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...
Dianor Resources Inc. announce that it has completed a previously-announced purchase of surface rights to the Leadbetter Extension Property from persons associated with Mr. Joseph Leadbetter and that the surface rights have been registered in Dianor’s name. As previously announced, under the definitive agreement for the sale of the surface rights and a related agreement for the immediate suspension...
Dianor Resources Inc. announce that it has signed definitive agreements for a previously-announced purchase of surface rights to the Leadbetter Extension Property from persons associated with Mr. Joseph Leadbetter and for the immediate suspension and eventual termination of an Excavation Contract between Dianor and Mr. Leadbetter (press release August 19th, 2008). The definitive agreements for the...
DIAGNOS inc., a leader in the use of artificial intelligence (“AI”) and advanced knowledge extraction techniques, announced today the signing of an agreement with Diamond Frank Inc, a Canadian mining exploration company, optioning 100% interest in its K6 project situated in the Otish Mountains. Diamond Frank will pay exploration fees to DIAGNOS, a cash amount of $105,000 CDN for services...
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...
Fording Canadian Coal Trust announced that it has mailed its notice of special meeting and management information circular to the holders of its units, exchange options and phantom units (who, collectively, are all of the securityholders of Fording) in connection with the previously announced proposed sale of its assets to Teck Cominco Limited. The special meeting of the securityholders will be held...
Solana Resources Limited, is pleased to announce that during a 4.5 hour clean-up period, the Los Aceites-1 exploration well flowed at an average rate in excess of 5,000 barrels of 40 degrees API oil per day (bopd), gross, from ten feet of perforations. Los Aceites-1 reached a total measured depth of 7,108 feet on August 11, 2008, and a completion and cased hole short test program commenced on August...
Solana Resources Limited, announce that it has successfully drilled, logged, cased and is preparing to test the Los Aceites-1 well located on the Guachiria block in Colombia’s Llanos Basin. Drilling commenced on Los Aceites-1 on August 2, 2008, and reached a total vertical depth of 7,108 feet on August 11, 2008. Initial log interpretations, MDT tests and sidewall cores indicate oil pay in the...
Dianor Resources Inc. announce that it has signed an agreement in principle with Mr. Joseph Leadbetter and persons associated with him pursuant to which they have agreed to sell the surface rights to the Leadbetter Extension Property to Dianor. The Leadbetter Extension Property is the subject of a property option agreement entered into by Dianor in March 2005 (press release March 2nd, 2005), as amended....
King & Spalding, a leading international law firm, advised Enterprise Products Partners L.P., TEPPCO Partners, L.P., and Oiltanking Holding Americas, Inc., on their joint venture to build a new off-shore crude oil terminal in the Gulf of Mexico. The new partnership, known as the Texas Offshore Port System (“TOPS”), will provide refiners with greater flexibility and enhanced reliability...