Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada
Magma Energy Corp. announce that its US subsidiary, Magma Energy (US) Corp. (”Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures...
Universal Energy Corp. Launches Aggressive 2009 Acquisition Plan
Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today the launch of its acquisition plan for 2009. “The decline in commodity prices over the past few months has brought about opportunities like I’ve never seen before,” commented Billy Raley, Chief Executive Officer of Universal Energy...
Precision Petroleum Corporation to Purchase Up to 50% of the Powder River Basin Project
Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due...
Tuscany Energy Ltd. announces successful Saskatchwewan horizontal well
Tuscany Energy LTD report the successful drilling and completion of a horizontal oil well, in the Dina formation, in the Evesham area of southwestern Saskatchewan. The Tuscany et al. Evesham HZ 2B9-21-4B2-21-39-27 W3 well was drilled to a measured depth of 1467 m (759 m TVD) with a horizontal Dina section of 496 m. The well is currently producing 170...
Endeavour Announces Successful Appraisal of the Rochelle Discovery in United Kingdom
Endeavour International Corporation announced a successful up-dip appraisal of the Rochelle undeveloped discovery in Block 15/27 of the UK North Sea. Endeavour holds a 55.6 percent interest in the well and is operator for the block. Nexen Petroleum U.K. Limited is a joint venture participant and holds 44.4 percent interest. The Rochelle 15/27-11 appraisal...
Synergy Resources Corporation Acquires Leases Totaling Over 4,000 Acres
Synergy Resources Corporation, a developmental stage oil and gas exploration and production company, today announced that it has been awarded various leases under a State of Colorado Lease Auction comprising 1,600 acres with the potential of 75+ well sites. The Company has also signed additional leases in Nebraska and Weld County, Colorado comprising...
U.S. Energy Corp. Announces Investment in Geothermal Entity
U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas...
PetroSun Announces Expansion of Fuel Products Line
PetroSun, Inc. announced that PetroSun BioFuels Marketing, a wholly owned subsidiary, has expanded its fuel products line through an agreement with Intelaform, Inc. of Germantown, Maryland. The agreement includes D2, JP54 and M100 for spot and twelve-month contracts. PetroSun BioFuels Marketing will continue to provide B99, B20 and B5 biodiesel to domestic...
Tethys Petroleum Limited: Cooperation Agreement Signed With “INTER RAO UES OJSC”
Tethys Petroleum Limited announced the signature of a Memorandum of Intent on Cooperation with the Russian energy company “INTER RAO UES OJSC” concerning cooperation in Kazakhstan and other parts of Central Asia. Specifically the MOI concerns Tethys and “INTER RAO UES OJSC” cooperating and negotiating in good faith as a matter...
Gastar Exploration Announces 82% Increase in 2P Reserve Certification for Australian Coal Seam Gas Project
Gastar Exploration Ltd. announced an 82 percent increase in independently certified proved and probable (2P) natural gas reserves in the Narrabri coal seam gas project in New South Wales, Australia, where Gastar holds a 35 percent working interest in partnership with Eastern Star Gas (AX: ESG). Independent estimates by Netherland Sewell & Associates,...
Recent Energy News
Cetrel and Novozymes to Make Biogas and Electricity from Bagasse
Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin...
Innergex increases its net installed capacity by 53 % as Ashlu Creek starts commercial operation
Innergex Renewable Energy Inc. announces that the Ashlu Creek run-of-river hydroelectric power...
Featured Video
Subscribe
Subscribe to Tambang.Org
Sign up to receive daily email updates of Tambang.Org headlines. Enter your email address below: