Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) will sell common stock and warrants for gross proceeds of $3 million in a registered direct offering with Crede CG III, Ltd.
Oil & Gas Company News Directory
Commercial Solutions Inc. (TSX:CSA) announced its second quarter financial results for the three-month and six-month periods ended March 31, 2013, and reported revenues of $27.8 million.
CBM Asia Development Corp. (TSXV:TCF,US:CBMD,FWB:IY2) reported that the non-brokered private placement announced on March 6, 2013 and April 1, 2013 is moving forward.
Victory Energy Corp (OTCQB:VYEY) provided an update on drilling operations for key properties for Auraora Energy Partners, of which Victory owns a 50 percent interest.
Bloomberg reported that Gazprom's 2012 profits fell by 9.5 percent in the midst of rising costs and dwindling European demand.
Miller Energy Resources, Inc. (NYSE:MILL) announced updates regarding operations and acquisitions of Alaskan assets
Big Sky Petroleum Corporation (TSXV:BSP) reviewed the Company's activities in Q1 2013 and also announced its future plans for 2013. Q1 2013 was a successful first quarter for the Company, as they announced two lease block acquisitions and the drilling of the first Wolfberry test. In regards to the Schleicher Prospect Evaluation, a NI 51-101 compliant report was filed by Petrotech Engineering Ltd. and can be found on SEDAR. The Company plans to continue expanding their projects in 2013, by continuing to conduct a leasing program within the Schleicher Prospect area that will target highly selective areas for further development.
FX Energy, Inc. (NASDAQ:FXEN) announced results from a drill stem test on their Tuchola-3K well in Poland. As quoted in the press release:
ub Energy Inc.(TSXV:KUB) and Anatolia Energy Corp.(TSXV:AEE) have entered into a strategic arrangement in which Cub acquire all the issued and outstanding common shares of Anatolia in exchange for common shares of Cub.
Bloomberg reported that Imperial Oil Ltd, one of Canada’s biggest oil producers, announced that sales from the C$12.9B Kearl oil-sands project will start in the third quarter. The project is expected to produce 110,000 bpd and grow to 345,000 bpd.