MegaWest Energy Corp., an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, declared that it has reached an Amending Agreement with its joint venture partner Kentucky Reserves II, LLC to resolve its outstanding work commitment under the Kentucky Purchase Agreement. For full story, [...]
MegaWest Energy Corp., an independent specializing in non-conventional oil and gas projects with a focus on North American heavy oil, declared that it has retained Murdock Capital Partners Corp., with headquarters in New York, to provide financial consulting and advisement services. For full story, click here
MegaWest Energy Corp. announced that it has reorganized to strengthen its financial flexibility and to extend the time available for the company to benefit from future improvements to current market conditions. For full story, click here
MegaWest Energy Corp., an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announced that it has provided a corporate update to shareholders. For full tory, click here
MegaWest Energy Corp. has started preliminary drilling into tar-sands formations in Edmonson, Warren and Butler counties, where the Kentucky Geological Survey estimates that shallow, heavy oil resources could total 3.4 billion barrels. George T. Stapleton, CEO of MegaWest, said: If I had to guess, of the 3.4 billion, once all is said and done, if [...]
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
MegaWest Energy Corp., an independent oil and gas company specializing in non-conventional oil and gas projects with a focus on North American heavy oil, reported its first oil sales from its Marmaton River Project in Missouri. For full news, click here
MegaWest Energy Corp. announced the acquisition of the Montana’s Devils Basin play. For full news, click here
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