Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market

Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development... 

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The Start-up of Ledong Promotes CNOOC Limited’s Gas Production Growth

CNOOC Limited announced today that Ledong (LD) 22-1, an independent gas field of the Company, has successfully commenced production. Currently, it is producing approximately 30 thousand cubic feet of natural gas per day via 5 wells. About 47 kilometers eastern of the producing field Yacheng 13-1 and 20 kilometers western of LD 15-1 gas field, LD 22-1 is located in the Yinggehai Basin of the Western... 

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Black Dragon Net Income for the First Two Quarters of 2009 Was Up 14%

Black Dragon Resource Companies, Inc.’s Dr. Gerald Bailey, CEO of Black Dragon, stated that net income for the first six months was $546,443, compared to 2008 of $477,470. This is a 14% increase. Oil and gas income was down 68% compared to 2008. Savings were achieved in administrative expenses which were down 78%, primarily due to non-recurring legal expenses from 2008. The large drop in oil... 

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Precision Petroleum Corporation-Acquires Overriding Royalty Interest in Two Adjoining Fields, Nowata County, Oklahoma

Precision Petroleum Corporation an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America continues to extend its oil production expansion program. Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County,... 

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Vantex Acquires One Exploration Permit for Oil and Natural Gas in the Moose River Basin

The management of Vantex resources Ltd has obtained one exploration permit for oil and natural gas in the Quebec portion of the Moose River Basin, located in the James Bay Lowlands. The permit covers an area of 25,000 hectares. The Salomon Lake oil seep, found within the exploration permit, is characterized by a milky white to greenish film on the surface of numerous ponds south of Salomon Lake (Salomon... 

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Technip Acquires a New Construction Support Vessel

Technip, a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies, announces the acquisition of a new construction support vessel, the North Ocean 103, from Oceanteam ASA. The transaction has been completed through the purchase of the ship-owning entity, North Ocean III... 

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Simberi to Acquire Gold Properties in Guyana

Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni... 

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Tethys Petroleum: Protocol Signed for Northern Tajikistan Areas

Tethys Petroleum Limited announce that following meetings with the Prime Minister of the Republic of Tajikistan it has signed a Protocol of Intent (“POI”) with the Ministry of Energy and Industry concerning the negotiation of a Production Sharing Contract (“PSC”) for exploration and production in certain prospective areas in the north of the country. In the POI it is agreed... 

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Endeavour Closes Sale of Norwegian Subsidiary

Endeavour International Corporation, an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and the United States today announced it has closed the sale of its Norwegian subsidiary, Endeavour Energy Norge AS, to VNG- Verbundnetz Gas AG, for the total consideration of USD $150 million. In conjunction with the closing,... 

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AB Resources Gears Up to Aggressively Exploit the Marcellus Shale

AB Resources LLC has taken steps to enhance the technical expertise required to explore and develop the Company’s extensive acreage position in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources is poised to become a leading operator in Marcellus... 

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