Aroway Energy Inc. (TSXV:ARW, OTCQX:ARWJF) started operations on a new development oil well on its 100% owned and operated Kirkpatrick Lake property in Central Alberta.
Oil Company News Directory
Big Sky Petroleum Corporation (TSXV:BSP) announced a restructuring of its share capital and management.
Victory Energy Corporation (OTCQB:VYEY), a Texas-based oil and gas company, said this week it will double in size for the 2013 fiscal year and is poised for significant growth with currently held Permian Basin properties.
Hillcrest Resources Ltd. (TSXV:HRH) announced that it has started developing the Donner #4 well site, which is located about 500 feet southwest of the Donner #1 well. The company plans to provide an update when a drill rig comes on site.
Canadian diversified miner Teck Resources (NYSE:TCK, TSX:TCK.B), along with oilsands giant Suncor (NYSE:SU, TSX:SU) and French company Total (EPA:FP), said Thursday it has decided to proceed with construction of the Fort Hills oil sands project in northern Alberta.
Big Sky Petroleum Corporation (TSXV:BSP) provided updates on its activities in Q3 and announced that it is currently in discussions with certain companies about entering into a joint venture development program to finance further wells for the 3,000 acre Wolfcamp prospect.
Big Sky Petroleum Corporation (TSXV:BSP) is amending the terms of certain warrants which would otherwise expire on October 25, 2013.
Standard Exploration Ltd. (TSXV:SDE) has completed its acquisition of all of the issued and outstanding shares of Penco Oil and Gas Ltd. in exchange for 6,153,947 common shares in the capital of the Corporation. Penco, an Alberta-based privately held company, is actively exploring and producing oil and gas in Alberta.
CTV News reported that Statoil Canada Exploration has made a new major oil discovery off the coast of Newfoundland. Though production is no expected until after 2020, Statoil and Calgary-based Husky Energy have identified a reservoire of light crude that could hold between 300 million and 600 million barrels of recoverable oil.