Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Resources Ltd. announce that it has signed a Heads of Agreement with Melrose Resources plc relating to the Pelican XIII and Midia XV Blocks located in the Black Sea, offshore Romania. In exchange for a cash consideration and a carry on future investment, Melrose will acquire a 32.5% working interest in the Pelican XIII and Midia XV Blocks. Melrose will make a cash contribution of US $24-million... 

Tag: rbc capital melrose, sterling black sea

TransAtlantic Petroleum Corp. Announces Cash Takeover Offer for Incremental Petroleum Limited

TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol “IPM.” Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, U.S.A. The Company believes that... 

Tag: transaltantic mitchell malone, malone mitchell transatlantic

Sterling Resources Ltd. announces commencement of Cladhan Well in the UK North Sea

Sterling Resources Ltd. report that operations on the Cladhan exploration well on Block 210/29a in the United Kingdom Northern North Sea have commenced, with the arrival of the Transocean 704 semi-submersible rig at the site. The well is targeting an Upper Jurassic prospect and is anticipated to take 35 days to drill. Sterling is the operator and currently holds a 39.9 percent working interest. Stewart... 

Tag: cladhan well, sterling resources stewart gibson

TransAtlantic Petroleum Corp. Announces Farm-In to Sud Craiova Exploration License, Onshore Romania

TransAtlantic Petroleum Corp. announce it has reached agreement with Sterling Resources Ltd. to farm-in to Sterling’s Sud Craiova Block E III-7, covering 6,070 square kilometers (1.5 million acres) onshore western Romania. The agreement is subject to completion of formal documentation and approval by the Romanian National Agency for Mineral Resources. In exchange for a 50% working interest, the... 

Sterling Resources Ltd. announces planned drilling activity on the Craiova concession, onshore Romania

Sterling Resources Ltd. announce that it has reached an agreement in principle with TransAtlantic Petroleum Corporation (“TransAtlantic”) to farm out a 50% working interest in the large (1,500,000 acre) South Craiova Block E III-7 located onshore Romania. The agreement is subject to the completion of formal documentation and approval by the Romanian National Agency for Mineral Resources. This... 

Tag: midia resources srl

TransAtlantic Petroleum Corp. Announces Change in Strategy and Capital Infusion

TransAtlantic Petroleum Corp. announced that it is changing its operating strategy from a prospect generator to a vertically integrated project developer. To execute this new strategy, the Company has agreed in principle to acquire Longe Energy Limited (“Longe”), an entity associated with the Company’s Chairman, N. Malone Mitchell 3rd, in conjunction with a private placement that... 

Carpathian Gold Announces Joint Venture of Hungarian Properties

Carpathian Gold Inc. announce that it has entered into an option agreement with Caracal Gold LLC, an indirect wholly-owned subsidiary of Electrum Ltd., a private Global Gold Group with a portfolio of over 80 exploration projects around the world. Electrum is managed by a team of professionals with a proven track record of successfully discovering, financing and developing major precious metals deposits... 

Tag: carpathian electrum, carpathian gold

Mainland Resources, Inc. Appoints Ernest G. Sorochan, P. Eng. as Board Director

Mainland Resources, Inc., a Nevada corporation has appointed Ernest G. Sorochan, P. Eng. as a Director of the Board effective July 17, 2008. Ernest G. Sorochan is a Professional Engineer with a long history of project management, engineering oversight, economic evaluation and operational experience working for international oil and gas companies. Mr. Sorochan has built a professional career focusing... 

Falcon Oil & Gas Ltd. Issues Comment on Trading Activity

Falcon Oil & Gas Ltd. announced today, at the request of Market Regulation Services, that no material change has occurred in the affairs of Falcon. About Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Oil and Gas Exploration,... 

Tag: falconoilandgas

TransAtlantic Petroleum Corp. Announces Drilling of South Gillock Well

TransAtlantic Petroleum Corp. (TSX: TNP.U) is pleased to announce the drilling of the SGU #96 well on the Company’s South Gillock project in Galveston County, Texas. The well was spudded on February 7th. As of today, at 2 PM MST, it has reached a vertical depth of about 7,085 feet (7,180 feet measured depth). The SGU #96 well will be drilled to a total vertical depth of 9,323 feet (9,459 feet...