Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada

October 30, 2009 Category: Geothermal Energy
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

March 25, 2009 Category: Energy Companies, Natural Gas, Oil Energy
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

January 31, 2009 Category: Natural Gas, Oil 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

January 22, 2009 Category: Energy Companies
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

January 21, 2009 Category: Oil Energy
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

January 14, 2009 Category: Oil Energy

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

December 22, 2008 Category: Renewable Energy

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

December 11, 2008 Category: Biodiesel, Biofuel Energy

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”

December 5, 2008 Category: Natural Gas, Oil Energy

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

November 18, 2008 Category: Natural Gas

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,... 

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