Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today gave a brief update on its operations in Kazakhstan focused on its oil exploration and appraisal program.

The AKD03 (Dione) exploration well is currently at a depth of 2,823 metres (in what is interpreted to be the middle Jurassic sequence) and casing has been run. Hydrocarbons have been indicated from drilling and log data in three zones and a testing programme is planned for the near future. Once this testing programme has been carried out the well will be drilled deeper into the Triassic sequence.

The G6RE (Dodone) well has now been drilled to a depth of 2,835 metres in order to test a deeper potential oil bearing zone identified from the wireline logs in the original G6 hole. The hole is currently being prepared to run casing but differential sticking in the bottom section probably caused by higher formation pressures and permeable zones has slowed down the process. Once casing has been run, preparations for testing can commence.

Sterling Resources Ltd. (TSX-V:SLG) ("Sterling" or the "Company") is pleased to announce the successful drilling of the Cladhan sidetrack well located on Block 210/29a in the United Kingdom North Sea, some 225 miles north east of Aberdeen, Scotland, in 536 feet water depth. Sterling holds a 39.9% interest and is the operator of the License P1064. Partners are Wintershall (UK North Sea) Ltd 33.5%, Encore Petroleum Ltd 16.6% and Dyas UK Ltd 10%. The original discovery well 210/29a-4 was drilled in November 2008 to a depth of 9,734 feet and discovered oil bearing sands in an Upper Jurassic stratigraphic trap.

Reservoir delineation activities started earlier this month by re-entering the well and sidetracking to an updip location approximately 3,150 feet from the discovery well. The sidetrack was drilled to a total depth of 11,215 feet, encountering a gross hydrocarbon column of 159 feet with 102 feet of net hydrocarbon bearing sandstones compared to the discovery well, which had 31 feet of net pay with 36 degrees API oil.

Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE)(BVC:CNEC) is pleased to provide an update of its development drilling program at its Rancho Hermoso Field, a field under commercial production, located in the Llanos Basin of Colombia, which is operated under a Participation Contract with Ecopetrol. The Corporation has completed flow testing of the Los Cuervos - Barco reservoir in the recently drilled Rancho Hermoso 6 ("RH 6") well, the first of five development wells planned for 2010. The RH 6 well encountered 115 feet ("ft") of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos - Barco, Guadalupe, and Ubaque. Three of the five reservoirs, the Ubaque, the Guadalupe, and the Los Cuervos - Barco, were flowed tested separately. On August 16, 2010, the Corporation announced that it had tested a gross rate of 3,340 barrels of oil per day ("bopd") from the Ubaque reservoir, and on August 23, 2010, the Corporation announced that it had tested 3,302 bopd from the overlying Guadalupe reservoir.

Well flows up to 1,077 BOPD from two zones independently without pumps, 850 BOPD comingled; no oil-water contacts identified

Gran Tierra Energy Inc. ("Gran Tierra Energy") (AMEX: GTE; TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced that it had completed initial testing of the Moqueta-2 delineation well in the Moqueta new field discovery on the Chaza Block in the Putumayo Basin, Colombia. Gran Tierra Energy has a 100% working interest and is the Operator of the Chaza Block.

"We are very pleased with the testing result at Moqueta-2, where oil flowed naturally at higher rates without pumps than Moqueta-1. Compared to Moqueta-1, the oil column is thicker and the oil bearing zones are more productive," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy.

Geokinetics Inc. (NYSE Amex: GOK) today announced that Petroleos Mexicanos (PEMEX) has awarded its Mexican subsidiary a seismic acquisition contract valued in excess of $110 million for work in Mexico. The project will be for a seamless Ocean Bottom Cable, Transition Zone and land seismic data acquisition survey that is scheduled to commence late in the fourth quarter 2010 and last through early 2012.

Richard F. Miles, President and Chief Executive Officer, commented, "We are especially pleased to have been chosen for this project as this award highlights the strategic rationale behind our recent acquisition of PGS Onshore.

"Sustained solid bidding activity gives us confidence that our backlog will continue to grow and that Geokinetics is well positioned to benefit as the industry continues to recover."

Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE)(BVC:CNEC) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed flow testing of the Guadalupe reservoir in the recently drilled Rancho Hermoso 6 ("RH 6") well, the first of five development wells planned for 2010. The RH 6 well encountered 115 feet ("ft") of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos - Barco, Guadalupe, and Ubaque. On August 16, 2010, the Corporation announced that it had tested a gross rate of 3,340 barrels of oil per day ("bopd") from the Ubaque reservoir, the first of 3 reservoirs to be tested in the well.

