Mining Weekly reported yesterday that Canada's US Oil Sands Inc. (TSXV:USO) is using an environmentally friendly, citrus-based technology to design and build the United States' first commercial oil sands project.
Oil & Gas Company News Directory
Mining Weekly reported that Glencore Xstrata plc (LSE:GLEN) is interested in purchasing Nigerian oil assets being sold by Royal Dutch Shell plc (LSE:RDSA).
FX Energy Inc. (NASDAQ:FXEN) announced that it has started production at the Komorze-3 well, located at its Poland-based Fences concession. Currently, its production rate sits at 1.1 million cubic feet of gas per day.
Kodiak Oil & Gas Corp. (NYSE:KOG) provided its financial results for the fourth quarter of 2013 and 2013 as a whole, commenting that during Q4, it oil and gas sales were valued at $266.5 million, a 104-percent increase from the year-ago period.
Mooncor Oil & Gas Corp. (TSXV:MOO) and Birch Lake Energy Inc. (TSXV:BLK) announced that they have entered into a non-binding letter of agreement under which Mooncor will acquire all the common shares of Birch Lake. The companies anticipate the acquisition being completed via a triangular amalgamation.
Victory Energy Corp. (OTCQB:VYEY) announced that it has obtained $36.4 million worth of bank and private placement funding via its interest in Aurora Energy Partners.
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) has appointed Mr. Keith Potter as Vice President of Operations.
Greencastle Resources Ltd. (TSXV:VGN) announced that the production casing has been set on its first well on the petroleum and natural gas lease in Section 11, Township 78, Range 07W6 in the Spirit River area of Northwest Alberta, after reaching a total measured depth of 3,006 metres with the last 1,420 metres.
Petrichor Energy Inc. (TSXV:PTP, FWB:YQN) has completed the casing, and installation of production equipment at Hinson #1 well.