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... 

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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Allied Energy Forms Operating Company in Texas

Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc. “Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President. Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company... 

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Daybreak Announces Operational Update at Its East Slopes Project, Kern County California

Daybreak Oil and Gas, Inc., a Washington Corporation, is pleased to announce the following operational updates for its East Slopes Project in the San Joaquin Valley in California. The Company’s production facilities at its East Slopes Project in Kern County, California has been substantially completed. Some electrical work is remaining, but the facilities are operational. The oil from the Company’s... 

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Rooster Petroleum, LLC Commences Drilling at Eugene Island Block 28

Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The current infrastructure currently located on Block 28 should allow for all production to be available for... 

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Yale Acquires Central Claims at Orofino, Sonora, Mexico

Yale Resources Ltd. announce that the Company has signed an agreement with two groups to acquire a 100% interest in seven concessions that form the core of the Orofino Project. The Orofino Project is located approximately 135 km southeast of the capital city of Hermosillo, Sonora State. The seven concessions cover a total of 439.1 hectares and contain six historic open pit mines. Although production... 

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ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta

ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program. “Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce that... 

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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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La Cortez Energy Update of the Drilling Operations for the Mirto-1 Well in the Maranta Block in the Putumayo Basin in Colombia

La Cortez Energy, Inc. announce the following operational update: Emerald Energy Plc. , the operator of the Maranta Block where La Cortez will hold a 20% working interest, reached the intended total depth of 11,578 ft on the Mirto-1 exploration well, with oil and gas shows recorded across the four target reservoirs. Three of the four potentially hydrocarbon bearing intervals have been flow tested with... 

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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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