Brownstone Energy: Operational Update on Colombian Operations
Brownstone Energy Inc. (TSXV:BWN) provided operational update on its Colombian operations.
Archive for February, 2012
Open Range Energy Reports 1,350 Barrels of Oil at Montney Well
Open Range Energy Corp. (TSX:ONR) reported 1,350 barrels of light oil from the Montney horizontal well at Waskahigan.
Oil Dropped 78 Cents Due to Crude Oil Inventories Rise
Reuters reported that oil dropped 78 cents as due to an increase in crude oil inventories.
Pennant Energy Inc. Reaches Agreement with its Partners to Pool Bigstone Lands
Pennant Energy Inc.(TSXV:PEN) has reached an agreement with its partners to pool a single section of the Bigstone property lands. The pooling of the land will help develop utilization to reach horizontal wells. Drilling is expected to commence on March 2nd.
Blackbird to Hold Undivided 12.5% Pooled Interest in the Pooled Lands Agreement with Trilogy Energy and TAQA North
Negotiations have been completed and the “Cross-Conveyed Pooling and Participation Agreement” has been signed to pool the P&NG rights in the Triassic Montney formation held by Blackbird Energy Inc. (TSXV:BBI) and partners. Blackbird will hold an undivided 12.5% pooled interest in the Pooled Lands and will participate as to a 12.5% working interest in the development of the Pooled Lands, which may potentially include drilling up to four extended reach Joint Wells on the Pooled Lands.
Primary Petroleum Sells Non-Core Assets for $3,400,000
Primary Petroleum Corporation(TSXV:PIE) announced updates on the Saturn Prospect in Daniels County after the completion of its annual review of non-core assets. The Company approved the divestiture of the Saturn Prospect for $3,400,000. Primary Petroleum is focusing on its Southern Alberta Basin prospect for the remainder of 2012.
Samoth Oilfield File Annual Reserves for 2011
Samoth Oilfield Inc. (TSXV:SCD) has filed the annual reserves for 2011.
Carrizo Oil & Gas: 2011 Fourth Quarter Financial Results
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) reported its 2011 fourth quarter financial results.
Oil Falls a $2.02 as U.S. Durable Goods Orders Drop
Bloomberg reported that oil dropped $2.02 as U.S. durable goods orders inched down.
Oil Declined 66 Cents to $107.90
Bloomberg reported oil declined 66 cents to $107.90 due to speculation over rising U.S. stockpiles.
