La Cortez Energy Update of the Drilling Operations for the Mirto-1 Well in the Maranta Block in the Putumayo Basin in Colombia
La Cortez Energy, Inc. announce the following operational update: Emerald Energy Plc. , the operator of the Maranta Block where La Cortez will hold a 20% working interest, reached the intended total depth of 11,578 ft on the Mirto-1 exploration well, with oil and gas shows recorded across the four target reservoirs. Three of the four potentially hydrocarbon bearing intervals have been flow tested with...
La Cortez Energy Announces the Start of Drilling Operations for the Mirto-1 Well
La Cortez Energy, Inc. an early stage oil and gas exploration and production company currently pursuing a business strategy in the energy sector in South America announce that Emerald Energy Plc., the operator of the Maranta Block where La Cortez will hold a 20% working interest, has begun drilling operations for the Mirto 1 exploratory well. The Mirto 1 well will be drilled to an estimated target...
Gran Tierra Energy Announces US$198 Million 2009 Capital Program
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced a capital spending program of US$198 million for exploration and production development operations in Colombia, Peru, and Argentina for 2009. This budget includes the drilling of seven exploration wells and six development wells in Colombia, in addition to seismic acquisition programs in Colombia,...
Gran Tierra Energy Announces Costayaco-6 Encounters Deeper Oil Column in Costayaco Field, Colombia
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, today announced that it had completed drilling Costayaco-6, a new well in the Costayaco Field in the Chaza Block, in the Putumayo Basin of southern Colombia, encountering oil deeper in the primary reservoir zone than previous wells in the field. Gran Tierra Energy has also completed drilling Zafiro-1, an...
Gran Tierra Energy Announces Costayaco-6 Encounters Deeper Oil Column in Costayaco Field, Colombia
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced that it had completed drilling Costayaco-6, a new well in the Costayaco Field in the Chaza Block, in the Putumayo Basin of southern Colombia, encountering oil deeper in the primary reservoir zone than previous wells in the field. Gran Tierra Energy has also completed drilling Zafiro-1, an exploratory...
Gran Tierra Energy Announces Temporary Suspension of Production Operations in Its Costayaco and Juanambu Oil Fields, Colombia
Gran Tierra Energy Inc. a company focused on oil exploration and production in South America, announced that it has temporarily suspended production operations in the Costayaco and Juanambu oil fields in the Putumayo Basin of southern Colombia. Production from other assets in the Putumayo Basin, the Llanos Basin and the lower Magdalena Basin continues unimpeded. This temporary suspension of production...
Franklin CEO Discusses Capital Financing Options for Mining and Energy Projects
Franklin Mining, Inc. Chairman and CEO William Petty released a special edition of his October 2008 Memo to Shareholders on Sunday, October 19, 2008. Discussing capital financing options available for Franklin’s mine operation in Bolivia and pending GTL agreement in Argentina, Mr. Petty has advised shareholders that he has multiple options for each project. With its previously announced $1.6...
Franklin, Epsur Sign Letter of Intent to Develop Oil Projects in Argentina’s Santa Cruz Province
Franklin Mining, Inc. Chairman and President William A. Petty is pleased to announce that during his latest visit to Buenos Aires, a Letter of Intent was signed with Epsur for the possible future development of oil fields in the northern part of the Province of Santa Cruz, Argentina. Mr. Fernando Infante, Executive Vice President, Franklin Mining, Inc., and Mr. Howard Dunn, Vice President for International...
Franklin Endorses Letter of Intent to Construct 20,000 Barrel per Day GTL Plant in Tierra del Fuego, Argentina
Franklin Mining, Inc. Chairman and President William A. Petty is pleased to announce the signing of a Letter of Intent to construct a gas to liquid processing plant capable of producing 20,000 barrels per day of diesel fuel, kerosene and other petroleum products. Miguel Angel Ferro, President and Director of FOMICRUZ, SE, and Daniel Roman Banks, representing the Province of Tierra del Fuego, met in...
Franklin, Synfuels Sign Letter of Agreement for Tierra del Fuego Phase I GTL Plant
Franklin Mining, Inc. Chairman and President, William A. Petty, is pleased to announce that a letter of agreement has been signed with Synfuels International, Inc., Dallas, TX. Mr. Petty and Mr. Ben R. Weber, Jr, CEO and Chairman of Synfuels, yesterday reached an agreement addressing the environment and steps to be taken prior to finalizing the design of a Phase I gas-to-liquids plant to be constructed...
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