Encana, Canada's largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
Venoco, Inc. (NYSE: VQ) reported that it will host a conference call to discuss first quarter 2010 financial and operating results on Tuesday, May 4, 2010 beginning at 11:00 AM Eastern Time.
Cumberland Oil & Gas Ltd.(TSX VENTURE:COG) reported its application for graduation to a Tier 1 issuer on the TSX Venture Exchange has been accepted by the TSXV.
Petrolympic Ltd. (TSX VENTURE:PCQ) reported that the company has granted incentive stock options to an officer and a consultant of the Company for the purchase of a total of 150,000 common shares of the Company at the exercise price of $0.28 exercisable until April 23, 2015.
Czech Republic Resource Corp. (PINKSHEETS: CZHC), an energy company engaged in the acquisition, exploration, and development of properties for production of crude oil and natural gas, reported that the company has entered in negotiations.
Timberlake Energy Solutions Inc. (FRANKFURT: T2YA) (PINKSHEETS: TLKE) reported that the company has entered into a Letter of Intent to acquire a huge oil and gas prospect in Nevada.
PanWestern Energy Inc.(TSX VENTURE:PW) announced that the company has closed its previously announced private placement of 51,100,000 special warrants at a price of $0.47 per special warrant for aggregate gross proceeds of $24,017,000.
EuroGas, Inc. (EuroGas) (PINKSHEETS: EUGS) (FRANKFURT: EUG) (XETRA: EUG) (HAMB: EUG) (STUT: EUG) reported that through its subsidiary, EuroGas Polska sp.z o.o., it has entered into a confidentiality agreement with Total E&P Activités Pétrolières (Total), a wholly owned subsidiary of Total S.A., one of the world's largest oil companies.
PrimeGen Energy Corp. (PINKSHEETS: PGNE) reported the appointment of Vladamir Y. Protskiv to the Board of Directors and as the new CEO and President of the Company with immediate effect. Robert Charlton, the former President, will remain on the Board and continue his role as a Director of the Company.
Tuesday, June 15, 2010