American Petro-Hunter Updates #1 Lutters Well Production Schedule

American Petro-Hunter, Inc. update the ongoing activities at the #1 Lutters Well oil well at the Poston Prospect located in Trego County Kansas. American Petro-Hunter and the operator of the project, S & W Oil & Gas, LLC of Wichita, have determined that construction for the pad site and tank battery will begin on June 1st. The Operator has installed 5 1/2″ casing and cement in preparation... 

Claude Resources Adds Second Drill Rig at Madsen, Red Lake

Claude Resources Inc., a gold exploration and mining company with an asset base located entirely in Canada announced that it will add a surface exploration rig at the Company’s Madsen property located at Red Lake, Ontario. Phase 1 of the underground 8 Zone program at Madsen, launched from the 10th level in December 2008, is targeting the plunge and strike extensions of the 8 Zone as well as... 

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American Petro-Hunter Views Recent Gains in Oil Prices as Trend Indicator

American Petro-Hunter, Inc. views the recent price increases of crude oil as extremely positive news for both the economy and the Company. Last week, oil prices jumped to almost $58 a barrel thereby extending gains to near six-month highs on investor expectations that the global economic environment is beginning to grow and may begin to rebound before the end of the year. Oil has broken above the... 

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Jura Announces Further Results from Kandra 4D Well, Upcoming Drilling at Badin IV North and Mirpur Mathelo, and Closing of Farmout Transaction

Jura Energy Corporation announced that the Kandra 4D exploration well has been suspended. The Weatherford drilling rig has been released and will be mobilized to the Badin IV North block for drilling of the Jamali Deep well, which is expected to commence prior to the end of the year. The Kandra 4D well was drilled to a total depth of 2229 m. The well targeted three potential hydrocarbon-bearing zones,... 

Brownstone Joint Ventures With Laramie Energy LLC in Piceance Basin

Brownstone Ventures Inc. and its joint venture partner, Dejour Enterprises Ltd. announced they have signed a joint venture agreement with Laramie Energy II LLC, a privately funded Exploration and Production Company with corporate offices in Denver Colorado. The joint venture involves approximately 22,000 gross acres (6,300 net to Brownstone) in an area at the northwest edge of the Piceance Basin. Under... 

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Three Forks/Sanish Well Produces Over 1,750 Barrels A Day

XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21,... 

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Japanese Conglomerate Takes $40-million Stake in Junior Canadian Explorer’s Promising Alaskan Nickel Property

Pure Nickel Inc. announce that it has entered into an exploration and option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate. The agreement provides ITOCHU with the right to earn up to a 75% interest in Pure Nickel’s 720-square-kilometre MAN Alaska property by investing up to $40 million in further exploration and development of the property. The MAN project is... 

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Storm Cat Energy Corporation Announces Default Under Subordinated Convertible Notes, Provides Update of Credit Facility and Engages Parkman Whaling LLC and Alvarez & Marsal

Storm Cat Energy Corporation reported that it failed to make its required quarterly interest payment when due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated Convertible Notes each due March 31, 2012. The failure of Storm Cat to make the required quarterly interest payment prior to the expiration of such 30 day grace... 

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Canadian Superior’s “Endeavour” Well Offshore Trinidad Poised to Reach Total Depth

Canadian Superior Energy Inc. announced that Canadian Superior, along with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc and Challenger Energy Corp. , have successfully run and cemented in place the 9-7/8″ intermediate casing string in the “Endeavour” well, to a depth of approximately 14,492 feet subsea, and that drilling is about to commence... 

Tiger Resources consolidates project interests around Kipoi Resource

Perth-based emerging copper miner Tiger Resources Ltd announce that it has reached agreement with Aurum sprl to restructure the existing joint venture between the two companies. Tiger’s strategy is to focus on the discovery of copper/cobalt deposits within a radius of 25kms (trucking distance) around its lead Kipoi Project, which is located approximately 75 kms north of Lubumbashi. In September... 

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