Twoco Petroleums Ltd. (TSXV:TWO) announced that it plans to sell 70 percent of its working interests in its Alberta-based Sparky heavy oil property to an oil and gas investment fund located in Seoul, Korea for C$28 million as per an arm's length definitive agreement.
Heavy Oil Company News Directory
NuVista Energy Ltd. (TSX:NVA) announced that it plans to sell three of its natural gas and heavy oil properties for C$236 million in order to repay its debt.
EV Energy Partners, L.P. (NASDAQ:EVEP) and EnerVest, Ltd. reported that second well in the Utica Shale produced 1,690 barrels of oil equivalent per day.
Santa Maria Petroleum Inc. (TSXV:SMQ) has started test production of the Flami-1 well at the Llanos 27 block.
Primary Petroleum Corporation (TSXV:PIE) updated on its operations at the Pondera-Teton Prospect in NW Montana.
Tamarack Valley Energy Ltd. (TSXV:TVE) reported that its production in the second quarter of 2012 rose by 152 percent to 2,193 boe/d.
Reuters reported that Essar Oil (NSE:ESSAROIL) has surged the processing of heavy and ultra heavy crudes at the Vadinar refinery to raise margins by $7-$8/bbl over benchmark Singapore margins.
Trilogy Energy Corp. (TSX:TET) has declared a cash dividend $0.035 per share for August 2012.
Sure Energy Inc. (TSX:SHR) announced that its 2012 second quarter production averaged 1,201 BOE/d.
Edge Resources Inc. (TSXV:EDE) has completed drilling two wells in Primate asset located in Saskatchewan.