Penford Corporation (NASDAQ:PENX)
PENX and Novomer Inc., a new materials company pioneering a family of high-performance plastics and polymers using renewable feedstocks such as carbon dioxide, announce that they have entered into a Joint Development Agreement that will leverage the two companies’ core technologies and expertise.
PENX is a publicly traded company that develops, manufactures and markets specialty ingredients for a variety of industrial and food applications. Products include a broad line of modified starches for paper and packaging, biofuels, sustainable bio-products to displace petroleum-based chemicals and specialty food ingredients. Penford has seven manufacturing and/or research locations in the United States.
For more information about PENX please visit http://www.penford.com/
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Rex Energy Corporation (NASDAQ:REXX)
REXX announced today its total proved oil and natural gas reserves as of December 31, 2011, unaudited fourth quarter and full year 2011 production results and provided an update on its operations. Rex Energy reported year end 2011 proved oil and gas reserves of 366.2 Bcfe, an increase of 82% over 2010. Of the 366.2 Bcfe of proved reserves, 75% was attributable to natural gas with 25% attributable to oil, natural gas liquids and condensate. The proved developed portion of the 2011 reserves increased to 47% from 42% in 2010.
REXX is headquartered in State College, Pennsylvania and is an independent oil and gas company operating in the Appalachian and Illinois Basins within the United States. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.
For more information about REXX please visit http://www.rexenergy.com/
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MCG Capital Corporation (NASDAQ:MCGC)
MCGC announced today that its Board of Directors had authorized a stock repurchase program of up to $35.0 million. Under the program, MCG management is authorized to repurchase shares in open market transactions, including through block purchases, depending on prevailing market conditions and other factors. MCG intends to fund the repurchases through its available liquidity.
MCGC is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States. Our investment objective is to achieve current income and capital gains. Their capital is generally used by our portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth and working capital.
For more information about MCGC please visit http://www.mcgcapital.com/
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