Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rockdale Resources Corporation Announces New Business Plan, New Management Team and Name Change
Last update: 5/14/2012 7:00:00 AM
AUSTIN, Texas, May 14, 2012 /PRNewswire via COMTEX/ -- Rockdale Resources Corporation (otcnbb:ATDN) shareholders have approved a plan to focus exclusively on the exploration and development of oil properties in Texas.
In furtherance of the Company's new business plan, the Company also announced the following:
It has changed its name to Rockdale Resources Corporation from Art Design, Inc.;
It has elected new management and a new board of directors;
It has entered into an agreement, which provides for the purchase of certain leases and the immediate drilling of new oil wells on the leases in the Rockdale Field in Milan County, Texas; and
It has opened new corporate offices and relocated the company to Austin, Texas.
The Company's shareholders approved the election of a new board of directors consisting of individuals with extensive experience in the creation and operations of public and private oil and gas companies.
The Company appointed Michael D. Smith as its new president and appointed Rick A. Wilber and John P. Barton as directors. Marc S. Spezialy, a former audit manager with PricewaterhouseCoopers LLP, has been hired as the Company's chief financial officer.
"We are excited with the opportunities available to the Company in the active development of the Rockdale Field," stated Mr. Smith. "We have assembled a team of management and consultants that we believe will allow Rockdale the opportunity to achieve rapid growth in oil production and shareholder value in a short time frame."
Mr. Smith has served as the president of Kingman Energy, LLC, a Dallas-based oil operator and has experience in all aspects of oil and gas operations. Mr. Wilber is a private investor and serves on the board of several public companies, including Synergy Resources Corporation (SYRG), Vanguard Energy Corporation (VNGE) and Ultimate Software (ULTI). Mr. Barton serves on several oil company boards and has consulted for numerous oil and gas companies.
The Company plans to commence drilling its first wells by the end of May.
About Rockdale Resources Corporation
Rockdale Resources Corporation is a domestic oil exploration and production company. Rockdale focuses on new oil wells in established areas of oil production. The Company plans to use state of the art technology to maximize production and to identify areas with the greatest potential. The Company's core area of operations is in the Minerva-Rockdale Field in Rockdale, Texas, which produced over 7 million barrels of oil since its first wells were established in 1921. Rockdale's corporate offices are located in Austin, Texas.
This press release may contain forward-looking statements. Actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection in the forward-looking information.
Contact: Marc Spezialy, Rockdale Resources Corporation, 512-795-2300, info@rockdaleresources.com.
SOURCE Rockdale Resources Corporation
Copyright (C) 2012 PR Newswire. All rights reserved
News provided by Dow Jones NewswiresSM, PR News Wire and Business Wire. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
TD Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. All rights reserved. Used with permission.
FECOF .026 - big news coming in Q2
AUCAF .25 -just completed PPM at .35 - Radar IMO
Radar AUCAF 210K bid just showed at .24
Agreed....I bet you find another winner
Time to find a real cheap oil producer with expansion potential..cause that Iran shit ain't going away..~
ENGFF News: EnerGulf Work Program Results and Increased Interest-Block 1711 Namibia
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67945805
Highlights:
- Working interest on Block 1711 will increase 10% to a minimum of 15% and a maximum of 19%.
- Russians are finally gone: Project blockers are out of the way!
- As was always said: Hartmann will be drilled only when Kunene is commercial. Now they go for Hartmann
- Energulf stays interim operator, and is searching for a replacement partner of Nakor's stake. Will that be HRT? If that's the case, look what happended to UNX Energy which was bought out by HRT!!!
Petro One Energy Corp.
TSX VENTURE : POP
FRANKFURT : C6K
July 12, 2011 09:15 ET
Petro One Discovers New Oil Pool
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K) is pleased to report that the first hole of its first summer drill program has led to the discovery of a previously unknown light oil pool on the Company's 100%-owned J5 property in Saskatchewan, Canada. This conventional vertical well demonstrated an excellent flow rate of 9.63 cubic metres (60.57 bbl) of light oil to surface in just 7.75 hours from the Viking sand at a depth of 736.5 m, without stimulation, swabbing or pumping. Flowing pressure in the tubing measured at surface was stable at 1,000 kPa throughout the flow period, indicating a reservoir of excellent quality. The well has been shut in pending installation of a separator and adequate tanks later this week, at which time it will be placed in full production. With oil flowing to surface on its own, and excellent reservoir pressures, a pump is not necessary. Once the well is on stream, the results of a 48-hour production test and fluid analyses will be announced.
