Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Announces Closing of Property Acquisition

Kodiak Energy, Inc. announces that its majority controlled subsidiary, Cougar Energy, Inc. (Cougar), has closed the property acquisition previously announced on August 11, 2009 consisting of wells, facilities and production from a private company with operations in and adjacent to the CREEnergy project. Additional information on the property acquisition is on our website at http://www.kodiakpetroleum.com/s/AdditionalProjects.asp. The... 

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U.S. Energy Enters Into Additional Oil and Gas Participation Agreement With Houston Energy L.P.

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into an additional Participation Agreement with Houston, Texas-based Houston Energy L.P. (HE) to acquire a 11.11% working interest in an oil and gas prospect located in Southeast Texas. HE, a privately held independent... 

U.S. Energy Corp. Announces the Spudding of Its First Well With Houston Energy L.P.

U.S. Energy Corp. announced the spudding of its first well under a previously announced Participation Agreement with Houston, Texas based Houston Energy L.P. whereby USE acquired a 10% working interest in an oil and gas prospect located in Southeast Texas. HE is the operator of the project. The well is located in Matagorda County, TX and it is the first of up to three prospects that may be drilled... 

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ViaLogy Technology Delivers Large Oil Find

ViaLogy announces that its QuantumRD(TM) oil exploration technology and service has been credited with locating a major new oil deposit on the Galba Prospect in South Central Texas. The success marks the operational and commercial validation of the company’s software-based seismic interpretation service for oil and gas reservoir discovery and characterization. The technology accurately predicted... 

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Western Troy Acquires Gold Claims in Quebec, Delays MacLeod Lake Feasibility Study

Western Troy Capital Resources Inc. announced it has staked 92 claims in the Ashuanipi Lake district approximately 50 kilometers northwest of Schefferville, Quebec. The claims cover the south limb of a folded iron formation with numerous gold values ranging up to 24 g/t over a strike length of 5.5 kilometers. Anomalous values were also detected in silver (30g/t), copper (1.28%), and tungsten (0.17%).... 

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Mariner Energy Announces Three Discoveries in the Gulf of Mexico

Mariner Energy Inc. announced drilling success at three exploration wells in the Gulf of Mexico: Heidelberg #1 on Green Canyon Block 859, Bushwood #1 (formerly Geauxpher #3) on Garden Banks Block 463, and Smoothie #2 on South Timbalier Block 49. Heidelberg and Bushwood are deepwater wells located in water depths of approximately 5,000 feet and 2,700 feet, respectively. Smoothie, a deep shelf prospect... 

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Marathon Announces Natural Gas Discovery in New Area of Oklahoma

As part of the Company’s targeted expansion into key resource plays of North America, Marathon Oil Corporation announced that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadarko Basin, targeting the Woodford Shale resource play in Canadian County, Oklahoma. The Cana No. 1-15H discovery well was drilled to a true... 

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Blast Energy Services Jets Horizontally in the Austin Chalk

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... 

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BPZ Energy Announces Increases in Oil Reserves at the Corvina Field

BPZ Resources, Inc. announced that independent estimates by Netherland Sewell and Associates, Inc. (NSAI) as of December 31, 2008, for gross Proved (1P), Proved + Probable (2P) and Proved + Probable + Possible (3P) oil reserves from the Company’s Block Z-1 Corvina offshore field located in northwest Peru have increased 41%, 78% and 35%, respectively, as compared with the oil reserves reported by... 

Canamens Signs Offshore Exploration Agreements in Morocco

Canamens announce the signing of a suite of agreements – including an Association Contract, a Petroleum Agreement and a Reconnaissance Contract, along with associated permits and a licence – to explore for oil in Morocco. These agreements were signed in Rabat on 15th December 2008 between Canamens and Morocco’s Office National Hydrocarbures et des Mines (ONHYM). The first agreement...