Poplar Creek Resources Inc. (PCK) (TSX VENTURE:PCK) announced the signing of a Memorandum of Understanding with Norwegian Oil Sands Corp. whereby PCK, subject to certain conditions set forth in the MOU, has the right to earn a 50% interest in 31 sections of contiguous Oil Sand Leases owned by NOS.
Ibtimes.com reported on Oil slips awaiting bank tests, eyeing storm:
Rigzone.com reported on Heavier Crude Feedstocks: Gaining Respect:
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
CanElson Drilling Inc.(TSX VENTURE:CDI) announced that its Mexican joint venture company, Diavaz CanElson de Mexico, S.A. de C.V., has signed a one year contract and commenced operation of the second service rig for DS Servicios Petroleros, S.A. de C.V. in the Ebano-Panuco-Cacalilao fields of the Misantla-Tampico basin of Mexico.
Vantage Drilling Company (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced that it intends to offer, subject to market and other conditions, $50.0 million of ordinary shares.
Vantage Drilling Company (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced that its wholly-owned subsidiary Offshore Group Investment Limited intends to offer, subject to market and other conditions, $960.0 million in aggregate principal amount of Senior Secured Notes due 2015.
Caza Oil & Gas, Inc. (TSE:CAZ)(AIM:CAZA) was notified today, by Millennium Global Investments, that following its disposal of an aggregate of 1,000,000 Caza common shares of no par value, Millennium Global Investments now has a holding of 13,625,000 Shares representing 11.4 percent of the Company’s issued share capital.
Nextraction Energy Corporation (TSX VENTURE:NE) and its wholly-owned subsidiary, Nextraction Energy Inc. , announced it has acquired an additional 1,023 acre leasehold in the northern region of the Pinedale Anticline, Wyoming.
Canacol Energy Ltd. (TSX VENTURE:CNE) announced that it has received approval from the Bolsa de Valores de Colombia to be listed on the Colombian Stock Exchange commencing July 22, 2010.
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