Heavy Oil

Orion Oil & Gas Corporation (TSX:OIP) reported that J. Dean Tucker has joined Orion as Chief Operating Officer, Glen Mah as Vice President, Asset Management, and Jacques Millette as Vice President, Engineering and Development.

Sunergy, Inc (OTCBB: SNEY) announced that the managing director of the plant reported that Ghana’s 45,000 barrel-per-day Tema refinery has shut down due to a lack of crude oil supplies.

Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) reported its financial results for the year ended December 31, 2009 and also the results of its independent reserve report as at December 31, 2009.

Petrobank Energy and Resources Ltd. (TSX:PBG) reported an early conversion period for holders of Petrobank’s convertible notes due July 10, 2015.

Blugrass Energy, Inc. (OTCBB: BLUG) reported that the company has entered into a Memorandum of Understanding with DeepExpro, LLC, a privately held independent oil and gas exploration and production company based in Houston, Texas, to jointly identify, evaluate, acquire, explore, and develop various working interests and net revenue interests in oil and gas prospects.

Canacol Energy Ltd. (TSX VENTURE:CNE) reported that the company has filed all required documentation for approval by the Colombian Financial Superintendency for the registration of its shares in the Colombian Nation Securities and Issuers Registry “RNVE” and for listing on the Colombian Stock Exchange “Bolsa de Valores de Colombia – BVC”.

Exall Energy Corporation (TSX:EE) reported that further to its press release of March 22, 2010, the company has raised additional gross proceeds of $500,500 by way of a second tranche of the private placement financing complete on a non-brokered basis. As a result of the closing of the two tranches, Exall has raised gross proceeds of $3,704,903.

Cinch Energy Corp. (TSX:CNH) reported that the company has completed and tested another Wabamun gas well. The Cinch operated Dawson 7-25-80-16 W6M well (65% working interest) was drilled to a total depth of 3,825 meters.

Petrobank Energy and Resources Ltd. (TSX:PBG) reported that the company has filed our 2009 Annual Information Form.

Zeromillion.com reported that Oil Stocks As A Long Term Investment: