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...
Petro America Backs Shares With Gold Mine Interest
Petro America Corp (PTRZ) announced that it will adopt a gold standard from its Gold Mine acquisition interest to create greater share value for its shares. With the consistently high prices of Gold, this is an excellent way to hedge and maintain share value. The company is preparing to file the necessary financial information with the SEC, and is excited about its gold mine acquisition interest and...
Manas Petroleum Reports Drilling Activity in Huday Nazar Prospect Is On Track
Manas Petroleum an international oil and gas company, focusing on activities in South-Eastern Europe, Central Asia and South America reports on the drilling progress of its second, deeper exploration well at the Huday Nazar SPC-1 (Soh License) Prospect with Santos International Pty. Ltd its Australian-based fellow Shareholders of SPC. Drilling activity has reached currently a depth of 1970m and drilling...
Arabian American Development Announces New Contract With LyondellBasell Industries
Arabian American Development Co. announced that its subsidiary, South Hampton Resources, Inc., has signed a new contract with LyondellBasell Industries (LBI), an existing customer, which is estimated at $11 to $15 million per year over the term of the contract running from August 1, 2009 through April 30, 2012 with continuation year to year thereafter. Estimated annual volume of the contract is approximately...
Precision Petroleum Corporation-Acquires Overriding Royalty Interest in Two Adjoining Fields, Nowata County, Oklahoma
Precision Petroleum Corporation an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America continues to extend its oil production expansion program. Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County,...
American Energy Resources Discovers Mid-Continent Oil in Gove County, Kansas
American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced the discovery of significant oil. The oil well, christened Bonita Springs 4A is located eight miles southeast of Oakley in Gove County, Kansas. This is the second oil well to successfully produce resources for American Energy Resources within the last month. “This...
Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium Mine
Uranium One Inc. announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note)....
American Petro-Hunter Updates #1 Lutters Well Production Schedule
American Petro-Hunter, Inc. update the ongoing activities at the #1 Lutters Well oil well at the Poston Prospect located in Trego County Kansas. American Petro-Hunter and the operator of the project, S & W Oil & Gas, LLC of Wichita, have determined that construction for the pad site and tank battery will begin on June 1st. The Operator has installed 5 1/2″ casing and cement in preparation...
Terrawest Energy Corp. Announces Natural Gas Discovery
Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production...
American Petro-Hunter #1 Lutters Well at Poston Prospect Kansas Reaches Total Depth
American Petro-Hunter, Inc. announce that the #1 Lutters Well oil well on the Poston Prospect, Trego County Kansas has reached total depth (T.D.) at 4,400 feet. The well is currently being logged and analyzed for prospective oil shows and the Company anticipates information to be forthcoming from the field very shortly. The Company has posted photographs of the drilling activities which can be viewed...
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