Cumberland Oil & Gas Ltd. (TSXV:COG) announced a joint venture for an exploration program at its British Columbia-based West Nig property.
Painted Pony Petroleum Ltd. (TSXV:PPY.A) announced an update to company operations as well as financial results for Q3 2011.
Hemisphere Energy Corp. (CVE:HME) announced its agreement to increase its working interest in the Trutch property in British Columbia.
The recent deal represents the biggest investment to date by a Chinese company in the North American energy sector, appearing to balance demand to develop gas fields at a time when low commodity prices are not providing companies with enough cash flow efficiently. The agreement could underscore greater exposure for resource companies to eventually export shipments to offshore markets.
By Duncan Sutherland- Exclusive to Gas Investing News Natural gas futures prices subsided over the past week. Down more than a dollar since the 23rd, it seems likely that a further drop is forthcoming given continuing consumer malaise in the United States. Bloomberg is reporting that “Inventories gained 70 billion cubic feet” in the country [...]
Thursday, December 22, 2011