) technology for a range of broadband service providers worldwide. The Company’s products offer network operators network traffic identification, control and service management.
North American Palladium Ltd. (AMEX: PAL) reported the gain of 3.36% and closed at $3.38 whereas total traded volume stood at 1.35 million shares. North American Palladium Ltd. (NAP) is a Canada-based precious metals company with assets in mining in Canada. The Company owns the Lac des Iles (LDI) palladium mine in northwestern Ontario, the Sleeping Giant gold mine in northwestern Quebec, several exploration properties in the Abitibi region of Quebec, and has a 50% joint venture interest in the Shebandowan property located 100 kilometers southwest of the LDI mine. On May 26, 2009, the Company acquired the Sleeping Giant gold mine in the Abitibi region of Quebec through the acquisition of Cadiscor Resources Inc.