Some good plays in Navarro County was looking at some the other day. Curious what the AFE is for these reworks and what kind of reserves or anticipated production (and life of production) they expect.

Ouch, they must not know how these convertibles work out. And for only $42k+. Hopefully they hit a gusher to make up for this one.

Schlumberger Announces Record Date for Dividend

Jul 24, 2012 8:00:00 AM
Copyright Business Wire 2012
PARIS--(BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) issued a press release on July 19, 2012, indicating that its Board of Directors had declared a quarterly dividend of $0.275 per share of outstanding common stock, payable on October 12, 2012 to stockholders of record at the close of business on September 3, 2012. For clarification, the effective record date for the dividend will be the close of business on August 31, 2012, not September 3, 2012.

About Schlumberger

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 115,000 people representing over 140 nationalities and working in about 85 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues from continuing operations of $36.96 billion in 2011. For more information, visit www.slb.com.



Schlumberger

Malcolm Theobald, + 1 (713) 375-3535

Vice President of Investor Relations

or

Joy V. Domingo, + 1 (713) 375-3535

Manager of Investor Relations

investor-relations@slb.com

Source: Schlumberger


----------------------------------------------

Schlumberger

Malcolm Theobald
+ 1 (713) 375-3535

Vice
President of Investor Relations

or

Joy V. Domingo
+ 1 (713)
375-3535

Manager of Investor Relations

investor-relations@slb.com

CAMAC Energy Announces Divestiture of China Gas Block

Jul 24, 2012 7:00:00 AM
HOUSTON, July 24, 2012 /PRNewswire/ -- CAMAC Energy Inc. (NYSE Amex: CAK) today announced that it has signed a definitive share sale and purchase agreement to divest its interest in the Zijinshan Gas Block in China to Leyshon Resources Limited (AIM/ASX:LRL) ("Leyshon"), a natural resources mining company based in Beijing.

Under the agreed terms, CAMAC Energy will divest its wholly-owned Hong Kong subsidiary Pacific Asia Petroleum Limited (PAPL) for a cash consideration of $2.5 million and 10 million fully paid ordinary shares in Leyshon. The transaction is expected to close within 14 days.

The Company was advised by Somerley Limited in Hong Kong.

"CAMAC Energy is pleased to execute this definitive share sale and purchase agreement with Leyshon Resources for the sale of our Chinese assets," said Chairman and CEO, Dr. Kase Lawal. "In addition to providing a cash infusion and a shareholder interest in Leyshon, this transaction also eliminates the Company's future financial obligations for overhead and exploration expense in China. All proceeds and savings will be reinvested in our African exploration projects. Finally, I'd like to thank all of our employees in China for their years of dedicated service, and I wish them well as they join the team at Leyshon Resources."

About CAMAC Energy Inc.

CAMAC Energy Inc. (NYSE Amex: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company currently has operations in Nigeria and, through its Pacific Asia Petroleum subsidiaries, in China. The Company's principal assets include interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and a 100% interest in the Zijinshan Block gas asset located in the Shanxi Province, China. CAMAC Energy has recently acquired six exploration blocks in Kenya and Gambia and is currently pursuing further additions to its exploration portfolio in East and West Africa. The Company was founded in 2005 and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, are "forward-looking statements," including statements regarding the Company's proposed transactions, business strategy, plans and objectives and statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "should," "believes," "expects," "anticipates" or similar expressions, and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of their respective dates. Risks and uncertainties regarding the transactions described herein include the possibility that the closing of the transactions does not occur, either due to the failure of closing conditions or other reasons, risks that the transactions disrupt current plans and divert management from day-to-day operations, and the amount of the costs, fees, expenses and charges related to the transactions. In addition, the Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of other factors including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission ("SEC"). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

About Leyshon Resources Inc.

Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its mining sector to foreign investment. It has been fully engaged in China since then with its main operating office located in Beijing. The Company is planning to invest in high quality coal assets in Xinjiang and South West Mongolia which will sell into the escalating demand for thermal and metallurgical coal across China over the next ten years.

Contacts

Media:

CAMAC Energy Inc.

Cristy Taylor, 713-797-2940

PR@camacenergy.com

or

Investor Relations:

Jason Lee

832-209-1419

IR@camacenergy.com

or

Liviakis Financial Communications, Inc.

John Liviakis, CEO

415-389-4670



SOURCE CAMAC Energy Inc.

I like WFT here and see great upside going into 2013.

That we will :)

I will check it out thank TBB. No volume today you expecting that to change?

Oh yes I completely agree. I forgot to link but part of that was from an article I was reading. I am very favorable for the oil sands and the installation of the pipeline.

I did read the article the other day about how it will cost the US taxpayer the costs for the Arctic but I am a firm believer in new sources of oil. I can only assume due to the increases expenses to the US that there are taxable revenues that will be generated a well from these projects?

I think it was attractive when it broke $30, should have potential to reach Feb highs in the $38's again by year end IMO.

