GeoResources, Inc. Announces Proposed Common Stock Offering

GeoResources, Inc., today announced that it and certain selling shareholders intend to offer, subject to market and other conditions, 4,700,000 shares of common stock, of which 4,000,000 shares would be sold by GeoResources and 700,000 shares would be sold by the selling shareholders, in an underwritten public offering. In connection with the offering,... 

Lucas Energy Board Approves $6 Million 2011 Capital Budget

Lucas Energy, Inc. , an independent oil and gas company, reported today that its directors have approved a record level $6 million capital expenditure budget for 2011. “We are excited about the approval and content of our 2011 capital program, which was funded through a recent equity offering,” commented William A. Sawyer, president and... 

Court Rulings Favor HEI Resources in Colorado Securities Lawsuit

Springs-based HEI Resources Inc. and Charles Reed Cagle, founder of the oil and gas exploration company, are announcing several favorable rulings issued by a Colorado state district court as part of an ongoing lawsuit filed by Colorado Securities Commissioner Fred J. Joseph. The rulings handed down by the 2nd Judicial District Court in Denver were... 

Sun River Energy, Inc. Announces Total Depth Reached on the Neal Heirs #1

Sun River Energy, Inc. Sun River Energy, Inc.’s (the “Company” or “Sun River”) wholly owned operating company, Sun River Operating, Inc., set pipe on the Neal Heirs #1 well in southwestern Panola County, Texas at a total depth of 11,073 feet. Logging was completed on December 25, 2010. All of the objective formations... 

Market slips on bank worries, lackluster jobs data

Stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. Even with the decline, however, the S&P 500 and Dow recorded their sixth straight week of advances. The market has proved resilient despite expectations that stocks were due for a... 

Murphy Oil Announces Results of Drilling Wells Offshore Republic of the Congo

Murphy Oil Corporation announced today the results of its recent Republic of the Congo drilling campaign in the Mer Profonde Sud permit. The Cobalt Marine #1 exploration well and the Turquoise Marine #3 well both failed to find commercial quantities of hydrocarbons. The Turquoise Marine #4 did find well developed deeper reservoirs with a minor accumulation... 

OGX Announces the Presence of Hydrocarbons in Well 1-MRK-3/4P-RJS in the Campos Basin

OGX Petróleo e Gás Participações S.A. the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the presence of hydrocarbons in the Santonian, Albian and Aptian sections of exploration well 1-MRK-3/4P-RJS, which is located in the BM-C-37 block, in the shallow waters of the Campos... 

Varel International Announces the Acquisition of the Patented “Rotary Percussion System” from Renegade Tools LLC

Varel International, a leading manufacturer of drill bits and global supplier to the drilling industry, announces it has completed the acquisition of the Rotary Percussion System (RPS) product line and assets of Renegade Tools LLC. The line of high frequency, low impact percussion hammer tools complements the already robust suite of tools Varel supplies... 

Professional Research on Dune Energy Inc. and Alamo Energy Corp. – Rising Oil Prices Spike Exploration Activities

www.wallstreetequityresearch.com gives shareholders valuable insight on oil & gas drilling & exploration stocks Dune Energy Inc. (OTC.BB:DUNR – News) and Alamo Energy Corp. (OTC.BB:ALME – News). Sign up today at www.wallstreetequityresearch.com to receive free research reports on these equities. Oil prices recently hit a two year... 

Is Natural Gas Set to Rebound in 2011?

2010 marked a year that most natural gas investors would like to forget. The reason for the drop in prices and stocks was simply supply and demand. Natural gas supplies have grown in recent years as new technologies have made it easier for producers to unlock previously unreachable reservoirs in onshore shale formations. Some natural gas producers have...