Canadian Oil

[december]

is this a tsxv deal?

[Tackler]

Tajzha Ventures partner spuds natural gas test well

2007-03-09 05:49 MT - News Release

Mr. Ronnie Doman reports

TAJZHA PROVIDES UPDATE ON NORTHEASTERN BC TEST WELL

Tajzha Ventures Ltd. is releasing an update on the natural gas test well located in northeastern British Columbia. Tajzha has been advised by the operator that well rig up is complete and that the well spudded on March 7, 2007.

The test well is considered a high-impact opportunity for Tajzha, and the budgeted cost of Tajzha's share of drilling and casing costs is $320,000.

Drilling and evaluation of the well are expected to take up to 45 days.

By participating in the test well, Tajzha will earn a 10-pr-cent working interest in the exploration block consisting of approximately five sections of land. Tajzha will pay 11.67 per cent of the costs of the test well to earn a 10-per-cent working interest in the well. Any subsequent wells in the exploration block will be on a straight-up working interest basis. Tajzha has the opportunity to participate in four additional exploration blocks on the same terms as the initial exploration block. These four additional blocks consist of approximately three, three, six and six sections of land. Tajzha must participate in the first well on each option block to earn into the land in that block.

[sumisu]

Dejour's First Drake Well Tests at 930 MCF Per Day

Monday April 9, 2:56 pm ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Enterprises Ltd. ("Dejour") (TSX VENTURE:DJE - News), (OTCBB:DJEEF - News),(FWB:D5R): Robert L. Hodgkinson, Chairman & CEO is pleased to announce, further to the release of April 2, 2007, that drilling activity conducted by Dejour Energy, Alberta is continuing as planned with five operations currently underway.

Drake Prospect Discovery

Dejour has successfully drilled 2 wells on the Company's 1500 acre, 100% working interest ("WI"), owned Drake prospect. The wells were drilled to the Notikewin formation and production pipe was set on both. The first well was perforated without stimulation and tested flow rates averaging 930 thousand cubic feet per day (MCF/D). Dejour's geologists report that the logs of the second well appear equal to or better than the first. Due to the advent of road bans now in effect in this northern part of the Peace River area, testing of the second well, following stimulation, will occur directly into production lines to be laid when ground conditions permit.

Dejour estimates it will realize combined daily production flow rates ranging from 1500-2000 MCF/D net to its 100% before payout WI from these wells. After payout, Dejour will retain a 60% WI. Production flow rates may differ from test flow rates.

(One MCF is roughly equivalent to 1mmBTU which is the quoted gas contract on the New York Mercantile Exchange (NYMEX). Current price is approximately US$7.65 per mmBTU).

Expansion plans include the licensing of 2 additional locations to be drilled later in the year (100% WI) to test the same Notikewin sands, which is the major producer in this Drake area of the Peace River Arch (over 207 wells producing over 46 BCF gas since 2001). There are deeper formations that may be a target for further gas accumulations. The decision to test these will follow interpretation of available 3D seismic.

Dejour holds drilling rights averaging 22% to over 45,000 additional acres of O&G lands in the hydrocarbon-rich Peace River Arch region of NW Alberta/NE British Columbia. These holdings are in addition to its key interests in almost 300,000 gross acres of natural gas leases in the Piceance-Uinta Basin of Colorado/Utah; a controlling interest in publicly traded and well capitalized Titan Uranium (TSX VENTURE:TUE - News) currently valued at CDN $50 million, plus a 10% carried interest and a 1% NSR in almost 1 million acres of prime Athabasca Basin uranium exploration lands - the world's #1 uranium address.

Charles E. Dove is the qualified person for the Peace River Arch prospect.

About Dejour

Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil & gas exploration with a significant investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns.

The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to www.dejour.com for company details or contact the Office of Investor Relations at [e-mail]

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact:
Dejour Enterprises Ltd.
Robert L. Hodgkinson, Chairman & CEO
604-638-5050
Facsimile: 604-638-5051
[e-mail]

--------------------------------------------------------------------------------
Source: Dejour Enterprises Ltd.

http://biz.yahoo.com/bw/070409/20070409005758.html?.v=1

[janetcanada]

Good morning Tacler, I see that. Looks like is Uranium time........

Happy Easter

All the best

janet

[Tackler]

GUL landing...

[Tackler]

Close to the market...

Natural Gas Supplies Only Sufficient for 1/3 of Installed Capacity

By David Harman
04 Apr 2007 at 08:53 AM GMT-04:00

SHANGHAI (Intefax-China) -- China’s natural gas supply has failed to keep up with the expansion of gas-fired power plants, leading to a significant waste of resources, said an expert with the China University of Petroleum at an industry conference in Beijing.

"Only one-third of the installed capacity can be put into operation this year," according to Liu Yijun, a natural gas expert with the university. The university is a top industry research organization.

According to Liu, China’s aggregated installed capacity of natural gas power plants requires an annual natural gas supply of 30 to 50 billion cubic metres (bcm), exceeding the resources available in the domestic market for power generation.

"Though the government has put a limit on natural gas power project development, there has already been a good amount of investment capital injected into projects under construction, and [investors] are unlikely to reverse their plans," said Liu.

China National Petroleum Corp., the country’s top oil and gas producer, produced a total of 44 bcm last year.

In addition to power generation, residential and industrial demand for natural gas is also soaring, due to a runaway economy and the government’s campaign to increase its involvement in the country’s energy consumption, said Liu.

China is not rich in natural gas resources. With reserves of 2.27 trillion cubic metres (tcm), it ranks 15th in the world. Russia's 47.57 tcm of gas reserves are the world’s largest.

Today, China National Petroleum Corporation (CNPC), the parent of PetroChina Co Ltd (HK 0857), has set a 2007 natural gas output target of 54 bcm, up from 44.5 bcm in 2006.

China raised citygate natural gas prices by 13.27%to 1.28 yuan per cubic metre in August 2005.



Commentary

Given China’s limited domestic resources, this new plant capacity was always going to rely upon increased import of natural gas.

In the next decade, domestic reserves will be supplemented by expected imports of 60 to 80 bcm per year from Russia alone.

When China’s substantial LNG import contracts are added into the equation, the over capacity scenario doesn't look so disturbing.

© Interfax-China 2007.

[Tackler]

Dead cat bounce?

[Tackler]

CDH ...

[Ed Monton]

STY

[johnlw]

KEE would have worked as a Tax Loss Candidate eh?

http://www.investorshub.com/boards/read_msg.asp?message_id=15680989

[Tackler]

KEE ...

[Tackler]

Post says Talisman gets excited about Vietnam

2007-03-23 07:29 MT - In the News

The Financial Post reports in its Friday edition encouraging drilling result offshore Vietnam has Talisman Energy talking about the potential for its first commercial project in the Southeast Asian country. The Post's Jon Harding writes Talisman said Thursday it drilled a successful follow-up well at its Hai Su Trang discovery, demonstrating that the neighbouring and massive Te Giac Trang field. The field was found in 2005 by a partnership of other companies and extends beneath Talisman's block. Talisman's Hai Su Trang discovery and the Te Giac Trang find are about 75 kilometres off Vietnam's east coast. "Although we're still in the appraisal stage, these drilling results have given us come confidence that we are looking at our first commercial discovery here," Talisman chief executive officer Jim Buckee. The partners in Te Giac Trang, which in translation means White Rhino, said previously they believe they are sitting on 300 million barrels of oil, although the estimate has not been confirmed by independent sources, according to international energy consultancy Wood Mackenzie. The Te Giac Trang discovery two years ago sparked a rush of new exploration to a previously overlooked area.

[Tackler]

Talisman Energy arranges 104.73-million-share buyback

2007-03-26 13:39 MT - News Release

Mr. David Mann reports

TALISMAN ENERGY RENEWS NORMAL COURSE ISSUER BID

Talisman Energy Inc. has made the necessary filings in order to continue to purchase its common shares from time to time in accordance with the normal course issuer bid procedures under Canadian securities laws.

During the 12-month period of Talisman's previous normal course issuer bid up to March 18, 2007, the company purchased a total of 50,807,800 common shares at an average price of $18.84 per share.

Pursuant to a notice filed with the Toronto Stock Exchange, Talisman may purchase for cancellation, during the 12-month period commencing March 28, 2007, and ending March 27, 2008, up to 104,732,244 of its common shares, representing 10 per cent of the public float of approximately 1,047,322,438 common shares outstanding as at March 19, 2007. As at March 19, 2007, there were approximately 1,048,518,305 common shares issued and outstanding in total. The purchases will be made through the facilities of the Toronto Stock Exchange and the New York Stock Exchange. The purchase and payment for the common shares will be made by the company in accordance with the policies of the exchange through which the common shares are purchased.