A final core analysis completed by Core Labs has confirmed excellent porosity up to 23.5% and unusually high permeability up to 3,980 mD over the perforated interval. This new oil pool is contained within an extensive Viking sand corridor on the J5 property indicated by the high-resolution seismic program shot by Petro One last spring. The excellent productivity of the 10A-15 well is explained by a highly porous and permeable basal channel facies that cuts across the main thick Viking sand fairway. As a result of this significant discovery, an expanded exploration and development drilling program of up to 17 additional wells has been planned on J5 to exploit the full potential of this newly identified reservoir.
"The discovery of a new oil pool with our first drill hole has exceeded the Company's expectations, and establishes the ability of our technical team," said Petro One's President Peter Bryant. "We look forward to determining the full extent of this new reservoir and expanding our production. This will serve as a solid foundation to build on."
"Petro One is to be congratulated on discovering such an outstanding quality reservoir sand on their very first exploratory well," said Harold Ryan, P.Geol., Geoscience Manager at Chapman Petroleum Engineering. "It is very rare to find an untapped reservoir in the Viking that has such excellent porosity and permeability and can be exploited by conventional drilling."
Production facilities are being installed to bring the well on stream, and a reserve upgrade is planned to be released in the immediate future. Detailed core and fluid analyses and petrographic and reservoir engineering studies are in progress to optimize development and production of this newly discovered oil field.
Preparations are also under way for summer drill programs on other Petro One properties with strong light oil potential (see Petro One News Release June 6, 2011). Petro One holds 100% of the oil and gas rights to fourteen stand-along properties in Southeastern Saskatchewan and Southwestern Manitoba, including the J5 property, pursuant to leases issued by the Provincial Governments. Further results from this summer's drill programs will be announced as they become available.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at PetroOneEnergy.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Energulf (V.ENG, ENGFF): NI 51-101 report with P90 estimate of 208 million barrels...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62966615
BYCX .055 - nice 10K:
ASSETS
The following assets represent just the beginning of Bayou City’s future revenue stream. Charlie Bukowski, President of Bayou City, has chosen a philosophy of growth that allows for outstanding risk mitigation for the company’s stockholders by maintaining/investing in minority, non-operated positions in several wells as opposed to investing large amounts into fewer wells. This philosophy allows for participation in several fields, opening the door for field development in the event a successful well creates additional drilling opportunity, and, protects the operating cash flow by reducing the “inherent risks” associated with oil and gas exploration.
As growth and revenue increase in the future, Bayou City will continue to maintain the minority ownership philosophy, keeping all well ownership under 50 percent and increasing the number of projects in which we participate.
For exact ownership and productions information, please refer to Bayou City’s 10-K or 10-Q as reported to the Securities Exchange Commission. The information is available at www.sec.gov or on our Investor Relations page.
SEISMIC DATA
Bayou City owns a database of more than 7,200 square miles of 3-D data, as well as 13,000 miles of 2-D data.
KEY DEVELOPED PROPERTIES
Rooke # 1
The Company owns a minority interest in 1 well located in Refugio County Texas which began production in September 2009. The well produces about 350 Mcf per day and about 10 Bbls of oil per day.
Chapman No. 75-1
The Company owns a minority interest in 1 well located in Nueces County, Texas which began production in October 2009. The well produces about 375 Mcf per day.
Garcitas #1
The Company owns a minority interest in 1 well located in Jackson & Victoria County, Texas. The well has been drilled and was completed during the first quarter of 2010. There has been minimal production thus far from this well, but is expected to have stable production during the second quarter of 2010.
Rooke B-1
The Company owns a minority interest in 1 well located in Refugio County, Texas. The well has been drilled and was completed in early 2010.
Rooke #2
The Company owns a 9.5% working interest in 1 well located in Refugio County Texas. This well has been completed during the first quarter of 2010 and has had minimal production during the first quarter. Production is expected to become stable during the second quarter of 2010.
