Nautical Petroleum has rallied to its highest since last October after predicting allowances made in yesterday Budget will boost the value of its North Sea assets by almost £100m. Heavy oil related developments have been given a Field Allowance of £800m by the Treasury as a specific target. For full story, click here
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Monday, April 20, 2009
Deloro Resources (CVE:DLL) annouced today that CSA approval has been received and SaskPower has cleared the Wilkie Project site for eletrification. The pilot test will be starting shortly. Deloro will be testing Electro-Petroleum Inc.’s enhanced oil recovery technology. Click this link to see the full release.
Continue reading "Deloro Pilot Test Moves Forward"
Wednesday, April 1, 2009
Saha Petroleum Ltd., declared that it has filed its audited financial statements for the year ended December 31, 2008, the related management’s discussion and analysis for the three and months and year ended December 31, 2008. For full story, click here
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Monday, March 23, 2009
Nautical Petroleum plc, the independent Exploration and Production company specialising in the development of heavy oil assets in the UK and Europe reported its Interim Results for the six month period to 31 December 2008. For full story, click here
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Friday, November 21, 2008
Saha Petroleum closes acquisition of Heavy Oil production, holds annual and spscial shareholder’s meeting and aquires Saskatchewan property. For full story, click here
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Thursday, August 14, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
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Wednesday, August 6, 2008
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, [...]
Continue reading "Upgrader: August 6"
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Thursday, April 23, 2009