Real Goods Solar to Power 18 Stockton Unified School District Schools and Facilities with Solar Energy
5.1 MW Project Expected to Save School District $600,000 in Energy Costs in First Year Alone
RGS Energy, the commercial and utility division of Real Goods Solar, Inc (RSOL), and Smart Energy Capital (SEC), will provide Stockton Unified School District (SUSD) with 5.1 megawatts (MW) of solar power that will bring clean energy to 18 SUSD schools and facilities in California. The solar installations are expected to save the district $600,000 in the first year, which will directly benefit school programs and services district wide.
Bengal's Drilling Campaign Continues to Show 100% Success Rate - Now 10 for 10 at Cuisinier in the Cooper Basin
Bengal Energy Ltd. (TSX:BNG.TO) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 8 well ("Cuisinier 8"), the second well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta sub-block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.
The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately 7.6 metres of net sandstone with a preliminary estimate of 6.8 metres net pay.
TAG Oil Targets Unconventional Discoveries with First Oil and Gas Exploration Well in New Zealand's East Coast Basin
TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce that drilling of the Ngapaeruru-1 exploration well is now underway in TAG's 100% controlled Petroleum Exploration Permit 38349, located in the East Coast Basin of New Zealand. The Ngapaeruru-1 exploration well, spudded at 4:30am on April 22nd, 2013 is targeting the Waipawa Black Shale and Whangai source rock formations at an anticipated depth of 1,800 meters, and will test the unconventional discovery potential in this portion of the Basin.
ABB to Acquire Power-One to Become a Global Leader in Solar Photovoltaic (PV) Inverters The boards of ABB and Power-One have agreed to a transaction in which ABB will acquire Power-One at $6.35 per share or approximately $1 billion equity value, which includes Power-One's net cash of $266 million Combination creates global leader in the most attractive and "intelligent" part of the PV value chain Deal gives Power-One access to ABB's substantial R&D, global service and sales capabilities and complements ABB's growing inverter business and leadership in power electronics Right time: Solar PV industry is set for 10 percent-plus annual growth as PV-generated power rapidly approaches grid parity in many countries and will change the energy mix in the long term Management continuity ensured Integration with proven approach into the Discrete Automation and Motion division Transaction expected to close in 2H 2013, subject to shareholder and regulatory approvals
ABB (ABB), the leading power and automation technology group, and Power-One, Inc. (PWER), a leading provider of renewable energy and of energy-efficient power conversion and power management solutions, today announced that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value.
Quattro, Announces the Closing of the Acquisition of 39 boe/d of Oil and Gas Production in Alberta and Welcomes the Addition of Jeff Boyd, P.Eng to our Management Team
Quattro Exploration And Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce that it has entered into an arms-length agreement with a private Alberta-based oil and gas exploration and production company to acquire certain oil and gas interests in eastern Alberta.
The acquisition is comprised of a 100% interest in a package of gas producing properties, currently producing an aggregate 39 boe/d (of which 4% is natural gas liquids), and additional associated undeveloped lands in east central Alberta.
Vanoil Energy Ltd.: Fluormin Transaction Update and Entry Into Transfer Agreement in Respect of Block L9 Kenya
Vanoil Energy Ltd. (TSX VENTURE:VEL), a TSX-V-listed oil and gas company with a portfolio of assets in East Africa ("Vanoil"), is pleased to announce that, following the announcement on 26 March 2013, confirming its intention to acquire the entire issued and to be issued share capital of AIM-listed Fluormin PLC (AIM: FLOR) ("Fluormin"), it has received confirmation of Fluormin's shareholders having passed by the necessary majorities, the resolutions proposed at the Court Meeting (convened by order of the High Court of Justice in connection with the scheme of arrangement) and at the general meeting held yesterday.
Africa Oil Confirms Lower Lokhone Oil Discovery in Ngamia-1 Well and Provides Operational Update
Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide the following operational update on its projects in East Africa.
The first of six drill stem tests at the Ngamia-1 well has been concluded. This test was in the Lower Lokhone formation where up to 43m of potential pay had previously been identified by logging and MDT sampling. The well flowed 281 barrels of 30 degree API oil per day with the assistance of a Progressive Cavity Pump (PCP). The remaining 5 tests will be conducted in the Auwerwer (formerly Upper Lokhone) sandstones which are the highest quality reservoirs penetrated in the Ngamia well and which produced very well in the recent tests at the Twiga South-1 well. Results of these remaining Ngamia tests are expected to be announced by early June.
Petrobakken Announces Q1 2013 Operations Update With Average Production of 49,100 Boepd
PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN) is pleased to provide an update on our first quarter operations. Note that all well counts contained in this press release are net numbers.
Consistent with our capital plan, the first quarter of 2013 was very active as we drilled 53 wells, placed 40 wells on production and exited the quarter with an inventory of 30 wells waiting to be brought on-stream. Although well activity decreased from the fourth quarter of 2012, production continued to grow and averaged 49,079 barrels of oil equivalent per day ("boepd") (82% light oil and liquids weighted) during the first quarter.
DeeThree Exploration Ltd. Announces a 1580 bbl/d Brazeau Belly River Oil Test
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce the results of a four day production test of its most recent horizontal Belly River oil well in its Brazeau property. The Company has a 100% working interest in the well.
After fracture stimulation, the well continued to flow for four days up the 4 1/2" frac string at an average rate of 1770 bbls/d of 44° API reservoir oil and 1.6 mmscf/d of natural gas with a final rate of approximately 1,580 bbls/d of oil and 1.8 mmscf/d of natural gas (on a 1.5" choke at a wellhead pressure of 40 psi).
GE to Acquire Lufkin Industries GE (NYSE: GE) and Lufkin Industries Inc. (NASDAQ: LUFK) announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion. Lufkin shareholders will receive $88.50 per share in cash for each of their Lufkin shares.
Artificial lift, used in 94 percent of the roughly 1 million oil-producing wells around the world, helps lift hydrocarbons to the surface in reservoirs with low pressure and improves the efficiency of naturally flowing wells. Upon close, Lufkin will broaden GE Oil & Gas’ artificial lift capabilities beyond electric submersible pumps (ESPs) to include rod lift, gas lift, plunger lift, hydraulic lift, progressive cavity pumps and a sophisticated array of well automation and production optimization controls and software. The ESP category of artificial lift is the only lift segment in which Lufkin does not currently compete.
Lundin Petroleum Spuds Exploration Well on the Carlsberg Prospect in the Southern North Sea
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) (Lundin Petroleum) is pleased to announce that drilling of exploration well 7/4-3 in PL495 has commenced. The well will target the Carlsberg prospect, which is located some 24 km north of the Lundin Petroleum operated Brynhild field in the North Sea, offshore Norway, and approximately 22 km east of the UK Everest field.
The main objective of well 7/4-3 is to prove the presence of hydrocarbons in Upper Triassic and Upper Cretaceous reservoirs. Lundin Petroleum estimates the Carlsberg prospect to contain unrisked, gross, prospective resources of 67 million barrels of oil equivalent (MMboe).
Gastar Exploration Ltd. Declares Monthly Cash Dividend on 8.625% Series A Preferred Stock of Gastar Exploration USA, Inc.
Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that Gastar Exploration USA, Inc., the wholly-owned subsidiary of Gastar, has declared a monthly cash dividend on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") for April 2013.
The dividend on the Series A Preferred Stock is payable on April 30, 2013 to holders of record at the close of business on April 15, 2013. The April 2013 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The Series A Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRA."
LNG Energy Enters Into Farm-In Agreement in Papua New Guinea With Heritage Oil PLC
LNG Energy Ltd. ("LNG") (TSX VENTURE:LNG) is pleased to announce that its subsidiaries, Telemu No. 18 Limited ("Telemu"), LNG Energy (PNG) Limited and LNG Energy No. 2 Limited, have entered into a farm-in agreement with wholly owned subsidiaries of Heritage Oil Plc ("Heritage"). In exchange for an 80% participating interest in the PPL 319 and PRL 13 licenses, Heritage will make a cash payment to Telemu of US$4 million, fund the acquisition of a minimum of 100 km of seismic within the license areas and fund the drilling of one exploration well in PPL 319 to a depth sufficient to test identified exploration targets. Closing is subject to certain conditions including customary government approvals. On closing, Heritage will become the operator under both licenses.
Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets
Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd.
Quicksilver will remain as operator of the assets. Future development spending will be shared in proportion to each party's working interest in accordance with applicable operating agreements.
The effective date of the transaction is September 1, 2012. Closing is expected to occur on April 30, 2013 and is subject to customary closing conditions.
Gastar Exploration Announces Mid-Continent Acquisition, Resolution of Litigation and Mid-Continent Operational Results
- Will add 157,000 net acres to Gastar's existing Mid-Continent position - Transactions to include repurchase of 6.8 million shares of common stock and settlement of all litigation with Chesapeake
Gastar Exploration Ltd. (NYSE MKT: GST) today announced that it has entered into a definitive agreement to acquire proven reserves and undeveloped leasehold interests in Kingfisher and Canadian counties, Oklahoma from Chesapeake Energy Corporation, repurchase Chesapeake's common shares of the Company and settle all litigation for $85 million. The acquisition includes drilling rights omin approximately 157,000 net acres that adjoin Gastar's existing Mid-Continent acreage and approximately 2.8 MMBoe of proven reserves. The transaction is expected to close on or before June 7, 2013, subject to customary closing adjustments, and with a property purchase effective date of October 1, 2012.
Athabasca Oil Corporation reports a significant increase in bitumen contingent resources and light oil reserves, and assigns 51 million barrels of proved reserves at Hangingstone
Athabasca Oil Corporation (TSX: ATH) announces that it has filed its Annual Information Form dated March 28, 2013, which can be retrieved electronically from the Company's website (www.atha.com) or from SEDAR (www.sedar.com).
Athabasca is also pleased to report the highlights of an independent reserves and resources evaluation, conducted by GLJ Petroleum Consultants Ltd. and DeGolyer MacNaughton Canada Limited, of the Company's thermal and light oil assets, at December 31, 2012.
Junex Announces an Increase of its Total Oil-Initially-in-Place Resources to 330 Million Barrels on its Galt Property, Quebec, Canada
QUEBEC CITY, QUEBEC--(Marketwire - March 27, 2013) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that Netherland, Sewell & Associates, Inc., ("NSAI"), a firm of worldwide petroleum consultants based in Texas, has provided an update of their Best Estimate of the total Oil-Initially-In-Place ("OIIP") resources at 330 million barrels for the Forillon and Indian Point formations on Junex's Galt Field property on the Gaspe Peninsula.
Niko Provides Corporate Updates
Niko Resources Ltd. ("Niko" or the "Company") (NKO.TO), provides the following corporate updates:
Proposed Sales of Certain Non-core Assets for $157 Million
Niko is in advanced negotiations with two separate third parties for the sales of certain non-core assets for combined sales proceeds of $157 million. The Company is working towards signing of definitive sale and purchase agreements by April 30, 2013. Further details on these transactions will be provided to the market as these transactions progress. Execution of the sale and purchase agreements will be subject to completion of final due diligence and approval by the respective boards of directors of the parties. Closing of the transactions will be subject to host government and regulatory approvals, other conditions customary for transactions of this nature, and closing adjustments.
ZaZa Energy Corporation Announces Joint Venture with Large Independent to Further Develop Its Eaglebine Assets
Joint venture partner to carry ZaZa on up to the first nine wells and make substantial cash payment
Joint venture partner to operate three-phase roll-out covering all of ZaZa’s acreage, save and except 19K net acres retained 100% by ZaZa in the middle of the block adjacent to recent discoveries
ZaZa Energy Corporation (“ZaZa” or the “Company”)(ZAZA) today announced that it has signed a Joint Exploration and Development Agreement (the “Agreement”) with one of the largest independent crude oil and natural gas companies in the United States to further develop ZaZa’s Eaglebine assets.
Gastar Exploration Reports Minimal Impact from Pipeline Disruption; Reaffirms First Quarter Production Guidance
Gastar Exploration Ltd. (NYSE MKT: GST) (Gastar) today announced that to date its production has been minimally affected by the rupture of a Williams Partners natural gas pipeline in Marshall County, West Virginia on Friday, March 22. The Company is reaffirming its previously issued first quarter production guidance of 38 to 41 MMcfe per day.
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