Energulf (ENGFF, V.ENG) will drill 3 holes in Congo in late summer, NI 51-101 will be completed in late April:
http://finance.yahoo.com/news/EnerGulf-Commissions-Resource-ccn-2125378526.html?x=0&.v=1
APXR .07 x .075 Interesting lotto, see website:
http://apexresourcesgroupinc.com/index.html
Effective on March 14, 2011, American Exploration Corporation, a Nevada corporation (the “Company”), entered into an amending agreement (the “Amending Agreement”) with Mainland Resources, Inc., a Nevada corporation (“Mainland Resources”). The Amending Agreement is in regards to that certain merger agreement and plan of merger dated March 22, 2010, as amended by that certain letter agreement and amending agreement dated July 28, 2010, as further amended by that certain amending agreement dated September 7, 2010, and as further amended by that certain amending agreement dated December 23, 2010 (the “Merger Agreement”). The Merger Agreement is subject to termination by either the Company or Mainland Resources if certain conditions specified in the Merger Agreement are not satisfied at or before September 30, 2010 (as previously amended to December 31, 2010 and March 31, 2011) or such later date as may be mutally agreed upon (the “Termination Date”). In accordance with the terms and provisions of the Amending Agreement, the Termination Date has been extended to May 31, 2011.
http://ih.advfn.com/p.php?pid=nmona&article=46866411
FECOF .04 - 2D and 3D seismic surveys completed
Forum Energy is pleased to announce that it has completed its seismic acquisition over SC72.
As part of the work program, 564.887 Km2 of 3D seismic data was acquired over the Sampaguita Gas Field and 2,202.38 Line-Km of 2D seismic data was also acquired over the block in order to further define additional leads identified within the SC72 acreage.
The Company will immediately begin processing the data with the aim of further evaluating the commercial potential of the block, and to help identify the best location for possible appraisal wells to be drilled in the next sub-phase of the SC72 licence.
The survey was carried out by CGG Veritas, using the M/V Veritas Voyager.
Robin Nicholson, Executive Chairman, commented:
"We are delighted to have completed our work programme so efficiently and ahead of our anticipated schedule. We have now met our contractual commitments with the Philippine Department of Energy under Service Contract 72 and look forward to making further investments into the project."
For further information please contact:
Forum Energy Plc
Andrew Mullins, Tel: +44 (0) 1932 445 344
Executive Director
Company Secretary
Execution Noble & Company Ltd (Nominated Adviser & Broker)
Harry Stockdale Tel: +44 (0) 207 456 9191
Or visit the Company's website:
www.forumenergy.com
Notes to Editors:
1 Service Contract 72 (formerly GSEC101) is an 8,800 Km2 licence located approximately 100 Km offshore West Palawan, in the South China Sea. Forum Energy Plc (through its 100% interest in Forum Philippine Holdings Ltd and Forum (GSEC101) Ltd) holds a 70% equity interest in the SC72 licence.
2 In 2006, results from a 248-square kilometre 3D seismic survey over the SC72 licence area indicated mean 3.4 Trillion Cubic Feet (TCF) gas-in-place (GIP) at the Sampaguita Gas Discovery.
3 Philex Mining Corporation (through its interests in FEC Resources, Inc and Philex Petroleum Corporation) controls 64.45% of the share capital of Forum.
FECOF .04 - Forum Energy in talks with potential partners for SC 72
By Donnabelle L. Gatdula (The Philippine Star) Updated March 15, 2011 12:00
MANILA, Philippines - UK-based Forum Energy Plc is pursuing talks with potential joint venture partners for the development of its Service Contract 72 (formerly GSEC 101) located in offshore West Palawan.
Forum Energy executive chairman Robin Nicholson, in a report, said the partnership will pave the way for the continuing development in the area.
Forum Energy has started seismic survey in SC 72 recently and had poured in an initial $10 million as part of its work program submitted with the Department of Energy (DOE).
Forum Energy earlier stressed that SC 72 is not situated in the disputed Spratlys group of islands, pointing out that said the contract is located in the Reed Bank basin.
According to Nicholson, Reed Bank is at least 150 kilometers east of the disputed Spratlys Islands and is closer to the island of Palawan.
SC 72 is within the 200 nautical mile exclusive economic zone (EEZ) based on Republic Act 9522 or the Philippine Archipelagic Baseline Law signed on March 10, 2009. RA 9522 defines the archipelagic baselines of the Philippines, while affirming Philippine sovereignty and jurisdiction over these areas which include SC 72.
Reed Bank has been subject of numerous exploration campaigns in the past under the Philippine contractual regime. The first petroleum contract in the area was awarded by the then Ministry of Energy in 1975.
“The company progressed discussions with potential strategic partners. A facility agreement with Philex Mining Corp. for $10 million has enabled Forum Energy to progress the development of its principal asset,” Nicholson said.
