RedHawk Energy Acquires Xxtreme Group for $66.0 Million

RedHawk Energy Corporation announced that it has acquired 100% of the membership interests of Texas-based Xxtreme Pipe Services, LLC, Xxtreme Pipe Storage, LLC, Xxtreme Tubular Processors, LLC and Wolf Pack Rentals, L.L.C. (collectively, the “Xxtreme Group”) for $66.0 million in cash, preferred stock and assumed debt. The purchase price is subject to certain post-closing adjustments. Headquartered... 

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Hawthorne Commences Mining of Bulk Sample from Taurus

Hawthorne Gold Corp. announce the Company has commenced the extraction of a 10,000-tonne bulk sample from the Sable Zone located within the Taurus claim area. On August 14, 2009, the Company received the Notice of Work approval # 09-0100011-0814 from the Ministry of Energy, Mines, and Petroleum Resources to extract the bulk sample. The bulk sample will be stockpiled next to the Cassiar Gold Mine mill... 

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Commencement of Bowmore Appraisal Well Drilling Operations in UK North Sea

Stratic Energy Corporation, a Canadian-incorporated international oil and gas business focused on adding value principally through the appraisal, development and production of existing discoveries, supplemented by a low to moderate risk exploration program announces that operator Nippon Oil Exploration and Production U.K. Limited commenced drilling operations on the 15/24a-J Bowmore appraisal well... 

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Mechel Announces Deal to Acquire Coking Coal Assets of Bluestone Coal Corp.

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates, privately-held... 

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Sabretooth Energy Ltd. completes asset sale and acquires 71% of HFG Holdings Inc.

Sabretooth Energy Ltd. announce that, further to its press release of November 25, 2008, it has today completed the sale of certain assets to HFG Holdings Inc. Sabretooth sold 59 net sections of Montney petroleum and natural gas rights, and certain wells and seismic access and interpretations to HFG in exchange for 156,546,590 common shares of HFG at a deemed price of $0.20 per share. The assets sold... 

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Anadarko Announces Successful Appraisal Well Offshore Ghana

Anadarko Petroleum Corporation announced another successful appraisal well in the Jubilee field offshore Ghana. The Hyedua-2 well encountered a gross reservoir interval of more than 390 feet, containing approximately 180 feet of high-quality hydrocarbon-bearing, stacked reservoir sandstones and confirms the northwestern extension of the Jubilee field. The Hyedua-2 well is located in 4,090 feet of water,... 

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Jura Announces Further Results from Kandra 4D Well, Upcoming Drilling at Badin IV North and Mirpur Mathelo, and Closing of Farmout Transaction

Jura Energy Corporation announced that the Kandra 4D exploration well has been suspended. The Weatherford drilling rig has been released and will be mobilized to the Badin IV North block for drilling of the Jamali Deep well, which is expected to commence prior to the end of the year. The Kandra 4D well was drilled to a total depth of 2229 m. The well targeted three potential hydrocarbon-bearing zones,... 

Jura Announces Preliminary Results from Kandra 4D Well

Jura Energy Corporation announced today that the Kandra 4D exploration has been drilled to a total depth of 2229 m. The well targets three potential hydrocarbon-bearing zones, the Sui Main Limestone (600-750 m), the Lower Goru (1700-2000 m), and the Chiltan Limestone (2150-2250 m). Natural gas shows were encountered during initial testing of the Chiltan Limestone zone. The Chiltan zone was acidized,... 

Ruby Pipeline Shipper Receives Favorable California Regulatory Decision

El Paso Corporation announced the California Public Utilities Commission (CPUC) has given final approval to Pacific Gas and Electric Company (PG&E) to proceed with an agreement announced last year to obtain 375,000 dekatherms per day of capacity on the Ruby Pipeline for the delivery of natural gas to PG&E’s gas and electric customers. The unanimous CPUC approval of this important “anchor”... 

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United Reef Update on General Reef Investment

United Reef Limited announce that it has been provided with a report from General Reef Corporation updating GRC’s recent drilling activity and other corporate matters. United Reef owns a 40% equity interest in GRC. GRC has a farmin and option agreement with EnCana Oil & Gas Partnership for certain farmin rights on 40.6 sections (25,000 acres) of freehold petroleum and natural gas rights... 

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