Terra Announces Acquisition of Alberta Oil Assets
Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent...
Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation
Parallel Petroleum Corporation (“Parallel”), PLLL Acquisition Co. and PLLL Holdings, LLC, entities formed for the purpose of acquiring Parallel Petroleum Corporation (NASDAQ: PLLL – News) and wholly owned subsidiaries of an affiliate of Apollo Global Management, LLC, today announced that the subsequent offering period of the tender offer for all of the outstanding shares of common stock of...
Petro America Backs Shares With Gold Mine Interest
Petro America Corp (PTRZ) announced that it will adopt a gold standard from its Gold Mine acquisition interest to create greater share value for its shares. With the consistently high prices of Gold, this is an excellent way to hedge and maintain share value. The company is preparing to file the necessary financial information with the SEC, and is excited about its gold mine acquisition interest and...
Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Announces Closing of Property Acquisition
Kodiak Energy, Inc. announces that its majority controlled subsidiary, Cougar Energy, Inc. (Cougar), has closed the property acquisition previously announced on August 11, 2009 consisting of wells, facilities and production from a private company with operations in and adjacent to the CREEnergy project. Additional information on the property acquisition is on our website at http://www.kodiakpetroleum.com/s/AdditionalProjects.asp. The...
Global Industries Awarded US$ 70 Million Project in Brazil
Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,...
Addax Petroleum Announces Receipt of Letter From Kurdistan Regional Government of Iraq
Addax Petroleum Corporation, announced that it has received a letter (the “KRG Letter”) from the Minister of Natural Resources of the Kurdistan Regional Government (the “KRG”) and has confirmation from Sinopec International Petroleum Exploration and Production Corporation (“SIPC”) that receipt of this letter satisfies the condition to the offer for Addax Petroleum...
TAMM Oil and Gas Corp. Acquires Additional 5,000 Acres
TAMM Oil and Gas Corp. announced that it has acquired an additional 5,120 Acres of oil sands leases in the Peace River region of Alberta from Petrocorp Inc (“PTCP”). These new leases increase TAMM’s land holdings in the Manning area to over 35,000 acres. In exchange for the leases, TAMM has issued 1,000,000 shares in full consideration to PTCP. Don Hryhor, Director and Exploration...
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)....
Pemberton to acquire majority ownership in Panny Well
Pemberton Energy Ltd. announce that it has signed a letter of intent and is finalizing contracts to acquire an additional 50% ownership in the Panny 8-25-095-W5M well in exchange for $50,000.00 and 8,000,000 of PBT common shares. Pemberton currently holds 25% ownership and has held operatorship of this well for 7 years. This acquisition is subject to regulatory approval. Management has reviewed the...
Tethys Petroleum Completed Acquisition of Uzbekistan Oilfield Project
Tethys Petroleum Limited announced that on April 9, 2009 it completed the acquisition from the British company Rosehill Energy Ltd, of its wholly-owned subsidiary which holds Rosehill’s entire interest in the Production Enhancement Contract for the North Urtabulak Oil Field in Uzbekistan. The consideration for the purchase of this project was 15 million ordinary shares in Tethys restricted from...
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American Mining Corporation announce that it has signed a binding letter of intent to enter...
Nuinsco Acquires Gold Project in Lake of the Woods Region
Nuinsco Resources Limited announced it has optioned a claim package, collectively referred...
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