Daily Market Stocks in the News: (OTC:APPA), (OTC:MEGEF)

New York, NY -- (SBWIRE) -- 03/06/2013 -- AP Pharma Inc. (OTC:APPA) last week reported fourth quarter and full year 2012 financial results and highlighted recent corporate progress.

A.P. Pharma’s net loss for the fourth quarter of 2012 was $7.7 million, or $0.03 per share, compared to a net loss of $4.3 million, or $0.02 per share, for the fourth quarter of 2011.

Loss from continuing operations was higher in the 2012 quarter primarily due to increased spending related to the NDA resubmission and higher personnel-related expenses, including stock compensation expense.

Net loss for the fiscal year 2012 was $23.3 million, or $0.10 per share, compared with a net loss of $11.8 million, or $0.10 per share, for 2011.

A.P. Pharma is a specialty pharmaceutical company developing products using its proprietary Biochronomer™ polymer-based drug delivery platform.

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MEG Energy Corp. (OTC Pink: MEGEF) announced last month that in light of favorable market conditions, it has re-priced and extended the maturity of its existing US$987.5 million term loan. The interest rate of the covenant-light term loan has been reduced by 25 basis points and the maturity has been extended by two years to March 2020. In addition to re-pricing and extending the term loan, MEG has also taken the opportunity to increase the term loan by US$300 million on the same terms and conditions.

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods.

Find out more on MEGEF by getting the trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MEGEF

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