NiMin Energy Corp. (TSX:NNN)(OTCQX:NEYYF)(PINK SHEETS:NEYYF) announced the closing and funding of its new credit facility in the amount of US $36 million from CLG Energy Finance, LLC, an affiliate of Beal Bank.
Neste Oil sells its Sines plant in Portugal. Neste Oil divests its Portuguese subsidiary Neste Oil Portugal S.A.,owning an ETBE plant in Sines,to the Portuguese company Repsol Polimeros LDA.
PetroWorth Resources Inc. (CNSX:PTW) (FRANKFURT:T3F) announced that it has closed the first tranche of a non-brokered private placement financing.
American Petro-Hunter (OTCBB: AAPH) was founded on January 24, 1994. The Company’s primary focus is developing oil and gas exploration projects in the United States. Their principal project is a new interest in North Oklahoma, historically a region in the United States known for prolific oil production.
Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.
Nextraction Energy Corporation (TSX-V: NE) announced today that its wholly-owned subsidiary, Nextraction Energy (US) Inc., and its operating partner, Vantage Energy, have commenced completion operations for the Noble 6-24 well in the northern region of the Pinedale Anticline.
Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has filed its reports related to oil and gas reserves for the year ended February 28, 2010 in accordance with Canadian Securities Regulators National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101″).
Estrella International Energy Services Ltd. (formerly, Everest Ventures Corp.) (TSX VENTURE:EEN) is pleased to announce that on June 25, 2010, it completed its previously announced proposed Qualifying Transaction with Estrella Overseas Limited pursuant to a merger agreement dated April 30, 2010 whereby its wholly-owned subsidiary in the British Virgin Islands, Everest (BVI) Limited, merged with Estrella.
Theglobeandmail.com reported Primary Petroleum a high-conviction play for AlphaNorth hedge fund :
Bankers Petroleum Ltd. (TSX:BNK)(AIM:BNK) announced it has entered into an agreement with Raymond James Ltd., on behalf of a syndicate of underwriters co-led by Raymond James Ltd. and GMP Securities L.P., under which the members of the Syndicate have agreed to purchase, on a bought deal basis, 12,903,228 common shares of the Company at Cdn$7.75 per Common Share to raise gross proceeds of Cdn$100,000,017.
Wednesday, June 30, 2010