Mix of Opportunities On Offer in Oil & Gas Markets
Depending on the investment time frame and assumed risk, opportunities currently exist in both the oil and natural gas sectors supported by current and projected market fundamentals.
Articles Tagged "oil"
Zone Resources Inc. – Developing the Girard Iron Property
Zone Resources Inc. (CVE:ZNR) is a junior oil, natural gas, and mineral exploration company based in Vancouver. In March 2011, Zone acquired a 100% interest in the Girard Iron Property, consisting of approximately 7,200 hectares, located in Nunavik, northern Quebec.
Support for Gas Industry Gaining Momentum
Legislation set to be tabled in the US Congress this week should provide a boost to the natural gas industry if it passes as expected.
Manitok Energy Inc. – Oil and Gas in the Western Canadian Sedimentary Basin
Manitok Energy Inc. (CVE: MEI) is an oil and gas exploration and development company focused on conventional reservoirs in the Canadian foothills and heavy oil in east central Alberta. The company has assembled a portfolio of properties, with varied play-types, in Alberta, Canada. All of these projects are at the drill-ready stage, with recent drilling operations completed on the Swimming property last fall and another drill underway on their Stolberg lands. In mid 2010, Manitok merged with Desco Resources Inc. and raised almost $10 million in order to go public. At the end of December 2010, Manitok completed an $18.1 million equity financing of both common and flow through shares. Manitok is expecting a capital program of about $21 million in 2011.
Fueling Oil and Gas Investment
Last month news reports out of China surfaced that the nation might see its natural gas supply fail to meet 35 percent of the demand in 2011, and the shortage could persist through 2021.
NAL Oil and Gas Trust announced Annual Meeting Details
NAL Oil & Gas Trust announced that it will pay a distribution of $0.09 per unit on May 15, 2009, to Unitholders of record on April 22, 2009. The units will begin trading on an ex-distribution basis on April 20, 2009. For full story, click here
Mineral oil must be defined as hydrocarbon
The petroleum ministry has maintained that mineral oil must be defined as hydrocarbon (which can be either crude oil or natural gas or both). For full story, click here
Oil & gas stocks propel Sensex
Key index pivotals surged in afternoon trade, reversing early losses, led by oil & gas shares. For full story, click here
Cabinet asks industry to switch to heavy oil instead of gas
The Cabinet of Ministers ordered the Fuel Ministry and Industrial Policy Ministry to enforce a switch by industrial and heating plants to heavy oil instead of gas wherever they can, and simplified the procedure for purchase of heavy oil. For full story, click here
OVL submits feasibility report for oil discovery in Iran
After receiving approval for the commercial viability of natural gas production from the Farsi block in Iran, the overseas arm of Oil and Natural Gas Corporation, OVL, has now submitted a feasibility report for the oil discovery it made in the block two years ago. For full story, click here