Sure Energy Inc. (SHR, TSX) ("Sure Energy") ("the Company") is pleased to report the production test results of its recent Redwater North horizontal well. The Viking formation was tested for three days and flowed an average of 315 barrels of clean, 35 API oil and 400 mcf of solution gas over the final 24 hours.

The Company anticipates the well to be on production in late September, once pressure testing and facility construction is completed.

The well is 100% owned by the Company and will qualify for the Alberta Government's Horizontal Oil New Well Royalty Rate of 5% for 24 months, to a maximum of 60,000 barrels.

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Sterling Resources Ltd. (TSX-V:SLG) ("Sterling" or the "Company") is pleased to announce the closing of its previously announced offering (the "Offering") of 21,055,000 common shares (the "Shares") at a price of $1.90 per Share. The Underwriters also exercised in full their over-allotment option to acquire an additional 2,368,500 Shares at a price of $1.90 per Share. The total offering of 23,423,500 Shares resulted in Sterling receiving aggregate gross proceeds of $44,504,650.

Mr. Frank Port, President and CEO of Covenant Resources Ltd. (the "Company") wishes to announce the signing of a Letter of Intent ("LOI") with Damont Energy Inc. for the acquisition of oil and gas leases in Montana. The LOI outlines the terms of the acquisition of all of Damont's right, title and interest in 41,500 net acres of oil and gas leases in "The SweetGrass Arch" Prospect located in Toole and Pondera Counties, Montana. The cost of the acquisition will be approximately $3.8 million, based on the issuance of approximately 19,000,000 shares of Covenant at a deemed price of $0.20 per share. Upon completion of due diligence and final negotiations, a definitive purchase agreement will later be entered into.

Pan Orient Energy Corp. (TSX VENTURE:POE) Concession L33 (POE 60% Working Interest and Operator)

L33-2 Exploration / Appraisal Well The L33-2 well has tested on free flow, 38 degree API crude at an average rate of approximately 2,370 BOPD gross (1,422 BOPD net POE) with a water cut of less 0.05% during the last 15 hours of a 36 hour test.

The L33-2 well was drilled from a surface location approximately 1.8 kilometers south of the L33-1 discovery well and was targeting the same L33-1 volcanic zone within an interpreted potential 9.8 square kilometer maximum areal extent structural closure. The variation in crude oil gravity (35 degree API at L33-1 compared with 38 degree API at L33-2) suggests the two structural culminations at L33-1 and L33-2 may be separate accumulations.

Nabors Industries Ltd. (Nabors) (NYSE:NBR) and Superior Well Services, Inc. (Superior Well Services) (Nasdaq:SWSI ) today announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services.  The agreement contemplates that Nabors will commence a tender offer for all outstanding shares of Superior Well Services common stock at a price of $22.12 per share in cash in accordance with the merger agreement.  The transaction is valued at approximately $900 million.

Gene Isenberg, Nabors' Chairman and CEO, commented: "For some time now, we have evaluated integrating more service offerings into our business, particularly internationally. Although we expect this acquisition by itself to be significantly accretive to 2011 results, our major motivator was the opportunity to leverage this well respected franchise into a global force utilizing our extensive international footprint and resources.  

Alange Energy Corp. (TSXV: ALE) announced today the filing on SEDAR (www.sedar.com) of the independent reserve and resource assessment report dated as of April 30, 2010 (the "Petrotech Report") prepared by Petrotech Engineering Ltd. ("Petrotech"), of Burnaby, Canada, relating to the current resource base of Alange Energy, in eleven oil and gas exploration and production properties in four basins in Colombia.

The Petrotech Report reserve and resource estimates set out in this press release were prepared in accordance with the requirements of Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Capitalized terms related to resource classifications used in this press release are based on the definitions and guidelines in the Canadian Oil and Gas Evaluation Handbook ("COGEH").

Hess Corporation (NYSE: HES) and American Oil & Gas Inc. (NYSE-AMEX: AEZ) jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the Boards of Directors of both companies in an all-stock transaction. The acquisition will increase Hess’ strategic acreage position in the Bakken oil play in North Dakota by approximately 85,000 net acres.

Under terms of the agreement, Hess has agreed to issue 0.1373 shares of its common stock in exchange for each outstanding share of American Oil & Gas’ common stock. This represents a 9.4 percent premium to American Oil & Gas stockholders based on the closing stock prices of Hess’ and American Oil & Gas’ shares on July 27, 2010. It is expected that Hess would issue approximately 8.6 million shares for all outstanding American Oil & Gas shares and options on a net settlement basis.

