Oil and Gas Exploration – News

Oil and Gas Exploration – News

Zone Resources Inc. announces that the TSX Venture Exchange has accepted the non-brokered private placement announced on February 25th 2011. A total of 5,000,000 units were issued as non-flow-through units consisting of one common share and one full warrant for total proceeds of CDN $425,000. One full warrant will entitle the holder to purchase one additional common share of the Company at a price… 

Zone Resources Inc. Announces Private Placement

Saturday, February 26th 2011

Zone Resources Inc. would like to announce that it has arranged a non-brokered private placement of up to 4,000,000 units at a price of $0.085 per unit for total proceeds of up to $340,000 subject to the approval of the TSX Venture Exchange. Up to 4,000,000 units will be issued as non flow-through units consisting of one common share and one full warrant. One full warrant will entitle the holder to… 

Guerrero Adds Experience, William H. Petrie Sr. Joins the Advisory Board

Wednesday, February 23rd 2011

Guerrero Exploration Inc. is pleased to announce William H. Petrie joins the Advisory Board. Mr. William H. Petrie Sr. is the current President and CEO of Birch Lake Energy Inc. and the President of Marengo Petroleum Corp. a private oil and gas exploration company from 1979 to present. From 2001 to its sale in 2004, he was president of Montego Exploration Ltd., a private oil and gas company; from 1997… 

Tethys Petroleum Limited: Tajikistan-Komsomolsk Well KOM201 Commences Drilling

Tethys Petroleum Limited announced that drilling operations had commenced on the East Komsomolsk KOM201 appraisal well. The KOM201 well is designed to appraise the eastern portion of the Komsomolsk gas field, which lies beneath the northern part of Dushanbe, the capital city of Tajikistan. It is being drilled by Tethys’ ZJ30 rig “Tykhe”, and is a deviated well intended to intersect… 

Tethys Petroleum Limited: Drilling Commences on AKD03 (Dione) Exploration Well

Tethys Petroleum Limited announced that it had commenced drilling the AKD03 (Dione) exploration well in Kazakhstan. Tethys’ ZJ70 rig “Telesto” has commenced drilling on an attractive exploration prospect which is located nearby to, and south-west of, the Doris oil discovery. This well is planned to target both the Cretaceous and Jurassic intervals where oil has been flowed in the… 

Tethys Petroleum Limited: Tajikistan Joint Venture Finalised

Thursday, December 31st 2009

Tethys Petroleum Limited announced that the joint venture relating to its Tajik projects previously announced in December 2007 has now been completed and that its interests in Tajikistan have therefore been transferred to its joint venture company Seven Stars Energy Corporation (“SSEC”). The completion of this deal had been waiting on the resolution of certain commercial and business issues… 

Exploration for Rubies, Gold and Marble in Cambodia

Tuesday, December 8th 2009

Terra Energy & Resource Technologies, Inc., a natural resource exploration services technology company, announces that the Company completed two projects for gold, rubies and marble exploration in Cambodia utilizing its innovative proprietary technology STeP®. Both service contracts were awarded to Terra by The Millennium International Group, LLC, which has subsequently requested the Company… 

Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well

Thursday, September 17th 2009

Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross… 

Black Dragon Net Income for the First Two Quarters of 2009 Was Up 14%

Thursday, August 20th 2009

Black Dragon Resource Companies, Inc.’s Dr. Gerald Bailey, CEO of Black Dragon, stated that net income for the first six months was $546,443, compared to 2008 of $477,470. This is a 14% increase. Oil and gas income was down 68% compared to 2008. Savings were achieved in administrative expenses which were down 78%, primarily due to non-recurring legal expenses from 2008. The large drop in oil… 

American Energy Resources Discovers Mid-Continent Oil in Gove County, Kansas

Wednesday, June 17th 2009

American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced the discovery of significant oil. The oil well, christened Bonita Springs 4A is located eight miles southeast of Oakley in Gove County, Kansas. This is the second oil well to successfully produce resources for American Energy Resources within the last month. “This… 

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