With the current rate the project is going, the company is expecting the survey to be completed within this quarter.
It would be recalled that Forum Energy implemented the first sub-phase work program which includes a further 550 square kilometer of 3D seismic and 2,200 kilometer of 2D seismic study in SC 72, covering 8,800 square kilometer s situated west of Palawan in the South China Sea.
The first sub-phase work program over SC 72 is estimated to cost $7.4 million.
The program is expected to result to a more comprehensive evaluation of the SC72 property and to identify potential sites for appraisal wells.
“The completion of our first sub-phase work program over SC 72 will be a milestone for the Company since the last data acquisition which was concluded over five years ago. We expect that this data will give us significant additional information that will enable the company to better assess the various development scenarios and potential partnership options for the SC 72 block at a critical time in the development of this important asset,” Nicholson said.
The company official said results from a 248-square kilometer 3D seismic survey in 2006 over the license area indicated a mean volume of 3.4 trillion cubic feet gas-in-place.
www.philstar.com/Article.aspx?articleId=666219&publicationSubCategoryId=66
XBOR News out: Cross Border Resources, Inc. Partners in Wolfberry Project in Dawson and Borden Counties, Texas GlobeNewswire "Press Releases"
SAN ANTONIO, Texas , March 10, 2011 (GLOBE NEWSWIRE) -- Cross Border Resources , Corp. (OTCBB:XBOR), ("Cross Border" or "the Company"), announced today that is has acquired a 10% non-operated interest in approximately 825 gross acres("the Tres Amigos Project ") targeting the Wolfberry trend in Dawson and Border counties, Texas.
The Tres Amigos Project consists of approximately 825 acres, targeting the Wolfberry Trend in both Dawson and Borden counties, Texas , with 11 possible drilling locations based on 80 acre spacing units.Cross Border will participate in the initial three wells on 1/3 for a 1/4 promoted basis with the remaining 8 wells to be drilled to each working interest partners' proportionate ownership. The targeted depth for each well is 10,825' focusing on the Wolfberry Trend which encompasses the Sprayberry/Dean, Wolfcamp, Canyon , Strawn , and Mississippian formation. Drilling of the initial well commenced on March 7, 2011 on the Shortes 6, #1 located in Sec 6, Blk 33, T3N of Borden County, Texas and has already reached a drilling depth of 3,242'.The Company intends to fund these activities from existing cash flow and availability under its senior credit facility.
Management Comments
Mr. E.W. Gray II , Chairman and CEO, stated, " Cross Border Resources , in furtherance of its business plan, has diligently focused its efforts to expand its Permian Basin operations into the Wolfberry Trend in West Texas.We are pleased to acquire an inaugural interest in the Tres Amigos Project and look forward to developing this prospective acreage in the immediate future."Mr. Gray further adds, "The Company is currently seeking additional opportunities within the Wolfberry Trend, and others that will complement its already existing Bone Spring and Yeso, Abo acreage.With a strong footprint in the two major emerging resource plays located within the Permian Basin , the Company is positioning itself to ultimately achieve the objective of becoming the recognized name of non-operated assets for the Bone Spring, Wolfberry and other Permian Basin targets."
About Cross Border Resources
Cross Border Resources is an oil and gas exploration company, headquartered in San Antonio, Texas , focusing on non-operated opportunities with proven operators within the Permian Basin . Cross Border consists of over 30,000 net mineral and lease acres within Southeastern New Mexico targeting various emerging plays including the 1st & 2nd Bone Spring, and more conventional plays such as the Abo, Yeso, and San Andres as well as an additional 270,000 net acres in Western New Mexico.Additionally, Cross Border Resources is actively participating in drilling opportunities within the Wolfberry Trend located within West Texas.
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties.Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management.Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur.Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements.Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission .
CONTACT: Cross Border Resources, Inc. Brad Holmes Nine Greenway Plaza , Suite 550 Houston, TX 77046 (713)654-4009 - office (713)304-6962 - cell b_holmes@att.net
Source: Cross Border Resources, Inc.
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/07/11
Archer Petroleum Corp. (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) (the "Company") is pleased to announce that it has entered into a definitive Participation Agreement with Arbol Energy ("Arbol"), a private Houston based oil and gas company, governing Arbol's Matagorda Bay, Texas Prospect.
