AmMex Gold Mining Corp. announced that it has decided not to proceed with the acquisition of 100% of the mining rights to the Cold Creek Gold Project, located in Cassia County, Idaho, near the Utah-Nevada border.
Management and the Board of Directors concluded that the Cold Creek property, while being a property of merit, does not [...]

Conquest Mining announced that diamond drillhole HC08RCD391, located at the northern edge of the Silver Hill deposit, has intersected a 20m zone assaying at 8.49 g/t Au, 94 g/t Ag, and 2.3% Cu, substantially increasing the depth extent of high grade mineralisation. The zone is equivalent to 15 g/t Au at current prices, and included [...]

Pioneer Drilling Company (Amex: PDC) announced that it has been notified by the American Stock Exchange (”AMEX”) that AMEX has accepted the Company’s plan to regain compliance with the AMEX continued listing standards and that the Company’s listing will be continued pursuant to an extension.
The Company previously submitted a plan to AMEX outlining its ability [...]

Grey Wolf Inc., which drills oil and gas wells, rejected a third unsolicited takeover bid from Precision Drilling Trust, reaffirming its commitment to a previous agreement with Basic Energy Services Inc.
Grey Wolf said the Precision proposal undervalues the company and does not represent a significant premium to shareholders.
Grey Wolf also did not Precision refusal to [...]

On Capitol Hill, the House approved financial help for mass transit systems facing a surge in riders because of high gas prices. But Republicans blocked Democrats from requiring oil and gas companies to drill on the millions of acres of government land and water on which they already own federal leases.
The House authorized $1.7 billion [...]

Drilling company Grey Wolf Inc. has turned down Precision Drilling Trust’s third unsolicited buyout offer.
In its third proposal, received June 24, Calgary-based Precision proposed to acquire all Houston-based Grey Wolf’s stock for $10 a share. The proposal contained a statement saying it was the company’s final offer for Grey Wolf .
The board of directors [...]

Energas Resources, Inc. announced today that the company is currently waiting on the completion rig to move onto the Finley #5 well location in Niobrara County, Wyoming. The completion rig contractor has reported an unexpected delay on their previous job for an unrelated company and plan to move to the Finley #5 location upon conclusion.
“We [...]

Tri-Valley Corporation has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED from its 43 active producing wells on six California properties. This surpasses the original year end 2008 Company Plan of 2,000 BOED by more than six months.
“With tested productive capacity of individual wells now [...]

Victory Energy Corporation (OTC BB:VYEY.OB) announced today it has engaged consultants, industry experts in horizontal drilling technology, for the Canyon Sandstone formation. The horizontal drilling evaluation is for the Corporation’s gas play in the Texas Permian Basin.
The consultants are optimistic that horizontal drilling can be successfully adopted for the Canyon Sandstone formation due to the [...]

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 [...]