Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig [...]

Defying the area’s economic downturn, Kolene Corporation reported today it received more than $1.5 million in new equipment orders from aerospace companies. The orders include:
– Two automated systems for removing molybdenum disulfide lubricants from titanium fasteners used in military and commercial aircraft and other critical high performance applications. One system will be installed at Air [...]

New Stream Capital announced today that it has provided financing of $28.1 million to EBR Management LLC, an energy production company located in Sugar Land, Texas. The transaction is backed by oil and gas leases including 91 producing wells, 60 drilling locations covering numerous fields in Southern Texas and Louisiana, estimated net reserves of 21.6 [...]

Pilgrim Petroleum Corporation, announces an internal re-alignment and reorganization of its business as a result of the latest transaction event with Implantable Vision Ltd. Pilgrim Petroleum Corporation will redirect its Corporate Strategy by exclusively focusing on its Oilfield Service Operations. This consolidation on Pilgrim’s activities will provide and stabilize a leaner corporation, easier to streamline [...]

EnDevCo, Inc., the Energy Development Company, announced today that preparations for the 2nd horizontal well at Short Junction Field have been completed. The drilling site for the upcoming WSJU #111 StH well has been prepared and is ready to accept the rig.
“There are multiple processes involved in preparing for a new well,” stated Chris A. [...]

EnDevCo, Inc., the Energy Development Company, announce that it has executed an oil sale and purchase agreement with a major United States oil company. EnDevCo has agreed to sell and deliver crude oil and/or condensate produced from the Company’s Short Junction Field in Cleveland County, Oklahoma. Under the terms of the agreement, EnDevCo will receive [...]

Gulf Onshore, Inc. announced that its Board of Directors has appointed R.Wayne Duke, Earl Moore and Mark Smith as directors. The board also appointed Mr. Moore as Chief Executive Officer and Mr. Smith as Chief Financial Officer. Dean Elliot has resigned as an officer and director for personal reasons. The Company has also formed a [...]

The American Stock Exchange® (Amex®) today listed the common stock of Cubic Energy, Inc. under the ticker symbol QBC.
Based in Dallas, Texas, Cubic Energy, Inc. is an independent energy company engaged in the development, exploration and production of crude oil and natural gas, principally in Texas and Louisiana.
“We are pleased to welcome Cubic Energy, Inc. [...]

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel has recently reported that Aladdin Middle East (”AME”) and Zion have amended their June 18 protocol to extend to September 1, 2008 the date by which they are to sign a drilling contract. The extension is necessary due to delays encountered in preparing and [...]

Glen Rose Petroleum Corporation which was also known as formally United Heritage Corporation, announced that it has just received a going concern opinion from its auditor relating to its financial statements filed on July 14, 2008 with its Form 10-K or the period ended March 31, 2008. That opinion from Hein & Associates LLP states:The [...]