Further to the announcement of December 7, 2010 ("Archer Petroleum Enters in Memorandum of Agreement to Acquire Texas Prospect"), the Participation Agreement provides Archer with a 23% Working Interest (23% Working Interest Before Payout, 17.25% Working Interest After Payout) in the 1280 acres covering Texas State Blocks 127, the south half of Block 150 and the north half of Block 151, and includes 3 existing well bores, an existing 7 mile pipeline to shore and an onshore oil/gas handling facility.
Under the terms of the Participation Agreement, Archer will pay 23% of lease acquisition, geological and geophysical costs ($650,000 gross, or $150,000 net) and 23% of any costs associated with re-completion of the existing well bores.
A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in well bore (the 127-1 well) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio. Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres.
Completion planning has already begun with Operating Partner South Bay Resources, and on-site operations are expected to commence within the next 2 months.
Costs associated with the re-entry, perforation and testing of the 127-1 well are expected to be approximately $1,200,000 (approximately $276,000 net to Archer).
Internal analysis indicates an additional 200 plus feet of apparent net pay are evident in the logs and cores, and upon successful completion of the Bol Mex interval the company will target these additional zones for future completions.
Claude Perrier, CEO, states, "This new asset package fits well in Archer's strategic plan of low cost, low risk, quick revenue generation assets. Archer expects to be able to move from deal origination to on-line operations in less than 4 months."
About Archer Petroleum:
Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in the Western Canadian Sedimentary Basin of Alberta, the Permian Basin of West Texas, and the Bakken Shale of North Dakota. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the OTCQX under the symbol "APEUF" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.
ON BEHALF OF ARCHER PETROLEUM CORP.
Colin Bowkett, President
Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Archer Petroleum Corp.
Colin Bowkett
President
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com
Tribeca Capital Partners Inc.
Jamie Hyland
1-877-882-7894
jamie@tribecacap.com
www.tribecacap.com
Top
Old Site | Home | Products | Help | Contact Us | Your Account | System Status
© 2011 Canjex Publishing Ltd. All rights reserved. "Stockwatch" is a registered trademark of Canjex Publishing Ltd. Terms of Use, Privacy Policy
Gotta see this especially around 17:30 Talk About Get Ready To Rock Ladies and Gents!!
http://www.vimeo.com/15237784
PETEF
XBOR Cross Border Resources, Inc. Announces Filing for NASDAQ
Date : 02/15/2011 @ 7:00AM
Source : GlobeNewswire Inc.
Stock : Cross Border Resources, Inc. (XBOR)
Quote : 3.0 0.0 (0.00%) @ 11:08AM
Cross Border Resources, Inc. Announces Filing for NASDAQ
Cross Border Res (OTCBB:XBOR)
Historical Stock Chart
1 Month : February 2011 to March 2011
Click Here for more Cross Border Res Charts.
Cross Border Resources, Inc. (OTCBB:XBOR), ("Cross Border" or "the Company"), announced that it has filed an application to list its common stock on the NASDAQ Capital Markets. The NASDAQ listing application is subject to review and approval by NASDAQ's Listing Qualifications Department for compliance with all NASDAQ Capital Market Standards. While the Company intends to satisfy all of NASDAQ's requirements for initial listing, no assurance can be given that its application will be approved. The Company's common stock will continue to trade on the OTC Bulletin Board under its current symbol, XBOR.OB, during the NASDAQ review process.
Management Comments
Cross Border Resources, Inc.'s Chairman and CEO, E. Will Gray II states, "Management is pleased to announce to shareholders this submittal of the Company's common shares to a major exchange. We believe the move to the NASDAQ Capital Markets is the next logical step in Cross Border's future growth and will potentially enable us to increase our stock's trading liquidity, broaden our shareholder base and raise our profile in the investment community. Management is pleased with the progress that has transpired since our business combination, which was completed on January 4, 2011, and will provide updates on the status of the listing as provided by NASDAQ."
About Cross Border Resources
Cross Border Resources is an oil and gas exploration company, headquartered in San Antonio, Texas, focusing on non-operated opportunities with proven operators within the Permian Basin. Cross Border consists of over 800,000 gross (approximately 300,000 net) mineral and lease acres within the state of New Mexico targeting various emerging plays including the 1st & 2nd Bone Spring, and more conventional plays such as the Abo, Yeso, and San Andres.
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.
CONTACT: Cross Border Resources, Inc.
