Tethys Petroleum Limited: AKK16 Exploration Well Tests Gas

Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment. Exploration well AKK16 was drilled... 

Apache’s WKAL-C-1X Discovery Tests 4,746 Barrels of Oil Per Day on the West Kalabsha Concession in Egypt’s Western Desert

Apache Corporation reported that the WKAL-C-1X discovery on the West Kalabsha concession established the westernmost production in Egypt’s Western Desert. The well flowed 4,746 barrels of oil and 4.4 million cubic feet of gas per day in a test of the Jurassic Safa formation. The WKAL-C-1X is located in the Faghur Basin, eight miles northwest of Apache’s 2006 Faghur-1 ST1 discovery and... 

Serica Energy provides supplemental information regarding its prospects in Ireland

Serica Energy plc provides further information regarding Serica’s Petroleum Exploration Licence PEL 01/06 covering three blocks in the southern Slyne Basin off the west coast of Ireland. This information in respect of the Licence and the Bandon and Boyne prospects is supplemental to that provided in Serica’s news release of 2 September 2008 and is provided in conformance with Canadian listing... 

Canadian Superior Kicks Off Its “Oasis” Project by Signing Oil & Gas Exploration and Production Agreements for Large Oil and Gas Concession, Offshore Tunisia and Libya

Canadian Superior Energy Inc. announced today what it calls its “Oasis” Project, referring to the Company’s entry into North Africa. Oasis commenced with the formal signing ceremonies for the offshore “7th of November Block” Exploration and Production Sharing Agreement (“EPSA”) that were conducted Wednesday, August 27, 2008, in Tunis, Tunisia. Canadian Superior... 

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Continental Resources Reports Improved Results From Its Second Well in the Three Forks/Sanish Formation in the North Dakota Bakken

Continental Resources, Inc. announced initial results from its Mathistad 1-35H well completed in the Three Forks/Sanish formation in the North Dakota Bakken Shale area. The McKenzie County well, in which Continental has a 40% working interest, is the second that the Company has completed in the Three Forks/Sanish formation in North Dakota. “The Mathistad 1-35H commenced production on July 4,... 

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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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Continental Resources Reports Completion Results on Its First Well in the Three Forks/Sanish Formation in North Dakota Bakken Area

Continental Resources, Inc. announced initial results from its Bice 1-29H well completed in the Three Forks/Sanish formation in the North Dakota Bakken Shale area. The Dunn County well, in which Continental has a 41% working interest, is the Company’s first well to be completed in the Three Forks/Sanish formation. Previous wells drilled by the Company have been completed in the upper portion... 

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Research says more oil in area

The U.S. Geological Survey has released an assessment of the Bakken Formation, which stretches across 25,000 square miles from northeastern Montana across northwestern North Dakota and up into the southern region of Saskatchewan. The last USGS study, completed in 1995, estimated the Bakken Formation had 150 million barrels of undiscovered technically recoverable oil. Thirteen years later, the new assessment... 

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3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation 25 Times More Than 1995 Estimate

North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation. A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil. Technically recoverable oil resources are those... 

Billions of gallons of oil in North Dakota, Montana

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment. Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska. The recently released assessment shows a 2,800 percent, or 28-times increase... 

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