Lighthouse Petroleum, Inc. announce the acquisition of a 25% working interest in G2 Petroleum LLC’s Diamond Springs Prospect, located within the prolific Wind River Basin. The Diamond Springs Prospect comprises 3,300 gross acres of prospective oil and natural gas property in Fremont County, Wyoming. Independent geologic work has concluded that the property has the potential [...]

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that it has entered into a Lease Purchase and Drilling Agreement with a private, Texas-based oil and gas company to acquire a 25% non-operating working interest in an oil prospect located in east [...]

Linn Energy, LLC announced that it has entered into a purchase and sale agreement to sell its deep rights in certain central Oklahoma acreage, which includes the Woodford Shale interval, for cash consideration of $229 million, subject to closing adjustments. The sale includes no producing reserves and Linn Energy will retain the rights to the [...]

Cubic Energy, Inc. announced the Company has reached total depth of 11,950 feet on its Red Oak Timber 5 No. 1. 4 1/2“ casing was set at 11,950 feet. The Red Oak Timber 5 No. 1 is Cubic’s fifth Haynesville Shale well in its northwest Louisiana acreage. The Red Oak Timber 5 No. 1 is [...]

Vortex Resources Corp. announced today that it has signed a Memorandum of Understanding (the “MOU”) to enter into a definitive asset purchase agreement with Blackhawk Investments Limited (“Blackhawk”), based in London, England. Blackhawk will exercise its exclusive option to acquire all of the issued and allotted share capital in Sandhaven Securities Limited (“SSL”), and its [...]

Sun Cal Energy Inc., an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce that the first of several wells to be drilled in the multi-pay prospect in the West Gomez [...]

Verona Development Corp. announce that it has entered into an agreement to purchase significant producing oil and gas assets in its core producing area of Gainsborough, in southeastern Saskatchewan, Canada.
The principal assets are 16 producing oil wells, of which ten are operated and produce to an operated working interest battery facility. Current production from the [...]

Oil and gas exploration company Sentry Petroleum Ltd. announced today that it has commenced seismic data analysis on ATP 865 for the Company’s upcoming 2008 exploration program. MBA Petroleum Consultants, a leading independent evaluator, has been retained to provide an assessment of ATP 865 and the Company’s existing leads and prospect. MBA is presently loading [...]

Barrick Gold Corporation announced that it has entered into a definitive agreement to purchase oil and gas assets representing production of approximately 900 barrels of oil equivalent (BOE) per day at Sturgeon Lake, Alberta, from Daylight Resources Trust for $87.5 million in cash. This transaction follows Barrick’s recent $410 million cash offer for Cadence Energy [...]

Crescent Point Energy Trust announces that on August 5, 2008 it closed the sale of 4,110,000 Class A Shares of Painted Pony Petroleum Ltd. to Shelter Bay Energy Inc. by way of private sale, and not through any market. The disposition is further to the April 11, 2008 Crescent Point press release announcing the [...]