Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation

Parallel Petroleum Corporation (“Parallel”), PLLL Acquisition Co. and PLLL Holdings, LLC, entities formed for the purpose of acquiring Parallel Petroleum Corporation (NASDAQ: PLLL – News) and wholly owned subsidiaries of an affiliate of Apollo Global Management, LLC, today announced that the subsequent offering period of the tender offer for all of the outstanding shares of common stock of... 

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CGX Energy Completes Corentyne 3D Seismic Program

CGX Energy Inc. announce that shooting of the 536 sq km 3D seismic survey on CGX’s 100% Corentyne Petroleum Prospecting Licence (PPL) has been completed. In the Georgetown PPL, in which CGX holds a 25% interest, the survey has been expanded by 200 sq km to 1,850 sq km. The Georgetown survey has been shot in parallel with the Corentyne and is expected to be completed after the New Year. Kerry... 

EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,... 

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Parallel Petroleum Chief Financial Officer Steven D. Foster Sells 10,863 Shares

The chief financial officer of oil and natural gas producer Parallel Petroleum Corp. sold 10,863 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC Tuesday, Steven D. Foster reported he sold the shares Friday for $17.65.  Read More →

Parallel Petroleum provides production and work-in-progress updates

Parallel Petroleum Corporation has announced its estimated second quarter 2007 production, work-in-progress well operations, a change in its method of recognizing proved undeveloped (PUD) reserves related to its horizontal drilling gas projects and revised proved reserves as of March 31, 2007. Estimated Second Quarter 2007 Production Parallel’s estimated net daily production for the second quarter... 

BPZ Energy to Present at the IPAA Oil and Gas Investment Symposium in London

BPZ Energy, Inc. announced that Manolo Zuniga, President and Chief Executive Officer will be presenting at the Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium in London, England. Mr. Zuniga will be presenting on Wednesday July 11, 2007 at 9:00 AM London time, 3:00 AM CDT. The presentation will be webcast live and available on the Company’s web site at www.bpzenergy.com... 

Parallel Petroleum Announces 1Q 2007 Earnings & Operations Conference Call & Webcast

Parallel Petroleum Corporation will host a conference call to discuss the Company’s financial and operational results for the first quarter ended March 31, 2007, on Thursday, May 10, 2007, at 2:00 p.m. Eastern time (1:00 p.m. Central time). This call will be webcast by Thomson/CCBN and will be accessible at Parallel’s web site at www.plll.com. The webcast will also be distributed through... 

Elixir Petroleum & Gawler Resources to Merge

Elixir Petroleum and Gawler Resources Limited have agreed to merge their businesses to create a balanced, diversified oil and gas exploration and production (‘E&P’) company, listed on the ASX and AIM and capitalized at approximately A$35.0 million (£14.4 million) at today’s share prices. Elixir shareholders will represent 52% of the enlarged company and Gawler shareholders the... 

Zimbabwe: Parliament Enacts New Petroleum Legislation

PARLIAMENT last week enacted the Petroleum Act that provides for the establishment of the Petroleum Regulatory Authority, which would oversee the operations of the industry and eliminate pricing distortions. President Mugabe has since assented to the Act although it is yet to come into force. However, it is hoped the new statute would bring sanity into the petroleum sector and avert further disharmony... 

Polaris Geothermal Signs Well Drilling Contracts

Polaris Geothermal Inc., a renewable energy geothermal power producer, is pleased to announce that its subsidiary, Polaris Energy Nicaragua (“PENSA”), has entered into well drilling contracts for the drilling of production and re-injection wells to triple its generation capacity at the San Jacinto geothermal field in Nicaragua. The first of the contracts was entered into with the drilling... 

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