Gastar Exploration Ltd. together with joint venture partner Eastern Star Gas announced the results from the latest exploratory corehole drilled on license PEL 238 located in New South Wales, Australia.
The Edgeroi-1 corehole was drilled approximately 26 miles north of the existing Bibbliwindi and Dewhurst areas and intersected a total of more than 70 feet of [...]
StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide.
Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake’s Marcellus shale gas acreage covering 1.8 million net acres (7,300 [...]
Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (”TSX”) on [...]
Quest Resource Corporation announced the sale of a 50% interest in its operations in Wetzel County, West Virginia to a private entity for $6.1 million. Included in the sale were approximately 4,500 net undeveloped acres, three wells in various stages of completion (two horizontal wells and one vertical well) and existing pipelines and facilities. QRCP [...]
North American Gem Inc. announce that the Company has received an additional 98 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc. . This now brings the total to 433 Coal Prospecting Permits covering an area of 906,748 acres (366,948 hectares) that have been approved by [...]
Beacon Energy Corporation a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation announced today that it has entered negotiations to acquire a 950 acre track of property with coal mining rights/reserves in Pennsylvania.
The company is very confident that current negotiations will result in the successful execution of a purchase agreement immediately with a closing to [...]
XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, [...]
Gastem announced that following the summer 2008 program, including the drilling of two horizontal wells at St-Francois and St-Louis, Canadian Forest Oil (Forest) has fulfilled its spending requirement and earned a 60% interest in the Yamaska Property. As per the agreement, Forest is now the operator of the Utica Shale Program on Yamaska, covering some [...]
North American Gem Inc. announce that the Company has received an additional 85 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc.. This now brings the total to 335 Coal Prospecting Permits covering an area of 720,767 acres (291,684 hectares) that have been approved by Saskatchewan [...]
Cliffs Natural Resources Inc, a global mining and natural resources company, today reported that it has initiated production curtailments at two of its six North American Iron Ore mines.
Cliffs indicated that the curtailments were necessary to bring production levels in line with demand. Cliffs will temporarily idle two small pellet furnaces at Northshore Mining and [...]
