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Capital City Energy Group CEO Resigns

Thu, 12 Mar 2009 15:48:00 GMT

Capital City Energy Group has announced that its chairman and CEO Timothy Crawford has resigned from his position of CEO.
Mr Crawford will remain as the chairman of the board of the company.
Daniel Coffee, president and COO of Capital City Energy Group, will assume Mr Crawford's responsibilities.

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Avanti Energy to Commence Drilling in Appalachian Basin in Q1 2009

Thu, 25 Sep 2008 13:52:00 GMT

Capital City Energy has announced that its wholly owned subsidiary, Avanti Energy Partners, will complete plans for a five-well natural gas drilling program in the fourth quarter and commence drilling in the first quarter of 2009.
The drilling package will target the Clinton Sandstone in the Appalachian Basin, US.
Overall, the cumulative life of each well is expected to produce approximately 175 million cubic feet of natural gas.

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StockPreacher.com Issues Trading Outlook for ERHC Energy Inc.

Thu, 23 Jul 2009 12:23:00 GMT

StockPreacher.com announces an investment report featuring ERHC Energy Inc. . The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.[More...]

Capital City Energy Group’s CEO Resigns

Thu, 12 Mar 2009 12:07:00 GMT

Capital City Energy Group, Inc. (OTCBB: CETG) announced today that its Chairman and Chief Executive Officer Timothy W. Crawford has resigned from his position of Chief Executive Officer. Mr. Crawford will remain Chairman of the Board of the company.[More...]

Capital City Energy Group's CEO Resigns

Thu, 12 Mar 2009 04:49:00 GMT

For Capital City Energy Group, Inc.
Capital City Energy Group, Inc. (OTCBB: CETG) announced today that its Chairman and Chief Executive Officer Timothy W. Crawford has resigned from his position of Chief Executive Officer.
Mr. Crawford will remain Chairman of the Board of the company.

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Capital City Energy Group's Hotwell Services Subsidiary Ramps Up Activity in Marcellus Shale

Tue, 10 Mar 2009 11:48:00 GMT

Capital City Energy Group (OTCBB: CETG) announced today that Hotwell Services, its wholly owned subsidiary and a provider of oil filed services in the Appalachian Basin, has significantly increased its cased hole service activity in the Marcellus Shale, one of the most active areas for natural gas exploration and production in the continental United States.
More than 800 wells are expected to be drilled in the prolific Marcellus Shale in 2009, a projected increase of 400% from 2008.
Hotwell's clients include many of the major independent producer's active in the Marcellus Shale play.

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Capital City Energy Group’s Hotwell Services Subsidiary Ramps up Activity in Marcellus Shale

Tue, 10 Mar 2009 11:02:00 GMT

Capital City Energy Group (OTCBB: CETG) announced today that Hotwell Services, its wholly owned subsidiary and a provider of oil filed services in the Appalachian Basin, has significantly increased its cased hole service activity in the Marcellus Shale, one of the most active areas for natural gas exploration and production in the continental United States. More than 800 wells are expected to be drilled in the prolific Marcellus Shale in 2009, a projected increase of 400% from 2008. In this environment, the Company anticipates the opportunity to rapidly grow its business by increasing its presence in the basin and expanding its market share. Hotwell’s clients include many of the major independent producer’s active in the Marcellus Shale play.[More...]

Capital City Energy Group CEO Enters into 10b5-1 Plan to Purchase Company’s Shares

Tue, 03 Feb 2009 12:09:00 GMT

Capital City Energy Group, Inc. (OTCBB: CETG) or “Capital City” announced today that the Company’s Chief Executive Officer Timothy Crawford has entered into a 10b5-1 plan under which he is scheduled to conduct open market purchases of the Company’s common stock throughout 2009. Mr. Crawford entered into a similar program to purchase Capital City’s shares during 2008. He also elected to work throughout 2008 without receiving any salary in either cash or stock.[More...]

Capital City Energy Group CEO Enters into 10b5-1 Plan to Purchase Company's Shares

Tue, 03 Feb 2009 05:51:00 GMT

Capital City Energy Group, Inc.
Capital City Energy Group, Inc. (OTCBB: CETG) or "Capital City" announced today that the Company's Chief Executive Officer Timothy Crawford has entered into a 10b5-1 plan under which he is scheduled to conduct open market purchases of the Company's common stock throughout 2009.
"I continue to believe that Capital City's stock is undervalued," said Mr. Crawford.

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Capital City Energy Group Appoints Joseph Sites to Its Board of Directors and Charles Kendall to Additional Positions of Director of Business Development and Land Management

Wed, 21 Jan 2009 04:54:00 GMT

Capital City Energy Group, Inc.
Capital City Energy Group, Inc. (OTCBB: CETG) or "Capital City" announced today that it has appointed Joseph Sites to its Board of Directors and the position of Executive Vice President and has promoted Charles Kendall from the position of Director of Business Development and Land Management to president of Avanti Energy Partners, the Company's oil & gas operating company which is a wholly owned subsidiary.
Mr. Sites is president of Hotwell Services, an oil field services company recently acquired by Capital City.

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Capital City Energy Group Completes Acquisition of Hotwell Services Inc.

Mon, 05 Jan 2009 13:23:00 GMT

Capital City Energy Group, Inc. (OTCBB: CETG) or “Capital City” announced that as of December 31, 2008 it has completed the acquisition of Hotwell Services Inc., or “Hotwell” an emerging oilfield service company operating in the Appalachian Basin. Capital City purchased Hotwell for $5 million (USD), through the issuance of 2.78 million shares of restricted common stock valued at $1.80 per share. Based on current projections, Hotwell could add an additional $2,000,000 in gross revenue per month and $700,000 per month in net cash flow for 2009.[More...]

Capital City Energy Group, Inc. Continues to Expand Reserve Base through the acquisition of Interests in 38 Oil and Natural Gas Wells for more than $1.7 million

Wed, 17 Dec 2008 13:21:00 GMT

Capital City Energy Group Inc. (OTCBB: CETG) announced today that it has expanded its reserve base yet through the strategic acquisition of interests in thirty-eight (38) oil and natural gas wells located in four different Basins in the continental United States that have generated significant amounts of oil and natural gas production. Capital City purchased the interests in the wells for $1,722,086, which are operated by numerous producers. Nine of the wells are located in the Gulf Coast Basin, one well is located in the Permian Basin, seven wells are located in the prolific Barnett Shale in the Ft. Worth Basin, and twenty-one wells are located in the Appalachian Basin.[More...]