Hemisphere Energy Corporation (CVE:HME) reports that it has closed its private placement announced July 7, 2010. The private placement consisted of five million and ten thousand units at a price of 20 cents per unit, for proceeds of $1,002,000. For complete news release, click here. For Hemisphere Energy’s company website, click here.
Thursday, August 12, 2010
Suncor Energy Inc, Canada's largest energy company, has just announced that it has agreed to a transaction with Direct Energy to sell natural gas assets for about $358.5 million. The deal comes as part of Suncor’s strategic business alignment and ongoing plans to divest of a number of non-core assets totaling $2.8 billion.
Continue reading "Alberta Gas Fields on Sale"
Thursday, August 5, 2010
American Petro-Hunter, Inc. (OTC:AAPH) reports the July oil production from the #1 and #3 Lutters wells at the Postons project, Trego County, Kansas. Management and engineers believe that oil production rates from the Postons project will reach the 100 BPD range once the #3 Lutters well reaches stable production. American Petro-Hunter’s President, Robert McIntosh says: “With the [...]
Thursday, July 22, 2010
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.
Continue reading "India Looking to Secure Gas Supplies"
Tuesday, July 6, 2010
Primary Petroleum Corporation (CVE:PIE) reports to its shareholders and the investment community an update on the increased activity in the Alberta Basin Bakken Fairway, Western Montana, USA. To date, the Montana Board of Oil and Gas has recorded 16 wells that have either been permitted, spud and/or drilled in the area by Rosetta Resources, Newfield Exploration or Anschutz [...]
Tuesday, June 15, 2010
Encana, Canada's largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
Continue reading "Natural Gas Producer Looking for Joint Venture Partnerships"
For upcoming gas investing trade shows, see the following links: World Junior Oil and Gas Congress
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Thursday, August 26, 2010