Terrawest Energy Corp. Announces Natural Gas Discovery
Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production...
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...
Energy Fuels Announces Capital Preservation Strategy While Advancing Development of Its Asset Base
In consideration of the ongoing uncertainty in the uranium and securities markets, Energy Fuels has taken a number of steps to reduce its rate of spending. Energy Fuels’ capital preservation strategy is being implemented to ensure that the Company will be in place with strong, developed assets, ready to catch any significant upswing in the uranium market. Effective November 21, 2008, the recently...
Aspen Announces Interest in 6 Gas Wells in Oklahoma
Aspen Group Resources Corporation announced that it holds a working interest in 6 gas wells in Oklahoma that have been drilled by Conoco-Phillips. It was recently discovered that Aspen had retained a small interest in the leases from a previous sale, and upon further investigation Aspen received confirmation of its interest. These 6 gas wells were drilled in 2007 and 2008, and Aspen has been advised...
Baker Responds to Chapter 11 Bankruptcy Filing of Storm Cat Energy
Michael Baker Corporation provided the following response to the Chapter 11 bankruptcy filing of one of its Energy segment’s managed services clients, Storm Cat Energy (USA). “As indicated in Michael Baker Corporation’s Form 10-Q for the quarter ended September 30, 2008, which was filed with the Securities and Exchange Commission on the morning of November 10, 2008, one of the Company’s...
InterOil Announces $57.5 Million Working Capital Loan Facility With Banks in Papua New Guinea
InterOil Corporation, announced that it has secured a 150 million Kina (US$57.5 million) revolving working capital facility for its wholesale and retail petroleum products distribution business in Papua New Guinea from two of that country’s leading financial institutions, Bank of South Pacific Limited and Westpac Bank PNG Limited. “We are pleased to have established this facility which...
Russell Industries Answers the Question, Why Should You Invest in Uranium
Russell Industries, Inc., recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007. “Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood Securities, “with nuclear energy becoming an acceptable...
Shell Notifies Employees of Internal Data Misuse by Contractor
Shell has taken steps to notify current and former US employees of a misuse of some employee data. Shell discovered that four of its employees’ social security numbers were used to file false unemployment compensation claims with the Texas Workforce Commission (TWC). Shell’s investigation has led it to believe that an employee of a third-party agency conducting work for Shell misused the...
Arctic Oil & Gas Corp.: Government Officials Should Vote for Energy Prosperity, Not Energy Poverty
Arctic Oil & Gas Corp. (351 million shares issued), a petroleum exploration company, is pleased to announce that the Company and partners have proposed $2.50 gasoline, 30% discounted natural gas and hundreds of millions of dollars in royalties to Santa Barbara County from a proposed, (40% AOAG equity) Santa Barbara OCS-State petroleum lease development project, on known oil accumulations containing...
First Calgary Petroleums Ltd. announces sale to Eni S.p.A.
First Calgary Petroleums Ltd. announces that Eni S.p.A. (Eni) has agreed to acquire all the common shares and convertible bonds of FCP. Under the terms of the definitive agreement, shareholders will receive C$3.60 per share in cash and bondholders will receive 108% of par (plus accrued interest). The transaction values FCP’s fully diluted share capital at approximately C$923 million which represents...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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