Talisman's primary objective is to increase shareholder value by delivering growth in reserves and production volumes per share. While successful exploration and development are the best value generators in the upstream oil and gas business, Talisman also advances this objective through the purchase of its own shares.

[Tackler]

TLM ...

[sumisu]

Dr. Jinsheng Chen Joins West Hawk

Friday March 30, 2:39 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 30, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is extremely pleased to announce that Dr. Jinsheng Chen has joined the company as President of China Operations. Dr. Chen has also been appointed to the Board of Directors of West Hawk Development Corporation.

Dr. Jinsheng Chen will be responsible for China activities. He will also take a major role in the development of the Colorado East and Northwest Territories coal gasification projects. He will also oversee all associated activities with the Luan Mining Group in Shanxi Province, P.R. China.

Dr. Chen recently worked for Asian American Coal Company as Vice President of Business Development. Prior to this assignment, Dr. Chen worked for Foundation Coal Company, RAG American Coal Inc., and Cyprus Amax Minerals Corporation in various business development, sales, management and engineering roles.

Dr. Chen received his undergraduate B.S. degree in Mining Engineering from Jiaozuo Mining Institute, Jiaozuo City, Henan Province, P.R. of China. He also received his M.S. degree in Mining Engineering from West Virginia University, and his Ph.D. from West Virginia University in Mineral Engineering. Dr. Chen received the honor of "The Institution of Overseas Award" from the institution of mining engineers, London, UK in March 1993. He is a member of the Society for Mining, Metallurgy and Exploration, USA.

"I have known and worked with Dr. Jinsheng Chen for over 15 years and he is one of the finest people that I know, is action oriented and is an extremely hard worker. When he decides to do something it always gets done. Dr. Chen has played a major role in closing the Luan Mining Industry (Group) transaction. All of our directors are extremely proud to have Dr. Chen on board and look forward to working with him," said Dr. Wm. Mark Hart, President, CEO and Co-Chairman.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President, CEO, and Co-Chairman

Chris Verrico, Co-Chairman

Additional information is available on our website at www.westhawkdevelopment.com.

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Tulita coal property in the Northwest Territories; the Groundhog coal property located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Contacts:
West Hawk Development Corp.
Dr. Wm. Mark Hart
President, CEO, and Co-Chairman
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.westhawkdevelopment.com

--------------------------------------------------------------------------------
Source: West Hawk Development Corp.

http://biz.yahoo.com/iw/070330/0233278.html

[sumisu]

West Hawk Finalizes Luan Transaction

Friday March 30, 11:42 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 30, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is pleased to announce that the West Hawk Energy, USA financial transaction has been approved by the Luan Mining Industry (Group) and the Chinese government authorities, and the funds are in the process of being transferred.

"This marks the continuation of a strategic relationship with a company that has the same vision as we do" said Dr. Wm. Mark Hart, President and CEO, West Hawk Development. "We share the vision that the utilization of coal as a clean energy source will provide for the continued and sustained standard of living for an energy hungry world. Our focus is getting the feedstock, coal or gas, into a gaseous state and using it as the market demands".

Chairman Ren, of the Luan Mining and Industries Group said "We are looking forward to a long and lasting relationship with West Hawk Development Corporation. The gasification products from coal will play a significant role in meeting the world's energy needs. Coal is the world's most abundant fossil fuel and gasification coupled with the recovery of valuable by-products will provide for a clean energy future".

The entire Board of Directors and the executive management team look forward to working with Chairman Ren and the Luan Mining Industries Group.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President, CEO, and Co-Chairman

Chris Verrico, Co-Chairman

Additional information is available on our website at www.westhawkdevelopment.com.

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Tulita coal property in the Northwest Territories; the Groundhog coal property located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Contacts:
West Hawk Development Corp.
Dr. Wm. Mark Hart
President, CEO, and Co-Chairman
[phone]

West Hawk Development Corp.
Chris Verrico
Co-Chairman
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.westhawkdevelopment.com

--------------------------------------------------------------------------------
Source: West Hawk Development Corp

http://biz.yahoo.com/iw/070330/0233191.html

[kraftdinner]

Real Resources looks into merger or sale


2007-03-29 22:58 MT - News Release

Mr. Lowell Jackson reports

REAL RESOURCES PROVIDES 2007 GUIDANCE AND ANNOUNCES PLAN TO EXPLORE STRATEGIC ALTERNATIVES

Real Resources Inc. today provided 2007 guidance for production, cash flow and capital spending, and announced that the board of directors has initiated a formal process to explore alternatives in an effort to enhance shareholder value.

Real Resources anticipates oil and gas production for 2007 to be in the range of 11,500 to 12,000 barrels of oil equivalent per day, compared with 11,100 barrels of oil equivalent per day in 2006. In January, 2007, the company's production was approximately 11,400 barrels of oil equivalent per day. Natural gas volumes have been converted to barrels of oil at 6,000 cubic feet per barrel.

Cash flow for 2007 is expected to be in the range of $110-million (based on $55 (U.S.) West Texas Intermediate and $7.40 (Canadian) AECO) to $140-million (based on current strip prices), compared with $113.1-million in 2006. Capital spending for 2007 is estimated to be approximately $100-million, down 57 per cent, from $231.7-million in 2006.

"We are committed to enhancing value for Real Resources shareholders," said Lowell Jackson, president and chief executive officer. "Despite a difficult year in 2006, we continue to believe that Real Resources has valuable assets with significant long-term growth potential. We are working hard to execute our 2007 plan, while at the same time, exploring other alternatives for delivering value to our shareholders."

The company has engaged CIBC World Markets as its exclusive financial adviser to assist the company to identify and consider strategic alternatives and their potential to enhance shareholder value, including a possible merger, amalgamation, reorganization, or sale of some or all of the assets or any other alternative which may be in the best interest of Real Resources shareholders. There can be no assurance that a transaction of any kind will result.

As previously stated in the March 15, 2007, news in Stockwatch, Real Resources announced three new pool discoveries drilled in the first quarter, all of which have follow-up development drilling opportunities. Total capital expended in the first quarter is projected to be $31-million, which will approximate cash flow. For the remainder of the year, the company plans to drill 61 wells. Real Resources' current defined prospect inventory is in excess of 1,000 wells.

As of the end of 2006, Real Resources' net debt totalled $157.2-million. This included a working capital deficiency of $24.8-million and $132.4-million drawn down from a $185-million extendible revolving term credit facility with Real Resources' banking syndicate, which is made up of three Canadian chartered banks.

Real Resources expects to use cash flow from production to finance the 2007 capital program. Compared with 2006, Real Resources will reduce its capital expenditures on the acquisition of land and seismic and will focus its efforts on developing the numerous opportunities in its existing portfolio. Real Resources' 2007 capital spending objectives include increasing production from current levels while at the same time increasing reserves, thereby enhancing asset value.

Real Resources estimates that its Dec. 31, 2006, net asset value, as disclosed in its March 15, 2007, news in Stockwatch, is $622.8-million, equivalent to $16.05 per basic share outstanding and $15.98 per fully diluted share outstanding. The net asset value assumes $622.8-million as the before-tax net present value of proved-plus-probable reserves discounted at 10 per cent, plus $84.2-million for undeveloped lands and $73-million for seismic data, less $157.2-million of net debt. Sproule Associates Ltd. provided the economic reserves evaluation, Seaton-Jordan & Associates Ltd. provided the undeveloped lands estimate and Boyd Exploration Consultants Ltd. provided the seismic data estimate, each as of Dec. 31, 2006.

We seek Safe Harbor.

[johnlw]

wow

[oasdihf]

Late oil spike hits futures
Tue Mar 27, 2007 6:00 PM EDT

By Ellis Mnyandu

NEW YORK (Reuters) - U.S. stocks fell on Tuesday after a weak consumer confidence report fueled concerns the housing slowdown could spread into the broader economy and hurt profits.

After the closing bell, U.S. crude oil futures spiked up $5 a barrel on geopolitical concerns tied to Iran, sending U.S. stock futures sharply downward in electronic trading.

For a brief instant shortly before 5 p.m. EDT (2100 GMT), U.S. crude for May delivery surged to $68.09 per barrel, its highest level since September 6, 2006, but later pulled back to around $64.50.

Asked to comment after the price spike, a U.S. Navy official told Reuters there was nothing to substantiate a rumor of an Iranian military strike on a U.S. vessel in the Gulf.

