Palisades Petroleum Corporation is pleased to announce that the first well in it’s North Buffalo gas prospect in Chouteau County Montana is a success.
The project operator, Cline Production Company, reported on Monday, February 19, 2007, that Seidler # 173-10 well showed an initial production rate of 280,000 cubic feet of gas per day from [...]

Ridgeway Petroleum has successfully completed the purchase of a New Mexico oilfield that the US Department of Energy (DOE) has identified as having considerable enhanced oil recovery (EOR) potential.
The acquisition is the first of several oilfields the Company is targeting as part of its strategy to build a substantial EOR reserve base in the Permian [...]

Aegean Marine Petroleum Network Inc. announced that it will hold a conference call to discuss the Company’s results for the fourth quarter and full year of 2006 on Thursday, March 1, 2007 at 9:00 a.m. Eastern Time. The Company will issue financial results for the fourth quarter and full year ended December 31, [...]

TransAtlantic Petroleum Corp. (TSX: TNP.U) is pleased to announce the drilling of the SGU #96 well on the Company’s South Gillock project in Galveston County, Texas. The well was spudded on February 7th. As of today, at 2 PM MST, it has reached a vertical depth of about 7,085 feet (7,180 feet measured depth). The [...]

General Energy Corporation today announced the completion of a Letter of Intent (”LOI”) to purchase 80% Working Interest (NRI 61%) for prospective oil resources in North Texas properties with leases covering a total of approximately 12,500 acres owned by Pilgrim Petroleum Corporation . The transaction outlined a sale price based on Pilgrim’s Net Present Value [...]

“The Florida-based UPDA (www.updastock.com) is doing its part to help the U.S. become more energy independent by buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. “Americans use over 20 million barrels of oil a day, over half of which is imported,” said Abdullah. [...]

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]

The Hungarian energy office MEH said Thursday the government shouldn’t lower natural gas prices in April or July despite lower world-market oil prices, since gas prices failed to follow import price developments in 2005 and 2006.
Hungary’s natural gas import prices are tied to oil price developments with a six- to nine-month delay. Natural gas prices [...]

Noble Energy Inc. said on Thursday its fourth-quarter profit fell as weakness in natural gas prices weighed on results.
Net profit declined to $165 million, or 95 cents a share, from $222 million, or $1.27 a share, a year earlier.
Excluding charges of $13.1 million, the oil and gas producer said earnings were $1.03 per basic [...]

PrimeWest Energy Trust announces that it is filing its Statement of Reserves Data and other Oil and Gas Information on Form 51-101F1 (the “Statement of Reserves”), the Report on Reserves Data by GLJ Petroleum Consultants Ltd. on Form 51-101F2 and the Report of Management and Directors on Reserves Data on Form 51-101F3, with the Canadian [...]