Brad Holmes
Nine Greenway Plaza, Suite 550
Houston, TX 77046
(713)654-4009 - office
(713)304-6962 - cell
b_holmes@att.net
PRIMARY PETROLEUM (PIE:TSX.V and PETEF: OTCQX) is pleased to provide you the following ENERCOM INC. (www.enercominc.com) and Oil & Gas 360 (www.oilandgas360.com) INDUSTRY NOTE on the Alberta Basin Bakken in Western Montana.
To read this Industry Note, please click on the following link:
http://www.primarypetroleum.com/pdf/PIE_Industry_News_2011-03-04.pdf
We hope you find this Industry Note informative.
Regards
PRIMARY PETROLEUM CORPORATION
Symbol: PETEF
03/04/2011 03:59PM (ET)
Last Trade: 0.85
Day High: 0.85
Day Low: 0.80
Net Change: +0.04
Volume: 773323
Primary Petroleum has focused a majority of its resources in the acquisition of prospective oil and gas acreage in Montana. The Company has a significant land position in the Alberta Basin Bakken Fairway in Western Montana and in the Northwest area of the Williston Basin in Eastern Montana. Currently Primary holds over 220,000 net acres (344 sections) in Bakken prospective areas. Primary currently holds 100% interest over all of its land holdings in Montana.
Primary currently holds over 200,000 net acres (312 sections) in the Alberta Basin Bakken Fairway in western Montana and 20,000 net acres [31 sections] in the Williston Basin in eastern Montana. The Company also holds other oil and gas prospects in Montana that total approximately 64,000 net acres [100 sections].
The Company will continue to generate oil & gas prospects of merit in the western Sedimentary Basin and acquire the acreage necessary to exploit it.
Primary's current land holdings and future exploration and development possibilities in Montana will provide excellent upside for the Company and its shareholders because:
Montana is located in the Western Sedimentary Basin, which is world renowned for oil and gas discoveries.
Its access to large blocks of contiguous and prospective land at reasonable lease rates.
Primary land holdings in the Alberta Basin Bakken Fairway in western Montana offer multi-zone potential for oil and gas and are close to existing infrastructure.
At least three major oil and gas companies have acquired large blocks of land in the area and are currently drilling to develop this prospect area.
Primary's land holding in eastern Montana have multi-zone oil potential and are adjacent to the Cabaret Coulee field which has produced approx. 450,000 barrels of oil. Wells in this field had IP rates between 500 - 700 barrels/day from the McGowan and Mission Canyon Oil Formations.
Four of the original wells in the area were drilled to the Nisku Formation. The same Bakken middle siltstone formation which produces in Elm Coulee and Southeast Saskatchewan is present but was never tested.
Expenses associated with oil and gas industry are generally lower in Montana as compared to Alberta.
researching this one.
DRKOF .065 nice analysis from Bobwins
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60590369
SROE 2.65 - Saratoga Resources, Inc. Announces Resumption of Production From Little Bay Field at 336 BOPD and 3200 MCFPD
Feb 23, 2011 9:00:00 AM
Copyright Business Wire 2011
Close Ad
Email story | Discuss on ZenoBank | View more ads
HOUSTON & NEW ORLEANS--(BUSINESS WIRE)-- Saratoga Resources, Inc. (OTCBB:SROE) (the “Company”) today announced that it has resumed production from its Little Bay Field in Saint Mary Parish, Louisiana. The resumption of production from the field follows completion of a workover on the A0311 #1 well and reactivation of the associated gas sales pipeline. Initial production levels from the field are 336 barrels of oil per day and 3.2 Million cubic feet of gas per day.
The Little Bay Field had been shut-in since mid-2009 due to down stream problems with the third party owned and operated pipeline and gathering system servicing the field.
About Saratoga Resources
Saratoga Resources, Inc. is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,625 gross (32,527 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana. Saratoga's stock currently trades on the OTC Bulletin Board under the symbol "SROE".
Saratoga Resources, Inc.
Brad Holmes, 713-654-4009
Investor Relations
or
Karie Goodwin, 713-458-1560
Office Manager
www.saratogaresources.net
Source: Saratoga Resources, Inc.
----------------------------------------------
Saratoga Resources
Inc.
Brad Holmes
713-654-4009
Investor
Relations
or
Karie Goodwin
713-458-1560
Office Manager
www.saratogaresources.net
Boardmarked!...
See my board too. tia
oil is almost to 94 dollars...quick! who has some more good oil plays? lol
IFNY 1.35 - In connection with the new loan, Infinity granted Amegy a warrant to purchase 931,561 shares of IFNY common stock at an exercise price of $5.01 per share during a ten-year period following the issuance of the warrant.