Right that was my thinking to. As the low holders flipped to higher cost basis a new group of investors will be looking for higher highs and less resistance at these levels. Eager to see what kind of news management has in store for us.

Ok thanks was trying to find out when Asher converts or if they are already converting. Guess I will dig deeper. Thanks.

Ha fair enough.

Plains All American has completed over 70 acquisitions over the last 11 years and expects to spend $500 to $750 million on average each year on acquisitions. At the company's current value, this equates to 5% to 6% growth just from acquisitions. The privately held PAA general partner has been willing to modify incentive distribution rights to ensure that acquisitions are accretive to the distributions paid to L.P. unit holders.

The bottom line for investors is that Plains All American Pipeline is a company which has generated steady distribution growth for investors - increasing 32 out of the last 34 quarters. Over the last 10 years, distributions have increased by an average of 7.5% per year. The company has targeted 9% distribution growth from 2012 and the projected distributions are covered 1.3 times by the projected distributable cash flow. The current dividend yield for PAA is 5.3%.

TransCanada is one of the west's largest pipeline companies with a market capitalization of about $30 billion, and 2011 sales of a little over $9 billion. It divides itself into three separate groups; oil pipeline, gas pipeline, and energy. All its tangible assets are in North America.

Transcanada's big concern is whether it will ever receive approval from the United States to construct its massive $7 billion (or likely, more) Keystone XL oil pipeline from western Canada's oil sand fields to refineries along the Texas Gulf Coast. It all makes some sense, until one realizes what the increased development of tar sands means not just for Canada, but for the United States as well.

Perhaps the fact that the United States as a whole just completed the warmest first half of the year in recorded history makes the point that oil sands are environmentally indefensible. Study after study has shown that the environmental impact of tar sands is far more carbon intensive than any other form of drilling, and that the energy needed to process the tar sand makes it hardly worth the effort.

Enbridge Energy Partners (EEP -0.9%) is downgraded to Neutral from Buy with a reduced $29 target price at Global Hunter, which believes a weakening economy and high propane and ethane inventories indicate NGL prices may stay lower for longer. The firm expects EEP to issue equity to reduce leverage before year's end.

Reasons Why Kinder Morgan Is Overvalued

The main reason for my bearish stance is a mismatch between KMP's operating performance and dividend distributions, which I consider unsustainable in the long-run. Kinder Morgan just announced disappointing Q2 earnings:

Revenues came in at $1.85 billion, which is about 5% lower compared to last year, and missed consensus estimates by $350 million

Net earningsYOY are down a whopping 33%

EPS came in at $0.37, missing consensus by a healthy 21%.

Didn't happen :)

Sorry is La Jolla Cove Asher or did I miss something? I thought they were on different coasts.

Yeah I them mention Asher in the post but the 8k looked like something else. Also I may mention it is not unusual for them to have multiple notes, so if one converts then, they may still have shares or have other conversion dates to look for.

I agree, was waiting to see if there is any plan presented at the AGM. Haven't read the posts from today so didn't see if there were highlights.

Would be interested to see that DD. Most of the deals I have seen Asher do give them access to trading shares asap but this may be different.

Yes those are two of mine. Slow but steady on those. Hoping for AMEX in a couple years.

Thanks for the charts but they don't seem to be working....?

Oh one more thing, make all my oil stocks go up muahahaha!

The trend in the charge backs up the optimistic reaction to the resent news. Mentions 3 acquisitions, could be a monster play in a few weeks. Tick tock tick tock.

Great article. I like this excerpt.

I agree it appears to be ready for higher highs and higher lows.

I thought I saw someone post it was 200M + but will have to go back through the posts. (don't quote me) Either way that is not bad for where the price is I have rode stocks from .001's to .05's before with over 500M shares out and less going for them then PDGO. GLTUA

Thanks for the links!

My thoughts exactly, sooner or later a group of profit takers will unload and likely cause some panic selling along the way. Possibly a good opportunity to buy here. Will look to see if she starts to bounce in the AM.

Any idea if the convertible notes are coming out in the market here or if there are any left to convert?

It took over 9M shares last time it broke $0.02 (06-22-12). I wonder if the float is tighter and cost basis' higher where it may not take as much.

I wondered what was driving the price today besides one of my guys buying. Any ideas what the news may entail?

Nice action today. Starting to like the potential here even more.

That is actually news to me. I was just reading something the other day calling it the largest oil company (and large company in general I think) in the world. Got a link that says otherwise?

Yeah I am very excited to see what boss man does once that non-compete comes off!

Yeah I am very excited to see what boss man does once that non-compete comes off!

Very positive news today. I see upside from here as they unlock those reserves.

I like it here too. The key will be drilling those reserves and further expanding proven numbers. Based on the amount of eyes on this stock I would expect any positiveness and we could see a consider move from here.

You know what they say, I've got oil in my veins! How can I love oil sooo much and not be holding CVX :)