Oil

NAL Oil & Gas Trust (TSX:NAE.UN) reported that the company has, through a series of transactions, acquired additional acreage in southeast Saskatchewan.

Suroco Energy Inc. (TSX VENTURE:SRN) provided an update to its operations and the operations of Winchester Oil & Gas S.A.

Arkanova Energy Corporation (OTCBB: AKVA) reported that they hired Lance Nelson on February 8, 2010 as the Field Manager for the Two Medicine Cut Bank Sand Unit (TMCBSU) in Cut Bank, Montana.

Signature Exploration and Production Corporation (OTCBB: SXLP), an independent energy company engaged in the exploration, development, exploitation and acquisition of onshore oil and natural gas properties in the U.S., reported that the lease agreement on its Nettie Rhodes property located in Young County, Texas has been extended for another twelve (12) months.

Karmin Exploration Inc. (TSX VENTURE:KAR) reported it has been advised by Ignite Energy Resources Pty Ltd that Ignite has entered into a binding heads of agreement with Solid Energy New Zealand Ltd that Ignite expects to lead to a licensing agreement between the two parties.

Rodinia Oil Corp. reported it has obtained a receipt for its final prospectus filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador, and has entered into an agency agreement for its initial public offering of 52,500,000 units at a price of $1.00 per unit for gross proceeds of $52.5 million.

Tethys Petroleum Limited (TSX:TPL) reported that the company had commenced drilling the AKD03 (Dione) exploration well in Kazakhstan.