Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment.
Exploration [...]

Anzon Energy Ltd said its subsidiary Anzon Australia Ltd and Beach Petroleum Ltd have decided that their Basker-Manta-Gummy (BMG) joint venture will continue with expansion of its oil development, but have deferred the final investment decision for the gas phase.
The company also said its gas sales agreement with Alinta will be terminated, as the agreement [...]

Silver Star Energy, Inc. reports on the completion and testing results from three Sawtooth formation gas wells at the MB Gas Project, located in the Manyberries area of Alberta, Canada. Silver Star and MB Gas Inc., based on the recently announced participation by the Company under the loan agreement, are currently working to tie [...]

Elixir Petroleum and Gawler Resources Limited have agreed to merge their businesses to create a balanced, diversified oil and gas exploration and production (’E&P’) company, listed on the ASX and AIM and capitalized at approximately A$35.0 million (£14.4 million) at today’s share prices. Elixir shareholders will represent 52% of the enlarged company and Gawler shareholders [...]

GREEN RIVER - An exploratory drilling project proposed in north Sublette County is drawing opposition from conservationists and others who say oil and gas development doesn’t belong within the Bridger-Teton National Forest’s Wyoming Range.
“If they drill these wells, it’ll be the beginning of the end for the Wyoming Range,” said Dan Smitherman, an outfitter with [...]

GREEN RIVER - A small exploratory drilling project proposed for the Wyoming Range in north Sublette County is spotlighting the conflict between energy development and preservation in western Wyoming.
Conservationists and others are objecting to the drilling project and say oil and gas development doesn’t belong within the Bridger-Teton National Forest’s Wyoming Range. They view [...]

JACKSON - The Jackson Hole Chamber of Commerce says it opposes oil and gas development in the Bridger-Teton National Forest.
The chamber on Wednesday wrote to forest Supervisor Kniffy Hamilton stating that energy development on forest lands would hurt recreation and the regional economy.
More than half of the 3.4 million acre forest is open to [...]

Groups in Alaska have sued the U.S. Interior Department to block an offshore oil and gas lease sale that residents say threatens Arctic marine wildlife and the traditional Inupiat Eskimo way of life.
The North Slope Borough and the Alaska Eskimo Whaling Commission, in a lawsuit filed in U.S. District Court in Anchorage on Tuesday, claim [...]

Nitro Petroleum, Inc. wishes to announce that the Company has sold its entire Working Interest ownership in Corsicana, Navarro County, Texas to JMT Resources Ltd.
This agreement is effective January 31st. 2007.
Nitro will continue with the working interests in numerous wells in the Barnett Shale properties located in Cooke County, Texas.
The Company will employ the proceeds [...]

The Chinese embassy in Pakistan has barred its country’s services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan’s efforts to restart drilling activities in the province.
Chinese embassy’s advisory put Pakistan Petroleum Limited (PPL) into limbo as after M/s Great Wall Drilling Company (GWDC) denial [...]