Gateway Energy Acquires Net Profits Interest in Madisonville Gas Field

Gateway Energy Corporation announced that it has acquired a 9.1% net profits interest in certain leases and wells in the Madisonville, Texas gas field for $762,450. The effective date of the acquisition is September 1, 2008. The NPI covers production from certain identified leases and wells owned by operated by Redwood Energy Production, L.P. (“Redwood”) in the Madisonville Field insofar... 

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Oromin Explorations Ltd.: Progress at Santa Rosa Oil Project, Argentina

Oromin Explorations Ltd. advise that the environmental studies on the Santa Rosa Exploration Permit have been completed by our wholly-owned Argentine subsidiary and have been filed with the Environmental Control and Improvement Directorate of the Province of Mendoza. The Directorate will oversee the evaluation of the environmental studies by the appropriate government agencies and specialists prior... 

Global Resource Corp. Reports Successful Test of Commercial Prototype of Its Microwave Technology-Based Process

Global Resource Corp, a developer of a patent-pending microwave technology and machinery for extracting oil and gas, today announced that the Company successfully completed the testing of a commercial prototype of its microwave technology for economically converting hydrocarbons, into oil and gas, from a wide variety of sources. The Company said that as a result of its successful tests it can now begin... 

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Ausam announces agreement to purchase oil and gas assets

Ausam Energy Corporation announced that it has, through its wholly-owned subsidiary Noram Resources, Inc., signed an asset purchase agreement with a private company to acquire 20% undivided interest in certain oil gas properties which include approximately 19,500 gross acres (13,800 net acres) located in Caddo Parish, Louisiana, Miller County, Arkansas, and Cass and Marion Counties, Texas. The properties... 

Southern Star Energy Inc closed financing of $25 million

a fast-growing E&P company with reserves and production from leases located in northern Louisiana, Southern Star Energy Inc, published a report saying that it closed on a $25 million Senior First Lien Secured Revolving Credit Agreement (Revolver) with Macquarie Bank Limited. Proceeds from this facility will be used to fund the development of Southern Star’s Sentell Field as well as other... 

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Oromin Announces Prospective Oil Resources at Its Santa Rosa Prospect in Argentina

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (“Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province... 

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Tidelands Oil & Gas Update on Sonterra Energy

Tidelands Oil & Gas Corporation , a midstream natural gas project development, natural gas pipeline, and NGL distribution company, today said it is updating shareholders and potential investors about the progress and achievements of its Sonterra Energy subsidiary. “Sonterra Energy continues to see solid improvement year over year across all segments of its operations. During 2006, it continued... 

Colorado mulls drilling guidelines

A state lawmaker said he hopes to create a national model for balancing wildlife protection and energy development when he introduces a bill laying out guidelines for softening the impact of oil and gas drilling. Supporters say 55 environmental, hunting and fishing groups are behind the proposal. Democratic Rep. Dan Gibbs of Silverthorne, the sponsor, said wildlife and energy are both important to... 

BPZ Energy Initiates Testing Operations

BPZ Energy, Inc. announced that testing has begun on the recently drilled CX11-21XD well in the Company’s Corvina gas field off the coast of Peru. The Company successfully completed all pressure integrity tests of the well, replaced mud by completion brine in the wellbore, and connected the gas flare and surface equipment to the well. Consequently, the testing phase was initiated with a series... 

Foothills Resources, Inc. Commences Natural Gas Production From Vicenus 1-3 Well in California

Foothills Resources, Inc. announced that commercial production has started from the Foothills California Vicenus 1-3 well in the Grizzly Bluff natural gas field in Humboldt County, California. The well was placed on production on January 15, 2007 and has been producing at daily rates between 30,000 and 180,000 cubic feet of gas and 20 barrels of formation water. The Vicenus 1-3 well reached total depth...