Sea Dragon Energy Inc.’s IPO, has been notified that Sea Dragon Energy Inc. (”Sea Dragon”) closed its initial public offering (”IPO”) of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share. Mogul owns 4 million common shares of Sea Dragon through its April [...]
Mogul Energy International, Inc was notified about Sea Dragon Energy Inc Initial public offering of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share closing.
4 million common shares of Sea Dragon is owned by Mogul through its April 24th, 2008 Agreement of [...]
The U.S. Interior Department’s Gulf of Mexico oil and gas lease sales on Wednesday reaped a record $3.7 billion - the highest amount ever in a U.S. government lease sale - as oil prices hovered above $100 a barrel, the Minerals Management Service said.
Flush with cash from record crude prices, short on reserves replacement ratios [...]
PACO Oil & Gas Inc. an exploration company focused on purchasing under valued oil and gas leases — has completed negotiations to acquire the McGill gas lease properties located in Okalahoma. PACO Oil & Gas reports that the property has one gas well in the Rowe Formation that is expected to produce up to 100 [...]
New Century Energy Corp. announces a new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
Edward DeStefano, the Company’s CEO, stated, “We are very excited about the positive results from our newest oil well, the Swaim 33-#2, in McMullen County, Texas, which was completed in a Wilcox sand at a depth of [...]
Pilgrim Petroleum Corporation and its alliance with Huizhou Engineering Co. Ltd and SEWAN Ltd; the Alliance named GHS Energy along with General Energy will have access and general presence in Canada and China for oilfield services properties and royalty owners. The parties involved on the new alliance have come together in a mutual interest to [...]
Royalite Petroleum Company, Inc. has been issued its first drilling permit to drill a 8,500 ft. exploratory well on the Royalite State 16-1 prospect located in northern Piute Co., Utah and anticipates spudding the well on or before March 12, 2007. The well is located approximately 28 miles southwest from the nearest production in the [...]
Natural gas drilling in the Southern Tier, once heavily weighted in favor of the drilling companies, is now shifting toward the landowners’ interests.
Two factors are pushing the pendulum. One is a new policy, implemented in August 2005, which allows parties with land in a well unit to buy their way into the drilling of that [...]
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 [...]
General Energy Corporation today announced the completion of a Letter of Intent (”LOI”) to purchase 80% Working Interest (NRI 61%) for prospective oil resources in North Texas properties with leases covering a total of approximately 12,500 acres owned by Pilgrim Petroleum Corporation . The transaction outlined a sale price based on Pilgrim’s Net Present Value [...]
