CanAlaska Uranium Ltd. announce that the Company has commenced exploration on its Cree East uranium project in the Athabasca Basin, Saskatchewan, Canada. The Cree East project is funded under a joint venture with the Company’s Korean strategic partners, comprising Hanwha Corporation, Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. The Company recently received Cdn$4.12...
Mawson Resources Limited announces the company has commenced proceedings to withdraw from its mineral exploration licences in Spain, and at the same time expand its uranium exploration efforts throughout Scandinavia. After a recent Board review of the Company’s uranium assets it was determined Scandinavia holds the greatest potential for further significant discoveries. In Spain, the Company...
Gallic Energy Ltd. along with its wholly owned subsidiaries announce the award of exploration rights for Block L05-8 in the Canning Basin, Western Australia. Gallic has been engaged in the application process for these Canning Basin rights since 2006. The Canning Block comprises an area approximately 294,000 hectares (726,489 acres). Gallic has identified exploration potential that would be the focus...
Kodiak Energy, Inc. provide an update to the Lucy and CREEnergy Projects. We believe that the imminent projects of Lucy and CREEnergy will move forward to create value for our shareholders. To enable Kodiak to achieve value in these uncertain market conditions, we have created a wholly-owned subsidiary company as a vehicle for financing purposes in order to move the Lucy and CREEnergy projects forward....
Endeavour International Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflects a shift in strategy by Endeavour to pursue opportunities with shorter cycle times and lower costs that complement its growing North Sea asset...
Blast Energy Services Inc. announced that its lateral jetting rig successfully completed several separate horizontal penetrations in a well operated by Reliance Oil and Gas, in the Austin Chalk play outside of Luling, Texas. At a depth of approximately 2,500 feet and using a 15% acid-based solution, the rig drilled multiple horizontal laterals into the target zones up to ninety feet in length. “We...
Doral Energy Corp., an oil and gas production and exploitation company, announced that its Board of Directors has amended the 1-for-25 reverse split of Doral’s common stock to a 1-for-6.25 reverse split. Commenting on the change, Doral’s Chief Executive Officer, Everett Willard (“Will”) Gray, II, stated, “After announcing our earlier reverse split, the Board of Directors...
Exxon Mobil Corporation’s technology leadership in liquefied natural gas or LNG has resulted in an industry breakthrough in carrier design and size, enabling the more efficient transport of natural gas to markets throughout the world. The recent completion of the world’s first Q-Max LNG carrier, named ‘Mozah,’ marks a step change in LNG shipping by reducing transportation cost, while improving...
Technip confirms the expansion of its state-of-the-art Angoflex umbilical* manufacturing plant in Lobito, Angola to meet growing demand for longer length and larger diameter products on the West African market. Established in 2002, Angoflex is a joint venture between Technip and the Angolan national oil company Sonangol. On December 15, Bernard Di Tullio, Technip’s Chief Operating Officer, launched...
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced a capital spending program of US$198 million for exploration and production development operations in Colombia, Peru, and Argentina for 2009. This budget includes the drilling of seven exploration wells and six development wells in Colombia, in addition to seismic acquisition programs in Colombia,...