ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta

ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program. “Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce that... 

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Ryland Oil Announces Completion of Third Bakken Well Drilled by Joint Venture Partner Triaxon Resources

Ryland Oil Corporation announce that its joint venture partner, TriAxon Resources Ltd., has drilled, completed and tested its third farm-in well on Ryland Bakken lands in the Flat Lake area of southeast Saskatchewan. The most recent horizontal well, located at 1-22-1-14W2, was multi-stage fracture stimulated. During clean-up of load fluid after the frac, the well flow tested light oil rates in excess... 

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Goodrich Petroleum Announces Haynesville Shale Well Results

Goodrich Petroleum Corporation, an independent oil and gas exploration and production company today announced results on three Haynesville Shale wells. The Company has completed its initial horizontal Haynesville Shale well in East Texas, the J.K. Williams 7H, which tested at a rate of 7.0 MMcf per day on a 34/64 inch choke with 2,800 psi. The well is located in the Company’s Beckville/Minden... 

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Pemberton to acquire majority ownership in Panny Well

Pemberton Energy Ltd. announce that it has signed a letter of intent and is finalizing contracts to acquire an additional 50% ownership in the Panny 8-25-095-W5M well in exchange for $50,000.00 and 8,000,000 of PBT common shares. Pemberton currently holds 25% ownership and has held operatorship of this well for 7 years. This acquisition is subject to regulatory approval. Management has reviewed the... 

Miller Energy Resources Acquiring 30,000 Acres, 180 Wells

Miller Energy Resources, LLC announced that it has signed a letter of intent to acquire privately-owned Ky-Tenn Oil, Inc. which owns and operates some 180 oil and gas wells on 30,000 acres of Tennessee oil and gas leases. “This is the first of several acquisitions we are considering,” said Scott Boruff, Miller CEO. “The Ky-Tenn Oil, Inc. (KTO) oil and gas operations are located in... 

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National Fuel Update Drilling Operations on New Pennsylvania State Leases

Seneca Resources, a wholly owned subsidiary of National Fuel Gas Company announced that it has completed drilling and coring a vertical Marcellus Shale well on Pennsylvania’s Department of Conservation and Natural Resources (“DCNR”) Tract 595 in Tioga County, Pennsylvania. Seneca acquired tract 595 at the DCNR lease sale in September 2008. At that same sale, Seneca also acquired Tract 100 in... 

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RAK Petroleum Announces Eagle Energy Acquisition

RAK Petroleum PCL announced that it has purchased Eagle Energy Limited, a wholly-owned subsidiary of UK-based Heritage Oil Limited, for cash consideration of $28 million. Eagle Energy holds a 10 percent interest in Block 8, Sultanate of Oman. The acquisition brings RAK Petroleum’s total shareholding in the block, which the company operates, to 50 percent. RAK Petroleum announced in February 2009... 

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Evolution Petroleum Reports Drilling Results in the Giddings Field

Evolution Petroleum Corporation reported recent drilling results for two wells in the Giddings Field in central Texas. In mid-January, the Company completed the Hilton-Yegua #1RE as a re-entry into an existing well in the Burleson County area of the Giddings Field. The re-entry included drilling a new vertical section from 3,000′ depth to a total vertical depth of 10,500′ and then drilling... 

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Cubic Energy, Inc. Participates in Additional Chesapeake Horizontal Haynesville Shale Well

Cubic Energy Inc. said it has accepted a proposal to participate in the horizontal drilling of Chesapeake’s Clingman Acres 11H well. This well is located in the Johnson Branch Field of Caddo Parish, Louisiana, and will be horizontally drilled to a measured depth of 17,000 feet, followed by a Haynesville Shale completion. The Clingman Acres 11H is located in Section 11, Township 15 North –... 

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Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax Petroleum has a 31.36 per cent non-operated interest in the Etame Marin license area. Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: “We are very pleased with the successful results from the recently... 

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