Latest oil reserves Stories
HOUSTON, April 3, 2013 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) (the "Company") today provided an operational update for its 32-percent-owned Venezuelan affiliate, Petrodelta, S.A. (Petrodelta) as well an update on Harvest's international exploration activity, reserves and corporate and financial reporting matters. VENEZUELA Total proved plus probable reserves on December 31, 2012, net to Harvest's 32 percent share of Petrodelta, were 100.23 million barrels of oil...
HOUSTON, April 2, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of April 2013 and is payable on April 30, 2013 to holders of record at the close of business on April 15, 2013. The payment will be 1/12(th) of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation...
CALGARY, Alberta, March 27, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER) is pleased to announce that, further to its press release dated September 17, 2012, it has signed binding documentation ("Final Agreements") with Oando Plc ("Oando"), to indirectly acquire, from Oando, equity interests in Oando Qua Ibo Limited ("OQI"), a Nigerian company established to hold a 40% participating interest in the Qua Ibo Marginal Field within Oil Mining...
DENVER CITY, Texas, March 11, 2013 /PRNewswire/ -- Multi-Corp International Inc. (the "Corporation") (OTCQB: MULI) is pleased to announce the results of an independent reserve evaluation on its oil property in the Cave Pool field in Eddy County, New Mexico, USA. The Corporation owns a 100% working interest in 2,800 acres in the Cave Pool Unit and field, which contains approximately 40 wells, that have produced but are currently shut-in. An independent reserve evaluation prepared by...
HOUSTON, March 4, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of March 2013 and is payable on April 1, 2013 to holders of record at the close of business on March 15, 2013. The payment will be 1/12(th) of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation...
TORONTO, March 4, 2013 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today the results of an independent evaluation of the Company's reserves in reports effective December 31, 2012, which show that the Company's net 2P reserves grew by 27% when compared to December 31, 2011. José Francisco Arata, President of the Company commented: "We look at these reserves reports for 2012 as a clear demonstration of the robustness of our...
224 Million Barrels of Proved plus Probable (2P) Reserves; NPV of $1.86 billion Average Production 1(st) Quarter to Date 16,800 bopd CALGARY, Feb. 24, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide the results of its December 31, 2012 independent reserves evaluation. Evaluations were conducted by RPS Energy Canada Ltd. (RPS) for the Patos-Marinza oilfield, Albania and by DeGolyer and McNaughton Canada Ltd....
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the...
KELOWNA, British Columbia, Feb. 19, 2013 /PRNewswire/ -- Lexaria Corp. (OTCQB: LXRP) (the "Company" or "Lexaria") announces its highest levels ever, for oil production for the fiscal year ending October 31, 2012. Oil production, NET to the Company, at the Belmont Lake oil field located in Mississippi, was 17,540 barrels (approximately 47,217 gross field barrels) compared to 16,900 net barrels one year earlier. During the Company's first quarter ending January 31, 2013, gross field...
HOUSTON, Feb. 15, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) announced today that it will present at EnerCom's The Oil & Services Conference(TM) 11 in San Francisco, to be held at the Omni San Francisco on February 19-21, 2013. Robert S. Herlin, President and Chief Executive Officer, is scheduled to make a presentation on Wednesday, February 20, 2013, at 10:30 a.m. Pacific Standard Time (1:30 p.m. Eastern Standard Time). The presentation will be...