Covenant Resources Ltd. (CVA - CNSX),(the "Company") wishes to announce that in order to focus on oil and gas opportunities, the Company has decided to allow the option on its early stage Piebiter mining property to lapse. Based on the difficult market conditions for junior exploration companies in the mining sector, and based on the limited success to date on the exploration of the Piebiter property, the Company felt that it was in the best interests of shareholders to suspend any further expenditures on the mining property. Covenant's board of directors determined that there were other superior opportunities available in the energy sector. The Company is currently in discussions with a private oil and gas company and expects a letter of intent to be drafted within the next couple of weeks.

Africa Oil Corp. (TSX VENTURE: AOI) ("Africa Oil" or "the Company") reports that it has agreed to sell on a non-brokered, private placement basis, an aggregate of up to 20 million common shares of the Company at a price of Cdn $1.00 per share for gross proceeds of up to Cdn $20 million.

A 5% finder's fee may be payable on a portion or all of the private placement.

Net proceeds of the private placement will be used towards the Company's ongoing work program in East Africa as well as for general working capital purposes. Shares issued pursuant to the private placement will be subject to a four month hold period.

Santiago Pastor appointed Vice President, Operations for Ivanhoe Energy Ecuador

David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN), and David Martin, President and Chief Executive Officer of Ivanhoe Energy Latin America, announced today that the company's second well, IP-5b, located in the Pungarayacu field on Block 20 in Ecuador has successfully reached total depth and logging activities have commenced.

The company's operations in Ecuador are being led by Santiago Pastor, an important new addition to the Ivanhoe Energy Ecuador team. Mr. Pastor, newly appointed Vice President, Operations, joined the company from a senior position at Petrobras Ecuador.

Gamesa Technology Corp., a wholly owned U.S. subsidiary of Gamesa Corporación Tecnológica, a global manufacturer of wind turbine generators with headquarters in Spain and operations in the U.S., Europe, China and India has selected Tower Tech, Inc., a subsidiary of Broadwind Energy, Inc. (NASDAQ: BWEN), to supply structural wind towers for wind sites in the United States for installation in the second half of 2010.

Jim Buddelmeyer, vice president of purchasing at Gamesa stated, “Proven experience, flexibility and well-established competencies were key elements in our decision to select Broadwind’s Tower Tech subsidiary to construct our next-generation towers for these projects.”

“Tower Tech specializes in the production of heavier and more complex wind towers, with which turbine manufactures like Gamesa seek to expand the geographic footprint of wind power,” said Jess Collins, group president at Broadwind Energy. “We are delighted to extend our long, successful supply relationship with Gamesa through this project.”

Canoro Resources Ltd. ("Canoro" or the "Company") (TSX VENTURE:CNS) is pleased to announce the closing of its previously announced prospectus rights offering (the "Offering"). Under the fully subscribed Offering, the Company raised total gross proceeds of approximately CDN$13.9 million and issued 138,771,162 common shares of the Company ("Common Shares") to shareholders who exercised their Rights. Under the Offering, each eligible shareholder of the Company received one right ("Right") for each Common Share held and each Right was exercisable for one Common Share at a price of $0.10 per Common Share.

RockBridge Resources Inc. (RockBridge - "RBE") (TSX VENTURE: RBE) announces that production at the Woodrush oil and gas project, located in the Peace River Arch of British Columbia, increased substantially for the month of May with the operator reporting gross revenues of $1.7 million and an operating netback of $1.08 million. The project, in which RockBridge has a minor interest, produced 1,083 barrels of oil equivalent per day during May. The 332% improvement over the average gross monthly production during Q1-2010 follows 2 recent discoveries and the plans are to accelerate field development with additional drilling later this year. RockBridge has interests in 2,880 acres in the prolific Pembina Cardium field located about 50 miles southwest of Edmonton, which includes 35.71% in 1,120 acres, with work continuing by the operator in preparation for a planned horizontal drilling program to commence later this year, plus a 50% interest in the other 1,760 acres in the Pembina field. The operator has in total, identified 14 low risk horizontal drilling locations on the properties for development over several years.

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World") has been advised by project operator, Nido Petroleum Limited ("Nido") that several days of production testing of the Tindalo-1 well located in SC54A in the Philippines is complete. Key highlights of the testing include:

-- Extended production flow test yields 27 degrees API oil at a maximum flow rate of 18,689 bopd -- Well put on production June 6, 2010 with oil loading into a Floating Storage Offloading Vessel ("FSO") -- 44 meters of Nido limestone reservoir was perforated and stimulated -- Strategy to complete additional discoveries and prospects totaling over 200 million barrels of oil in place ongoing