A House panel is considering legislation that would require public oil, gas and mining companies to disclose payments to foreign governments.
The bill is authored by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. He maintains it would benefit shareholders by letting them better assess risks and compare payments among countries and companies.
U.S. [...]

Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the Board [...]

Best Energy Services, Inc. (OTC Bulletin Board: BEYS), a U.S. energy production equipment and services provider, today announced its financial results for the first fiscal quarter, ended April 30, 2008, including the results for subsidiaries Bob Beeman Drilling Company and Best Well Service, Inc., which were both acquired on February 14, 2008, and comparable results [...]

Aztec Oil & Gas, Inc. previously announced that the Company had completed the drilling of two new wells for its Aztec 2007A Limited Partnership. The wells, Williams #1 and #2, were drilled in Tyler County, West Virginia to a depth of approximately 5,000 feet each. Logs on both wells indicated substantial reserves. Today, Aztec is [...]

Dejour Energy (Alberta) Ltd. is in its third month of production from its first four well gas wells in Peace River Arch NE British Columbia. Work continues on the production tie in of six additional wells completed during last winter’s drilling activities. Plans for additional development during the 2008/09 winter season are well advanced.
Dejour announces [...]

Jaguar Financial Inc. together with a large international mining company (collectively the “Joint Venture”) have announced their ownership of 17,882,000 common shares of Constellation Copper Inc. (”Constellation”), representing approximately 9.9% of the issued and outstanding common shares of Constellation.
The following information concerning Constellation is based on its publicly held information. Constellation owns the Lisbon Valley [...]

Oilfield services company Hornbeck Offshore Services Inc. may sell all or part of its stake in its downstream tug and tank barge unit.
The company hired JP Morgan Securities Inc. to help it assess various options for the division, which may include a possible sale, adding to the business through acquisitions or consolidation and other possible [...]

Oil prices fell sharply, dropping below $124 a barrel, as demand concerns grew and Federal Reserve Chairman Ben Bernanke indicated that more interest-rate cuts are unlikely. Bernanke’s comments sent the dollar higher and raised questions about the chances of oil reaching new highs in the short term.
Light, sweet crude for July delivery fell $3.45 to [...]

Mengold Resources Inc. has closed a private placement through the sale of 2,000,000 units at a price of $0.25 per Unit, for gross proceeds of $500,000.
Each Unit consists of one flow-through common share and one transferable share warrant (each share purchase warrant a “Warrant” and collectively, the “Warrants”). Each Warrant entitles its holder thereof to [...]

Sterlite Industries (India) Limited (“Sterlite”), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, and ASARCO LLC (“Asarco”), a Tucson based mining, smelting and refining company, announced today that they have signed a definitive agreement for the sale to Sterlite of substantially all the operating assets of Asarco for $2.6 [...]