Oil Search farms into Eaglewood’s PNG exploration licenseEaglewood Energy Inc. (formerly Surge Resources Inc.) will farm out to Oil Search (PNG) Ltd. on PPL260 in the Papuan Basin Fold Belt – one of Eaglewood’s four exploration licenses in Papua New Guinea.
Per the agreement, Oil Search will pay Eaglewood ~$1.5 million and complete the required seismic program at its sole cost by June 30, in order to earn a 10% interest in PPL260. Oil Search and Eaglewood plan to shoot further seismic in PPL260 at an estimated ~$1.6 million of which Eaglewood’s...
Apr 15, 2009
US & International Briefs - July 18, 2014• Brownstone Energy and JV partner Dejour Energy have brought in a private US company to help develop their Kokopelli leasehold in the Piceance Basin of Colorado. The JV will initially focus on developing the liquids-rich Williams formation on Brownstone's southern leasehold withan expectation of drilling a minimum of eight wells to the base of the Williams. Brownstone will be carried for 10% o$16 million in D&C and permitting costs, which it expects will take it through the...
Jul 18, 2014
South Pacific Briefs - December 23, 2013• Cooper Energy signed asset exchange deals with Beach Energy to increase its exposure to the South Australian part of the Penola trough in the Otway Basin. Cooper will acquire 30% WI in petroleum exploration license 494 and petroleum retention license 32 in exchange for 35% WI in PEL495. As a result, Beach will hold an operated 70% WI and Cooper will hold 30% in all three permits. The companies plan to drill the Bungaloo-1 well in PRL32 and the Jolly-1 well in PEL495 targeting unconventional...
Dec 23, 2013
International Briefs - November 28, 2012• Eaglewood Energy Inc. has begun a new 2D seismic survey over Petroleum Prospecting License 259 in Papua New Guinea as a prelude to selecting a drilling location. The company plans to shoot over the western portion of the license area, mainly focusing on high-grading the Nama and Malisa leads previously delineated as well as an exploration line over the Ekelesia lead. The company and its partners are slated to begin work commitment drilling next year.• New Zealand Energy Corp. is...
Nov 28, 2012
Production Briefs - Apr. 26, 2012• Alberta Star Development Corp.'s newly drilled well (50% WI) on its Landrose property in west central Saskatchewan has been producing at 140 bpd (net of a 7% water cut). The company has also applied for a license to re-enter a shut-in well (50% WI) in the Landrose area during Q2 12. Alberta Star plans to target the untapped MacLaren formation.• Arcan Resources Ltd. drilled 16 wells since the beginning of its 2011/2012 Ethel winter drilling program, including 11 wells drilled in 1Q12....
Apr 26, 2012
International Briefs - February 13, 2012• Brookwater Ventures Inc. acquired an undivided 30% WI in Block 166 in the Reconcavo Basin in Brazil, targeting the Macauba prospect. Sonangol Starfish Oil & Gas S.A., a subsidiary of Angola´s state oil company, has operatorship with 40% WI and SomoilInternacional de Petróleo do Brasil Ltda. holds the remaining 30%.
• Cequence Energy Ltd. expanded its land base at Simonette in west central Alberta by 20 sections with a recent farm-in. Cequence controls more than 220 gross...
Feb 13, 2012
People Briefs - October 27, 2011- Aggreko plc promoted Sue McGregor from sales manager to vice president, area general manager, for Western Canada.
- Alberta Oilsands Inc. said Ken Hughes, a businessman and former federal Conservative Member of Parliament, joined its board.
- Avatar Energy Ltd. said Don Short joined the company's board.
- Bengal Energy Ltd. said Richard Bonnycastle retired as a director.
- Dundee Energy Ltd. appointed John Cowan to its board.
- Eaglewood Energy Inc. said Andrew Cochran resigned as a...
Oct 27, 2011
Financial Offering Briefs (December 14; Short Stories)- Alberta Oilsands Inc. closed its flow through offering, which raised $6.35 million.
Americas Petrogas Inc. completed a private placement of up to 3.0 million common shares at $1.05 per share for gross proceeds of $3,150,000.
- Angle Energy Inc. has closed its recently announced financing of 2,488,000 common shares issued on a flowthrough basis at $10.05 per share for aggregate gross proceeds of $25,004,400.
- Altima Resources Ltd. says that it is negotiating a private placement for...
Dec 14, 2010
Briefs (December 2010; <20 Short Stories)Apache Energia Argentina S.R.L, a sub of Apache Corp., has partnered with Americas Petrogas Inc. to conduct exploration at Huaclaera block located in the western region of Argentina’s Neuquen Basin.
Azabache Energy Inc. has signed a farm-out agreement on two of its projects for $1.0 million. The counterparty was undisclosed.
Caspian Energy will sell 10% interest in Aral Petroleum Capital.
Celtic Exploration Ltd has completed an acquisition at Inga in northeastern British Columbia for...
Dec 08, 2010
Drilling & Exploration Briefs - October 21, 2010Atikwa Resources Inc. has reached TD on its Porcupine Hills prospect, located in the foothills south of Calgary. The target is a by-passed Cretaceous interval, located at around 3340 meters. The well was originally drilled in 1981, with intermediate casing set at 3460 m, and a TD 5,135 meters. The original well was targeting oil and was unsuccessful in the deeper zone.
CanElson Drilling has extended two multi-well performance based contracts with an existing Midland, Texas customer for...
Oct 21, 2010