Petro America Backs Shares With Gold Mine Interest

Petro America Corp (PTRZ) announced that it will adopt a gold standard from its Gold Mine acquisition interest to create greater share value for its shares. With the consistently high prices of Gold, this is an excellent way to hedge and maintain share value. The company is preparing to file the necessary financial information with the SEC, and is excited about its gold mine acquisition interest and... 

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Precision Petroleum Corporation-Acquires Overriding Royalty Interest in Two Adjoining Fields, Nowata County, Oklahoma

Precision Petroleum Corporation an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America continues to extend its oil production expansion program. Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County,... 

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American Energy Resources Discovers Mid-Continent Oil in Gove County, Kansas

American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced the discovery of significant oil. The oil well, christened Bonita Springs 4A is located eight miles southeast of Oakley in Gove County, Kansas. This is the second oil well to successfully produce resources for American Energy Resources within the last month. “This... 

Terrawest Energy Corp. Announces Natural Gas Discovery

Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production... 

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ExxonMobil Technology Yields Worlds Largest LNG Carrier

Exxon Mobil Corporation’s technology leadership in liquefied natural gas or LNG has resulted in an industry breakthrough in carrier design and size, enabling the more efficient transport of natural gas to markets throughout the world. The recent completion of the world’s first Q-Max LNG carrier, named ‘Mozah,’ marks a step change in LNG shipping by reducing transportation cost, while improving... 

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El Paso Corporation Announces Tot Discovery

El Paso Corporation announced that the Tot exploration well, 1-ESS-185D, located in the ES-5 block offshore Brazil, is a discovery. Through its Brazilian E&P subsidiary, El Paso has a 35 percent working interest in the Petrobras-operated well. The well is located 30 kilometers offshore in 61 meters of water, and was drilled to a total vertical depth of 4,521 meters. Preliminary evaluation of logs... 

First Calgary Petroleums Ltd. announces completion of acquisition by Eni S.p.A.

First Calgary Petroleums Ltd. announce that it has closed the plan of arrangement involving First Calgary, Eni Canada Holding Ltd., Eni S.p.A. and securityholders of First Calgary. Under the terms of the arrangement, First Calgary shareholders receive C$3.60 cash for each common share held. In addition, on November 28, 2008 First Calgary will redeem all of its outstanding 9% convertible bonds. Bondholders... 

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Petro Canada, As Part Of The Fort Hills Energy Limited Partnership, Defers Mine Decision Until 2009 And Defers Upgrader

The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be put on hold and a decision on whether to proceed with the Upgrader... 

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Hycarbex-American Energy, Inc. Announces Approval of Contract for Surface Facility and Placement of Rig for New Exploratory Well

The American Energy Group, Ltd. announced that Hycarbex-American Energy, Inc. has updated its scheduling for the construction of its surface treatment facility for its Haseeb #1 Well and for its new exploratory well on Yasin Block (2768-7). The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb # 1 Well. The working interest is co-owned... 

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Western Standard Energy Corp. Acquires Package of North Dakota State Oil & Gas Leases

Western Standard Energy Corp., an oil and gas exploration company, announced that it has entered into an agreement with East Dickinson Oil and Gas Co. to acquire a package of ten State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. Western Standard has also acquired one State of North Dakota oil & gas lease from the Stark County Oil & Gas Co.; amounting... 

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