Cheniere Partners Receives $3.4B Firm Lender Commitments for Sabine Pass Liquefaction Project

-- Term Loan A upsized with executed commitments received for $3.4 billion
-- Financing expected to close by end of July 2012
-- Proposed Term Loan B no longer required due to upsizing of Term Loan A
-- Proposed Transfer of Creole Trail Pipeline anticipated to be postponed

Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP) announced today that it has received executed firm financial commitments in aggregate of approximately $3.4 billion to fund the costs of developing, constructing and placing into service the first two liquefaction trains of the Sabine Pass LNG liquefaction project (the "Liquefaction Project"). 

Published: 12 July 2012
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Passport Energy Ltd. Announces Successful Drill and Case of its First Operated Horizontal Bakken Oil Well in the Hardy Area of SE Saskatchewan

Passport Energy Ltd. (PPO - TSX Venture), ("Passport" or the "Company") is pleased to announce that, in conjunction with its partner American Eagle Energy Corporation ("American Eagle"), it has successfully completed drilling and casing its first operated horizontal Bakken oil well, PASSPORT MINTON HZ 1C11-32-3A-16-33-3-21W2M ("1C11-32 well"), in the Hardy South  property of Southeast Saskatchewan.  The well was drilled to a total measured depth of approximately 4,103 meters with a lateral section of approximately 1,874 meters in the Bakken Formation.

Published: 05 July 2012
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Africa Oil Discovers Additional Pay Section in Lower Portion of Ngamia Well

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to provide the following update on the Company's exploration activities in Kenya and Ethiopia.

The Ngamia-1 wildcat well in Kenya Block 10BB has now been drilled to a total depth of 2,340 meters, has made a significant light oil discovery and is now being suspended for future flow testing. In addition to the greater than 100 meters of net light oil pay in the Upper Lokhone Sand section previously reported, the well encountered an additional 43 meters of potential oil pay based on logs and the recovery of light oil on an MDT sample over a gross interval of 150 meters. Testing equipment including downhole pumps is being mobilized and the intention is to flow test a number of the zones in the Upper and Lower Lokhone Sands in the near future to confirm the full potential of this discovery.

Published: 04 July 2012
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Lundin Petroleum Enters Into Farmout Agreements For PL490 and PL492 in the Barents Sea

Lundin Petroleum AB's (Lundin Petroleum) (TSX:LUP)(OMX:LUPE) wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that it has entered into farmout agreements with Spring Energy Norway AS (Spring) and Norwegian Energy Company ASA (Noreco) in respect of licenses PL490 and PL492.

Spring will acquire a 10 percent interest in PL490 and Noreco will acquire a 10 percent interest in PL492, both licenses located in the Barents Sea.

The farmout agreements are subject to approval by Norwegian authorities.

Lundin Petroleum is the operator of both PL490 and PL492 and will have 50 percent working interest in PL490 and 40 percent working interest in PL492 after the farmout to Spring and Noreco.

Published: 04 July 2012
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TAG Oil Reports 300% Increase in Reserves, 227% Increase in Production Revenue & Strong Year End Financial Results

TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian-based production and exploration company with focused operations in New Zealand, reports the Company has filed its March 31, 2012 consolidated, audited financial statements, management discussion and analysis and annual information form with the Canadian Securities Administrators for the Company's 2012 fiscal year-end. Copies of these documents can be obtained electronically at http://www.sedar.com, or for additional information please visit TAG Oil's website at http://www.tagoil.com/.

Published: 03 July 2012
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  1. Progress Energy Resources Corp ( PRQ )
  2. Anatolia Energy Corp ( AEE )
  3. Petrominerales Ltd ( PMG )
  4. Lundin Petroleum ( LUP )
  5. Anatolia Energy Corp ( AEE )