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Energy Stock News; Natural Gas

By Matthew Philips, Associate Editor, Bloomberg Businessweek

Category: Investment, Natural Gas, Energy

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News about Adira Energy Ltd.

November 20, 2012 (Investorideas.com Energy stocks newswire) - eResearch Corp Reports: For quite a while, natural gas performed so badly, with the price beaten down because of the tremendous new supplies found in the United States, and which are accessible because of evolving fracking techniques. As a substitute, especially for coal, natural gas all of a sudden came into sharp focus. After hitting a low of US$1.84 mmbtu last April, the price has almost doubled and currently (November 16) sits at $US3.48 mmbtu.

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Adira Energy Ltd. ($0.115 - November 7, 2012; ADL-TSX-V)

(1) Adira has filed a draft prospectus with the Israeli Securities Authorities in connection with the Company's previously announced application to list its securities on the Tel Aviv Stock Exchange. (2) Adira has also filed a preliminary short-form prospectus with the securities regulatory authorities in Ontario, British Columbia and Alberta in connection with a fully marketed best-efforts offering of units through a syndicate of agents. The offering may also be made in other jurisdictions outside Canada, including the USA and Israel.

Rainbow Resources Inc. ($0.19 - November 8, 2012; RBW-TSX-V)

(1) Rainbow Resources has completed 12 diamond drill holes over two separate sections (about 3,300 feet apart) at the Company's Gold Viking property in the Slocan Mining District of southeast British Columbia. The Company is awaiting results from the holes in order to plan a step-out drilling strategy. (2) The Company has also completed the first two holes of a Phase 1 reverse circulation drill program at the Jewel Ridge property near Eureka, Nevada. (3) Rainbow is awaiting assay results from the recently-completed 15-hole drill program at the International silver property in the West Kootenay area of B.C.

Canadian Orebodies Inc. ($0.20 - November 12, 2012; CO-TSX-V)

(1) Canadian Orebodies has completed its summer drilling program at the Haig Inlet iron project on the Belcher Islands in Nunavut. A total of 6,469.6 metres were drilled in 38 holes over four separate target areas (Haig West, Haig South, Haig North Extension, and Kihl Bay. An updated NI 43-101 compliant resource estimate is expected by Q1/2013. (2) The Company has extended the expiry date of 6,325,666 common share purchase warrants issued as part of a private placement completed November 19, 2010. The expiry date has been extended by one year to November 19, 2013, with the exercise price remaining unchanged at $0.18.

To Read Complete Research Report from eResearch Corp (www.eresearch.ca): Natural Gas - November 20, 2012

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