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...
Petrolia Progresses and Drills the Tar Point No. 1 Well
Petrolia announce that on Friday October 23 it spudded of the Petrolia Tar Point No 1 well. This well is the second in a series of six that the Company expects to complete in the Gaspe region over the next twelve months, in order to reach its objective of becoming Quebec’s first petroleum producer. Only a portion of the costs for the six wells should be paid directly by the Company. Petrolia...
Report Shows Long Term Benefits of Gold Mining to Developing Economies
Large-scale gold production has been found to be a major factor in bolstering the economies of developing countries, according to a key report issued today by the World Gold Council (WGC) in partnership with the International Council on Mining & Metals (ICMM) and Oxford Policy Management. The new report, ‘The Golden Building Block: gold mining and the transformation of developing economies’,...
K.P. Kauffman Company, Inc. Wins Lawsuit Defending Sale of Natural Gas
K.P. Kauffman Company, Inc., (KPK) prevailed in a class-action royalty underpayment case tried in Denver District Court. The jury returned its verdict in KPK’s favor on Monday, June 8, 2009, in the case of Helen Mleynek v. K.P. Kauffman Company, Inc. The win for KPK is a victory for natural gas producers in the state of Colorado. KPK successfully argued that it fulfilled its duty to market natural...
La Cortez Energy Announces the Start of Drilling Operations for the Mirto-1 Well
La Cortez Energy, Inc. an early stage oil and gas exploration and production company currently pursuing a business strategy in the energy sector in South America announce that Emerald Energy Plc., the operator of the Maranta Block where La Cortez will hold a 20% working interest, has begun drilling operations for the Mirto 1 exploratory well. The Mirto 1 well will be drilled to an estimated target...
Volga Resources Raises Stake in Novatek to 18.2%
Volga Resources SICAV-SIF S.A, the Luxembourg-based investment fund, announces that it has agreed to purchase 13.13% of the issued share capital of OAO Novatek from Cartagena Development Inc. which is indirectly controlled by Novatek’s management. This transaction will take Volga’s total holding in Novatek to 18.2%. The founder and largest shareholder of Volga, Guennadi Timtchenko was...
Meridian Reports Status Update On Weeks Bay No. 15 Well
The Meridian Resource Corporation announced that the Weeks Bay No. 15 well was recently placed on production. This well, located in Iberia Parish in the Weeks Island field, was sidetracked and drilled to approximately 8,900 feet measured depth and logged approximately 43 feet of overall prospective oil pay in the Miocene sand section. The well was put online last week and has produced at an average...
Imperial Oil approves Kearl oil sands project
Imperial Oil Limited announced its board of directors has approved the first phase of the Kearl oil sands project, a surface mining operation northeast of Fort McMurray, Alberta. The Kearl project is envisioned to be developed in three phases and could ultimately produce more than 300,000 barrels a day of bitumen. The first phase of the project, expected to begin production in late 2012 with total...
C.A.T. oil AG Receives Additional Sidetrack Drilling Order By LUKOIL
C.A.T. oil AG, one of the leading providers of oil and gasfield services in Russia and Kazakhstan, through its operating subsidiary CATOBNEFT, received an additional sidetrack drilling order for Fiscal Year 2009 by LUKOIL. The new service assignment is worth about EUR 10 million (assuming a Rouble-to-Euro exchange rate of 48), thereby increasing C.A.T. oil’s 2009 order book volume to approx. EUR...
Trans Energy Completes First Horizontal Well in Marcellus Shale
Trans Energy, Inc. announced that it has completed its Hart #28H well in Wetzel County, West Virginia. The Hart #28H was drilled and completed horizontally in the Marcellus shale, a prolific new “resource play” in Appalachia, similar to the Barnett, Fayetteville and Haynesville shales in Texas, Arkansas and Louisiana. The well is purging water used in the frac process and was turned in...
Latest Mining News
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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