Stockwatch reports The U.S. Securities and Exchange Commission targets Jay Budd.
The SEC launched the case on Sept. 1, 2009, when it filed a civil complaint against Mr. Briner and Mr. Budd in the Southern District of New York. The complaint identified Mr. Budd as the president of Golden Apple and Mr. Briner as a legal [...]
Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin are now included as well as two onshore areas and one offshore area in the Otway Basin.
Energy and Resources Minister Peter Batchelor is quoted saying:
“We are committed to creating [...]
UK oil and gas explorer Premier Oil PLC (PMO.L) is reported to start production at the 25,000 barrels per day (bpd) Chim Sao oilfield offshore Vietnam in July 2011.
Green Oasis Environmental Inc. (PINKSHEETS: GRNO) announced that Morgan Stanley has provided a 2010 West Texas Intermediate oil forecast of $95 per barrel by December 2010.
Xtreme Oil and Gas, Inc. (PINKSHEETS: XTOG) reported the Company has filed the Form 10 with the Securities and Exchange Commission (SEC).
Magnum Hunter Resources Corporation (NYSE Amex: MHR) (NYSE Amex: MHR-PC) reported that the Company has closed on the previously announced acquisition of privately-held Triad Energy Corporation and affiliates, an Appalachian Basin focused energy company.
The Financial Times reported on Tuesday that Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds.
On Wednesday, it was reported that the daily output at Iran’s Azadegan oil field has reached 40,000 barrels per day (bpd) and will soon hit 50,000 bpd.
On Friday, U.S. crude futures ended down, raking up the biggest monthly percentage loss since December 2008.
Vietnam’s current level of recoverable reserves of crude oil and gas are enough for another three decades of production.
Monday, July 19, 2010