Topaz Resources, Inc. (OTC:TOPZ) acquires Dark Horse Operating Co., LLC, which is a well established operating company in the North, Central and West Texas regions.
Alberta Star Development Corp. (CVE:ASX) acquires a 100% interest in petroleum and natural gas rights on 40 gross acres of land located in Section 16-50-26 W3M in the Landrose area of west-central Saskatchewan.
Petrobank Energy and Resources Ltd. (TSE:PBG) reports that the company has concluded the acquisition of Baytex Energy Ltd.'s and Shell Canada Ltd.'s respective 50% interests in the Kerrobert and Dawson projects.
Saha Petroleum closes acquisition of Heavy Oil production, holds annual and spscial shareholder’s meeting and aquires Saskatchewan property. For full story, click here
Total, Europe’s third-largest oil producer, plans to acquire 60 percent stake in Bemolanga license, where heavy oil has been discovered. Madagascar Oil SA said: It will use its experience in developing heavy-oil deposits in Venezuela and Canada. For full story, click here For Total’s website, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Brass tacks In markets like these, it behooves investors, advisers, businesspeople and journalists to return to first principles. May I first offer a mea culpa for failing to forecast the precipitous decline in barrel prices? Sorry. Getting down to brass tacks, the economic fundamentals of [...]
MegaWest Energy Corp. announced the acquisition of the Montana’s Devils Basin play. For full news, click here
Sonic completed the acquisition of NORT Chemistry by acquiring all the issued and outstanding shares of the company. NORT chemistry, the Alberta based company, complements SONIC Sonoprocess to achieve pipeline quality. For full story, click here
Earth Search Sciences, a provider of remoter sensing technology for surface reading and interpretation of maps, acquired General Synfuels International, including its patented technology to recover hydrocarbons. The acquisition enables a subsidiary of Earth Search to establish JV with Petro Probe Inc, to establish a joint venture and commercial licensing program to develop domestic oil shale [...]
By Duncan Sutherland – Exclusive to HeavyOilInvestingNews.com The provincial government of Alberta announced that it will invest $4 billion (CDN) of hydrocarbon royalties into carbon capture and storage technology. Ed Stelmach’s Conservative government will create two separate funds. The first will be used to “finance large projects to capture and store carbon dioxide emissions from [...]
Wednesday, December 8, 2010