North Atlantic to Commence Trading on TSX Venture Exchange

North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading... 

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Bridge Resources Corp. Completes Acquisition of 50% Interest in Boise Basin Project

Bridge Resources Corp. through its wholly-owned subsidiary Bridge Energy Inc. has completed the acquisition (the “Acquisition”) of the assets of Bridge Energy LLC (the “Vendor”) which comprise a 50% working interest in approximately 100,000 acres located in the Boise Basin of Idaho and Oregon and offers a large number of oil and gas prospects (the “Boise Basin Project”).... 

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Echo Energy Canada Inc. report indicates reductions in oil and gas reserves

Echo Energy Canada Inc. is providing an update on the independent reserves assessment and evaluation of its oil and gas reserves effective December 31, 2008. The reserves report was prepared by GLJ Petroleum Consultants Ltd., an internationally recognized leader in oil and gas asset evaluations, pursuant to recommendations of National Instrument 51-101. The reserve report received on Friday by the... 

Blast Energy Services Jets Horizontally in the Austin Chalk

Blast Energy Services Inc. announced that its lateral jetting rig successfully completed several separate horizontal penetrations in a well operated by Reliance Oil and Gas, in the Austin Chalk play outside of Luling, Texas. At a depth of approximately 2,500 feet and using a 15% acid-based solution, the rig drilled multiple horizontal laterals into the target zones up to ninety feet in length. “We... 

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Saxon Oil Announces Completion of Acquisition of Picogina Holdings B.V.

Saxon Oil Company Ltd report that it has closed the acquisition of Picogina Holdings BV from Energy Ltd. pursuant to the Acquisition Agreement among Energy, Saxon and Saxon Oil Company dated October 21, 2008. The assets of Picogina consist of 100% of the participations of Hidrocarburos del Cantabrico S.L. , a private company incorporated under the laws of Spain, which holds a 100% interest in five... 

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GE, Sasol Sign Service Agreement for New Power Project That Could Help Ease South Africas Energy Crisis

GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis. South Africa, which has Africa’s largest economy, is in the grip of an electricity supply crunch.... 

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Purvin & Gertz Announces New Study on Marine Bunkers and Fuel Oil

Purvin & Gertz announces the 2009 release of a new study focusing on bunker and fuel oil markets: Residual Fuel Market Outlook: Impact of Bunker Quality Changes on Marine Fuels & Refining. This timely and comprehensive study is underway and will be completed by the second quarter of 2009. It will present an analysis of the issues, balances and economics of bunker fuel, stationary fuel oil... 

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Verenex submits Final Appraisal Report and preliminary development plan for A1-47/02 Field in Libya

Verenex Energy Inc. announce that it has submitted a Final Appraisal Report for the A1-47/02 Field to the Area 47 Management Committee which includes representatives of Verenex, Medco International Ventures Limited and the Libyan National Oil Corporation (“NOC”). The Report recommends that the field be declared commercial as a first step in advancing a 50,000 bopd (gross) Phase 1 development... 

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State Gives Uranium Resources, Inc. Permission to Conduct Exploratory Drilling in New Mexico

Uranium Resources, Inc., a uranium exploration, development, mining and production company, today announced that the Mining and Minerals Division of the New Mexico Energy, Minerals and Natural Resources Department granted URI a permit to conduct exploratory drilling in the Ambrosia Lake area, where the company has approximately 2.4 million pounds of mineralized uranium material combined on several... 

U.S. Energy Corp. Updates TSX Listing Strategy

U.S. Energy Corp. , a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that in light of current economic conditions it intends to suspend finalizing its application for a listing on the Toronto Stock Exchange. “In light of the turbulent market conditions in the last quarter, we have chosen to suspend our efforts...