FECOF . 0645
http://www.manilastandardtoday.com/insideBusiness.htm?f=2011/february/8/business5.isx&d=2011/february/8
Forum Energy obtains nod to explore Reed Bank gas prospect
by Alena Mae S. Flores
The Energy Department gave the go-signal to Forum Energy Plc of UK to proceed with the exploration of the Reed Bank basin near the disputed Kalayaan Islands off South China Sea.
Energy Secretary Jose Rene Almendras said Forum Energy’s work program for service contract 72 located offshore West Palawan complied with the requirements of the department.
“Forum is okay,” Almendras said when asked if Forum passed the review of the petroleum service contracts. “Their work program is in order.”
The work program includes 3D seismic work over an area of up to 550 square kilometers over and around the Sampaguita gas discovery, and 2,200 line-km of high resolution 2D over existing leads within the 8,800 sq. km. contract area.
Forum Energy is expected to complete acquisition of the seismic data in the first half for technical analysis.
Almendras said “discussions are ongoing” regarding Forum’s planned exploration activities.
Almendras has threatened to cancel the service contracts of non-performing oil and gas companies.
Forum Philippines Holdings Ltd., a wholly-owned subsidiary of Forum, earlier signed a $10-million facility agreement with Philex Mining Corp. to partly finance the work program in SC 72.
Earlier results from a 248-sq. km 3D seismic survey over the SC 72 contract area in 2006 indicated 3.4 trillion cubic feet of gas at the Reed Bank basin.
“The company continues to have discussions with potential strategic partners for the purpose of accelerating the development of SC 72. However, no firm proposal is currently being considered,” Forum said.
Top
OEDV- 52 wk volume high and 100% move so far today.
BERX 82 x avg vol. Just wish they would run out of .80 so I can get my buck. .80 +18%
OEDV .03 46M float
Recent 8k and press release that they have received 500k funding to acquire oil leases in Oklahoma.
WNWG low floater and low OS
Energulf (ENGFF, V.ENG) Provides Update on Africa Projects
http://www.marketwire.com/press-release/EnerGulf-Provides-Update-on-Africa-Projects-TSX-VENTURE-ENG-1389245.htm
GULSF/GUL .05 - Gulf Shores Acquires Bakken Acreage
VANCOUVER, BRITISH COLUMBIA, Jan. 17, 2011 (Marketwire) --
Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) (the Company) has entered into an arms length agreement with Crown Point Ventures Ltd. (Crown Point) whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.
The acreage is prospective for the drilling of new horizontal Bakken Oil wells and includes one producing vertical Bakken Oil well and a salt water disposal facility.
The Company is not planning a consolidation of its capital stock.
Michael Turko has been appointed President & Chief Executive Officer of the Company. Gerald Otterman has resigned as President & Chief Executive Officer and has been appointed Chief Financial Officer. Ming Jang has resigned as Chief Financial Officer.
ON BEHALF OF THE BOARD
Michael Turko, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Gulf Shores Resources Ltd.
(604) 683-3309 or Toll Free: (866) 292-2601
(604) 844-2834 (FAX)
info@gulfshoresresources.com
FECOF .048... read this... its almost unbelievable
Aquino bares 2 oil exploration projects
January 26, 2011, 8:45pm
MANILA, Philippines – President Aquino is excited about two oil exploration projects in the country, including a probable oil reserve in Palawan that may be as big as Iraq’s stock.
The President mentioned the two prospective oil finds that could help meet the country’s oil requirements during a tribute to his mother, the late President Corazon Aquino, in Malacañang last Tuesday.
“A military official has told me about the start of a seismic study in an area of Palawan (that is FECOF .048) which allegedly is as big as Iraq’s proven reserves. Iraq, by the way, has the second biggest proven reserve next to Saudi Arabia,” he said in his speech.
The President also cited that local officials of Mindoro Occidental have also informed him about the “sizeable natural gas field” that is being verified in their province.
“Those are the natural resources that are found in the country but there are also those secured by our hard work,” he said.
Apart from oil exploration projects, the President highlighted the flow of investments in the country coming from Japan and other countries. (Genalyn Kabiling)
eom7...nice call there!!!
