Terra Announces Acquisition of Alberta Oil Assets
Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent...
American Petro-Hunter to Purchase Texas Gas Production and Reports on Operations
American Petro-Hunter, Inc. announce that the Company has entered into an agreement whereby the Company intends to purchase production from two existing gas wells from Texas-based Oxalis Energy Group. Under the terms of the Letter of Intent (L.O.I.), the Company is currently undertaking a period of due diligence on the project with a thorough review of project data and well production history of this...
Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Announces Closing of Property Acquisition
Kodiak Energy, Inc. announces that its majority controlled subsidiary, Cougar Energy, Inc. (Cougar), has closed the property acquisition previously announced on August 11, 2009 consisting of wells, facilities and production from a private company with operations in and adjacent to the CREEnergy project. Additional information on the property acquisition is on our website at http://www.kodiakpetroleum.com/s/AdditionalProjects.asp. The...
Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well
Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross...
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...
Ryland Oil Announces Completion of Third Bakken Well Drilled by Joint Venture Partner Triaxon Resources
Ryland Oil Corporation announce that its joint venture partner, TriAxon Resources Ltd., has drilled, completed and tested its third farm-in well on Ryland Bakken lands in the Flat Lake area of southeast Saskatchewan. The most recent horizontal well, located at 1-22-1-14W2, was multi-stage fracture stimulated. During clean-up of load fluid after the frac, the well flow tested light oil rates in excess...
U.S. Energy Corp. Announces Initial Production Results From Their Stoddard #1 Well in Texas
U.S. Energy Corp. a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate assets, today announced that its partner, Houston Energy, L.P. (“HE”) has advised the company that an initial production test from the Stoddard #1 well (first well drilled with HE) in Southeast Texas resulted in approximately 3.9 MMCF and 240 barrels of oil...
CAVU Resources, Inc. Announces Letter of Intent for a Two Million Dollar Acquisition
CAVU Resources, Inc. announced that the Company has entered into an Letter of Intent to acquire all of the outstanding shares of Filo Quip Resources, LLC., in a cash and stock transaction valued at two million dollars. In the acquisition, CAVU will purchase a 140 acre lease in Garvin County, Oklahoma that has two producing wells and three wells that can be completed in down-hole reservoirs. The two...
Force Energy Corp. Acquires 50% Working Interest in the Diamond Springs Prospect
Force Energy Corp. an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming announce that the Company has acquired a full 50% working interest in the Diamond Springs Prospect. The Diamond Springs Prospect is a 3,300-acre shallow oil prospect located within the Wind River Basin in Fremont County, Wyoming. Independent 3rd party geologic work has concluded that...
U.S. Energy Corp. to Drill Third Prospect With Houston Energy L.P.
U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into a third Participation Agreement with Houston, Texas-based Houston Energy L.P. to acquire a 25% working interest in an oil prospect located in southeast Louisiana. Houston Energy has estimated that the prospect...
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