The White House also said there was nothing to indicate any military incident taking place regarding Iran.

Nonetheless, analysts said the run-up in crude prices suggested investors were on edge about Iran following Tehran's capture of 15 British military personnel four days ago.

"Iran is a major concern," said Peter Dunay, investment strategist at Leeb Capital Management in New York.

"That larger move in oil, which is nearly 8-9 percent in a single tick, is a definite shock that the market. It's certainly going to be unnerved by it," he added.

S&P 500 futures <SPc1> were down 3.10 points, below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures <DJc1> were down 49 points and Nasdaq 100 <NDc1> futures were down 7.25 points in electronic trade after the closing bell.

In regular trading on Tuesday, the Dow Jones industrial average <.DJI> dropped 71.78 points, or 0.58 percent, to finish at 12,397.29. The Standard & Poor's 500 Index <.SPX> slid 8.89 points, or 0.62 percent, to end at 1,428.61. The Nasdaq Composite Index <.IXIC> lost 18.20 points, or 0.74 percent, to close at 2,437.43.

Online source:
http://today.reuters.ca/news/newsArticle.aspx?type=businessNews&storyID=2007-03-27T220036Z_01_N2...

[kraftdinner]

TRUE ENERGY TRUST PROVIDES Q1 2007 OPERATIONAL UPDATE

True Energy Trust is providing the following operational update. True has had an active start to the year, initiating an estimated $50-million of projects in the first quarter and the disposition of $19.4-million of non-core properties. Capital was deployed in west-central Alberta, primarily focused on the company's multizone, liquids-rich drilling inventory, and in Kerrobert in west-central Saskatchewan, primarily related to the SAGD project. Highlights for the quarter include:


4,700 barrels of oil equivalent per day of new production, of which 600 barrels of oil equivalent per day are currently producing, with the remainder to be tied in throughout 2007;
seven new pool discoveries -- six in Alberta and one in Saskatchewan;
33 wells drilled with a success rate of 97 per cent;
tax pools in excess of $500-million;
1.1 million gross acres of undeveloped land; and
in excess of 600 drilling locations identified.

Drilling and completions

Drilling success year to date is 97 per cent, with True having participated in 33 gross wells (23.6 net), 20 of those (19.5 net) being operated. Sixteen wells were cased as gas wells, 14 as oil wells, two as potential disposal wells, and one non-operated dry and abandoned.

West-central Alberta was True's most active area in the first quarter. Operated and non-operated activity has resulted in the addition of significant field-tested volumes that will come on during the remainder of 2007. This area delivers multizone, liquids-rich gas production. True and its partners are actively working toward bringing this gas on-line. Test rates on those wells completed have ranged between 150 gross barrels of oil equivalent per day and 1,500 gross barrels of oil equivalent per day per well, averaging 550 barrels of oil equivalent per day (350 net barrels of oil equivalant per day). Current spring breakup conditions will defer capture of some of the volumes to later in 2007. Six of the wells are at various stages of tie-in and should contribute significantly to the second quarter 2007 production volumes. True found six new pools in Alberta during the first quarter of 2007, all of which have development opportunities. In addition, True drilled a horizontal well in the Rock Creek formation to further test multistage well fracture stimulation technology. Final rates prior to shutting in the well for buildup were in excess of 700 barrels of oil equivalent per day (500 net barrels of oil equivalent per day). Initial data suggest that the well's performance will be similar to True's best-producing horizontals in the area. More significant are the learnings captured and the confidence gained in further applying this completion methodology to its large inventory of west-central Alberta tight gas. This well is anticipated to be tied in during the next 30 days. In total, the west-central Alberta drilling program increased capability from the region by approximately 2,500 barrels of oil equivalent per day.

In Kerrobert, True has completed its initial campaign of five cold producers and four thermal wells. All five cold producers are on-line, currently averaging 95 barrels per day per well. The four thermal wells are cased, and awaiting equipping prior to the conversion and subsequent steaming of the paired injectors. Execution of the SAGD project is on track, with expected steam injection for phase 1 to commence at the end of the third quarter. Material rate impact is anticipated from the thermal wells during late fourth quarter, 2007, and early first quarter, 2008. Depending on 2007 capital budget levels, there is an additional round of cold producers slated for the fourth quarter of 2007, further delineating and developing a recently identified western extension of the pool. The Kerrobert heavy oil area, including current thermal production, is delivering 2,300 barrels per day. Production at year-end 2007 is anticipated to be approximately 4,300 barrels per day to 5,000 barrels per day. Along with the Kerrobert activity, True discovered a new pool heavy oil pool and an extension to its light oil Viking discovery of last year. The light oil extension could lead to 20 drilling locations for the 2008 drilling program.

Case Caulfield, vice-president of exploration, commented, "This is the most successful program True has had from an exploration and development point of view in its history."

Production guidance

True reiterates its guidance of approximately 19,000 barrels of oil equivalent per day for first quarter of 2007 production and 20,500 barrels of oil equivalent per day of average annual production for 2007, up from 13,861 barrels of oil equivalent per day in 2006. With $70-million left to be spent throughout the remainder of 2007, and the exceptional results of the first quarter, True is well positioned to exceed the current targeted exit rate. These volumes take into account impact from extreme winter conditions, early spring breakup, natural production declines and curtailment of offset production while executing the Saskatchewan drilling campaign.

Dispositions

During the quarter, the company entered into two separate agreements to sell non-core properties anticipated to close prior to the end of March, 2007. These asset sales in central Alberta will generate approximately $19.4-million, subject to standard industry adjustments and final closing. The properties sold have combined production of approximately 320 barrels of oil equivalent per day. True continues to offer approximately 950 barrels of oil equivalent per day of additional production through the packages outlined on the Tristone Capital Inc. website. These sales may occur during the second quarter of 2007. All the proceeds of these dispositions will be applied to current bank indebtedness. The board and management are committed to a year-end total debt target of $200-million, comprising $120-million, including bank debt, working capital and $80-million of convertible debentures. This would be in line with True's targeted ratio of 1.3 times total debt to cash flow.

In summary

Over all, True is very encouraged by its first quarter results. "The results are indicative of the potential of True's asset base when higher levels of capital are applied," says Paul Baay, president and chief executive officer of True. Remaining 2007 capital will be further clarified once the annual and special meeting of unitholders scheduled for March 30, 2007, is complete. Initial estimates of capital efficiency appear to be better than corporate guidance of $16,500 to $18,000 per flowing barrel of oil equivalent per day. True would also like to reiterate its previously announced hedges, details of which can be found on its corporate website, providing further cash flow protection through 2007.

The board of True would like to thank all employees for their exceptional work and dedication, which have resulted in these production additions during what has turned out to be a very demanding time for True.

True has the structure, systems and engineering, geoscience, land and business expertise in place to continue to grow, and take advantage of its significant undeveloped land base, multiyear drilling inventory and substantial tax pools. True encourages all unitholders to vote for the upcoming special and annual meeting. For any questions regarding the reorganization or how to fill out the proxy, please contact Kingsdale Shareholder Services Inc.

We seek Safe Harbor.

[sumisu]

West Hawk Development Corp. Finalizes Sales and Transportation Agreements with Encana Oil and Gas

Wednesday March 21, 2:12 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 21, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is pleased to announce that West Hawk Energy, USA, has finalized and signed a sales and marketing agreement and a transportation agreement with EnCana Oil and Gas (USA) for EnCana to purchase all of the gas produced from the Company's Figure 4 project. The agreement, which is effective immediately, allows West Hawk Energy, USA, the option to nominate either the Colorado Interstate Gas (CIG) Hub or the Cheyenne Hub as the point of sale. West Hawk will receive the nominated hub price less $0.10 or $0.25 per MCF at the respective hub for Encana to transport and sell the gas. The agreement also allows the Company the option to nominate a portion of the gas for sale to an end user.

John Reeves, Jr., CEO, West Hawk Energy, USA, stated, "This is a major milestone in the development of the Figure 4 project. To have an off-take agreement with the largest gas company in North America to take all of the gas ensures additional long term security for the project."

Drilling of the project's second well is at an 8,230' depth, and is on budget for both cost and drilling time. The project's first well is undergoing completion at this time, and construction of the third well pad is underway.

As an update on the transaction with the Lu'An Mining Industry Group, who agreed to purchase a 25% interest in the project, the deal is projected to be closed as early as this Friday and at the latest by next Tuesday according to discussions between West Hawk's Board of Directors and Dr. Chen from Beijing, China yesterday.