LDRXF. $0.65 18M OS w PE of 3... see post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59152917
FECOF .037 - news expected this week... RADAR IMO
FECOF .0429... next week should fun! DO THE DD
http://investorshub.advfn.com/boards/board.aspx?board_id=6987
(ARK/APEUF).11 - Archer Petroleum Corp: looks like the deal closed IMO!
That would mean news soon...
Claude Perrier, CEO, states: "Since we believe that the pay in the well will be, at best, marginally profitable, we will be abandoning the Radway Prospect to deploy our assets into projects that meet our economic objectives. In that regard, we are currently working out final agreements on our major project in the previously announced Matagorda Bay Prospect in the Texas Gulf of Mexico. We have agreed to extend the closing date of this opportunity to January 17th to allow all documentation to be properly completed. Details should be forthcoming on that program after closing."
Bargain oil junior - EOG.L
Current share price 30.5p. 2 year target much higher, with a forward NAV of 521p.
Europa Oil & Gas could see significant re-rating in 2011 – finnCap
FinnCap published a note on Europa Oil & Gas (Holdings) PLC (EOG on LSE), saying 2011 is set to be an important year for the group, with several high impact appraisal wells due to be drilled that could lead to a step change in the scale of the business.
The report came out a day after Europa announced the West Firsby-9 development well has reached a depth of 2,855 feet, has been cased and cemented and the rig is preparing to drill ahead. West Firsby-9 is being engineered as a 2,000 feet long near-horizontal producer for the West Firsby field in Lincolnshire with the reservoir expected to be encountered in a structurally high position on the field.
The broker said that, with up to five wells due to be drilled during 2011, Europa is entering a period of significant growth potential as it seeks to boost reserves and production.
“However, despite a well balanced licence portfolio, solid – albeit mature – production assets and an active drilling programme, the stock trades at an 80 percent discount to total net assat value. As a result, we believe a successful drilling programme could trigger a material re-rating as the potential value of these assets becomes more apparent than in the past,” finnCap said.
The broker believes that high impact appraisal drilling on the Barchiz and Voitinel-Solca discoveries in Romania provides material upside potential in 2011. If results are positive it expects both projects to move rapidly into development, significantly boosting Europa’s reported reserves.
In aggregate, finncap estimates 11.1 million barrels of oil equivalent (mmboe) net to Europa will be targeted and it values this potential at 75.4 pence per share fully de-risked. Further out, in 2012, it considers appraisal of the ultra-high impact Berenx gas field in France a key driver, with an estimated 1.7 trillion cubic feet gas-initially-in-place.
Regarding West Firsby, it said a reserve report on the field has highlighted material infill opportunities that could materially boost production from the field during early 2011. The first of three infill wells is underway, with two further wells contingent on the performance on the first.
Finncap’s total NAV for Europa is 87.0 p/share and is made up of an 7.7p core NAV, underpinned by producing assets and a strong balance sheet, and a 79.3p risked NAV.
“Risked upside is weighted towards lower risk appraisal projects, with several potentially moving into the development phase within the next year. Unrisked, our total NAV rises by 500 percent to 521.9 p/share and offers 27x upside potential to the current share price, although future funding requirements in a success case would dilute this,” it added.
http://www.proactiveinvestors.com/companies/news/11436/europa-oil-gas-could-see-significant-re-rating-in-2011-finncap-11436.html
http://www.europaoil.com/
OIL IS HEATING UP! FEEL FREE TO POST YOUR OILY PICKS AND ADD AS MUCH DD AS YOU CAN.
LET'S MAKE SOME MONEY!!~
Common Abbreviations
bbl. = barrel
b/d = barrels per day
Mcf = thousand cubic feet
MMcf = million cubic feet
Bcf = billion cubic feet
Tcf = trillion cubic feet
BTU = British Thermal Unit
NGL = Natural Gas Liquids
LPG = Liquified Petroleum Gases
Energy Conversions
One barrel of crude oil equals:
42 gallons
5,800,000 BTU of energy
5,614 cubic feet of natural gas
0.22 ton of bituminous coal
One cubic foot of natural gas equals:
7.48 gallons
1,030 BTU of energy
0.000178 barrel of crude oil
0.00004 ton of bituminous coal
One short ton of bituminous coal equals:
2,000 pounds
26,200,000 BTU of energy
4.52 barrels of crude oil
25,314 cubic feet of natural gas
One metric ton of crude oil equals:
2,204 pounds
7.46 barrels of domestic crude oil
6.99 barrels of foreign crude oil
One cubic meter of natural gas equals:
35.314 cubic feet
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |