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Last updated on April 16, 2014 at 17:34 EDT

Latest oil reserves Stories

2013-09-04 20:20:36

HOUSTON, Sept. 4, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash preferred stock dividend and reported year-end reserves as of June 30, 2013, with comparisons to reserves as of June 30, 2012 (the "prior year"). September Preferred Dividend The Company declared today a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of September 2013 and is payable on September...

2013-09-04 08:24:00

First Discovery in West Africa an Important Milestone CALGARY, Sept. 4, 2013 /CNW/ - Elephant Discovery Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announced that the E-1 exploration well targeting the Elephant (formerly Xiang) prospect in the Haute Mer A license area in Congo (Brazzaville) discovered natural gas and crude oil. The Elephant discovery will be tested in early 2014 as part of the multi-well drilling and testing program in...

2013-08-24 23:02:33

“Enhanced Oil Recovery: Technologies and Global Markets” are the new market research reports added to the online library of ReportsnReports.com. This analyze global market trends, with data from 2010, 2011 and 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018. Dallas, Texas (PRWEB) August 24, 2013 Continually rising global demand for petroleum combined with various supply and political factors resulted in the rapid escalation of its price...

2013-08-08 00:20:34

CALGARY, Aug. 7, 2013 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "Company") is pleased to announce the results of contingent and prospective resource studies (the "Resource Reports") recently completed by an independent qualified reserves evaluator on behalf of the Company, covering the Company's interests in the Slave Point, Viking, Waskada, Swan Hills and Cardium. The Resource Reports further substantiate Penn West's ongoing assessment of the...

2013-07-30 08:23:18

CALGARY, July 30, 2013 /PRNewswire/ - Madalena Ventures Inc. ("Madalena" or the "Company") (TSX-V: MVN), an international and Canadian ("domestic") focused upstream oil and gas company is pleased to provide the following operational update on its international assets. International Operations Update - Neuquén Basin, Argentina Madalena holds three blocks / concessions within the prolific Neuquén basin in Argentina and is moving forward to delineate its large in-place...

2013-06-18 08:24:21

CALGARY, June 18, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") (TSX: OXC) today announces that on June 10, 2013 the Sakson Hilong 10 rig (2000 HP) spudded the AAS-1 well in the Hawler license area in the Kurdistan Region of Iraq. The AAS-1 well is targeting the Ain Al Safra prospect which is estimated to contain 225 MMbbl in unrisked gross (100%) prospective oil resources (risked: 44 MMbbl) based on evaluations as of March 31, 2013 made by...

2013-06-17 16:21:32

CALGARY, June 17, 2013 /PRNewswire/ -  Madalena Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE: MVN) is pleased to provide the following update: International Update - Hiring of Advisor and Curamhuele Block Extension As announced in a press release dated June 11, 2013, the exploration period for Madalena's 90% W.I. Curamhuele block was extended by way of an official decree signed by the Province of Neuquén.  This one year extension allows Madalena...

2013-06-14 08:20:59

BEDFORD, Texas, June 14, 2013 /PRNewswire/ -- PetroTech Oil and Gas Inc. (OTC PINK: PTOG), announced today PetroTech Oil and Gas Inc. entered into a contract with American Eagle LTD. in Angus Texas, Navarro County, to purchase 8 producing wells for $185,000.00, fully equipped and producing 180 barrels per month with a 12 to 14 month payout. "The Seller represents that these wells are producing 180 barrels per month, and would allow us 60 days to go in and manage the production before...

2013-06-11 08:24:19

CALGARY, June 11, 2013 /PRNewswire/ - Madalena Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE: MVN) is pleased to provide the following update: International Update - Curamhuele Block Extension Following an application and approval process through the first half of 2013, the exploration period for Madalena's 90% W.I. Curamhuele block has been extended by way of an official decree signed by the Province of Neuquén in Argentina.  This one year extension...

2013-06-04 08:23:31

Ernst & Young's 6th annual US oil and gas reserves study reveals oil and gas producers boosted 2012 capital expenditures and production despite lower profits HOUSTON, June 4, 2013 /PRNewswire/ -- US oil and gas producers significantly increased exploration, development and acquisition spending in 2012 despite a 58% decline in after-tax profits that was largely driven by low natural gas prices, according to Ernst & Young's US oil and gas reserves study. The study analyzes US...