LiquidStockReport.com Reports on Penny Stocks in the News

Elray Resources Inc (OTC:ELRA), Indigo-Energy, Inc. (OTC:IDGG), Health Enhancement Products, Inc. (OTC:HEPI), GRID PETROLEUM CORP (OTC:GRPR)

Del Mar, CA - Penny stocks making news on the 22nd of April

Elray Resources Inc (OTC:ELRA)

LAS VEGAS, NV, Apr 21, 2010 -- Elray Resources, Inc. (ELRA) , a global exploration and production mining company with a portfolio of valuable properties, is pleased to confirm that the infrastructure is in place to allow aggressive development of the company's Picacho property in south-eastern Ecuador.

And the price of gold continues to hover above $1,100 with Societe Generale's commodity analysts recently commenting that there is a long-term endemic bullishness about gold in India and rising concerns about inflation in China. Therefore, they are still expecting gold to rise even further, forecasting a $1,400 average for 2011.

The Picacho area is now fully accessible by four wheel drive vehicles, with a total journey time of less than three hours from Machala, the regional capital. Machala is a growing city that is not very far from the country's largest city, Guayaquil. In addition, the city is very close to Puerto Bolivar, one of the world's largest shipment points and deep sea ports.

The region has a good electrical grid in place with high voltage lines within range of the development. In addition, there are sufficient water resources with the nearby Amarillo and Calera rivers being able to supply project needs.

"Good quality infrastructure such as we have around Picacho significantly decreases the costs associated with both exploration and going into production," commented Mr. Barry Lucas, Elray's Executive Chairman. "Project viability is hugely influenced by the quality of infrastructure, and we are happy to report Picacho and surrounding areas are very well served."


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Indigo-Energy, Inc. (OTC:IDGG)

HENDERSON, Nev. - April 21, 2010 - Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce today that is producing oil from its horizontal oil well, the "D-1," recently completed in the Illinois Basin. The well began flowing commercial grade oil about one week ago and is now consistently producing approximately 80 barrels per day. The Company believes that continued adjustments to the well and down-hole pump may cause increased production in the coming weeks. In addition to the oil production, this well is also producing natural gas at a flow rate of approximately 200 MCFD (thousand cubic feet per day). Because of this additional production development, a new gas line has been run to the well site so the natural gas can be gathered and sold simultaneously with the oil, making the D-1 both a gas and oil producing well.

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Health Enhancement Products, Inc. (OTC:HEPI)

SCOTTSDALE, Ariz., Apr 21, 2010-- Health Enhancement Products, Inc (HEPI) has named Dr. Denis M. Callewaert its Chief Science Officer, effective today. Dr. Callewaert will chair the Science Advisory Board that now includes Donald Armstrong, PhD, DSc, professor emeritus SUNY -- Buffalo and Visiting Professor, Showa University School of Medicine; Eric Holland, MD, PhD and vice-chair of Translational Research, Department of Neurosurgery at the Sloan-Kettering Institute; and Jack Vanden Heuvel, professor of Molecular Toxicology at Penn State University.

Dr. Callewaert holds a PhD in biochemistry and is professor emeritus at Oakland University, located in Rochester Hills, Michigan, where he also founded the university's Center for Biomedical Research and served as its executive director for nearly 20 years. In 1985, he founded Oxford Biomedical Research, an independent R&D laboratory providing life science tools to biomedical researchers worldwide. He has also been awarded over 40 NIH research and commercialization grants. Dr. Callewaert also founded Oxford Laboratories, which produced thyroid testing products for companion animals, and most recently, Wellness Indicators, Inc., a biotech firm that develops human metabolic tests.

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GRID PETROLEUM CORP (OTC:GRPR)

LONDON, Apr 21, 2010 -- Grid Petroleum Corp. (OTCBB:GRPR) is pleased to announce the completion of a financial report by premier research company, Cohen Independent Research Inc., which concludes with a Price Index Target of $2.26.
The report evaluates Grid Petroleum's potential by assessing the company's position in the oil and gas exploration industry, relating to a global overview of oil and gas expectations, using one of the most complex and sophisticated oil models that has been built in the financial community.

The report encompasses evaluations on the company's assets, both physical and managerial, and reviews the initial financial structuring suitable for realizing the intrinsic share value of Grid petroleum.

The report highlights some key aspects of Grid Petroleum's position, stating:-
Grid Petroleum has completed the acquisition of assets in the prolific Jonah Field region, and the Company is in the process of looking to expand its acreage in the region.
The US government is interested in increasing domestic production of natural gas to break the dependence on foreign oil and reach clean energy goals. Wyoming is second only to Texas, with regard to proven reserves of natural gas; and its reserve base has been growing significantly in recent years.

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