American Petro-Hunter to Purchase Texas Gas Production and Reports on Operations

American Petro-Hunter, Inc. announce that the Company has entered into an agreement whereby the Company intends to purchase production from two existing gas wells from Texas-based Oxalis Energy Group. Under the terms of the Letter of Intent (L.O.I.), the Company is currently undertaking a period of due diligence on the project with a thorough review of project data and well production history of this... 

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New gold acquisition in Pinos district, Zacatecas, Mexico

Xtierra Inc. announce that it has entered into an option agreement with private Mexican interests whereby it may acquire a 100% interest in the El Dorado gold project within 2,890 hectares of mining claims located in the Pinos district of southeastern Zacatecas State, Mexico. The property is located within the Central Mexican Mineral Belt and has an existing small-scale underground gold mining operation... 

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CAVU Resources, Inc. Announces Letter of Intent for a Two Million Dollar Acquisition

CAVU Resources, Inc. announced that the Company has entered into an Letter of Intent to acquire all of the outstanding shares of Filo Quip Resources, LLC., in a cash and stock transaction valued at two million dollars. In the acquisition, CAVU will purchase a 140 acre lease in Garvin County, Oklahoma that has two producing wells and three wells that can be completed in down-hole reservoirs. The two... 

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K.P. Kauffman Company, Inc. Wins Lawsuit Defending Sale of Natural Gas

K.P. Kauffman Company, Inc., (KPK) prevailed in a class-action royalty underpayment case tried in Denver District Court. The jury returned its verdict in KPK’s favor on Monday, June 8, 2009, in the case of Helen Mleynek v. K.P. Kauffman Company, Inc. The win for KPK is a victory for natural gas producers in the state of Colorado. KPK successfully argued that it fulfilled its duty to market natural... 

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La Cortez Energy Announces the Start of Drilling Operations for the Mirto-1 Well

La Cortez Energy, Inc. an early stage oil and gas exploration and production company currently pursuing a business strategy in the energy sector in South America announce that Emerald Energy Plc., the operator of the Maranta Block where La Cortez will hold a 20% working interest, has begun drilling operations for the Mirto 1 exploratory well. The Mirto 1 well will be drilled to an estimated target... 

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Volga Resources Raises Stake in Novatek to 18.2%

Volga Resources SICAV-SIF S.A, the Luxembourg-based investment fund, announces that it has agreed to purchase 13.13% of the issued share capital of OAO Novatek from Cartagena Development Inc. which is indirectly controlled by Novatek’s management. This transaction will take Volga’s total holding in Novatek to 18.2%. The founder and largest shareholder of Volga, Guennadi Timtchenko was... 

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Meridian Reports Status Update On Weeks Bay No. 15 Well

The Meridian Resource Corporation announced that the Weeks Bay No. 15 well was recently placed on production. This well, located in Iberia Parish in the Weeks Island field, was sidetracked and drilled to approximately 8,900 feet measured depth and logged approximately 43 feet of overall prospective oil pay in the Miocene sand section. The well was put online last week and has produced at an average... 

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Imperial Oil approves Kearl oil sands project

Imperial Oil Limited announced its board of directors has approved the first phase of the Kearl oil sands project, a surface mining operation northeast of Fort McMurray, Alberta. The Kearl project is envisioned to be developed in three phases and could ultimately produce more than 300,000 barrels a day of bitumen. The first phase of the project, expected to begin production in late 2012 with total... 

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C.A.T. oil AG Receives Additional Sidetrack Drilling Order By LUKOIL

C.A.T. oil AG, one of the leading providers of oil and gasfield services in Russia and Kazakhstan, through its operating subsidiary CATOBNEFT, received an additional sidetrack drilling order for Fiscal Year 2009 by LUKOIL. The new service assignment is worth about EUR 10 million (assuming a Rouble-to-Euro exchange rate of 48), thereby increasing C.A.T. oil’s 2009 order book volume to approx. EUR... 

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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%)....