Additional information will be available on our website at http://www.westhawkdevelopment.com.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President, CEO and Co-Chairman

Chris Verrico, Co-Chairman

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Tulita coal property in the Northwest Territories; the Groundhog coal property located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Contacts:
West Hawk Development Corp.
Dr. Wm. Mark Hart
President, CEO and Co-Chairman
[phone]

West Hawk Development Corp.
Chris Verrico
Co-Chairman
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.westhawkdevelopment.com

--------------------------------------------------------------------------------
Source: West Hawk Development Corp.

http://biz.yahoo.com/iw/070321/0229441.html

[Tackler]

Tango Energy reserves increase to 2,511 mboe in 2006

2007-03-22 05:17 MT - News Release

Mr. John Gunn reports

TANGO RELEASES YEAR-END RESERVES AND OPERATIONS UPDATE

Oil and gas reserves

Tango Energy Inc.'s proved plus probable petroleum and natural gas reserves (net before royalty) increased 44 per cent, after production, to 2,511 thousand barrels of oil equivalents as at Dec. 31, 2006. Net reserve additions, after production, were 770 thousand barrels of oil equivalent, which replaced approximately 735 per cent of Tango's production volumes during 2006. Finding and development costs, on a proven only basis, including future capital and net of revisions, were $29.57 per barrel of oil equivalent. Finding and development costs, on a proven and probable basis, including future capital and net of revisions, were $19.51 per barrel of oil equivalent.

Tango's reserves for the year ended Dec. 31, 2006, were evaluated by Paddock Lindstrom & Associates Ltd., and were calculated in accordance with National Instrument 51-101 (NI 51-101).

The following tables provide information on Tango's petroleum oil and gas reserves and the present value of the estimated future net cash flow associated with such reserves as at Dec. 31, 2006. The information set forth below is derived from the Paddock Lindstrom report, which has been prepared in accordance with the standards contained in the COGE Handbook and the reserves definitions contained in National Instrument 51-101 and the COGE Handbook. It should not be assumed that the estimated future net cash flow shown below is representative of the fair market value of the Corporation's properties. There is no assurance that such price and cost assumptions will be attained and variances could be material. "Gross" reserve quantities include the company's share of reserves before royalty plus royalty income volumes. "Net" reserve quantities include the Company's share of reserves after royalty plus royalty income volumes.

 
                         SUMMARY OF OIL AND GAS RESERVES 
                  AND NET PRESENT VALUES OF FUTURE NET REVENUE 
                 AS OF DEC. 31, 2006, FORECAST PRICES AND COSTS 
  
                                                  RESERVES 
  
                                Light and       Natural       Natural gas 
                               medium oil         gas           liquids 
 Reserves category          gross     net   gross     net   gross     net 
                            (mbbl)  (mbbl)  (mmcf)  (mmcf)  (mbbl)  (mbbl) 
 Proved 
 Developed producing            -       -   3,970   3,215      47      32 
 Developed non-producing        -       -   3,609   2,367      25      16 
 Undeveloped                    -       -       -       -       -       - 
 Total proved                   -       -   7,579   5,582      72      48 
 Probable                       -       -   6,510   4,965      88      59 
 Total proved plus probable     -       -  14,089  10,547     160     107 
  
                                 NET PRESENT VALUES OF FUTURE NET REVENUE 
                                     BEFORE INCOME TAXES DISCOUNTED AT 
                                                 (%/year) 
  
                                      0       5      10      15      20 
 Reserves category                 (mm$)   (mm$)   (mm$)   (mm$)   (mm$) 
 Proved 
 Developed producing             24,904  18,817  15,331  13,082  11,507 
 Developed non-producing         13,537  11,369   9,841   8,687   7,776 
 Undeveloped                          -       -       -       -       - 
 Total proved                    38,441  30,186  25,172  21,769  19,283 
 Probable                        33,629  20,553  14,220  10,460   7,975 
 Total proved plus probable      72,070  50,739  39,392  32,229  27,258 
  
                               NET PRESENT VALUES OF FUTURE NET REVENUE 
                                   AFTER INCOME TAXES DISCOUNTED AT 
                                                (%/year) 
  
                                      0       5      10      15      20 
 Reserves category                 (mm$)   (mm$)   (mm$)   (mm$)   (mm$) 
 Proved 
 Developed producing             23,326  18,019  14,887  12,817  11,341 
 Developed non-producing          9,461   7,895   6,794   5,964   5,308 
 Undeveloped                          -       -       -       -       - 
 Total proved                    32,787  25,914  21,681  18,781  16,649 
 Probable                        23,831  14,380   9,775   7,033   5,218 
 Total proved plus probable      56,618  40,294  31,456  25,814  21,867 
 

Forecast product prices and operating costs were escalated at a rate of 2.0 per cent per year beyond 2011. The exchange rate used for the United States/Canadian dollar was 0.87. The forecast prices presented above utilize Paddock Lindstrom's price forecast as at Dec. 31, 2006.

Additional reserve information as required under National Instrument 51-101 will be included in Tango's 51-101F1, 51-101F2 and 51-101F3 which will be filed on SEDAR (see Stockwatch SEDAR files).

Operations update

Tango is pleased to announce that current production levels have increased by more than 50 per cent from previously announced exit rates of 500 barrels of oil equivalent per day to current levels which are in excess of 750 barrels of oil equivalent per day. Additional production volumes are expected from the tie in of the Ricinus 6-9 well prior to the end of March, 2007, as well as from optimization initiatives which are currently under way.

At Hanlan, the 14-35 well has been placed on production and is currently producing in excess of 10 million cubic feet per day of raw gas. Tango has a 28-per-cent working interest in this well, subject to a 12.5-per-cent non-convertible overriding royalty.

At Kakwa, the 13-1 Swan Hills well has been drilled to total depth. The well was acidized during the first week of March, and testing operations were not completed due to wildlife constraints which required all of the equipment to be removed from the lease prior to March 15. As a result, the well has been suspended pending further evaluation of the pressure data. Tango has a 30-per-cent working interest in this well.

At Ricinus, the 6-9 well has been tied in and is expected to come on production prior to the end of March, 2007. Tango has a 67.5-per-cent working interest in this well. Additionally, Tango acquired an additional six sections offsetting this discovery at the March 7 land sale at an average 67.5-per-cent working interest.

At Quaich, the 3-3 well has been successfully tested and evaluated. The operator is in the process of constructing a new pipeline into the area during 2007, which is expected to result in additional opportunities on company-owned lands.

Outlook

Tango continues its strategy of pursuing re-entry candidates in west-central Alberta where it has identified gas potential in previously drilled wellbores. As well, it will follow up on previous discoveries with additional drilling, tie-in and land acquisition activities. Crown land sales will continue to be an integral part of Tango's strategy in the future. Access to quality services and field personnel and reasonable prices will likely continue to be a challenge for Tango, as well the oil and gas industry in general.

[sumisu]

Bulldog Resources Announces Substantial Light Oil Reserves Growth and 2006 Year End Results

Tuesday March 20, 12:24 am ET

CALGARY, ALBERTA--(CCNMatthews - March 20, 2007) - Bulldog Resources (TSX:BD - News) is pleased to announce its operational and financial results for our first full year of operations in 2006. Bulldog's growth has been driven by successful exploration and exceptional execution in the development of new light oil pool discoveries.

[continued in following link]

http://biz.yahoo.com/ccn/070320/200703200379027001.html?.v=1

[johnlw]

Canaccord comment on SND.un

Sound Energy Trust (SND.UN : TSX : $3.86), Net Change: 0.41, % Change: 11.88%, Volume: 3,341,606
Will Ferrell plays Maria (Julie Andrews) in a remake of The Sound of Music. How lucky can we get? Sound reported Q4 and
year-end 2006 results. Q4 production was 10,536 boe/d. Q1 production levels are estimated at approximately 10,100 boe/d.
2007 production guidance is 10,200 boe/d. Sound estimates their payout ratio to average approximately 50% for the year. Based
on price assumptions of US$55.00/bbl WTI and $7.00/Mcf AECO, their cash flow projections for 2007 are $78.1 million. These
funds will enable to cover distributions of approximately $43.0 million and capital expenditures of $31.3 million without issuing
additional equity or increasing our debt levels. Year-end total net debt amounted to $113.0 million against an available bank line
of $146.5 million. Sound’s net asset value (NAV) based on a year-end report by the trust’s independent engineers, GLJ
Petroleum Consultants is $5.05 (PV10%) per unit. That’s over 20% below the reported NAV.

