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Lexaria Announces Successful New Oil Well
Lexaria Corp. (OTCQB: LXRP) (CNSX: LXX) (the "Company" or "Lexaria") is pleased to report that the newly drilled PPF-12-7 well at Belmont Lake has reached total depth and sidewall core analysis indicates approximately 20 feet (true vertical depth) of oil bearing pay.
"This is our fifth successful well at Belmont Lake Field," commented Lexaria President, Chris Bunka. "We have high expectations for this well and believe it will be an important contributor ...
Oil and Gas
- Dec 6, 2013
New oil and gas discovery in the Johan Castberg area
Well 7220/7-2 S, drilled by the rig West Hercules, has proven a 22 metre gas column and a 23 m oil column in the Jurassic Tubåen formation, and a 133 metre oil column in the Triassic Fruholmen formation.
Statoil estimates the volumes in Skavl to be in the range of 20 - 50 million barrels of recoverable oil.
"Statoil puts a lot of effort into proving additional oil resources in the Johan Castberg area in order to make the field development project more robust. We are pleased...
Oil and Gas
- Exploration - Dec 9, 2013
Africa Oil Provides Operational Update
Africa Oil Corp. ("Africa Oil" or the "Company") would like to provide the following operational update on its activities in Kenya and Ethiopia.
Drilling operations continue with strong community support in the South Lokichar basin in Northern Kenya which is the site of five consecutive significant oil discoveries by Africa Oil in conjunction with its 50% partner and Operator, Tullow Oil Plc. The Amosing well has spud and is drilling ahead on schedule. It is located 7 ...
Oil and Gas
- Exploration - Dec 9, 2013
Termination of Participating Interest in Oil Block OPL 2012 in Nigeria
The Blacksands Pacific Group, Inc. including affiliates and subsidiaries ("Blacksands Pacific" or the “Company”) announces that it has terminated all discussions, interests and agreement (“The Agreement”) with Sigmund Oilfields Limited (“Sigmund”) and Grasso Consortium (“Grasso”) consisting of Grasso Nigeria Limited, Oil and Gas Mission Limited and Eurafric Energy Limited for the development of the leased acreage OPL 2012. OPL 2012 is ...
Oil and Gas
- Dec 9, 2013
GE Selects Oklahoma City Site for New Global Hub of Oil & Gas Technology Innovation
GE (NYSE:GE) today announced the selection of a site in Downtown Oklahoma City for the company’s first-ever Global Research Center dedicated to Oil & Gas technology. GE’s new Center will create 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies. GE has invested approximately $14 billion in its Oil & Gas business globally since 2007; this new Center represents yet another example of GE’s com...
Oil and Gas
- Exploration - Dec 6, 2013
Fresh protests against shale gas in Romania
Hundreds of protesters rallied Saturday in the northeastern Romanian village of Pungesti against plans by US energy giant Chevron to drill for shale gas.
"Chevron go home", protesters chanted as they tore down barriers to briefly enter the site where Chevron intends to drill its first exploration well in Romania.
Chevron on Monday resumed operations in Pungesti after Romanian riot police forcibly removed shale gas protesters from a makeshift camp next to the drilling site.
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Oil and Gas
- Dec 7, 2013
Niger says seeks better uranium terms from French Areva
Niger's President Mahamadou Issoufou said in Paris on Friday that his country wanted to renew its uranium mining agreement with French nuclear giant Areva, but on more equitable terms.
"The negotiations are proceeding normally," Issoufou said on the sidelines of a Franco-African summit in Paris on peace and security. "Our aim is to balance out the relations between us and Areva."
Areva's contract to extract uranium in the west African country expires on Dec...
Nuclear
- Mining - Dec 6, 2013
Chevron resumes shale work in Romania despite protest
Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation.
Romanian police declared the area around the planned mine a "special security zone" and installed check-points on all roads leading to the nearby village of Pungesti after Saturday's protests.
"Chevron can confirm that it has resumed activities in Pungesti commune," in northeastern Romania, the c...
Oil and Gas
- Dec 8, 2013
