Americas Petrogas Inc. (TSX VENTURE:BOE) reported that the comoany has closed its previously announced equity financing by way of a private placement on a bought-deal basis by completing the sale of 12,345,700 common shares of the Corporation at a price of $0.81 per share, for gross proceeds of approximately $10 million.
Pan Orient Energy Corp. (TSX VENTURE:POE) reported that to release its December 31, 2009 National Instrument 51-101 compliant reserves appraisal for its heavy oil project at Sawn Lake Alberta, Canada, as evaluated by DeGolyer and MacNaughton Canada Limited.
Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL) awarded of (in aggregate) 4,093,000 options to purchase ordinary shares of the Company to the Directors and members of the Xcite Energy Resources Limited (the Company’s wholly owned subsidiary) management team.
Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) reported the appointment of Rear Admiral Ed Allen to Xtreme’s Board of Directors effective upon the Company’s Form-10 being finalized.
Sinopec (0386.HK), Asia’s top oil refiner, reported that the company will buy a stake in upstream assets in Angola for $2.46 billion and announced it wanted more such deals, which could shield it from high oil prices that hit margins in the fourth quarter.
WestFire Energy Ltd. (TSX:WFE) reported the addition of Christopher L. Fong to its board of directors.
Ameinfo.com reported if oil stocks a good buy?
Zeromillion.com reported Oil Stocks As A Long Term Investment:
ConocoPhillips (COP.N) reported that it has restarted a crude unit following an unplanned shutdown this month at its 247,000 barrel-per-day Alliance refinery in Belle Chasse, Louisiana.
Asia’s top oil and gas producer, PetroChina (0857.HK) (601857.SS), reported that the company has accelerated its crude run and fuel sales in the last quarter, reflecting an improving domestic market.
Wednesday, March 31, 2010