[kraftdinner]

Talisman JV drills "significant" well in B.C. foothills


2007-03-13 07:00 MT - News Release

Dr. Jim Buckee reports

TALISMAN ENERGY MAKES SIGNIFICANT GAS DISCOVERY IN NORTHERN BC FOOTHILLS

Talisman Energy Inc. has drilled a successful natural gas well in the foothills area of northeastern British Columbia with Husky Oil Operations Ltd. (50 per cent). The Talisman Husky Federal d-28-H/94-B-7 well tested at restricted rates of 21 to 25 million cubic feet per day (gross raw gas) with a flowing wellhead pressure of 2,300 pounds per square inch. The well is expected to commence production by November, 2007.

"This is an exciting result in a new area," said Dr. Jim Buckee, president and chief executive officer. "Using our extensive thrust-and-fold belt exploration experience, we have opened up a new high-potential area north of Monkman and we are well positioned from a land perspective."

The federal well was drilled along a new exploration fairway. The new discovery is approximately 100 kilometres north of Talisman's Monkman area. The company has identified two 100-per-cent opportunities on the structure, which it expects to drill in 2007 and 2008. Talisman holds rights to approximately 10,000 gross hectares in the region.

We seek Safe Harbor.

[Echelon]

Laurel Valley prospect to be drilled by several jr Canadian Firms, expect to spud next 2 weeks. Considered to be the top wildcat prospect in 2007.

"Buzzard look-a-like" located in the Outer Moray Firth with up to 600mmbbls ofrecoverable resource potential (in-house estimate)

Check out this video!!

http://www.webfilms.ca/gulf14.htm

ifr.to
gul.to
oil.to operator
EERG


http://www.internationalfrontier.com/s/Northsea-UKCS.asp?ReportID=164919


The Moray Firth is an east-west trending graben that extends from Scotland to the confluence of the Viking and Central Grabens of the North Sea.
The license covers an area of 250 sq kms, water depths average 400 feet.

The Laurel Valley prospect is defined by a proprietary 420 sq. km. long offset 3-D seismic program. Seismic interpretation has identified a large
stratigraphic trap, with three prospective reservoir targets: the Cretaceous Kopervik sands, the deeper Jurassic Birch, and Piper sands, that
combined, have the prospective resources of more than 370 million recoverable barrels (P50 un-risked).

All three reservoirs are sourced by the Kimmeridge Clay that was buried deep enough in the Renee Trough to be within the oil generation window.

The geologic model proposes short range migration (4km.) from the "oil kitchen" in the Renee Trough to the west where the sands pinch out up dip against the Halibut Horst. The reservoirs are then overlain by the Comer Knoll shales which provide an impermeable seal.

The Laurel Valley prospect has a direct analogue to the Scapa Field to the north and lies just to the north of Shell's recently developed Goldeneye Field. Numerous export options are available for any discovered oil.

Oilexco North Sea Limited has been appointed operator of Licenses P.1089 & P.1295. The Laurel Valley #1 well is scheduled to commence drilling in Q1, 2007.

[Arctec]

Calgary companies pursue Kurdistan oil
Ashok Dutta, CanWest News Service; Calgary Herald
Published: Friday, March 09, 2007
CALGARY - Two Calgary-based oil companies have made progress with upstream development plans for oil and gas concessions in the northern Iraqi region of Kurdistan.

Braving high security risks and tension in the Shia-Sunni divided Iraq, Addax Petroleum Corp. and Western Oil Sands Inc. are the flag bearers of Western oil companies doing business in Iraq. Addax Petroleum and Western Oil Sands aim to produce at least 200,000 barrels per day by 2009.

"(Availability of) opportunity is a key factor for Calgarian oil companies to go into Kurdistan," said Martin Molyneaux, senior analyst with Calgary's FirstEnergy Capital. "There are not many areas in the Middle East that allow upstream access to foreign companies."


Email to a friend

Printer friendly
Font: ****Barring Qatar, United Arab Emirates, Oman and Yemen, no other Persian Gulf state signs PSAs with international companies for their oil sector.

Addax Petroleum is more advanced - it announced in early March test flows of 26,550 bpd of light oil from TT-05, the second appraisal well drilled at its Taq Taq licence area. The 680-square-kilometre onshore concession is located 60 kilometres northeast of the giant Kirkuk, which by itself has a production capacity of nearly 1 million bpd.

Addax has formed a 45:55 joint venture with Genel Energie of Turkey to implement a 25-year production sharing agreement (PSA) it signed with the Kurdistan Regional Government in early 2004. Called Taq Taq Operating Company (TTOPCO), it will be the first international firm to produce crude oil in Kurdistan.

Iraqi Kurdistan is home to 25,000 million barrels of proven reserves and another 20,000 million barrels of probable reserves.

The Kurdistan Regional Government is seeking assistance of international oil companies to attain production capacity of 1million bpd by 2010/12.

"We aim to complete drilling a third well by late March," Les Blair, general manager of TTOPCO said Thursday from Turkey. "Evaluation of test flows in under way. Under the full-field development program, we are looking at a start-up production capacity of 200,000 bpd in 24 months."

In early March, Western Oil Sands announced that the KRG government had ratified an exploration and production sharing agreement (EPSA) it signed in May 2006.

Under the deal, WesternZagros Ltd - a 100 per cent-owned subsidiary of Western Oil Sands - will carry out an exploration program over a sizeable block, which lies in the Zagros fold belt. The next stage will involve geological studies and exploratory drilling.

"The final EPSA area encompasses 2,120 square kilometres and holds a number of potential prospects," a Western Oil Sands statement said.

Last year, it had stated a minimum contractual commitment of $45 million over the first four years.

"Should exploration prove successful, additional expenditures are anticipated," Western Oil Sands said.

The two Calgary companies are followed closely by DNO, which in 2004 signed two PSAs for the Tawke and Khanke concessions along the border with Turkey.

The Norwegian company is expected to start pumping crude by the summer at an initial rate of 15,000 bpd. It has also finalized development plans with the KRG, including the construction of an export pipeline and a central oil processing facility.

[e-mail]

Calgary Herald

[Tackler]

Globe/WSJ say Imperial parent chasing oil in Libya

2007-03-08 06:50 ET - In the News

The Globe and Mail reports in its Thursday edition that Exxon Mobil boss Rex Tillerson wants more access to Libya's vast oil fields. A Wall Street Journal dispatch to The Globe says Mr. Tillerson met with Libyan leader Moammar Gadhafi last month. The United States ended its official designation of Libya as a sponsor of terrorism last year. Exxon has a long history in Libya. It discovered the first oil field there in 1960. It left Libya in 1986 when Washington banned U.S. oil firms from investing there. Mr. Tillerson said he had a "great meeting. He was a very gracious, cordial host." Libya has emerged as a rarity in the world today. It is an oil-rich nation that is friendly to U.S. investment. While Exxon won exploration rights on two offshore blocks last year, other blocks were awarded to companies from Russia, Australia, Indonesia, Japan and China, as well as U.S. companies Occidental Petroleum and Hess. Libya has 40 billion barrels of oil deposits undeveloped. Observers say Exxon and others want to breathe new life into Libya's giant but aging oil fields. Expectations are for Libya to partner with a foreign company to redevelop these fields. Exxon wants to get in on the action.

[johnlw]

Good work, thx.

The Permolex guy...interesting

Thx

[Tackler]

TDI - SID D. JAYCOCK
http://www.winfieldresources.com/pdf/resume-sid-jaycock.pdf

[sumisu]

West Hawk Expects Gas Production to Exceed Best Estimates

Monday March 5, 3:05 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 5, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is pleased to provide the following update on the results of the geophysical logging of the Company's first well drilled in the Piceance Basin:

A complete suite of open hole geophysical logs for the first well have been processed and analyzed. This well's net recoverable prospective resources (gas) from the Mesaverde, Cameo, Rollins, Cozzette, Corcoran, and Castlegate zones is 5.1 BCF, exceeding prior estimates by a factor of three. Gustavson Associates' Figure Four Property 51-101 report previously determined that the single well P90 recoverable prospective resources were 1.7 BCF. Gustavson Associates has reviewed the foregoing results and has determined that the foresaid prospective resource determinations are reasonable.

A work-over rig is on site and well completion is underway. Gas production will commence after formations are hydraulically fracture stimulated, flowed back, and connected to the installed gathering system for immediate product delivery to market.

The Bronco #27 rig has begun drilling on the second well completing to date a depth of approximately 2,000 feet with the surface casing currently being installed.

