Columbus Copper Corporation ("Columbus Copper") announces that it has entered into an agreement (the "Agreement") pursuant to which it will acquire the rights to pending onshore hydrocarbon licence Block 8 (the "Licence") in Albania through the acquisition of BVI-incorporated Dinaric International Energy Corporation and its Albanian subsidiary, Albanides Energy Sh.p.k.
BE Resources Inc. ("BE" or the "Company") announces that it has entered into a letter of intent to acquire (the "Acquisition") certain assets and operations of Southern Oil & Gas, LLC ("SOG") for the purchase price of US$3.45 million. The assets to be acquired are approximately 2,700 acres of oil and gas leases (the "Oil Leases") in Warren County in Kentucky, U.S.A., gathering lines, and service vehicles.
Newport Exploration Ltd. ("Newport" or "the Company") is pleased to provide an update on drill results from the Western Wet Gas Fairway, Wet Gas joint venture in the Cooper Basin, Australia, (Drillsearch 50%, Beach 50% and Operator) as reported by Drillsearch Energy Limited ("Drillsearch"), which is subject to the Company's 2.5% gross overriding royalty.
Saturn Minerals Inc. ("Saturn" or the "Company") announces that it has completed the interpretation of the latest seismic data with 3 additional recently acquired lines now totaling 60 km on the Bannock Creek property in eastern Saskatchewan.
Taipan Resources Inc. ("Taipan", "the Company"), through its Kenya-based subsidiary Lion Petroleum ("Lion"), is pleased to provide the following update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya.
Saturn Minerals Inc. announces that it has completed the previously announced 2D seismic program over Petroleum Exploration Permit 72 and that it has received final work permits to complete the seismic program on Petroleum Exploration Permit 71.
Taipan Resources Inc., through its Kenya-based subsidiary Lion Petroleum, is pleased to provide the following update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya.
Select Sands Corp. is pleased to provide an update on its ongoing drill program on its Sandtown Frac Sand property located in northeast Arkansas, USA. The Property is underlain by the Ordovician St. Peter sandstone formation, which is the source of 'Ottawa White' frac sand selling into the major US oil and gas plays.
Mr. John Squarek, President & CEO of Tanager Energy Inc. ("Tanager"), is pleased to report that Tanager has completed the production test on its first well at Joffre at a stabilized rate of 290 BOE/d (235 barrels per day of oil and 325 mcf/d of gas). Tanager is the operator and holds a 50% interest in this project with Viking Investments Group, Inc. holding the other 50%.
BE Resources Inc. ("BE" or the "Company") announces that it continues to take active steps towards completing its intended joint venture (the "Joint Venture") with Cunningham Energy, LLC ("Cunningham"), of Charleston, West Virginia to acquire approximately 425 acres of oil leases in the Stringtown, Rock Creek, and Green Creek oil fields (collectively known as the "Oil Leases") within the Smithfield District in West Virginia, and not less than approximately 400 additional acres to be agreed upon, contiguous to the Oil Leases, with a further first right of refusal to acquire additional oil leases to be agreed, being a minimum of 1,000 acres in area and allowing for a potential of up to an additional 15 horizontal oil wells, as announced by news release dated July 31, 2014.