Hyperdynamics Reports Encouraging Initial Results From Oil Seeps Study of Offshore Guinea Concession Area

Hyperdynamics Corporation today announced that it has received encouraging preliminary results from an oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The survey was conducted by TDI-Brooks International of College Station, Texas. “We conducted this study to survey projected sites of oil seepage in three areas of our concession,” said Ray... 

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Hyperdynamics Contracts TDI-Brooks for Oil Seeps Study Offshore the Republic of Guinea

Hyperdynamics Corporation announced that it has contracted TDI-Brooks International of Houston to conduct a comprehensive oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The sample collection is expected to begin in mid-October. “We are conducting this study to survey known sites of oil seepage in three areas of our concession,” said Ray... 

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Osage Terminates Participation in Rosa Blanca Concession

Osage Exploration and Development, Inc. (OTCBB: OEDV), has terminated its participation in the Rosa Blanca block in Colombia. After drilling the RB 1 well without finding producible hydrocarbons in Phase One of its exploration contract at Rosa Blanca and analyzing the corrected seismic data, Osage believes that it is unlikely that the additional structures on the property will be productive. Osage... 

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Ecopetrol and Anadarko Signed an Agreement to Undertake Oil Exploratory Activities in Brazil

Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko’s subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda. Through this agreement, Ecopetrol Oil Gas do Brasil Ltda. will have a 50% participation in the BMC-29 Concession in Brazil. The BMC-29 Concession is an offshore concession located in the... 

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Gold Star Resources Latest Onshore Opportunity in West Africa

Gold Star Resources Corp. having signed a letter of intent (LoI) with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining concession, approximately 1,000 square km, in Cote d’Ivoire, which was announced by the company on March 9. In January GXX entered West Africa when it bought a company with a Liberian license. Patrick Morris, GXX’s President and CEO,... 

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FX Energy Sets 2009 Capital Budget at $23 Million; Drilling Activity to Continue at 2008’s Elevated Level

FX Energy, Inc. announced it has set its 2009 capital budget at approximately $23 million. The Company expects to fund this budget with cash on hand and cash flow from operations for the year with no increase in debt or equity. The bulk of the capital budget will be devoted to the Company’s operations in the Fences Concession area in Poland. The Company expects to continue growing its reserves... 

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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,... 

Veraz Petroleum announces partner on Block 126 and funding of commitments for next phase of exploration

Veraz Petroleum Ltd. announce that it has partnered with Petrominerales Ltd., a 76% owned subsidiary of Petrobank Energy and Resources Ltd., a Colombian based exploration and development company to jointly explore the concession on which Veraz is currently conducting activities in the Ucayali Basin of east central Peru (“Block 126″). Under the transaction, Petrominerales will pay consideration... 

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J.A.G. Mines Ltd.: Lac St-Jean-Promising Results for Oil and Gas Property

J.A.G. Mines Ltd. would like to present a brief summary of its 2007-2008 oil and natural gas exploration reports realized on Lac St-Jean Property by a team led by Marc Richer-LaFleche, Ph.D., geologist and researcher at the National Institute of Scientific Research (NISR). Lac St-Jean Property consists of 5 oil and gas research permits covering 99,945 hectares, located within an Ordovician sedimentary... 

Epsilon Energy Ltd. Updates Its Shares Purchased to Date Under Its Normal Course Issuer Bid

Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (“TSX”) on September 29, 2008, Epsilon may purchase up to a total of 2,000,000... 

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