Weir International, possibly the world's best recognized coal mining and engineering consulting firm, has been commissioned to write the 43-101 reports for West Hawk Development Corp.'s Tulita (Northwest Territories), Ellesmere Island (Nunavut), and Groundhog coal properties. After an initial submission of the Northwest Territories report to the British Columbia Securities Commission (BCSC), the report as per BCSC's comments is being finalized. The Nunavut and Groundhog reports are currently being written and will be submitted.

Dr. Wm Mark Hart has said, "The test results on the first well are very exciting for West Hawk's shareholders and management alike, reaffirming the company's vision to develop gas albeit from either deep wells or coal gasification."

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President & CEO, Co-Chairman

Chris Verrico, Co-Chairman

About the Company: West Hawk Development Corp. is focused on exploring for and developing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Contacts:
West Hawk Development Corp.
Mark Hart
President & CEO, Co-Chairman
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.westhawkdevelopment.com

--------------------------------------------------------------------------------
Source: West Hawk Development Corp.

http://biz.yahoo.com/iw/070305/0222701.html

[johnlw]

Well I am on the bid for more- sub $4. Looks to me like they got a sharp geo who is really in sync with the seismic data coming out of Sylvan.

clean oil sands production-this sounds interesting

Sold my RY and PWF last week , got antsy. Looking at MRD, never have had a reit.
Judging by the value of my portfolio the world is spinning off its axis.

Not sure if I could own a stock with symbol WWF. Keep getting these visions of the Junkyard Dog and the Undertaker.
The biomass in BC might be a good idea with the pine beetles. Think I posted an article on the Alt Energy thread about that.
Permolex in Red Deer is doing the ethanol thing with feed as a by product.
http://www.permolex.com/red3.asp
High Level is sure out of the way.
Can't find anything on this TDI TEchnology Inc. Wonder who they are?
Wonder where these guys are going to get their dough?
I hope the WWF board enjoys their two weeks in Libya-that's not for me.

JW

[kraftdinner]

Bad??? It looks really good.

Got a flyer in the mail from Jason Kenney who is my MP today.
"Canada is an emerging energy superpower. Our real challenge is to be a clean energy superpower...increase our use of renewable energy and we need the science and technology to make conventional energy cleaner.

...announced three initiatives aimed at addressing important sources of emissions and air pollutants and promoting the use of less energy and the use of cleaner energy. We are investing in clean energy technology, increasing renewable energy supplies, and energy efficiency improvements to homes and businesses.

New technologies are the key to solving two of our biggest environmental challenges - air pollution and greenhouse gas emissions...To meet them we need to develop the technologies of the future that will focus on key priorities, such as CO2 sequestration, carbon capture and storage and clean oil sands production.

...investing $230 million over 4 years to the ecoENERGY Technology Initiative.

...Renewable energy will be a growing part of Canada's energy mix and our investment of $1.5 billion will deliver real progress now in improving air quality...

...Canadians will now be able to access financial and other support measures through the ecoENERGY Efficiency Initiative."

Bought a financial stock last week and a REIT today - now the old man thinks the earth is spinning off it's axis.

Came across this morning and picked a little up just in case it actually starts one of their projects. First ethanol stock I have come across, lots of plans, no idea how they intend to accomplish any of this. WWF on the adventure.


Winfield to apply for two oil refineries


2007-03-05 03:56 MT - News Release

Mr. Robert Foley reports

WINFIELD RESOURCES LIMITED: MARCH REVIEW

Zarzis, Tunisia

Winfield Resources Ltd. has been invited by the Tunisian authority to present its application to build, own and operate a 300,000-barrel-per-day oil refinery in the Zarzis tax-free zone. Contingent to regulatory acceptance Winfield has negotiated crude oil feedstock contracts with Sonatrach, the Algerian state oil company. Winfield has arranged 100-per-cent debt financing subject to certain performance covenants. Winfield will be represented by president, Robert Michael Foley, Dr. Danilo Mancin, vice-president North Africa, and David McClement, PEng, consulting combustion engineer, March 8 to March 15, 2007.

Tripoli, Libya

Winfield has been invited by the National oil company to present its application to build, own and operate a 300,000-barrel-per-day oil refinery in the Zawarah tax-free zone. Winfield will be represented by Mr. Foley, Dr. Mancin and Mr. McClement, March 16 to March 21, 2007.

Winfield will also explore other refinery related investment opportunities, including an ownership position in the Azzawiya refinery.

High level Alberta ethanol -- feedlot facility

Winfield awaits a March, 2007, feasibility report from TDI Technology on a proposed new 20-million-litre-per-year integrated ethanol-feedlot facility. Winfield has received three expressions of interest to finance this particular facility and other similar facilities based on the integrated ethanol-feedlot model.

Northern British Columbia ethanol facility

Winfield's consultancy, TDI Technology Inc., has concluded its successful due diligence on a particular technology licence that uses wood waste as its feed stock to create fuel ethanol. Winfield will now engage TDI Technology Inc., to prepare a full feasibility report on a wood waste to ethanol facility for a Northern British Columbia location. Project finance is in place pending acceptance of the full feasibility report.

East Africa

Winfield has made application through its consultant TDI Technology to a certain European African Development Fund for a non-refundable grant to finance a renewable sustainable fuel ethanol facility using indigenous feed stocks. The fund is in accord with the application. Final acceptance requires the approval of the Rwandan government. A summit has been arranged for March 23 to 30, 2007, to consummate the deal within the transparency requirements of the fund. Winfield is seeking finance to build a 45-million-litre-per-year fuel ethanol facility. Existing facilities of this size or greater are currently in commercial production in Thailand.

We seek Safe Harbor.

[johnlw]

Doesn't look that bad does it??

The well encountered approximately 52 feet of net pay, averaging 8-per-cent porosity, from the Leduc formation. During the 48-hour testing period, the well flowed at an average rate of 900 barrels of oil equivalent per day. Alberta Clipper operates the well and holds a 50-per-cent working interest in the new pool.

450*$60=$27000/day gross, on the test rates.

And its down 10% on the day? Brutal times here.

I see I got another 2K at $4.26 while I was out today.
Caught the low....I hope it is a good thing.

JW

[johnlw]

Alberta Clipper Energy Inc (C-ACN) - News Release

Alberta Clipper tests light oil discovery in Alberta

2007-03-05 16:59 ET - News Release
Shares issued 40,869,119
ACN Close 2007-03-05 C$ 4.37

Mr. Kel Johnston reports

ALBERTA CLIPPER ENERGY INC. (ACN - TSX) ANNOUNCES A NEW LIGHT OIL DISCOVERY IN THE SYLVAN LAKE AREA OF ALBERTA

Alberta Clipper Energy Inc. has recently tested a new significant light oil discovery in the Sylvan Lake area of Alberta. This latest discovery brings the total number of new Leduc pools discovered by the company in this area to five, with a further well undergoing completion operations.

Details on the 11-35-38-4W5 discovery well are as follows. The well encountered approximately 52 feet of net pay, averaging 8-per-cent porosity, from the Leduc formation. During the 48-hour testing period, the well flowed at an average rate of 900 barrels of oil equivalent per day. Alberta Clipper operates the well and holds a 50-per-cent working interest in the new pool. At a recent land sale, Alberta Clipper was successful in acquiring the section directly offsetting the 11-35 discovery well. The company has identified two further Leduc locations on the newly acquired acreage, where it holds a 50-per-cent working interest. All new discoveries in the Sylvan Lake area are subject to a maximum rate limitation (MRL) as determined by the Alberta Energy and Utilities Board upon commencement of production.

Alberta Clipper's contracted service rig has now moved from the 7-5-38-4W5 location where it has completed downhole mechanical repairs and is currently carrying out completion operations on the Upper Leduc zone in the 6-15-37-5W5 well, where the company holds a 100-per-cent working interest. Alberta Clipper now has an opportunity inventory of 22 Leduc exploration prospects in the greater Sylvan Lake area, all of which are defined on three-dimensional seismic.

We seek Safe Harbor.

[december]

Tajzha to bring natural gas well into production


2007-02-15 09:51 ET - News Release

Mr. Ronnie Doman reports

TAJZHA VENTURES LTD. UPDATE OF ACTIVITIES

Tajzha Ventures Ltd. has released an update on its business activities.

Tajzha has opened an office in Calgary, Alta., and its oil and gas management team is now headed up by Ben van Rootselaar, PEng, a director of Tajzha. Tajzha is also pleased to welcome consultants, Richard Dargis, who will use his extensive experience to head up field operations and Richard Mellis, as a land consultant.

On Jan. 8, 2007, Tajzha completed the acquisition of a 75-per-cent working interest in an oil and gas property located in the Provost area in east-central Alberta. The property consists of two sections with three shut-in Manville oil wells and two shut-in Viking natural gas wells. Tajzha, as operator of the property, intends to pursue recompletion work on the wells in the first and second quarters of 2007.

