Hagens Berman LLP, an investor-rights law firm, is continuing to investigate Hercules Offshore to determine if the company violated securities laws. The investigation began after the announcement of a Securities and Exchange Commission (SEC) and Department of Justice investigation of certain of the company’s activities. Hagens Berman partner Reed...
The management of CAMAC is gratified to learn that all remaining passengers, flight crew and its corporate aircraft have been released by officials in the Democratic Republic of Congo. The release was not based on an admission of guilt by anyone associated with this incident and the Congolese government filed no charges of wrongdoing. CAMAC had no...
MarketResearch.com has announced the addition of GBI Research’s new report “Oil Market in Africa to 2015 – Offshore Finds Transforming Africa into a Major Oil Producing Region,” to their collection of Oilfield Equipment & Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6164897...
Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund...
Vermilion Energy Inc. announces the submission of its Annual Information Form (“AIF”) for the year ended December 31, 2010 to the System for Electronic Document Analysis and Retrieval. The AIF contains Vermilion’s Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101. Vermilion has also filed...
MicroStockProfit.com announces an investment report featuring Lucas Energy Inc. The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. The full report is available at: www.microstockprofit.com/lp/LEI Lucas Energy Inc. (LEI) is an independent oil and gas company...
Texas Allied Petroleum, Inc. is pleased to announce that it has successfully reworked its Cooper Cove, Herrick and Little Laramie fields in Wyoming. Daily production from the three fields is approximately 100 barrels of oil per day. A surface discharge system is currently being permitted, which has potential to increase production and decrease operating...
Callon Petroleum Company today announced its fourth quarter and full year 2010 results of operations will be released on Monday afternoon, March 14, 2011. A conference call discussing the results and current activity is scheduled for 10 a.m. Central Daylight Time Tuesday, March 15, 2011. The conference call may be accessed live over the internet through...
Pioneer Natural Resources Company today announced that Tim Dove, President and COO, will present at The Raymond James Investors Conference on Tuesday, March 8 at 9:50 a.m. ET. Any interested person may listen to the live presentation and view the presentation slides during the conference, or hear an archived version afterwards, by logging on to Pioneer’s...
Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants...