Mogul Energy International, Inc. announces that the company has commenced its drill program involving the Walpole properties located in southeastern Saskatchewan. Mogul Energy representative has confirmed that the first well has been spudded successfully. The first well is to be drilled to a total depth of 1100 meters testing the Torquay, Souris Valley and Bakken [...]
Brownstone Ventures Inc. and its joint venture partner, Dejour Enterprises Ltd. announced they have signed a joint venture agreement with Laramie Energy II LLC, a privately funded Exploration and Production Company with corporate offices in Denver Colorado. The joint venture involves approximately 22,000 gross acres (6,300 net to Brownstone) in an area at the northwest [...]
Mogul Energy International, Inc. announced its plans to begin drilling on the exploration program involving the Walpole properties located in eastern Saskatchewan. Mogul has contracted the company CODECO to complete this drill program. Mogul Energy representative stated, “The licensing on the first drill location is complete and we expect the second drill location licensing process [...]
Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. , announced today that the Company’s wholly owned subsidiary, Coastal Petroleum Company, and Western Standard Energy Corp. are continuing completion efforts on the shallow gas prospect well drilled last year on Coastal’s Valley County, Montana Leases. The Company also announced the [...]
Ausam Energy Corporation announce that the TSX Venture Exchange has conditionally approved an early warrant exercise incentive program designed to encourage the exercise of up to 8,701,132 common share purchase warrants of Ausam. The Program will be open for a 30-day period, which will commence on October 20, 2008, and end on November 18, [...]
Synergy Resources Corporation, a development-stage oil and gas exploration and production company, today announced that the Colorado Oil and Gas Conservation Commission had granted seven (7) drilling permits for wells included in leases for which Synergy has the option to purchase. The permits, granted on October 9, 2008, are for the Meyer prospect in Greeley, [...]
Sunset Island Group announced that it has signed a letter of intent to acquire several oil and gas leases in Texas.
The leases, located in southwest Texas, will cover approximately 26,000 acres in the Maverick Oil Basin. “We feel very pleased to be able to acquire a property in such a rich oil and gas producing [...]
Ausam Energy Corporation announces today that it has made a gas condensate discovery on its Nolte Marsh prospect in Liberty County, Texas. The prospect was drilled to a depth of 13,330 feet by Square Mile Energy L.L.C. (37.5% and operator) under a Joint Operating Agreement with Ausam (40%), Petro Real (17.5%), and 100 Wall Energy [...]
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 [...]
Arena Resources, Inc. announced that it has finalized the lease of office space in Midland, Texas, with an anticipated opening date by the end of October. Mr. Will Porter has joined Arena as Permian Basin Land Manager and will manage the new office.
Mr. Porter, a Midland native, has over 23 years of experience in all [...]
