Gas

Timberlake Energy Solutions Inc. (FRANKFURT: T2YA) (PINKSHEETS: TLKE) reported that the company has entered into a Letter of Intent to acquire a huge oil and gas prospect in Nevada.

PanWestern Energy Inc.(TSX VENTURE:PW) announced that the company has closed its previously announced private placement of 51,100,000 special warrants at a price of $0.47 per special warrant for aggregate gross proceeds of $24,017,000.

FairWest Energy Corporation (TSX VENTURE:FEC) reported the first quarter it advanced two initiatives that are designed to improve its working capital position, reduce secured and unsecured debt and eliminate the requirement to be governed by a forbearance agreement with its principal lender.

EuroGas, Inc. (EuroGas) (PINKSHEETS: EUGS) (FRANKFURT: EUG) (XETRA: EUG) (HAMB: EUG) (STUT: EUG) reported that through its subsidiary, EuroGas Polska sp.z o.o., it has entered into a confidentiality agreement with Total E&P Activités Pétrolières (Total), a wholly owned subsidiary of Total S.A., one of the world’s largest oil companies.

Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) reported its financial results for the year ended December 31, 2009 and also the results of its independent reserve report as at December 31, 2009.

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited, an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces its financial results for the twelve months ended December 31, 2009.

Canacol Energy Ltd. (TSX VENTURE:CNE) reported that the company has filed all required documentation for approval by the Colombian Financial Superintendency for the registration of its shares in the Colombian Nation Securities and Issuers Registry “RNVE” and for listing on the Colombian Stock Exchange “Bolsa de Valores de Colombia – BVC”.