Trouble aligning post title and teaser with thumbnail image

Hi,

Have a list of posts on a site and I want the heading and teaser to display next to them, sort of like this:
|–----------------| HEADING IN LINE WITH TOP OF IMAGE
| | Teaser for post below the heading and
| IMAGE | aligned with the story
| |
|–----------------|

Have tried floating the images left and that makes one of the images go to the middle of the page; could fix that by adding clear:left but the text and heading still aren't aligned with the image (see attached image).
The page is at http://virtualvagabond.net/test-home – any advice would be much appreciated.

Andrew