Oil & Gas Company News Directory

CBM Asia Cuts Costs and Announces Non-Brokered Private Placement of C$11 Million

Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both Vancouver and Jakarta.

BRS Resources – Natural Gas Production in Italy

BRS Resources Ltd. (TSXV:BRS) is an international oil and gas exploration and production company focused on establishing a European presence in the upstream oil and gas business, primarily natural gas production in Italy. Investment Highlights: 800,000+ acres 40+ prospective wells World class partners Europe’s second largest onshore gas province Favorable commodity pricing

CBM Asia Announces Annual and Special General Meeting Results

CBM Asia Development Corp. (TSX:TCF, US:CBMDF, FRANKFURT:IY2) announced that at the annual and special meeting of shareholders held on Friday, March 28th, 2014, shareholders approved: The appointment of Charles W. Bloomquist, Adam Q.H. Clarke, James F. Friberg, Clint B. Sharples and Scott H. Stevens as directors. The appointment of BDO Canada LLP, Chartered Accountants, as auditor. The ratification and approval of the Stock Option Plan.

Steelhead Looks at New B.C. LNG Export Terminal

Business in Vancouver reported last week that Steelhead LNG Corp. will propose a new liquefied natural gas export facility for the B.C. Coast. Nigel Kuzemko, CEO of Steelhead, commented: We are looking at more than one site. We’re looking at both floating LNG facilities, as well as a land-based facility. We understand the markets; between [...]