FX Energy Inc. (NASDAQ:FXEN) announced that it has started production at the Komorze-3 well, located at its Poland-based Fences concession. Currently, its production rate sits at 1.1 million cubic feet of gas per day.
Gas Company News Directory
Kodiak Oil & Gas Corp. (NYSE:KOG) provided its financial results for the fourth quarter of 2013 and 2013 as a whole, commenting that during Q4, it oil and gas sales were valued at $266.5 million, a 104-percent increase from the year-ago period.
Mooncor Oil & Gas Corp. (TSXV:MOO) and Birch Lake Energy Inc. (TSXV:BLK) announced that they have entered into a non-binding letter of agreement under which Mooncor will acquire all the common shares of Birch Lake. The companies anticipate the acquisition being completed via a triangular amalgamation.
Victory Energy Corp. (OTCQB:VYEY) announced that it has obtained $36.4 million worth of bank and private placement funding via its interest in Aurora Energy Partners.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) appointed Anton Tjahjono as a Director of CBM Asia Kuala Kapuas Ltd., a subsidiary of the Company.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that Alan T. Charuk has resigned as the President, Chief Executive Officer and Director of the Company. Charles W. Bloomquist, formerly VP of Poerations as well as a co-founder and director of the Company has been elected as the new President and Chief Executive Officer by the Board of Directors.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provides an update on its activities. On December 16, CBM Asia was advised by ExxonMobil that it plans to exit the Indonesian CBM industry.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its private placement for gross proceeds of $255,320. 2,553,200 common shares were issued at a price of $0.10 per share.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided a review of its operations in Indonesia, as well as an update on its current financing activities. To date, the Company has successfully drilled and tested a total of eight coalbed methane exploration wells at two Production Sharing Contract (PSC) areas in Indonesia. The Company has also been offered financing facilities of US$25 million and EUR60 million by two private institutions.
CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.