Tajzha has purchased a compressor and the first shut-in natural gas well on the property is scheduled to be brought on to production in February, 2007. It is anticipated that the remaining oil and gas wells will be brought on to production by the end of May, 2007. Subject to the completion of a successful recompletion program, management believes that the three oil and two natural gas wells are capable of producing 55 (net) barrels of oil equivalent per day. The budgeted cost of Tajzha's share of the recompletion project is $650,000. These costs will be paid for through a combination of working capital and private placement proceeds.

[kraftdinner]

I'll second that motion.

[johnlw]

Is it just me or is that a rather bizarre article?

[kraftdinner]

Don't use Mackenzie gas for oil sands production, green groups urge
By David Ebner, Globe and Mail Update




CALGARY — The federal government should prevent the proposed Mackenzie Valley natural gas pipeline from providing fuel for oil sands production because of global warming issues, several environmental groups argued at a regulatory hearing Monday in Edmonton.

The amount of natural gas needed to power the oil sands could double by 2015, according the National Energy Board. The additional gas required in the oil sands is roughly the volume expected to move down the Mackenzie pipeline, a 1,200-kilometre link that would connect the Mackenzie Delta in the Northwest Territories with northern Alberta.

“Why shouldn't the National Energy Board set some rules about contracts of the end-use of Mackenzie gas?” Stephen Hazell, executive director of the Sierra Club, said in an interview. “Why not try to make this a green pipeline rather than just feeding Canada's greenhouse gas emission by fuelling the tar sands?”

The issue has been raised before and has been dismissed by Mackenzie's main backer, Imperial Oil Ltd., controlled by Exxon Mobil Corp., but the environmental groups Monday highlighted a detailed map drawn up by TransCanada Corp., a gas pipeline company that is working on Mackenzie. The map, available on TransCanada's website, shows proposed new links in Alberta to move Mackenzie gas to the oil sands.

Natural gas emits less carbon dioxide — the main greenhouse gas — than coal. Oil sands are already a major emitter of carbon dioxide and will become an even bigger source if aggressive development continues unabated.

The Sierra Club, alongside the Pembina Institute and others, wants to see the Mackenzie gas replace coal as fuel for existing power plants in Alberta, which are among the dirtiest industrial operations in Canada. Using gas in the oil sands has been derided for years as a bad idea, burning a clean hydrocarbon to convert raw bitumen into usable synthetic oil, an arduous process that produces large amounts of greenhouse gases.

Oil sands production is predicted to triple by 2015, greatly increasing emissions, though emissions per barrel are projected to fall. The environmental plan being prepared by the federal Conservative government is expected to focus on emissions per barrel, rather than absolute emissions, allowing the oil sands development to continue essentially unrestricted.

The environmental groups made their presentations Monday before the joint review panel, which is looking at the environmental and social impacts of the proposed Mackenzie gas pipeline. The panel will eventually present a report to the National Energy Board, which has conducted its own pipeline review, and the board will make the final decision, to be submitted to the federal government.

Mr. Hazell said the primary problem with the reviews of the board and the panel is they didn't place enough emphasis on broader questions of global climate change, choosing not to carefully consider how the gas from the pipeline could fuel the oil sands.

“The main message is that the panel should be considering the end-use of the gas,” Mr. Hazell said. “Using the gas in the tar sands is bad in general, and from a climate-change perspective, it's just bad.”

Mr. Hazell proposed that the National Energy Board put regulations in place to restrict the usage of Mackenzie gas. He said he is a believer in free markets, but added that while restrictions appear aggressive, it is time for unusual remedies. Mr. Hazell pointed to Sir Nicholas Stern, the former World Bank chief economist who produced the report last year declaring that doing nothing about climate change was the “greatest market failure in history.”

[Ed Monton]

Pennant Energy completes 2007 seismic program


2007-02-23 19:32 ET - News Release

Mr. Thomas Yingling reports

PENNANT'S PROVIDES ALBERTA EXPLORATION UPDATE

The winter 2007 3-D seismic surveys covering Pennant Energy Inc.'s Bronson and Kaybob properties located in Northern Alberta have been completed. The 3-D program, comprising two surveys, was carried out to expand coverage of the company properties beyond the area covered by the purchased 3-D seismic data announced in news in Stockwatch of Aug. 3, 2006. The Bronson and Kaybob properties are non-contiguous acreage blocks. The purchased 3-D data covered the area between the properties, but only the eastern portion of the Kaybob property and west side of the Bronson property. The area between the company properties contains the site of a now-suspended well which produced approximately 400,000 barrels of 43 API gravity crude and 500 million cubic feet of gas. This well was the key element in the company's decision to focus its exploration efforts in this area as it is its contention that the reservoir in that well was not fully developed and contained a significant remaining reserve.

The winter 3-D program comprised two surveys, one for each property with the Kaybob survey and interpretation fast-tracked in order to pinpoint the optimum drill location for the March, 2007, drill program. The purchased 3-D data were integrated with the Kaybob 3-D survey and the company is pleased to announce that the reservoir which produced in the offset well in such a prolific manner extends over its acreage. More importantly, the reservoir is structurally up-dip of the completed interval of the suspended well. This is a key factor in that it reveals that there may be significant remaining oil up-dip of the oil water contact in the offset well.

The permitting process is under way to prepare for drilling on the Kaybob property. Lease survey and site preparation teams are proceeding to the area and rig mobilization will begin soon. The drilling time to reach total depth of approximately 3,000 metres is expected to be about 25 days. The company is carried for all costs in this well as per the terms of the farm-out agreement with Austin Development Corp. announced in a news in Stockwatch dated Dec. 4, 2006.

The interpretation of the Bronson 3-D seismic data is under way and is expected to be completed soon. Preliminary analysis of the property, which included the geochem and the purchased 3-D seismic data, indicates that there may be a separate anomaly to the offset well and Kaybob. This anomaly may be large enough for development by up to four wells. Subsequent to analysis of the integrated purchased seismic and winter 3-D program data, the summer drilling program will be planned. Upon satisfactory compliance with the farm-out terms on the Kaybob well, the company's joint venture partner, Austin, will share development costs of the Bronson property on a 50/50 pro rata basis with Pennant.

[kraftdinner]

Hope it works out well, got a good chunk of Thunder myself. $1M for Sylvan Lake, that's amazing.

Gas inventories are almost back to normal levels so maybe things will pick up again. I've been buying mostly trusts lately since they are on sale - if they are good companies they will still be good companies. My bet on True is down but I still think a timeline for Xmas or next spring will work out real well if they don't get bought out first. Their debt will still be high on Friday and the recent disposition may not show up until the second quarter numbers but I think they will be able to manage it.

[johnlw]

Hi kd

I got back in Clipper today.
Here's hoping they can work some magic around Alberta's Redneck Riviera.
$40M budgeted for the area?

At Sylvan Lake, Alberta Clipper has also accelerated the drilling of a 100-per-cent Leduc location from the first quarter of 2007. The 6-15-37-5W5 well is targeting a Leduc pinnacle reef and is expected to reach total depth prior to the end of the year. In addition, a further Leduc well at 7-5-38-4W5 is undergoing completion and testing operations and is expected to be producing by the end of the year, bringing the total number of new Leduc wells brought on stream in 2006 to eight. One final Leduc exploratory drilling location is expected to spud in late December.

Family of an old school chum of mine sold their cabin at Sylvan last fall. Got $1m+ for the shack........

[Ed Monton]

Pennant Energy arranges $2.97-million private placement


2007-02-14 18:24 ET - News Release

Mr. Thomas Yingling reports

PENNANT ANNOUNCES PRIVATE PLACEMENT

Pennant Energy Inc. has arranged a private placement to of up to $2.97-million, or 5.5 million units, at a price of 54 cents a unit, subject to the approval of the TSX Venture Exchange.

Up to $2-million of the private placement will be raised on a flow-through basis with a half share purchase warrant, and $970,000 of the private placement will be raised on a non-flow-through basis with each non-flow-through unit consisting of one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company for a period of one year at a price of 75 cents per share.

Proceeds of the private placement will go toward the development of currently held properties and to evaluate new opportunities and projects. A commission will be payable in either cash or shares in accordance with the policies of the TSX-V.

[Ed Monton]

Pennant Energy arranges $2.97-million private placement


2007-02-14 18:24 ET - News Release

Mr. Thomas Yingling reports

PENNANT ANNOUNCES PRIVATE PLACEMENT

Pennant Energy Inc. has arranged a private placement to of up to $2.97-million, or 5.5 million units, at a price of 54 cents a unit, subject to the approval of the TSX Venture Exchange.

