Heavy Oil

Suroco Energy Inc. (CVE:SRN) announced that it intends to issue, on a non-brokered private placement basis, up to 22,222,222 common shares of the Corporation at a price of $0.45 per share for gross proceeds of up to approximately $10,000,000.

Credo Petroleum Corporation (Nasdaq:CRED), an oil and gas exploration and production company with significant assets in the Williston Basin, Central Kansas, and Oklahoma, announced financial results for the nine months and quarter ended July 31, 2010.

Hybrid Energy Holdings (PINK: HYBE) announced the patent filing completed on Visalo’s heavy-oil extraction technology.

Painted Pony Petroleum Ltd. (CVE:PPY.A) announced that pursuant to the terms and conditions of its Stock Option Plan, it has granted, in the aggregate, 1,177,920 incentive stock options to purchase Class “A” Shares of Painted Pony, to certain of its Directors, Officers, Employees and Consultants.

Africa Oil Corp. (CVE:AOI) reported that it has signed a definitive farmout agreement with Tullow Oil plc whereby Tullow will acquire a 50% interest in, and operatorship of, three of Africa Oil’s east African exploration blocks, comprised of two exploration blocks in Kenya and one exploration block in Ethiopia.

Canadian Natural Resources Limited (TSE:CNQ, NYSE:CNQ) announced monthly production of Synthetic Crude Oil at Horizon Oil Sands as follows: Q1 2010 :86,995 bbl/d, Q2 2010 :99,950 bbl/d,July 2010 :93,300 bbl/d, August 2010 forecast :49,000–50,000 bbl/d.