Sentry Petroleum President and CEO Discusses Potential World-Class Coal Resource

Sentry Petroleum Ltd today announced the release of a video interview with Dr. Raj Rajeswaran, Sentry Petroleum President and Chief Executive Officer. The interview is available on the company’s web site at http://www.sentrypetroleum.com/presentations/sentry-video-presentations/ Sentry President and CEO, Dr. Rajeswaran is quoted as saying, “We... 

Infinity Secures Additional Financing and Enters Into Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc. an independent oil and gas exploration and development company, today announced that it has secured $1,050,000 in additional financing and entered into a Forbearance Agreement (the “Agreement”) dated February 16, 2011 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement, dated January 9, 2007,... 

Edge Resources Announces Issuance of Stock Options

Edge Resources Inc. announced today that it has granted incentive stock options for a total of 1,200,000 common shares of the Corporation at a price of $0.36 per share (with respect to 1,000,000 of the options) and $0.30 per share (with respect to 200,000 of the options) all for a period of five years, under the formal stock option plan approved at... 

Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

Touchstone Announces Filing of Annual Financial and Reserves Data Disclosure

Touchstone Exploration Inc. announces that it has filed its annual audited financial statements and accompanying notes for the year ended September 30, 2010 and its Management’s Discussion and Analysis with Canadian Securities Regulatory authorities. The Company has also filed its annual prescribed disclosure and reports relating to reserves data... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Africa Oil Corporate Update

Africa Oil Corp. reports that it has granted an aggregate of 2,390,000 incentive stock options to certain officers, directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $2.10 per share. Africa Oil Corp. is a Canadian oil and gas company with assets... 

Range’s Proved Reserves Increase 42%

RANGE RESOURCES CORPORATION announced today that its proved reserves as of December 31, 2010 increased 42% to 4.4 Tcfe. From all sources, Range replaced 931% of production in 2010 with 840% reserve replacement occurring through the drill bit and positive performance revisions. Finding and development costs from all sources, including acquisitions,... 

Victory Energy Appoints David B. McCall to Its Board of Directors

Victory Energy Corporation today announced that it has appointed David B. McCall to its Board of Directors. Mr. McCall has over 35 years of experience in the oil and gas industry, and is currently a partner in The McCall Firm in Austin, Texas. Mr. McCall’s law practice has centered on the upstream, midstream and downstream activities of major... 

Enhanced Oil Resources Inc. Provides 2011 Activity Update

Enhanced Oil Resources Inc. is pleased to provide the following update regarding the Company’s proposed activity for 2011. The Company had previously announced on December 22nd 2010 that it had completed a $25 Million bank credit facility with Regions Bank. The credit facility capped a year where the Company produced four straight quarters of...