American Petro-Hunter, Inc. (OTCBB: AAPH) provided further details of the Company’s North Oklahoma Project, and discuss the ongoing development plan for the 7 leases totaling over 1,000 acres located in Payne County, near Stillwater, Oklahoma.
Caza Oil & Gas, Inc. (TSE:CAZ)(AIM:CAZA) announced that the Bongo, O.B. Ranch #1 Well has reached a depth of 12,964 feet, and intermediate casing has been installed, cemented and formation integrity tested.
Nextraction Energy Corporation (TSX VENTURE:NE) announced that MHA Petroleum Consultants LLC has completed an update to its National Instrument technical report (NI-51-101) estimating reserves and future net revenues for the Company’s North Pinedale Project, located on the crest of the Pinedale Anticline in Sublette County, Wyoming.
Africa Oil Corp. (TSX VENTURE:AOI)announced that it has closed the second and final tranche of the $25 million private placement, previously announced on July 9, 2010.
AROWAY MINERALS INC. (TSX VENTURE:ARW) announced that it has entered into a purchase and sale agreement dated July 20, 2010 with Big Earl Resources Ltd., a private company incorporated in Alberta, pursuant to which Big Earl has agreed to assign to the Company its farmin interest to acquire a 50% working interest in certain petroleum and natural gas assets currently owned by a private oil and gas exploration and production Company.
Suncor Energy Inc. will release its second quarter financial results on Thursday, July 29, 2010 at 12:30 a.m. MDT (2:30 a.m. EDT).
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Vantage Drilling Company (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced that it intends to offer, subject to market and other conditions, $50.0 million of ordinary shares.
Nextraction Energy Corporation (TSX VENTURE:NE) and its wholly-owned subsidiary, Nextraction Energy Inc. , announced it has acquired an additional 1,023 acre leasehold in the northern region of the Pinedale Anticline, Wyoming.
Cougar Oil and Gas Canada Inc. (OTCBB:COUGF) announced the successful integrity tests, repair and reactivation of the suspended oil property in the Alexander field.
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