Up to $2-million of the private placement will be raised on a flow-through basis with a half share purchase warrant, and $970,000 of the private placement will be raised on a non-flow-through basis with each non-flow-through unit consisting of one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company for a period of one year at a price of 75 cents per share.

Proceeds of the private placement will go toward the development of currently held properties and to evaluate new opportunities and projects. A commission will be payable in either cash or shares in accordance with the policies of the TSX-V.

[sumisu]

West Hawk Drills First Well in Colorado Gas Project to Total Depth, Closes $3.4 Million Financing

Wednesday February 14, 3:05 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 14, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is pleased to announce that it has drilled its first well to total depth, 11,090 feet at its Figure Four oil and gas project in Colorado. The well was drilled through the Mancos B zone. During the drilling operations, significant gas shows were periodically encountered from the Wasatch formation, located at 2,100 foot depth, throughout the Willliams Fork, Iles, Sego, Castlegate, and Mancos A-B formations. Not only did the Mancos B zone indicate gas, but also the presence of heavier hydrocarbon distillates. It appears that gas is present in all the formations anticipated as potential production targets. After the well is logged and cased, requiring approximately one week, the drill rig will be moved to the second well pad site, which is completed, and drilling will commence. A work-over rig will then complete the perforation and stimulation operations on the first well. Initial production is expected to commence in late February or early March.

Dr. John Reeves, Jr., CEO of West Hawk Energy (USA), stated, "We are happy that after a difficult winter month of record low temperatures and snow, we have completed the first well and the signatures indicate that we will meet or exceed company expectations."

WEST HAWK CLOSES FINANCING - In other news, the Company is pleased to announce the closing of a non-brokered private placement totaling $3,400,000. Terms of the financing were announced in News Releases dated January 16, 2007, with amendments announced January 19, 2007 and February 8, 2007, and comprise the issuance of 6,800,000 units at a price of $0.50 per unit for gross proceeds of $3,400,000. Each unit consists of one common share of the Company, and one non-transferable share purchase warrant. Each non-transferable share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.75 for a period of two years from the closing of the financing.

Gross proceeds to the Company from the sale of all 6,800,000 units is $3,400,000 which will be used towards completion of wells 1 and 2 at the Company's Figure Four natural gas property (approximately $2,400,000), and for general working capital purposes (approximately $1,000,000). All securities issued pursuant to the financing are subject to a hold period expiring June 15, 2007. Finders fees payable on a portion of the units sold as part of this financing include a total of $151,493 in cash and 20,000 shares. The financing is subject to approval of the TSX Venture Exchange.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, Co-Chairman, President, CEO

Chris Verrico, Co-Chairman

About the Company: West Hawk Development Corp. is focused on exploring for and developing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (estimated prospective resources as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. A National Instrument 43-101 report has been filed on the Groundhog property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Contacts:
West Hawk Development Corp.
Dr. Wm. Mark Hart
President and CEO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.westhawkdevelopment.com

--------------------------------------------------------------------------------
Source: West Hawk Development Corp.

http://biz.yahoo.com/iw/070214/0215399.html

[sumisu]

Dejour Announces Peace River Arch Projects & Adds Piceance-Uinta Acreage

Monday February 12, 12:22 pm ET

VANCOUVER, Feb. 12 /CNW/ - Dejour Enterprises Ltd. ("Dejour") (TSX-V: "DJE", TSX-V: "DJE.WT", OTCBB: "DJEEF") Dejour Energy Alberta Ltd. ("DEAL") has negotiated agreements covering six strategic projects in the Peace River Arch area of northwest Alberta and northeast British Columbia, Canada. The first of these projects has commenced operations and all six are scheduled for drilling and or completion prior to the end of June 2007. Dejour is earning a 33% average net working interest in these projects inclusive of the previously announced Noel project, one of the six projects.

Dejour will invest approximately CDN$4 million in an initial nine well drilling and recompletion program which has the potential for as many as 30 wells to maximize gas production from earned and optioned lands. As of this date, DEAL estimates that its share of a prospective resource estimate ranges from 16 - 32 BCFG. Dejour's share of full development is preliminarily budgeted at a further CDN$12 million. This would equate to a finding and development cost into pipe of CDN$0.50-$1.00/mcf.

Dejour estimates that a successful program should result in daily production of 8 mmcf/d net to Dejour (risked 50%), providing gross revenues approximating CDN$ 18 million annually (cash flow CDN$ 12 million) using $6/mcf gas pricing when fully developed. Dejour and its partners expect to be drilling some of these projects into pending land sales. Consequently, drilling results may be held confidential where sensitive. A complete summary of the initial nine well program will be forthcoming when concluded.

Company personnel are very active reviewing a proliferation of projects of healthy economic potential, coupled with relatively low geologic risk, that are finding their way to market during this temporary period of uncertainty in the Canadian gas E&P business.

Charles W.E. Dove, B Sc., P. Geoph. is the qualified person for the Company's Canadian O&G projects.


Piceance- Uinta Basin Project
-----------------------------


Dejour Energy USA has increased its gross land position in this project to greater than 285,000 acres (59,400 net) through recent acquisitions of federal leases at auctions. These purchases were designed to enhance the respective existing land holdings by Dejour and its partners, Brownstone and Retamco. Retamco, the major partner and operator has been notified by the Bureau of Land Management that applications for drilling permits are currently being reviewed and should be issued late in Q1-07. This time frame is viewed positively by Dejour and its partners, as land prices are continually rising, new 'flex' rigs are being introduced to the area bringing important drilling economies, and the drilling and acquisition plans of the larger companies in the region are poised to positively impact our lease investment in these basins.
Dejour expects that the initial permits to be approved will cover the Barcus Federal leases (1920 acres) of the Rio Blanco Deep project, targeting the blanket Mesa Verde sands at 11000'. Drilling activity in this area has been very active by companies such as Williams Co. (on Exxon lands) and Bass Operating on adjacent leases. Williams Cos. has recently completed a pipeline to the edge of this lease block to tie-in Bass wells. Exxon stated late in 2006 that it is mobilizing 14 rigs to drill 1000 wells in this same area.

The Oil & Gas Investor (November 2006) states that the overall drilling activity in the Rocky Mountain basins, where the Piceance and Uinta basins are dominant, will exceed 43,000 wells in the next 5 years representing an industry investment of over $25 billion. Key major players include EnCana Oil & Gas (USA) Inc., The Williams Cos., Bill Barrett Corp., ExxonMobil and ConocoPhillips, Occidental and Marathon.

About Dejour

Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market's decreasing conventional supply and increasing demand for energy. The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor(at)dejour.com.


DEJOUR ENTRPRISES LTD.

Robert L. Hodgkinson
Chairman and CEO

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.

For further information

Suite 1100-808 West Hastings Street, Vancouver, British Columbia, Canada, V6C 2X4, Telephone: [phone], Facsimile: [phone], Email: [e-mail], www.dejour.com



--------------------------------------------------------------------------------
Source: Dejour Enterprises Ltd.

http://biz.yahoo.com/cnw/070212/dejour_updates.html?.v=1

[Ed Monton]

Finally broke out huh

[snapped]

V.NRS Norwood on toronto venture... bought in low last week but sold out on friday... looks heavily manipulated. Expecting a trading freeze on this shortly.

[december]

TJZ on the TSXv should be on watch. Just over 3 million shares i/o with a float of just over 1 million.

[Arctec]

Penn West Energy To Buy Oil, Gas-Producing Properties


17:44 EST Friday, February 09, 2007

DOW JONES NEWSWIRES

Penn West Energy Trust (PWT.UN.T) will acquire conventional oil and natural gas assets located in Alberta, currently producing about 3,200 barrels of light oil a day and 10.2 million cubic feet a day of natural gas, or about 4,900 barrels of oil equivalent a day.

The transaction is expected to close in March.

The purchase price of the asset package, prior to any reductions due to ROFRs, totals about C$339 million before closing adjustments of an estimated C$12 million, which will reduce the cash outlays on closing.

In addition to the acquisition, Penn West also plans a 2007 Peace River capital program of C$100 million that includes the drilling of 60 to 65 net wells and associated production infrastructure expenditures.

Penn West, Calgary, is a senior oil and natural gas energy trust.

-Wendy Tsau; 416-306-2100; [e-mail]


(END) Dow Jones Newswires
02-09-07 1744ET
Copyright (c) 2007 Dow Jones & Company, Inc.